Elon Musk, the CEO of Tesla (TSLA), believes that robotics and artificial intelligence may someday make civilization so productive that universal basic income would seem insufficient. His prediction is something much bigger: universal high income. Read more…
Energy crisis and soaring bond yields to stay in driver’s seat in quiet week. Fed minutes eyed after drop in October rate hike bets. ISM services PMI and Treasury auctions to be watched too. Canadian Read more…
Canada’s labour report for September on Friday will be the first full month of jobs data since U.S. Section 338 tariffs took effect on Aug. 22, offering important clues on their impact. Overall, we estimate Read more…
Markets The French OAT sell-off morphed into the key market theme this week. The 10-yr OAT-swap spread widened from 100 bps at the end of last week to a new all-time high at 145 bps Read more…
Bond market swings continue to be at centre stage in world markets. On Thursday the French government presented its 2027 budget bill that aims to curb the booming deficit back to 5% of GDP. Following Read more…
Retirees are just weeks away from learning how much their Social Security checks will grow when the new benefit year begins in January 2027. The Social Security Administration (SSA) will announce the 2027 cost-of-living adjustment Read more…
September’s US employment report was almost the cleanest dovish combination markets could have received. Payrolls rose just 29K against a 90K consensus, unemployment edged up to 4.2%, wages undershot and prior months were revised lower Read more…
Paychecks have a price. You pay for the first one with 40 hours a week and a commute. Very few people ever add up what the second paycheck costs. For most of the past decade, Read more…
Nonfarm payrolls rose by 29k in September, following a gain on 133k in August. This morning’s print came in well below consensus which called for a gain of 90k. The prior two months were revised Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal Diamonds may be a girl’s best Read more…