‘Big Short’ investor Steve Eisman is betting big on infrastructure. Here are his top picks
The investor who called and profited from the subprime mortgage crisis grew fond of infrastructure companies on the back of increased government spending.
Here’s where the jobs are for March 2024 — in one chart
Health care and government led hiring last month, while leisure and hospitality finally regained its pre-pandemic employment level.
Demand for french fries reflects resilient consumer as so-called fry attachment rate holds steady
The “fry attachment rate” remains above historical levels, a positive sign for the economy.
European markets close lower in lackluster short trading week; Ocado down over 8%
European markets closed lower Friday as investors wrap up a lackluster first trading week of the new quarter.
Iceland’s prime minister resigns, will run for president
Icelandic Prime Minister Katrin Jakobsdottir announced on Friday that she will resign from her post and run for president.
Job growth zoomed in March as payrolls jumped by 303,000 and unemployment dropped to 3.8%
Nonfarm payrolls were expected to increase by 200,000 in March and the unemployment rate was forecast to decrease to 3.8%.
McDonald’s will buy all 225 restaurants from Israel franchise following pro-Palestinian boycott fallout
Consumers in Muslim-majority countries have boycotted the brand over what they perceive to be its support for Israel, something the U.S.-based company denies.
Apple supplier Foxconn posts 9% fall in first-quarter revenue, sees growth ahead
Despite the fall seen in the first quarter, the company expects a better second quarter in terms of revenue.
Fed’s Kashkari raises prospect of zero rate cuts — but Goldman says that would be ‘very surprising’
Jan Hatzius, chief economist at Goldman Sachs, said Friday that he still expects three interest rate cuts from the Federal Reserve this year.
Economist El-Erian says the Fed has turned into a play-by-play commentator
The U.S. Federal Reserve has become too data dependent and has lost sight of its overall strategy, Mohamed El-Erian, chief economic advisor at Allianz, said Friday.
