Record High PricesProducer prices for machinery and supply wholesalers climbed to a new high in September, rising 2% compared to a year ago, according to the latest US Bureau of Labor Statistics data. Sales for machinery and
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Fearing Budget Cuts, Government Lawyers Jump to Private SectorSome legal recruiters report that President-elect Trump’s plans to trim the ranks of government workers are prompting some rank-and-file government lawyers to look for work in the private sector,
Housing Market May Not Rebound in 2025The 2024 housing market is on track to be the slowest in nearly 30 years as high mortgage rates and home prices combined with extremely low housing inventories have kept homeowners
Investment Banking Revenue IncreasesCitigroup, Bank of America, and Goldman Sachs reported that their third quarter investment banking businesses’ revenue increased 44%, 18%, and 20% year over year, respectively. JPMorgan Chase and Wells Fargo reported increases of 30%
Housing Market May Not Rebound in 2025The 2024 housing market is on track to be the slowest in nearly 30 years as high mortgage rates and home prices combined with extremely low housing inventories have kept homeowners
Rising Producer PricesProducer prices for oil and gas drilling services rose 3.3% in July compared to a year ago after rising 5.1% in the previous July-versus-July annual comparison, according to the latest US Bureau of Labor Statistics
Rising Wholesale Prices US wholesale prices rose by a larger-than-expected 2.6% in June from a year earlier, a sign that some inflation pressures remain elevated, according to the Labor Department. The June rise in wholesale prices was
Firms Raise Fees Investment bankers and securities brokers slightly increased their prices during the first quarter of 2024, according to the US Bureau of Labor Statistics (BLS). Investment banking and securities brokerage industry employment decreased slightly during
Single-Family Home Sales RiseNew single-family home sales rose 10.6% month-over-month and were up 5.9% year-over-year in July 2024, according to the US Department of Commerce. July’s rise in home sales marked the biggest gain in more than
Law Firm Revenues Rise Driven by robust billing rates and rising demand, revenue at US law firms increased 11.4% in the first half of 2024 compared to the same period in 2023, according to Wells Fargo’s Legal
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