To encourage tourism and boost L’Aquila’s economy, the government has made the city Italy’s “capital of culture” for 2026. The title would be well deserved in any year, but the decision is nonetheless incongruous https://t.co/vNLZyUbE5k ...

Breaking news. Donald Trump's big mad about the Trump economy. And so this afternoon, as we just discussed, he ordered the head of the Bureau of Labor Statistics, the part of the Department of Labor that collects and reports American employment data, to be fired. They didn't do anything else. They just report the data. Now, did Trump do that because the stock market tanked today after the jobs report showed an anemic 73,000 jobs created last month? Or did he do it because he needed yet another outrageous di ...

And Donald Trump didn't like these numbers because they cast a negative light on his supposedly big beautiful economic achievements. But you know, Ronald Reagan used to say facts are stubborn things. And the reason those numbers were revised downward was because of facts relating to the economy.How do we deal with it now. Donald Trump trying to cook the books and imperiling the credibility of some really important economic statistics that are the basis for business planning. You know, we tend to make a lot ...

Well, someone else is going to be uh handling that one way or another, it seems. Neil Dada, what what do you make of what we got in the data today. The best data that we have at the moment anyway, and what investors should really take away from it about the state of this economy and the market.Well, I think for the Fed, it feels a little bit like deja vu all over again because this is kind of where we were around the same time last year. um you know things sort of uh seem okay and then you kind of get punch ...

Peter Maluca of Creative Planning is still with us. Peter, I'm not you don't need to wait into politics. Don't worry, but it's it's probably we're now politicizing the Fed. We're politicizing jobs number.>> That's not a market confidence building headline. I don't think >> I felt like I was watching like I'm being punked or or in the onion uh you know the par parody satire uh video. I can't believe what I just saw.I mean, look, I'm not a fan of some government statistics. You just have to look historically ...

Labor Market & Economic Outlook - US labor market shows warning signs with payrolls tumbling and unemployment rate rising, indicating a deceleration in job gains [1][2] - Concerns mount over a complicated mix for the Federal Reserve to deal with, leading to expectations of potential rate cuts in September and December [2][3] - Slowing services wages suggest a potential slowdown in consumption and the overall economy, justifying lower interest rates even without a formal recession [19] - The economy is structurally sound, but current policy may be suboptimal, with rates disproportionately hurting lower-income households as housing and labor markets slow [9][10] Interest Rate & Monetary Policy - Fed rate cut bets for September have reached nearly 90%, a significant increase from 45% prior to jobs data, with two rate cuts priced in for the year [6] - The Cleveland Fed President acknowledges a tricky time for monetary policy makers due to conflicting mandates, requiring careful data analysis and business conversations [7][8] - The market anticipates bull steepening as the economy slows and the Fed cuts rates, potentially spurring inflation or growth, leading to a V-shaped recovery [12] - Neutral rate is difficult to determine, potentially higher than expected due to shifts in household and business debt structures, allowing for higher interest rates with a robust economy [17][18] Bond Market & Credit Issuance - US high-grade weekly volume reached $12 million, driven by foreign bank sales, while July volume was $81 billion, the lightest month for supply this year [29] - US high-yield July volumes exceeded $35 billion, marking the second busiest month since September 2021 and the busiest since at least 2006 [30] - Leveraged loan launches in July set a record, reaching over $222 billion, the fourth time in 14 months an all-time record has been broken [30] - Private sector holds $225 trillion in cash, exceeding marketable Treasury debt, with only $29 trillion in high-quality bonds, creating a transcendent influence on the market [26][27]

Here are key takeaways from the US jobs report for July https://t.co/jxoTqlioo1 ...

Just hours before President Trump's trade deadline was set to take effect today, he signed an executive order announcing sweeping new tariffs for dozens of countries countries as well as formalizing the trade deal frameworks that his administration had already negotiated with a handful of nations. These new rates range from 10% to as high as 41% and they're scheduled to take effect on August 7th, next week. In an exclusive phone interview with NBC News, Trump said that it was too late for other countries to ...

Bakeries are great microcosms of the economy https://t.co/VOm1Hlp1Xd ...

Buffalo has some of the country's snowiest winters, its beloved Bills have yet to win a Super Bowl and the economy has yet to fully rebound. Yet former residents keep returning, buying up high-end homes and giving the luxury market a jolt. https://t.co/aj0oTXIiVq ...