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Huge undercount of immigrants since 2022 messes up employment data in the household survey. Census Bureau needs to adopt Congressional Budget Office’s population estimates or go home. The jobs report data released today is based on two large surveys: The survey of “establishments” (employers): nonfarm jobs created (+206,000 in June),…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Reformist candidate Masoud Pezeshkian has won Iran’s presidential election after pledging to re-engage with the west to secure sanctions relief and to relax social restrictions in the Islamic republic.The former health minister…
It is not unprecedented for an incumbent president to abandon his reelection campaign. But it is rare, and no president has been pressured out of a reelection campaign out of concerns about his mental fitness. One warning bell for Democrats who assume that a nominee younger than President Joe Biden…
I’ve got good news: You’re antifragile. We, as humans, are antifragile. And our financial plans can be, too. Have you noticed how great books consistently refer to other great books? I’m currently reading Jonathan Haidt’s newest book, The Anxious Generation, specifically focused on how a couple of systemic parenting mistakes…
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The…
Student loan borrowers in the U.S. are taking their time resuming repayments after the last pandemic-related pause expired late last year. Repayments were paused for borrowers of federal student loans from mid-March 2020, when the COVID pandemic began, and remained in effect until Sept. 1, 2023, 3½ years after the…
Check out the companies making headlines before the bell. Crypto stocks — Stocks tied to bitcoin price slid after the cryptocurrency dropped 5% to its lowest level since February , with the now defunct Mt. Gox exchange beginning repayments to creditors, as expected . Coinbase and MicroStrategy each lost 5%…
The U.S. economy again added slightly more jobs than expected in June though the unemployment rate increased, the Labor Department reported Friday.Nonfarm payrolls increased by 206,000 for the month, better than the 200,000 Dow Jones forecast though less than the downwardly revised gain of 218,000 in May, which was cut…
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. With interest rate cuts on the backburner, Wall Street is looking to corporate…
Investment overview I give a buy rating for Insight Enterprises (NASDAQ:NSIT), as it should benefit organizations adopting more complex IT solutions like AI that require more sophisticated expertise. This will also drive a higher mix of software products that are gross margin accretive. In the near term, the PC refreshment…