Latinas contributed $1.3 trillion to U.S. economy, new report says. That number could be even bigger

Latinas contributed .3 trillion to U.S. economy, new report says. That number could be even bigger

Key Points

Latinas contributed $1.3 trillion to 2021 U.S. gross domestic product, up from $661 billion in 2010, according to a recent report funded by Bank of America.
The economic output of Latinas was more than Florida’s economy that year, with only the GDP of California, Texas and New York being larger.
Still, some economists believe that Latinas’ total contribution to the country’s GDP could actually be more than what’s being reflected in the data.

Source

Finance

JPMorgan Chase-led bank group reins in credit line to troubled KKR private credit fund as losses mount

May 11, 2026

Key Points JPMorgan-led lenders cut FS KKR Capital’s credit facility by roughly $648 million, or 14%, while raising borrowing costs. FS KKR reported deepening losses and announced a $300 million support package from KKR for the troubled BDC days after the credit-line amendment. The fund, known by its ticker FSK, reported roughly $560 million in […]

Finance

Michael Burry is not a believer: ‘For any stocks going parabolic reduce positions almost entirely’

May 11, 2026

Key Points Michael Burry said investors should “reject greed” as enthusiasm around artificial intelligence and momentum-driven trades pushes valuations sharply higher. “An easier way for most is to simply reduce exposure to stocks, to tech stocks in particular. For any stocks going parabolic reduce positions almost entirely,” Burry wrote. Source

Finance

Stocks making the biggest moves premarket: Moderna, Lumentum, Intel, monday.com & more

May 11, 2026

Check out the companies making the biggest moves premarket: Moderna — The biotechnology company was up almost 9% after a U.S. citizen tested positive for the hantavirus. Another American had symptoms for the virus, but had yet to test positive, the Associated Press reported . Moderna last week announced that it was in the early-stage […]