Andrew Ross SorkinThe U.S. Bureau of Labor Statistics has rescheduled the January employment report to February 11, following a government shutdown. The Job Openings and Labor Turnover Survey will now be released on February 9. Other economic indicators, including the consumer price index, are also delayed. Economists expect a rise in nonfarm payrolls by 60,000 jobs.
Andrew Ross SorkinE.l.f. Beauty exceeded third-quarter expectations, reporting adjusted earnings of $1.24 per share and revenues of $490 million, leading to a 15% surge in shares. The acquisition of Rhode significantly boosted sales, prompting an increase in the full-year revenue forecast by $42-50 million, reflecting strong international growth and market share gains.
Andrew Ross SorkinFamily offices are adjusting investment strategies in response to anticipated higher inflation and interest rates. A survey revealed that 64% view interest rates as a significant risk, while 61% cite inflation. Many are shifting toward real estate and alternative investments, with increased interest in AI. Most remain cautious about gold and hold substantial cash reserves.
Andrew Ross SorkinThe U.S. and India have formed a new trade agreement, reducing tariffs on Indian goods and promoting American purchases. Despite improved relations, Disney faces overseas attendance issues. U.S. stock markets rose, while cryptocurrency struggles continue. Consumer sentiment diverges globally, with contrasting concerns about inflation in the U.S. and deflation in China.
Andrew Ross SorkinAnton Ruddenklau, KPMG’s financial services head in Singapore, notes the city-state’s smooth business operations and strong nation-building mindset that supports economic growth. Despite its small market size, Singapore attracts investment due to its strategic location and stability. Analysts highlight its appeal as a safe haven with evolving opportunities, especially in fintech and equities.
Andrew Ross SorkinKevin Warsh, originally on the Federal Reserve Board from 2006 to 2011, has been nominated by President Trump to return under different conditions. Warsh is known for his critique of the Fed’s post-crisis strategy and may adopt a more hawkish stance on inflation. His confirmation faces potential Senate challenges but is anticipated to garner bipartisan support.
Andrew Ross SorkinInternational stocks are experiencing a resurgence, signaling a shift in investor behavior following a decade of underperformance compared to U.S. markets. Enhanced global economic conditions, favorable currency trends, and improved corporate governance in regions like Japan and Europe are driving renewed interest. Investors are increasingly reallocating funds to capture growth opportunities abroad.
Andrew Ross SorkinThe U.S. Bureau of Labor Statistics has postponed the January jobs report due to the ongoing partial government shutdown, affecting key economic data releases. With no new release date set, the BLS emphasizes the delay’s implications for employment figures and other economic indicators, pending federal funding restoration.
Andrew Ross SorkinPalantir CEO Alex Karp asserted that critics of U.S. Immigration and Customs Enforcement should support broader use of his company’s technology, citing its adherence to Fourth Amendment protections. His comments arise amid rising protests against ICE in Minneapolis. Karp emphasizes his software’s potential to enhance efficiency while safeguarding civil liberties.
Andrew Ross SorkinIn recent years, ultra-wealthy family offices have shifted toward direct investments in private companies, seeking transparency and control. Many adopt a hybrid model, co-investing alongside private equity funds to leverage expertise while avoiding high fees. Despite some limitations, this strategy allows families to navigate private markets more effectively and efficiently.
