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5 days ago | finimize.com | Russell Burns

What’s going on here? The US factory sector slowed down in May, making it tougher for America to crank more growth off its assembly line. What does this mean? The “ISM manufacturing purchasers managers index” is a bit of a mouthful. But put simply, the survey measures activity levels in the manufacturing industry. And according to the index, there were a few feet resting on desks last month.

5 days ago | finimize.com

HSBC aims to bolster its asset management by diving deeper into private credit, challenging dominant private equity firms.

1 week ago | finimize.com | Russell Burns

9 minutes ago • 1 minGet smarter in 3 minutes a dayJoin the newsletter that everyone in finance secretly reads. 1M+ subscribers, 100% free. What’s going on here? US inflation cooled a bit in April, but likely not enough to warrant an intervention – divine or otherwise – from the Federal Reserve (Fed). What does this mean? The central bank’s favorite inflation gauge (sure, we all have one) rose just 2.5% for the year in April, down from 2.7% in March, and a bit closer to the Fed’s long-term 2% target.

1 week ago | finimize.com | Russell Burns

43 minutes ago • 2 minsGet smarter in 3 minutes a dayJoin the newsletter that everyone in finance secretly reads. 1M+ subscribers, 100% free. What’s going on here? A US federal court blocked the American president’s global tariffs – and the White House fought the ruling within minutes. What does this mean? The US president’s unprecedented tariffs on nearly every single country were, it turns out, a bit much. Even worse: unlawful, according to the Court of International Trade.

1 week ago | finimize.com | Russell Burns

What’s going on here? Data out on Tuesday showed that US consumer confidence picked up by the most in four years this month, showing that Americans might finally be feeling lucky again. What does this mean? Folk in the US had only been growing more pessimistic about the economy this year. But May marked a stark about-face: encouraged by the US-China tariff deal, consumer confidence rose for the first time since November – and not by a little, either.