Traditionally, gasoline prices in the United States peak just ahead of the July 4 holiday as consumers get ready to hit the road and vacation season begins. But this year is shaping up to be a different story. Because of supply conditions and easing demand, domestic gasoline prices peaked at $3.67 per ... READ MORE >
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The future of voluntary carbon markets: A pathway to corporate decarbonization
Voluntary carbon markets have long been touted as an important mechanism for driving emissions reductions. By allowing businesses to purchase carbon credits, which represent verified reductions in greenhouse gases, voluntary carbon markets can theoretically accelerate the transition to a low-carbon ... READ MORE >
Key trends from Q1 2024 asset management earnings calls
A competitive fundraising environment, shifting retirement income needs, continued private credit demand and economic headwinds are continuing to shape the landscape for asset managers. Here’s a closer look at the top trends and headwinds that emerged from asset management firms’ first-quarter earnings ... READ MORE >
Consumer sentiment falls more than expected
Consumer sentiment dropped to 65.6 in June, a seven-month low, which was much less than expected with declining sentiment on personal finances as the focus, according to the University of Michigan survey released on Friday. The subindex for personal finances fell to 79, the lowest since October. The ... READ MORE >
PCE inflation preview: From noise to norm, rate cuts are on the horizon
Following the release of the consumer price index and producer price index this week, we are now forecasting a 0.084% increase in the May personal consumption expenditures index, translating to a 2.6% increase on a year-over-year basis. This will appear in the forecast table as a 0.10% estimate. But we ... READ MORE >
5 things to know in life sciences: Week of June 10, 2024
Each week we highlight five things affecting the life sciences industry. Here's the latest. Embracing inclusivity: How biopharmas connect with LGBTQ+ employees Biopharma companies are increasingly creating inclusive workplaces through employee resource groups (ERGs), with 75% of employers now having ... READ MORE >
Initial jobless claims jump as inflation continues to improve
Initial jobless claims jumped to 242,000 for the week ending June 8 from 229,000 the week before, the Labor Department reported on Thursday. The latest figure was the highest level in almost a year, nearing the threshold of 250,000 that in our view signals conditions for a possible recession. It ... READ MORE >
FOMC holds rates steady but is divided on their direction
The Federal Open Market Committee kept its policy rate in a range between 5.25% and 5.5% at its meeting on Wednesday while signaling through its dot plot forecast of interest rates that the committee would support at least one 25 basis-point rate cut this year. But the committee was split on the ... READ MORE >
Top 5 takeaways from MLC’s June manufacturing conference
From securing connected operations in the age of edge computing to easing the burden of technical debt, manufacturing executives converged in Marco Island, Florida, last week to discuss the industry's most pressing issues. The focus of the Manufacturing Leadership Council’s 2024 Rethink conference—also ... READ MORE >
U.S. consumer price index cools in May as gas and transportation costs decline
A gradual cooling in inflation in May because of a 3.6% decline in gasoline prices, a 1.1% drop in transportation costs and 0.5% easing in the cost of new vehicles shows that the rise in inflation at the start of the year was more noise than signal. Overall, the consumer price index increased by 3.3% ... READ MORE >