Claire Ballentine

1 week ago | news.bloomberglaw.com | Claire Ballentine

It’s a classic recession move: When the job market looks bleak, head to grad school. That’s what happened after the global financial crisis, and early signs suggest it could be happening again. Admissions consultants who guide students through applications, essays and test prep say interest is climbing fast. Official numbers won’t be in for months, but firms like Kaplan, Ivy Coach, IvyWise, Top Tier Admissions and Cambridge Coaching all expect a big year.

1 week ago | bloomberg.com | Claire Ballentine

The jobless rate for those ages 20 to 24 was at 7.5% last month, up 2 percentage points from a low in April 2023. (Bloomberg) -- It’s a classic recession move: When the job market looks bleak, head to grad school. That’s what happened after the global financial crisis, and early signs suggest it could be happening again. Admissions consultants who guide students through applications, essays and test prep say interest is climbing fast.

1 week ago | bloomberg.com | Enda Curran |Claire Ballentine |Mark Niquette |Daniela Sirtori

A customer checks the prices of dairy products at a grocery store in San Francisco. (Bloomberg) -- Donald Trump’s “Liberation Day” tariff announcement set off the most volatile stretch of his second term, with financial markets descending into chaos, China unleashing retaliatory measures and the US president pausing some levies only hours after they took effect.  The whiplash made for a dramatic reminder to shoppers and companies that Trump’s trade policy can change on a dime.

1 week ago | news.bloomberglaw.com | Enda Curran |Claire Ballentine |Mark Niquette |Daniela Sirtori

Donald Trump’s “Liberation Day” tariff announcement set off the most volatile stretch of his second term, with financial markets descending into chaos, China unleashing retaliatory measures and the US president pausing some levies only hours after they took effect. The whiplash made for a dramatic reminder to shoppers and companies that Trump’s trade policy can change on a dime. That unpredictability, economists say, is likely to be a drag on spending and investing.

2 weeks ago | news.bloomberglaw.com | Paige Smith |Claire Ballentine |Emily Mason

Adam Moelis and Ben Doyle had an outside-the-box business pitch: Many Americans struggle to build a savings habit but also enjoy spending money playing the lottery. What if they could combine a bank account with a sweepstakes to make savings more fun? The two entrepreneurs developed the idea with the help of Y Combinator, a storied tech incubator where business founders can hone their ideas and get them in front of venture capitalists. In 2020, Moelis and Doyle launched a finance app called Yotta.