GDP Revision Bolsters AI-Led Growth Case
NVDA -0.70%AMAT -2.71%TSM +1.42%Moves based on latest close • Data via Yahoo! Finance On Sept. 25, the Commerce Department’s final estimate revised second‑quarter
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Ben Carter
Ben Carter is a staff writer at P&L, covering markets, dealmaking, and public companies. He previously worked in equity research, focusing on valuation, earnings, and IPOs.
Stocks Climb Despite the Shutdown
SPY -0.00%NVDA -0.70%AAPL +0.35%MSFT +0.31%PLTR -7.47%HUM +10.56%TSLA -1.42%Moves based on latest close • Data via Yahoo! Finance
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Data Blackout Threatens Key Releases
Today, the federal government shutdown has put the release of the crucial monthly jobs report and other economic statistics at risk, potentially leaving markets and policymakers without official data for
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Shutdown And Tariff Risks
With the Oct. 1 funding deadline looming, lawmakers have yet to reach a deal and a federal government shutdown is a real risk that could begin next Wednesday if appropriations
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Stocks Bounce After PCE
Friday, U.S. equities rallied after the in‑line PCE print helped calm immediate worries that inflation was re‑accelerating; the market shrugged off a run of tariff headlines and
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PCE: Inflation In Line
Friday, the Bureau of Economic Analysis reported the August Personal Consumption Expenditures price index rose 0.26% month‑over‑month and 2.7% year‑over‑year, roughly matching economist forecasts
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New York Begins Inflation Checks
Starting Friday, New York began mailing its first statewide inflation refund checks to eligible residents as part of a one‑time program funded by excess sales‑tax receipts. State announcements
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Tariffs, H‑1B Fees and Political Risk
This week, the White House announced a sharp set of trade and immigration moves that are already reverberating through markets: a proposal to impose up to a 100% tariff on
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Stocks Bounce, Volatility Lurks
Friday, US equities rallied as the in‑line PCE reading removed one tail‑risk: the major indexes rose with the Dow up about 0.7%, the S&P 500
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PCE Steady, GDP Revised Higher
Friday, the Bureau of Economic Analysis’ PCE release showed the Fed’s preferred inflation gauge rose 2.7% year‑over‑year in August, with the core PCE (ex food and
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Growth and Jobs: Resilient Data
Yesterday, the Commerce Department’s final revision showed the U.S. economy expanded at an annualized 3.8% pace in Q2 — a material upgrade from earlier estimates and evidence of
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