Inflation in the U.S. is likely to be “far stickier” and could last a decade, according to Bill Smead, chief investment officer at Smead Capital Management.
Shut out from their top destinations, Chinese travelers are going here instead
Visa difficulties and high-profile rows with South Korea and Japan are pushing many Chinese travelers to opt for vacations to Southeast Asia.
Chinese travelers are choosing Southeast Asia over East Asia
Data from Ctrip shows Chinese travelers are going to Southeast Asia rather than East Asia right now, namely Thailand, Singapore, Malaysia, the Philippines and Indonesia.
‘Fed is not your friend’: Wells Fargo delivers warning ahead of key inflation report
Wells Fargo Securities’ Michael Schumacher believes Fed policy is working against equity investors regardless of this week’s inflation data outcome.
Stocks making the biggest moves after hours: Avis, Palantir, Cadence Design and more
These are the stocks posting the largest moves in post-bell trading.
House lawmakers relaunch the SALT caucus. Here’s what to know about the $10,000 deduction limit for state and local taxes
A group of bipartisan House representatives relaunched the SALT caucus last week, calling for relief from the $10,000 state and local taxes deduction limit.
Inflation report due Tuesday has the potential to deliver some bad news
All market eyes Tuesday will be on the release of the Labor Department’s consumer price index.
Stocks making the biggest moves midday: Zillow, Microsoft, Meta, Fidelity National and more
These are the stocks posting the largest moves midday.
Paxos ordered to cease minting Binance stablecoin by New York regulator
New York state regulators ordered Paxos to stop creating new BUSD stablecoins, Binance CEO Changpeng Zhao said Monday.
Ukraine plots post-war rebuilding effort with JPMorgan Chase as economic advisor
One year into its conflict with Russia, which invaded Ukraine in February 2022, Ukraine’s government is laying the groundwork to help rebuild the country.