Economy
Dallas’ Y’all Street is about to take another huge step forward. The Dallas-based Texas Stock Exchange, the first national securities exchange built in the Lone Star State, began test trading on its digital platform on Monday ahead of a live launch later this week. Kicking off a phased rollout throughout July, the official launch on…
The economy is still growing, but the margin for error is shrinking fast. That’s according to Moody’s Analytics chief economist Mark Zandi, who said his latest modeling puts the chance of a recession over the next year at about 40%, well above the typical baseline. “I expect in the most likely baseline scenario going forward…
By Kelly PerkinsSpecial Contributor, Novēm Wealth We’re hurtling through an unprecedented era: the Innovation Super Cycle. Picture a torrent of breakthroughs — AI reshaping everything from drug discovery to daily commutes, quantum computing tackling previously unsolvable problems, and biotech extending healthy lifespans. This isn’t hype. It’s a seismic shift akin to the Industrial Revolution, turbocharged by…
By Kelly PerkinsSpecial Contributor, Novēm Wealth As the federal government shutdown stretches beyond a month, the human cost is real: thousands of essential workers furloughed; families strained without paychecks, all amid partisan gridlock. This isn’t working for the country. Americans work to support our families, entrepreneurs tighten budgets to succeed and grow. Message to Washington: Cease…
By Kelly PerkinsSpecial Contributor, Novēm Wealth So we have a government shutdown. While there is a lot of finger-pointing and angry rhetoric, it’s really not much to be worried about. The markets are not reflecting any concerns. Historically, markets don’t react to government shutdowns and, in fact, typically do quite well after they are resolved. Our…
