Pittsburgh’s Plow Problem

ADP Employment Report Signals Biggest Job Additions In 15 Months In April With non-farm payrolls looming, we get another glimpse at the labor market today from the ADP Employment Report which shows the US economy added 109k jobs in April (a slight disappointment relative to +120k exp). That is the tenth straight month of job additions and strongest monthly addition since January 2025... Source: Bloomberg Under the hood, Goods-producing jobs rose 15,000 while Service-providing jobs rose 94,000. "Small and large employers are hiring, but we're seeing softness in the middle," said Dr. Nela Richardson Chief Economist,...

From Par To Pennies Submitted by QTR's Fringe Finance Private credit’s reckoning is not arriving with one grand, spectacular crash. It is arriving slowly and steadily, one loan at a time. For years, one of private credit’s great attractions was the remarkable stability (or perceived stability) of its valuations. Public bonds could fall ten points in a week. Leveraged loans could gap lower after a bad earnings report. But private loans somehow possessed the soothing ability to remain at 98, 99 or 100 cents on the dollar through almost anything, all while paying investors...

Here's Where The Nation's Hottest Housing Markets Are The US housing market's top 10 hottest ZIP codes this year are all located in the Midwest and Northeast for the fourth consecutive year  - as tight inventories due to limited homebuilding has fueled competition, according to a Monday report from Realtor.com.  A builder works on a commercial property under construction in Peabody, Mass., on Jan. 12, 2015. Peabody is the nation's hottest housing market, according to Realtor.com. Elise Amendola/AP Photo The top 10 - as measured by buyer demand gauged by unique views and...