BUSINESS AND MONEY
Helen Roscha 7, Aug 4 mins
4 mins
The Ritz Herald
© Ketut Subiyanto
CEO confidence recovered in the third quarter after collapsing in Q2, but fell short of signaling a return to optimism

The Conference Board’s Measure of CEO Confidence™, in collaboration with The Business Council, has shown a noticeable rebound in the third quarter of 2025, rising to 49 — a significant increase from the previous quarter’s low of 34. This upward movement suggests a recovery in sentiment, though it still reflects more negative than positive responses, as indicated by the threshold of 50.

The survey, conducted between July 14 and July 28, involved 122 CEOs and revealed that while confidence has improved, a sense of caution lingers. “The recovery in CEO confidence is a welcome sign after the steep decline in Q2; however, it does not yet indicate a return to full optimism,” stated Stephanie Guichard, Senior Economist at The Conference Board. The improvement is seen as part of an ongoing trend following easing tensions from tariff disputes between the US and China and positive developments in trade negotiations.

Notably, all three components that make up the Confidence measure displayed improvements. CEOs displayed a particularly sharp recovery in their assessment of current economic conditions. At the same time, their expectations for both the economy and their industries over the next six months also improved. Despite these positive signs, fears of a recession within the next 12 to 18 months fell significantly, dropping to 36% from an alarming 83% earlier in the year.

In the realm of business risks, trade, and tariff anxieties are now deemed less critical, ranking third behind geopolitical tensions and cyber threats, which remain top concerns for CEOs. Interestingly, the survey also revealed a growing challenge in finding qualified workers, with more CEOs experiencing difficulty in hiring compared to prior quarters. For the fifth consecutive…

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U.S. Economic Indicators Signal Mixed Trends as LEI Dips While CEI and LAG Show Growth
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The Evolving Landscape of Intellectual Property Law in the Digital Age: Strategies and Challenges
The Ritz Herald

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Graduates Rejoice: Realtor.com Unveils Top Rental Markets for 2025
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7 mins
Tor Martin Flesvik
The Ritz Herald
Gold's bull run: Insights from Tor Martin Flesvik on sustained gains amid fiscal concerns

Tor Martin Flesvik isn’t ready to call it quits on gold just yet.

The Partner at Knightsbridge Associates opened his recent market commentary with a tongue-in-cheek reference to Austin Powers’ Goldmember: “I love gold! The look of it! The smell of it! The taste of it! The texture!” But his message to investors is dead serious: Don’t be so quick to cash out of the precious metal.

With gold hovering near $3,400 an ounce in August, marking a 145% surge from its November 2022 lows, many fund managers are looking to book profits. “This is not an unreasonable move, given that the current bull run has yielded approximately 145% gains,” Flesvik acknowledges in his note to clients.

But he’s urging restraint. “However, I would caution against acting too hastily,” he writes. “While much of the momentum may have waned, further gains could still be forthcoming.”

What sets Flesvik apart from the crowd is his contrarian take on what’s actually propelling gold higher. While most analysts point to inflation fears, he’s having none of it.

“The prevailing belief that gold prices are primarily driven by inflation is misguided,” Flesvik states bluntly. “In my view, this bull run has little to do with inflation.”

The numbers…

4 mins
© Alexandros Chatzidimos
The Ritz Herald
Healthcare spending rises over five years in the U.S., but takes a smaller slice of salaries in most states

A recent study by Steno Health has revealed significant findings regarding healthcare spending in the United States over the past five years. While healthcare costs have steadily risen, many Americans are spending a smaller percentage of their salaries on these expenses compared to previous years.

The analysis highlights that healthcare costs increased by $1,589, or 20.9%, reaching an average of $9,195 per person in 2023. Despite this growth in expenses, the proportion of income spent on healthcare decreased from 14% in 2019 to 13% in 2023, largely due to a notable increase in wages.

The average annual salary rose from $55,567 to $69,418 during this period, marking a 24.9% increase. This wage growth has resulted in a reduced financial burden on households, despite rising healthcare prices. “The data shows a surprising bright spot in healthcare affordability,” said Alex Milani, medical director at Steno Health. “Though medical costs keep climbing, they’re taking a smaller bite out of the average paycheck.”

However, the study also reveals significant disparities by state. Kentucky and Louisiana are the only states where residents now spend a higher percentage of their income on healthcare than they did five years ago. In Kentucky, the percentage increased from 16% to…

Matthew H. Fleeger’s Strategic Innovation at Gulf Coast Western Reshapes Oil Exploration
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Qatar Airways Makes Aviation History With Record-Breaking Order for 210 Boeing Jets
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In a groundbreaking move that is set to reshape the aviation industry, Qatar Airways has finalized a historic order for up to 210 widebody jets from Boeing . This monumental agreement, which includes the largest acquisition of 787 Dreamliners in the airline’s history, marks the biggest widebody order…

Boeing Leads Defense Sector Rally; Ramdedovic Discusses Investment Implications
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Respected across the financial sector for his precise, disciplined investment philosophy, the man behind some of the most talked-about tech and energy calls of the last decade has again turned heads. Known for his conservative yet consistently profitable strategies, Ramdedovic, whom we had the opportunity to interview earlier this…

Best Trust Companies 2025: Ken Lako’s Data Driven Approach to Humanizing Wealth Management
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At Members Trust Company (MTC), President and CEO Ken Lako has cultivated a distinctive approach to wealth management that balances sophisticated data analysis with genuine human connection. This methodology has earned MTC recognition as one of America’s Most Advisor Friendly Trust Companies for 2025, positioning the organization as…

Americans Face Financial Risks as Lifespans Increase: Urgent Need for Better Retirement Planning
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As the U.S. Census Bureau projects that the number of Americans reaching the age of 100 is set to quadruple by 2054, new research reveals a concerning gap in financial planning amidst this surge in longevity. According to a recent study conducted by the Nationwide Retirement Institute…

3 mins
The Ritz Herald
San Francisco, CA. © Jeriden Villegas
Private sector employment increased by 104,000 jobs in July 2025; Annual pay was up 4.4%
By / Enterprise Editor

The latest ADP National Employment Report indicates positive momentum in the U.S. labor market, revealing that private sector employment increased by 104,000 jobs in July. This growth is accompanied by an overall 4.4 percent increase in annual pay, reflecting a robust economic landscape.

Produced by ADP Research in partnership with the Stanford Digital Economy Lab, the ADP National Employment Report serves as a comprehensive measure of the labor market based on anonymized weekly payroll data derived from over 25 million private-sector employees across the nation. The report also captures nearly 14.8 million individual pay change observations each month, offering a detailed and high-frequency overview of employment trends.

Dr. Nela Richardson, ADP’s chief economist, commented, “Our hiring and pay data are broadly indicative of a healthy economy. Employers have grown more optimistic that consumers, the backbone of the economy, will remain resilient.”

Change in U.S. Private Employment:     104,000

Change by Industry

– Goods-producing:     31,000

  • Natural resources/mining     9,000
  • Construction     15,000
  • Manufacturing     7,000

– Service-providing:     74,000

  • Trade/transportation/utilities     18,000
  • Information     9,000
  • Financial activities     28,000
  • Professional/business services     9,000
  • Education/health services     -38,000
  • Leisure/hospitality     46,000
  • Other services     2,000

Change by U.S. Regions

– Northeast:     -18,000

  • New England     -13,000
  • Mid-Atlantic     -5,000

– Midwest:     18,000

  • East North Central     6,000
  • West North Central     12,000

– South:     43,000

  • South Atlantic     44,000
  • East South Central     18,000
  • West South Central     -19,000

– West:     75,000

  • Mountain     32,000
  • Pacific     43,000

Change by Establishment Size

– Small establishments:     12,000

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On a quarterly basis, home prices rose 0.3 percent and 2.0 percent in Q2 2025 on a seasonally adjusted and non-seasonally adjusted basis, respectively

As we transition into mid-2025, the real estate market continues to navigate through various challenges and opportunities. A recent report from Fannie Mae’s Home Price Index (FNM-HPI) reveals some noteworthy trends in single-family home prices across the United States. The latest figures indicate that home prices increased by 4.1 percent from the second quarter of 2024 to the second quarter of 2025. While this growth remains positive, it marks a slight decline from the previous quarter’s year-over-year increase of 5.0 percent, hinting at a trend of deceleration in home price growth since the beginning of the year.

The FNM-HPI offers an insightful perspective by measuring the average quarterly price change for all single-family homes, explicitly excluding condominiums. This comprehensive index reflects the dynamics of the housing market and serves as a crucial indicator for potential buyers, sellers, and investors. The index aggregates data at the county level to construct both seasonally adjusted and non-seasonally adjusted national indices. This approach ensures that the FNM-HPI accurately represents home price movements nationwide, taking into account variations across different regions and economic conditions.

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Residential Real Estate Markets Show Resilience in 2025

Di Angelis / RH
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