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.
After weeks of market jitters, Federal Reserve Chair Jerome Powell gave Wall Street what it wanted—a clear rate-cut signal at Jackson Hole (CNN, Bloomberg). The result? The Dow soared
Can Europe keep growing if borders close? European Central Bank President Christine Lagarde spoke candidly at Jackson Hole, warning that foreign workers drove half of eurozone job growth since 2022,
Wall Street is wrestling with a dramatic AI sentiment shift: are we witnessing the start of an AI-fueled market crash or just a much-needed reset? The big tech selloff and
Will Trump’s new tariffs shake up US furniture—and your wallet? President Trump has announced that, within 50 days, a sweeping new tariff on imported furniture will be revealed,
Does the new US-EU trade pact solve more problems than it creates? The agreement has spared sectors like pharmaceuticals and chips from truly punitive tariffs — capping rates at 15% rather
Here’s a paradox: The top-line US numbers look okay — GDP is up 3% quarter-on-quarter, the S&P 500 keeps notching record highs, and companies like Microsoft and Nvidia
The stock market is caught in a holding pattern, awaiting Federal Reserve Chair Jerome Powell’s keynote speech at Jackson Hole. But there's a chill in the air:
Is the US labor market losing its balance? A jump of 11,000 in new jobless claims last week pushed the total to 235,000 — the highest since mid-June and
Why does inflation sting some countries—and families—more than others? Recent UK inflation data shows consumer prices up 3.8% in July, projected to crest 4% this fall—double
After powering this year’s market rally, tech stocks are now the biggest drag. US markets slipped for the fourth day as the Nasdaq slid 0.7% and the S&
What happens when central banks face a double threat: trade turmoil and stubborn inflation? The latest Federal Reserve meeting minutes reveal policymakers deeply divided. Most officials saw upside risks to
While the US and UK grapple with hotter inflation, Canada delivered a rare dose of relief: July inflation cooled to 1.7%, well below both June and expectations. A 16%