The United States is grappling with a significant economic data blackout, as a recent government shutdown has brought the release of crucial unemployment figures from the Bureau of Labor Statistics (BLS) to a grinding halt. This unprecedented situation has left economists, policymakers, and investors without a definitive pulse on the
The consumer discretionary sector is underperforming due to stock concentration in Tesla and Amazon, but smaller companies in the sector are quietly delivering steady gains.
Advanced Micro Devices’ shares ripped over 29% in Monday’s midday trade after the announcement of a multi-year deal with OpenAI for six gigawatts worth of AMD chips.
The financial world, seemingly addicted to a constant drip-feed of economic data, has repeatedly demonstrated a curious resilience when that flow is interrupted. During U.S. government shutdowns, when crucial indicators like GDP figures, employment reports, and inflation data are delayed or suspended, Wall Street has often not only weathered
Sources familiar with the matter told CNBC that despite the IRS role initially being intended as temporary, President Donald Trump has decided that he wants Bessent to continue leading the organization.
Despite recent volatility, breadth indicators improved slightly on Friday, October 3, continuing a slow recovery from last week’s dip. While short-term metrics show resilience, longer-term momentum remains tentative. The breadth trend shifts up a notch but still calls for cautious interpretation.
Wall Street is currently experiencing a fervent wave of optimism, dubbed 'Fed Cut Fever,' as hopes for aggressive Federal Reserve interest rate cuts dominate market sentiment. This bullish outlook has propelled major U.S. stock indices to fresh record highs, even as the nation grapples with an ongoing government
In a stark reminder of the fragility of economic intelligence, the United States once grappled with a government shutdown that significantly hampered the nation's ability to gauge its own economic health. Looking back from October 3, 2025, the October 2013 shutdown serves as a poignant historical case study, where the
Palantir Technologies’ shares were down nearly 5% in Friday’s midday trade after an internal army memo reportedly flagged “fundamental security” problems in a U.S. Army communications system that the company is working on.
According to a Reuters report, a memo drafted in September by Army Chief Technology Officer Gabrielle Chiulli describes the Next Generation Command & Control prototype as riddled with structural flaws.
