State Control Is Replacing Resource Markets
Markets no longer clear energy and minerals cleanly, because states now control the bottlenecks that set inflation, industrial capacity, and defense readiness.
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.
U.S. jobless claims fall to 189,000, lowest since 1969
Weekly U.S. jobless claims fell 26,000 to 189,000, the lowest level since 1969.
March PCE inflation rises 3.5% and keeps the Fed on hold
Core PCE climbed 0.3% on the month and 3.2% year over year, the Fed’s key policy gauge.
U.S. economy held 2% growth in Q1 despite higher oil prices
The U.S. economy grew at a 2% annual rate in the first quarter despite the Iran war driving energy prices higher.
NBA asks CFTC to tighten prediction market rules as Senate bans trading
The Senate unanimously passed a rule banning members and staff from trading prediction markets, effective immediately.
Low jobless claims keep the Fed on hold as layoffs stay subdued
Weekly jobless claims fell to 189,000, the lowest level since 1969, and below economists’ 214,000 forecast.
U.S. PCE inflation rises 0.7% in March as gasoline prices jump
The Fed’s preferred inflation gauge rose 0.7% in March and 3.5% from a year earlier, the biggest annual gain in nearly three years.
U.S. economy grew 2% in first quarter as Brent oil hit about $120
Government outlays rebounded and business investment held up, helping keep GDP afloat despite the oil shock.
NBA asks CFTC for tighter prediction market rules
The NBA asked the CFTC for tighter limits on players, officials and team staff trading on prediction markets.
Economy Watch
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Market Pulse
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U.S. jobless claims fall to 189,000, lowest since 1969
Weekly U.S. jobless claims fell to 189,000, the lowest level since 1969, and continuing claims dropped to 1.79 million.