Prosperity Partners Blog
A Muddy Jobs Report
The recent pickup in job growth is welcome news for job seekers. But June’s jobs report left more questions than answers. Here’s why.
1776 to Today: Reflections on the Fourth of July
As the United States approaches the 250th anniversary of its founding—a milestone known as the Semiquincentennial—the Declaration of Independence remains as important as ever.
There’s a New Sheriff in Town
The Federal Reserve surprised no one by holding its key rate, the fed funds rate, at 3.50–3.75%.
The Latest on Inflation
The latest Consumer Price Index (CPI) report from the U.S. Bureau of Labor Statistics (BLS) provided investors with a modest sense of relief when it was released last Wednesday.
Hiring Ramps Up
Well, that was a pleasant surprise. The US Bureau of Labor Statistics (BLS) reported that nonfarm payrolls rose by 172,000 in May, more than double the 80,000 economists had expected, according to a Wall Street Journal survey.
An AI Boost to Jobs
What’s driving bond yields higher? Since the recent low, the 10-year Treasury yield has climbed nearly three-quarters of a percentage point. The 10-year is a key benchmark because many borrowing rates, including mortgage rates, closely track its movements.
Bond Yields on the Rise
What’s driving bond yields higher? Since the recent low, the 10-year Treasury yield has climbed nearly three-quarters of a percentage point. The 10-year is a key benchmark because many borrowing rates, including mortgage rates, closely track its movements.
A Profits Gusher
S&P 500 corporate profits are surging in the first quarter, helping to push both the S&P 500 Index and the tech-heavy Nasdaq Composite to new highs this month.
April Flowers: A Brighter Jobs Picture
On Thursday, the US Bureau of Economic Analysis reported that Gross Domestic Product (GDP), the largest measure of goods and services, expanded at an annual rate of 2.0% in the first quarter.
AI Boom Lifts GDP, Stocks Reach New Highs
On Thursday, the US Bureau of Economic Analysis reported that Gross Domestic Product (GDP), the largest measure of goods and services, expanded at an annual rate of 2.0% in the first quarter.
Retail Sales Surge on Higher Gasoline Prices
The Nasdaq hit fresh record highs on Wednesday, Thursday, and Friday, capping off a strong week for tech stocks. On Wednesday, the S&P 500 also made history, closing above 7,000 for the first time. It kept building on those gains through the end of the week.
Stocks Rise to New Highs
The Nasdaq hit fresh record highs on Wednesday, Thursday, and Friday, capping off a strong week for tech stocks. On Wednesday, the S&P 500 also made history, closing above 7,000 for the first time. It kept building on those gains through the end of the week.