U.S. job market slows, but it’s not yet a ‘three-alarm fire,’ economist says

Key Points

Employers added 142,000 jobs in August, less than expected. The unemployment rate declined to 4.2%, according to the Bureau of Labor Statistics jobs report.
The U.S. job market has slowed considerably over the past year or so. The Federal Reserve has raised interest rates to tame inflation.
If the labor market continues to cool at this rate, the economy would likely be at risk of recession, economists said.

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Finance

SEC is close to ending mandatory quarterly earnings reports that Trump called for

May 5, 2026

Key Points The Securities and Exchange Commission formally proposed a rule change that would allow companies to file semiannual reports on a new form 10-S in place of the traditional quarterly10-Qs. The move brings regulators closer to a structural change that Trump has advocated, arguing that mandatory quarterly reporting encourages a short-term mindset and distracts […]

Finance

After Coinbase, prediction market traders forecast more tech layoffs ahead

May 5, 2026

Key Points Traders on Kalshi give nearly 92% odds to tech layoffs in 2026 totaling more than they did in 2025. Polymarket traders give that a 87% chance of happening. In 2025, layoffs in the information sector totaled 447,000. In the first three months of 2026, there have already been 178,000. Source

Finance

Michael Burry sells GameStop after Ryan Cohen’s hefty eBay bid: ‘Never confuse debt for creativity’

May 5, 2026

Michael Burry dumped his entire stake in GameStop after the company’s audacious bid for eBay , saying the deal’s heavy leverage shattered the investment case he had been building. “I sold my entire GME position,” Burry said in a Substack post late Monday. “Any which way I sliced it, the Instant Berkshire thesis was never […]