by Richard Garrett | Jun 16, 2026 | Economy
The American labor market delivered a third consecutive strong surprise in May, adding 172,000 jobs and nearly doubling what economists had projected, even as workers continue to face a widening gap between their paychecks and the rising cost of living. The...
by Richard Garrett | Jun 16, 2026 | Economy
A third consecutive stronger-than-expected jobs report has shifted the Federal Reserve’s attention firmly toward inflation and strengthened the case among hawkish officials for interest rate increases later this year, removing any remaining pressure on the...
by Richard Garrett | Jun 12, 2026 | Economy
Artificial intelligence has been reshaping stock prices, capital expenditure plans, and chip demand for more than two years. Now it is beginning to reshape the labor market in a more direct and measurable way, with companies citing AI as the reason for job cuts at a...
by Richard Garrett | Jun 12, 2026 | Economy
Blackstone has moved to cap investor withdrawals from its $79 billion private credit fund after redemption requests surged to 10% during the second quarter, a significant escalation from the record levels already recorded in the first quarter and a sign that stress in...
by Richard Garrett | Jun 10, 2026 | Economy
The U.S. stock market is flashing a warning that investors would be unwise to ignore: the S&P 500 is now trading at its most expensive valuation since the dot-com crash, at a moment when inflation is accelerating, economic growth is slowing, and the Federal...
