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ISM Manufacturing PMI Falls to 54.6% in August as New Orders and Backlogs Lose Momentum Despite Eighth Straight Month of Expansion
The U.S. manufacturing sector expanded for the eighth consecutive month in August, but the pace of growth decelerated across several key measures, according to the
Anthropic Pursues $6 Billion Acquisition of AI Infrastructure Startup Decart as IPO Roadshow Gains Momentum
Anthropic, the San Francisco-based artificial intelligence company valued at $965 billion in its most recent private funding round, is in advanced discussions to acquire Israeli AI startup Decart for approximately $6 billion, a deal that would represent its largest known acquisition and arrive weeks before a planned Nasdaq listing that
S&P 500 Closes Near Record as July CPI Data Eases Rate Hike Pressure and AI Earnings Surge
The S&P 500 gained 19.51 points on Wednesday, August 12, closing at 7,747.46 after opening in record territory on the back of an in-line July inflation report and a cluster of strong AI infrastructure earnings. The index ended the session 0.25% higher but just below its all-time closing high of
Business Loans for Entrepreneurs and What Access Looks Like Today
A woman who runs a commercial cleaning company in Detroit told me she applied to four different banks before she finally gave up on traditional lending entirely. Her business had eighteen months of steady, growing revenue and contracts with two mid-sized office buildings. Every bank conversation followed a strikingly similar
Fed’s Christopher Waller Says Inflation Is the Bigger Risk for U.S. Rate Policy
Federal Reserve Governor Christopher Waller said on July 6, 2026 that high inflation, rather than a weakening labor market, is now the chief risk facing the central bank, a stance that pushes back against expectations for near-term interest rate cuts. Waller framed the shift as a reversal of the balance
Nike Beats Q4 Revenue Estimates but China Weakness Pressures the Stock
Nike beat Wall Street’s fiscal fourth-quarter revenue and earnings estimates on June 30, but its shares fell as much as 8% in after-hours trading, as Greater China sales dropped 12% and a nearly $1 billion tariff refund, rather than core demand, powered much of the reported profit. Nike Topped Estimates
Elon Musk Becomes History’s First Trillionaire as SpaceX IPO Pushes Net Worth Past $1.1 Trillion
The SpaceX Nasdaq debut on June 12 repriced Elon Musk’s largest asset from a private valuation to a public one, pushing his combined holdings past $1 trillion and creating a personal fortune that exceeds the GDP of most sovereign nations. How the Numbers Add Up Musk’s path to trillionaire status
A Cooling Labor Market Sets Up the Fed’s Next Move, and What It Means for Your Money
The latest labor data delivered a subtle but meaningful signal this week, and the timing could hardly be sharper. Initial jobless claims rose to a three-month high just days before the Federal Reserve convenes for a policy meeting that will shape borrowing costs, savings yields, and investment returns through the
Musk Tops Forbes at $788.8 Billion as AI Exposure Reshapes the Billionaire Ranks
Elon Musk sits atop the global wealth rankings again, and the gap between him and everyone else has rarely looked wider. Forbes’ real-time tracker placed his net worth near $788.8 billion as of June 8, more than double the next-largest fortune, with a trillion-dollar milestone now within reach. The figure,
Alice Walton Holds Her Title as World’s Richest Woman at $134 Billion
Alice Walton has retained her position at the top of global women’s wealth. The Walmart heiress, 76, ranks as the world’s richest woman for a third consecutive year on Forbes’ 2026 World’s Billionaires List, with an estimated net worth of $134 billion. The figure marks a roughly $33 billion increase
Jamie Dimon Calls the Market “Exuberant” but Stops Short of a Bubble Warning
Jamie Dimon has spent most of 2026 watching equities climb through the very risks he keeps flagging. At the Reagan National Economic Forum on May 29, the JPMorgan Chase chief executive delivered his most calibrated read on those markets yet — and the part worth studying is not the headline
The Generational Views on Wealth and Net Worth
Ask four generations how much money it takes to be wealthy and four different numbers come back. The spread is wide enough to suggest that wealth, in 2026, is less a fixed figure than a reflection of the economy each generation grew up inside. New survey data and Federal Reserve
How Student Debt Can Affect Net Worth
Student debt is usually discussed as a monthly cash flow problem — the loan payment that competes with rent, the budget line that pushes the borrower into a higher-stress relationship with their checking account. That framing is accurate but incomplete. The more consequential effect of student debt, the one that
Lowe’s, Target, and CAVA Q1 Earnings Reveal Diverging US Consumer Spending Signals as Wall Street Recalibrates
Three consumer-facing companies reported earnings this week that, read together, give markets one of the cleaner reads on US household spending heading into summer 2026. CAVA Group surged on a revenue beat that confirmed the fast-casual category’s continued strength. Lowe’s posted earnings ahead of consensus but kept its full-year outlook