Shares of many large private-asset managers peaked around late 2024 or early 2025, following a long surge. Now, after recent sharp price drops, those firms’ shares are each down by at least 30% since the start of 2025.

In 2008, banks originated around 60% of mortgages and serviced about 95% of mortgage balances. As of 2023, banks originated 35% of mortgages and serviced 45% of mortgage balances.

The U.S. produced only 1.2 million jobs in 2024, versus the previously estimated 2 million. The labor market slowed even more to add just 181,000 jobs last year, versus the previously estimated 584,000.

Households’ stock wealth is now equal to almost 300% of their annual disposable income, compared with 200% in 2019.

The number of jobs people quit in December came to 3.2 million, well below the 4.5 million hit in March 2022. The quits rate, which measures quits as a share of employment, was 2%, well short of the 2.3% it averaged in 2019, before the pandemic.

U.S. job openings decreased by 386,000 roles in December, reaching their lowest level since September 2020.

SpaceX and xAI tie up to form a $1.25 trillion company.

U.S.-based employers announced 1.2 million job cuts in 2025, the highest annual figure since 2020, with tech and warehousing sectors leading.

U.S.-based employers announced 1.2 million job cuts in 2025, the highest annual figure since 2020, with tech and warehousing sectors leading.

Financier Ross Stevens will give $200,000 to each U.S. Olympic and Paralympic athlete, regardless of performance. Half will come 20 years after their first qualifying Olympic appearance or at age 45, whichever comes later. Another $100,000 will be in the form of a guaranteed benefit for their families after they pass away.