Markets, monetary policy, small business conditions, and who wins, who loses.
Reported by Priya Kanth
Alphabet's free cash flow turned negative again and Amazon's trailing figure hit negative $42.4 billion. A 3 percent search miss, not the spending, separated the stock reactions.
By Priya Kanth
· 3 min read
Lisa Cook cast her first dissent and Beth Hammack, who also dissented in July, her latest, both for a quarter-point increase. Headline inflation is 3.7 percent, but core is 2.6, and traders put December hike odds at 82.6 percent.
Treasury data shows withholding added $107.6 billion of the individual increase. Payments outside withholding added $95.8 billion, and corporate refunds rose 79 percent.
The Eighth Circuit ruled the Fed let fixed costs into Regulation II's flat cap and ordered a rewrite. Covered banks collected an average of 23 cents a swipe in 2023.
A chart claiming wages hit their lowest share of U.S. income since 1929 is topping Reddit. BEA's annual data shows a 9.5-point slide from 1970 to 2013, then a flat floor.
The filing says a $982 million asset-sale gain paid for efficiency initiatives. The AI framing and the 5% headcount figure come from the CFO's interview and press accounts.
The rate is 1.94 times the white rate, but it is lower than a year ago, and more Black adults started job hunting in September than found work.
Expert Barber Beauty Academy in McKinney was started by salon and barbershop owners who kept retraining licensed hires. Students now practice on walk-in clients under an instructor.
Claims sit near a 57-year low, but September payrolls rose only 29,000 and 822,000 earlier job gains have since been revised away, by one tally.
Meta's third-quarter revenue rose 26 percent to $64.60 billion, but capital spending of $34.91 billion topped operating cash flow. The new Class C stock lets it raise equity without diluting Zuckerberg's 56.1 percent vote.
Zumper's asking-rent data and the BLS rent index for the Bay Area metro measure different renters. The mayor's emergency package targets only one of them.
The NAHB index hit its lowest reading since June 2012 as 43 percent of builders cut prices, the highest share in the 2020-2026 period. The 30-year mortgage rate sits at 7.40 percent.
Reported holdings are down $109 billion in a year, but Japan's fell by more, and Treasury says its data track custodians, not owners.
Treasury's final statement shows interest took about 19 cents of every revenue dollar and equaled 53 percent of the $1.99 trillion deficit. Revenue grew 3.2 percent.
The September jump in wholesale prices went beyond gasoline. Seller margins and services rose too, and producer inflation now runs far ahead of consumer inflation going into the Fed's October 28 meeting.
Real hourly earnings fell 0.5 percent in one month and are down 0.7 percent from a year ago. Core prices, outside food and energy, rose 0.3 percent for the second straight month.
The grocer has not said how many of the roles AI replaces or what the cuts save. Its September filing shows slowing sales and an earnings forecast that did not move.
The Fed's 2025 Survey of Consumer Finances found income gains at the middle and bottom, and the highest late-payment share in its table of surveys back to 2013. Wealth gains went mostly to families that already held assets.
The Michigan index hit 46.3 while jobless claims sat near a 57-year low. The survey's own spending table shows the gap runs through who owns stock: 50 percent of top holders plan to spend as usual, against 18 percent of non-owners.
The Congressional Budget Office put fiscal 2026 at $218 billion worse than 2025. Through August, corporate tax receipts were down 24 percent and interest costs passed $1 trillion.
