Multiple fintech companies are balking at sending buy-now-pay-later data to credit bureaus, citing concerns about whether the products will be interpreted fairly for consumers.
Why it matters: With over 90 million Americans expected to use BNPL for purchases this year, critics argue that existing credit scores paint an incomplete picture of an individual's likelihood to pay back loans.
Homicides declined in major U.S. cities — by more than 50% in some communities — during the first six months of the year, according to new data from an organization of law enforcement executives.
Why it matters: The stats are the latest signs that violent crime in America is falling from the COVID crime wave, and that drop appears to be accelerating during President Trump's first months in office.
You could be forgiven for having a spell of déjà vu: America's labor market is souring in ways that look similar to conditions seen last summer.
Why it matters: The worse-than-expected July jobs report strengthens the case for rate cuts in September, exactly one year after the central bank started its rate-cutting cycle to shield the labor market.
Warren Buffett is renowned for his investment advice. If only he'd listened to it when it came to private equity.
Why it matters: Buffett's Berkshire Hathaway on Saturday took a $3.8 billion writedown on its 27.5% stake in Kraft Heinz, which now is weighing various breakup plans to salvage value.
Why it matters: There had been heavy speculation that Bessent was a leading candidate to succeed Jerome Powell next May when his term as Fed chair ends.
President Trump on Tuesday repeated his claims that government jobs data was rigged, insisting — without evidence — the statistics were manipulated to make him look bad.
Why it matters: The more the president says the economy's most crucial data point isn't believable, the more investors might question their investments.
Brazil's Supreme Court ordered the house arrest of former President Jair Bolsonaro on Monday as he awaits trial over an alleged coup plot to overturn his 2022 election loss, which the Trump ally denies.
Why it matters: The move is likely to infuriate President Trump, who has demanded that Brazil drop criminal charges against Bolsonaro in a letter threatening to impose a 50% tariff on Brazilian imports.
More than half of Americans are stressed about buying groceries — significantly more than the financial pressure they feel about credit card debt, child care or student debt, an AP-NORC poll out Monday found.
The big picture: President Trumpcampaigned on a promise to bring down grocery prices, but the data shows Americans are still stressed out about affording these basic necessities.
The number of companies publicly disclosing data on women in top management roles or other demographic information plunged this year, a new report finds.
Why it matters: It's harder to identify gender and racial discrimination inside firms without this data.
President Trump on Monday threatened to further raise tariffs on India over the nation's purchases of Russian oil, accusing the country of profiteering.
Why it matters: Having failed to strike a trade deal with India, after months of saying one was imminent, Trump is now going on the offensive against a long-standing ally.
The Trump administration is scrutinizing the Bureau of Labor Statistics' employment data, key metrics that demonstrate the health of the U.S. economy.
Why it matters: The monthly jobs report is one of the most important pieces of economic data, and revisions are made to reflect the most accurate job numbers.
Federal Reserve governor Adriana Kugler's resignation creates high odds that the nation will soon learn who the next leader of the central bank will be.
Why it matters: There is a high likelihood that President Trump's nominee to the vacant post will join the Fed well before the chairmanship of its current leader, Jerome Powell, ends in May.
This is what the alarmists — the people who have worried that President Trump may seek to undermine the collection of economic data — feared.
The big picture: The president's abrupt firing of the Bureau of Labor Statistics commissioner Friday makes clear that any federal data collector who delivers unwelcome news could lose their job in an instant.
When the International Economic Development Council (IEDC) picked a location for its 2025 Annual Conference, it was about proof, not convenience — and Detroit is a living case study that economic development works.
The Motor City has transformed into a dynamic ecosystem where cutting-edge startups thrive alongside manufacturing plants, blending expertise across sectors to revitalize an iconic community.
The board of Tesla awarded Elon Musk 96 million shares of stock as part of a package to keep him on the automaker's management team, the company said in a regulatory filing Monday.
Why it matters: Far from seeking to replace him, as had been reported earlier this year, the company is doubling down on Musk, despite the controversies around his political activities.
Joby Aviation is buying Blade Air Mobility's urban air taxi business for up to $125 million, giving it a base of loyal passengers as it begins to gradually replace conventional helicopters with quieter electric air taxis.
Why it matters: The deal will give Joby a head start over competitors by providing immediate market access and scale, while reducing costs for new vertiports and customer acquisition, Joby said.
The future of a long-awaited elevated park project in North Philadelphia could hinge on a ruling by an obscure federal board.
Why it matters: Mayor Cherelle Parker's administration wants to acquire an unused railway viaduct and transform it into a hip public park — and a favorable decision from the federal Surface Transportation Board (STB) could help.
Retail investors are cautiously optimistic about the stock market, according to Charles Schwab's proprietary STAX index, which analyzes the retail trading activity of millions of Schwab customers. Still, clients were net sellers of stocks for July.
Why it matters: Retail investors are increasingly important market participants. If they're getting cautious about the market, that could impact where stocks are heading.
President Trump said Sunday he plans to name a new Federal Reserve governor and Bureau of Labor Statistics commissioner this week.
Why it matters: The resignation of former Fed governor Adriana Kugler and Trump's firing of BLS commissioner Erika McEntarfer give the president the opportunity to appoint people more aligned with his administration's policies and pile further pressure on Fed chair Jerome Powell.
