The White House crackdown appears to have driven 1.5 million immigrants out of the country, according to a new tally from Pew Research.
Why it matters: It's the first time the immigrant population has fallen in decades, a clear win for the Trump administration. It could slow the economy.
Job seekers and tech enthusiasts should mark their calendars for Sept. 24–Oct. 3 for a2Tech360, when Ann Arbor will transform into a hub for big ideas — and big opportunities.
Whether you want to grow your career, invest in what's next, find new partners or just explore the cutting-edge of technology, this 10-day series from Ann Arbor SPARK brings it all together.
Top economists gathering in the Rockies this year face seismic questions not just about near-term policy, but about the role of the world's most important central bank in a democratic society.
The big picture: At the Kansas City Federal Reserve's annual economic symposium, there is often a gap between the formal topic of discussion — this year, that's "Labor Markets in Transition: Demographics, Productivity, and Macroeconomic Policy"— and what people are really talking about in the hallways and during coffee breaks.
Walmart is feeling steady cost pressures from tariffs as it replenishes shelves with higher-priced goods — a squeeze that's beginning to shape customer behavior, CEO Doug McMillon said Thursday.
Why it matters: The impact of tariffs has been "gradual," McMillon said, but weekly costs are rising as inventory cycles through at post-tariff levels.
Almost every financial headline you read the next two days will mention Jackson Hole, the stunning Wyoming region that becomes the capital of the macroeconomic world every August.
But this year's gathering of central bankers and economists could be more important than it's been in a very, very long time.
The big picture: To set the scene, here are the basics you need to know about the event and what makes it worthy of so much attention.
U.S. and European officials released a joint statement on Thursday that outlined some details of a trade deal — including reduced tariffs on autos that will take effect once Europe eliminates its own tariffs on U.S. goods.
Why it matters: It is the only official text of the agreement since President Trump announced the deal in Scotland late last month.
Palantir, CoreWeave, Robinhood and other AI and crypto stocks are under pressure, as investors take their feet off the gas. Is it signal to buy?
Why it matters: Dip buying was so strong over the summer that significant declines rarely occurred. Here's how to think about when to buy into a stock that's off its highs.
One of Wall Street's oft-repeated adages — the stock market is not the economy — is more true "than ever" as stocks are near records while the economic vibes are mixed at best, says Trevor Slaven, global head of asset allocation at Barings.
Why it matters: The biggest companies in this market are getting large portions of their revenue fromeach otherrather than from consumers.
Forget job hopping, employees are now "job hugging," holding on tight to their current employer.
Why it matters: The labor market is grim at the moment. Hiring has stalled.And with fewer options, workers are planning to stick with their current employers, regardless of job satisfaction.
Wall Street's biggest fear was validated by a recent MIT study indicating that 95% of organizations studied get zero return on their AI investment.
Why it matters: Investors have put up with record AI spend from tech companies because they expect record returns, eventually. This study calls those returns into question, which could be an existential risk for a market that's overly tied to the AI narrative.
