Chicago Fed President Austan Goolsbee said on Thursday that new data from his staff indicates the labor market remains stable. “I think it indicates some steadiness in the labor market, and I think the underlying economy is still growing pretty solidly,” Goolsbee said. He reiterated that rates could be lowered “a fair amount” if policymakers gain confidence that inflation is moving back toward the Fed’s 2% target. Also, Dallas Fed President Lorie Logan said she will approach further rate cuts with caution a ...

This story was originally published on Restaurant Dive. To receive daily news and insights, subscribe to our free daily Restaurant Dive newsletter. Dive Brief: Cracker Barrel has updated its organizational structure and appointed at least four executives to new or expanded roles, the company said in a Thursday press release. The chain also cut ties with Prophet, the global strategic and creative growth consultancy that advised Cracker Barrel on its refresh initiatives, including its recent logo and re ...

Key Points Solana is a smaller blockchain than Ethereum. But it's faster, cheaper to use, and suitable for larger-scale applications. It's also seeing its ecosystem apps get used a lot more. 10 stocks we like better than Solana › Although both are good cryptocurrency picks, Solana (CRYPTO: SOL) is the better investment compared to its arch-rival blockchain Ethereum (CRYPTO: ETH). Here are just three of the many reasons that's the case. Image source: Getty Images. 1. Users and app revenue are c ...

BlackRock Inc.’s Global Infrastructure Partners is in advanced talks to acquire Aligned Data Centers, targeting a major beneficiary of AI spending in one of the year’s biggest deals, according to people familiar with the matter. Most Read from Bloomberg Aligned, which is backed by Macquarie, could be valued at about $40 billion in a transaction, one of the people said. An agreement could be announced within days, the people added, asking not to be identified because the information is private. MGX, an A ...

Nvidia (NASDAQ:NVDA) is strengthening its alliance with Fujitsu to co-develop full-stack artificial intelligence infrastructure, a move aimed at accelerating enterprise adoption of AI across industries from healthcare to manufacturing and robotics. The collaboration centers on building industry-specific AI agents that continuously learn and adapt, forming what both companies describe as the foundation for the next phase of the AI industrial revolution. The effort will integrate Fujitsu’s Monaka Central Pr ...

A fascinating experiment is taking place in the US right now: 160 people are going to be given $12,000 in crypto over the next five months — with no strings attached. The initiative is a collaboration between Coinbase and the nonprofit GiveDirectly, which allows users to send money to the world’s poorest — with $95.5 million distributed to more than 140,000 people in the past year. All 160 of the individuals involved in this trial are 18 to 30 years old, and based in New York. They’re getting a lump sum ...

Circle reported $2.4 trillion in on-chain stablecoin activity across Asia-Pacific between June 2024 and June 2025, marking the region as the fastest-growing stablecoin market globally with 69% year-over-year growth. Speaking at Circle Forum Singapore, Yam Ki Chan, Circle’s VP for APAC, stated that 56% of institutions across Asia are already live with stablecoins, the highest adoption rate worldwide, actively transacting for payments, settlements, and treasury purposes. Singapore and Hong Kong have emerge ...

Federal Reserve Bank of New York President John Williams argued against the idea that central banks are resorting to unconventional tools when they seek to influence the economy through balance sheet policies. Most Read from Bloomberg Williams, in remarks prepared for an event in Amsterdam on Friday, said monetary policy is commonly understood through “the overly narrow lens” of setting short-term interest rates. “By implication, other monetary policy actions that have been used — such as forward guid ...

Best Buy Co., Inc. (NYSE:BBY) is one of the stocks Jim Cramer was recently focused on. During the episode, Cramer shared his insights on the company stock, as he commented: “Now, I wrote How to Make Money in Any Market over a period of two years. In the chapter on dividend stocks, I initially included Stanley Black & Decker and Best Buy as interesting prospects. Now, I think both of these are well-run companies, and they yield 4.5 and 5%, respectively. I took them out, though in the next pass, because unl ...

United Parcel Service, Inc. (NYSE:UPS) is one of the stocks Jim Cramer was recently focused on. Cramer highlighted his worry about the company’s high dividend yield. He said: “Pivot over to the transports, and you see UPS with the 7.76% yield. Management’s repeatedly told us their dividend’s a top priority. Iconic, trusted brand, really one of two in a nice duopoly, but I just can’t go there because that 7.76% yield is what I regard as a total red flag. I’m concerned that a real slowdown would force them ...