Worried about an AI bubble? Sign up to The Daily Upside to receive smart, actionable market news designed for investors. Like one family bound for Acadia National Park and another bound for Yosemite, consumers and financial markets entered Memorial Day weekend in opposite directions. A reading of consumer confidence tracked by the University of Michigan…
Quick reading Federal Reserve Chairman Kevin Warsh faces pressure to tighten monetary policy amid rising inflation (core PCE in the 91st percentile of trailing-12-month range) while maintaining political independence from President Trump, likely using quantitative balance sheet tightening rather than interest rate increases to avoid headlines. There is a significant disconnect between complacent options markets…
NEED TO KNOW Former Michigan coach Sherrone Moore was sentenced after pleading no contest to two misdemeanors: malicious use of a telecommunications device and criminal trespass, on March 6. The misdemeanor charges arose from an incident in which Moore allegedly confronted his former assistant Paige Shiver after she reported their “inappropriate relationship” to a University…
A month of war and rising gasoline prices has dented consumer confidence in the United States, leading to a steady decline across all age groups, income levels and political party affiliations, according to the latest University of Michigan Consumer Survey. Not only are Americans feeling worse about the current economy, but their expectations for next…
The University of Michigan men’s hockey team remained in first place in both national polls Monday, followed by North Dakota, Michigan State, Denver and Western Michigan. The Wolverines received all 50 first-place votes in the uscho.com poll and all 34 first-place votes in the USA Hockey NCAA Division 1 men’s hockey poll. Advertisement Further: Michigan…
For the 11th straight week, the University of Michigan men’s and women’s basketball teams are ranked in the top 10 of the AP Poll after each team beat Michigan State at the Breslin Center last week. The men’s team has now returned to the number 2 spot, while the women’s team moved up one place…
The Dollar Index (DXY00) rose to a one-week high on Friday and ended up +0.19%. The dollar rose on Friday amid weakness in the yen. Additionally, upbeat comments on Friday from New York Federal Reserve President John Williams supported the dollar as he said some of the data we’re seeing is “pretty encouraging” and that…
The American labor market has become one of the biggest questions in the economy. As the government shutdown stretches into its second month, now the longest in U.S. history, investors and government officials have been left in the dark. There are no employment reports, no JOLTS data, and no clear understanding of how hiring, wages,…
In an encouraging sign of growing optimism, both consumer confidence and the S&P 500 index are rising, signaling a possible economic recovery and a move away from a recession. The latest data from the University of Michigan shows a notable 13% increase in consumer confidence in July, marking the second consecutive month of improvement and…
