U.S. stocks rose slightly on Wednesday, steadying after recent selling sparked amid growing concerns about the impact of inflation on company profits and the broader economy. Traders also awaited the Federal Reserve’s meeting minutes later in the day, which may help further clarify the path of monetary policy in the […]
Meeting
Munger blasts calls for separate Berkshire chairman and CEO Berkshire Hathaway Vice Chairman Charlie Munger had some stern words in response to a proposal to oust CEO Warren Buffett as chairman. “It’s the most ridiculous criticism I ever heard,” Munger said. “It’s like Odysseus would come back from winning the […]
Economists have been ready for People to shift from buying products, like home furniture and appliances, and toward investing on vacations, cafe foods and other providers as the pandemic fades, betting the changeover would consider strain off offer chains and assistance inflation to reasonable. Fast wage growth could make that […]
ImageThe future of Jerome H. Powell as the Fed chair is being debated within the Biden administration, complicating the decision on rates.Credit…Stefani Reynolds for The New York Times The Federal Reserve’s November policy statement, which will be released on Wednesday afternoon, is expected to include plenty of news about the […]