44% of households say finances worsened in New York Fed May survey
About 44% of households said they were financially worse off than a year ago, the highest share since January 2023.
3 min read
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Fresh coverage on the economy, markets, and the forces moving money.
Factories, Restaurants and City Halls Add Workers as Hiring Widens
Employers added more than half a million jobs from March through May, a sharp shift from last year’s slowdown.
1 min read
Bitcoin traders watch $50,000 after repeated failures near $60,000
The cryptocurrency is trading near $60,000, a psychological level that previously drew buyers and sits close to its 200-week moving average at $61,778.
1 min read
Consumers see weaker finances and job prospects in NY Fed May survey
The share of households saying they are worse off financially rose to 43.7%, the highest since January 2023.
3 min read
ECB to raise deposit rate 0.25 percentage point to 2.25% on Thursday
Economists expect the ECB to raise its deposit rate by 0.25 percentage point on Thursday to 2.25%.
1 min read
ECB Set to Raise Key Rate for First Time Since 2022
A Reuters poll found 74 of 80 economists expect a 25-basis-point hike to lift the deposit rate to 2.25%.
1 min read
Private Payrolls Add 122,000 Jobs in May, But Fed Holds Rates at 6.75%
Private employers added 122,000 jobs in May, the strongest hiring month since January 2025, with gains spread across eight of ten sectors.
2 min read
May Jobs Report Shows 122,000 Gains as Fed Grapples With Inflation
Workers' wages are lagging price growth, with average hourly earnings up 3.6% annually while prices jumped 3.8%, compressing household purchasing power.
2 min read
How TSMC Achieved 59.9% Gross Margin as AI Nodes Eclipse Smartphones
TSMC's commitment to a pure-play foundry model has concentrated market power, allowing it to claim 69.9% of the global foundry market and command a 59.9% gross margin in 2025.
4 min read
Nvidia overtakes Apple as largest customer at TSMC where top 10 accounts yield 76%
TSMC's dedicated foundry model pools rival chip designers to amortize massive fab costs, driving gross margins to 66.2% by renting out the world's scarcest leading-edge capacity.
4 min read
TSMC Grows Gross Margin to 59.9% as Fabless Chip Designers Rely on Its Nodes
TSMC leverages its neutral foundry model to turn product design risks into a manufacturing annuity, yielding a 59.9% gross margin in 2025.
5 min read
Federal drug pricing policies force GLP-1 margin compression and volume dependency
Federal price caps limiting GLP-1 treatments to $350 monthly force pharmaceutical companies to trade premium margins for mass-market volume.
5 min read