Friday was the kind of day that makes you check your retirement account and then wish you hadn't. Brent crude oil $110 a barrel flashed across trading screens, tech stocks got hammered on fresh doubts about the AI boom, and Washington confirmed a deficit of nearly $2 trillion for fiscal 2026. The Nasdaq plunged 2.15 … Read more
Bangkok gave the world economy a headline number this week — and a warning to go with it. The IMF global growth forecast 2026 now stands at 3.1%, up from July’s 3.0%, powered almost entirely by the artificial intelligence investment boom. But listen to Kristalina Georgieva for more than thirty seconds and the celebration stops. … Read more
Wednesday’s hot CPI inflation report landed like a slap. September prices rose 3.7% from a year earlier — hotter than August’s 3.4%, hotter than the 3.6% economists were expecting — and Wall Street didn’t take it well. The Nasdaq sank 1.88%, the S&P 500 gave up 1.11%, and a handful of high-flying AI stocks got … Read more
Wall Street got the CPI inflation report it didn’t want on Wednesday. Core inflation printed 2.6% for September — just a tenth of a point above the 2.5% economists polled by Reuters had expected, but enough to flip the interest-rate script. Stocks opened lower across the board, bond yields jumped, and traders started pricing in … Read more
The Nobel Economics Prize 2026 went to two Americans whose ideas quietly reshaped how the world’s central banks fight crises. The Royal Swedish Academy of Sciences announced Monday in Stockholm that Robert E. Hall of Stanford University and Michael Woodford of Columbia University will share the prize “for microeconomic foundations of macroeconomic stabilisation.” The award … Read more
Shares of Fannie Mae and Freddie Mac cratered on Monday, and the Fannie Mae Freddie Mac plunge was one of the ugliest single-day moves either stock has seen all year. Fannie Mae tumbled 9.4% while Freddie Mac sank 12% after Mizuho downgraded both companies and slashed its price targets roughly in half. It wasn’t just … Read more
Bank earnings week has arrived, and this one matters more than most. JPMorgan, Citigroup, Goldman Sachs and Wells Fargo all step up to the plate before the opening bell on Tuesday, October 13, kicking off the biggest week of bank earnings season. Bank of America, Morgan Stanley and BlackRock follow on Wednesday. For investors, bank … Read more
American shoppers have had it. Consumer sentiment sank again in early October, sliding to 46.3 on the University of Michigan’s closely followed index — the second-worst reading since the survey began in 1952. Only this past May’s record low of 44.8 was gloomier. The preliminary October number, released Friday, missed expectations badly. Economists polled by … Read more
The typical American family earned more and owned more in 2025 than it did three years earlier — and yet, a growing number of households were buckling under the weight of their own debt. That's the headline from the Fed Consumer Finances Survey released on Friday, October 9, 2026, a sweeping snapshot of how the … Read more
The Fed December rate hike debate took a sharper turn on Thursday. Speaking at an economic forum in Istanbul, Federal Reserve Governor Christopher Waller said additional interest-rate increases will probably be needed to drag inflation back to the Fed’s 2% target — then immediately softened the blow by saying the Fed doesn’t have to move … Read more
