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Business
fromBusiness Insider
6 days ago

Goldman Sachs flags 'growing signs of weakness' in the US jobs market as layoffs mount

Private-sector layoffs have surged to decade-high levels since 2016 (excluding the pandemic), signaling growing weakness in the U.S. labor market and tougher re-employment.
Business
fromFortune
1 month ago

This is the worst the jobs market has looked (outside of a recession) in 50 years, says Goldman Sachs, meaning bullish GDP estimates are overly optimistic | Fortune

U.S. GDP growth for Q2–Q3 may be overstated because government shutdown data gaps, weakening employment indicators, and temporary tariff stockpiling distort measured growth.
Business
fromFuturism
2 months ago

The AI Bubble Bursting Would Actually Be Incredible for the Economy, Economist Says

AI-driven gains concentrated in a handful of tech firms inflate markets while broader economic indicators show worsening conditions and rising household distress.
fromFortune
2 months ago

Wall Street is locked in for a Fed rate cut next week: The only question is how far and how fast Powell will go

Wall Street expects the Fed to cut rates by 0.25% next week, though some are speculating Jerome Powell could deliver a "jumbo" 0.5% move, given how weak recent labor market data has been. Global markets and U.S. S&P 500 futures rose on expectations of cheaper money, but there are still two more rounds of inflation data prior to the Fed's call.
Business
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