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Key takeaway: Federal Reserve Bank of New York President John Williams said there is no “unusual” broadening of the effects of higher energy prices and that inflation expectations remain well anchored, suggesting a “wait-and-see” approach is appropriate. Expert quote: “I am actually seeing the trend in inflation moving slowly down as some of the effects…
Key insight: A study found that large language models endorse fintechs for small-business banking far more than they recommend traditional banks. What’s at stake: Banks could become invisible to entrepreneurs starting new businesses. Forward look: Companies can improve their chances of being recommended by an LLM by working on legibility. Banks, as well as other…
The S&P 500 Index ($SPX) (SPY) on Thursday closed up +1.66%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +1.19%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +3.36%. September E-mini S&P futures (ESU26) rose +1.65%, and September E-mini Nasdaq futures (NQU26) rose +3.28%. Stock indexes settled sharply higher on Thursday after strong growth at Microsoft reassured…
Asia rallies on chip rebound and Japan pension-flow hopes as Iran risk fades !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
Key insights: Affirm posted its most profitable quarter in its fourth fiscal quarter of 2026, and marked its 11th consecutive quarter of 30% or faster gross merchandise volume growth. What’s at stake: Affirm continues to see high consumer adoption rates while touching only a fraction of its total addressable market, which eventually will come at…
A sales progression company has launched what it describes as the UK’s first franchise model dedicated to the sector, targeting estate agencies and experienced progressors across England and Wales. Property Progressors, founded by former estate agent Natasha Candeias in 2022, will establish a network of locally based sales progressors operating under franchise agreements. Individual franchisees…