‘Low-hire, low-fire’: The U.S. job market is stagnant right now, economists say

Key Points

The U.S. job market is seeing a low rate of layoffs but also a slow pace of hiring among employers.
That comes amid signs of labor market strength overall: Unemployment is historically low, for example.
This means while employers are holding on to workers, job seekers are having a tough time.

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Finance

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Smaller companies are rising quickly to challenge Big Tech as AI ‘s best trade

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Kevin Hassett pivots to possible ‘Trump cards’ amid credit card battle with banks

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Key Points Kevin Hassett told Fox Business that U.S. banks could voluntarily provide credit cards to underserved Americans. President Donald Trump called for banks to cap credit card interest rates at 10%, an idea that has been roundly rejected by industry executives and their lobbyists this week. At least one major credit card issuer and […]