States, businesses and spiritual teams have challenged a Biden administration rule requiring greater firms to mandate vaccines or weekly testing for workers.Credit score…Gabby Jones for The New York Instances The Supreme Court explained on Wednesday night that it would hold a special hearing upcoming thirty day period to evaluate the […]
Inflation
As an investor, Ray Dailo eyes the rearview mirror to see what’s ahead. If this paradox makes sense, then you likely agree with the view of history that “those who cannot remember the past are condemned to repeat it.” Put another way, it’s hard to know where you’re going if […]
This week saw two key pieces of economic data: the lowest number of jobless claims since September 1969 and the highest inflation since June 1982. Jared Bernstein, longtime economic aide to President Biden, was keen to drop some trivia on the more flattering number, noting “‘Honky Tonk Woman’ by the […]
The hottest U.S. consumer inflation reading in almost 40 years is bringing a surprising sigh of relief in certain corners of the financial markets, where some were expecting a headline year-over-year number closer to 7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The relief was evident in investors’ appetite for U.S. Treasuries Friday morning after the government’s […]
Stock futures opened higher Thursday evening as investors awaited a key inflation report ahead of the Federal Reserve’s final policy-setting meeting of the year next week. Contracts on the S&P 500 gained. Earlier, the blue-chip index closed out the regular session in the red after three consecutive days of gains, […]
The United States faces a default sometime between Dec. 21 and Jan. 28 if Congress does not act to raise or suspend the debt ceiling, a Washington think tank warned on Friday. The projection from the think tank, the Bipartisan Policy Center, was a narrower window than it provided last […]