Economy

“Janet Yellen: Covid stimulus may have contributed ‘a little bit’ to inflation”

“Treasury Secretary Janet Yellen said that Biden-era stimulus spending may have contributed “a little bit” to the country’s subsequent inflation woes. But the widespread rise in prices was mostly “a supply-side phenomenon” caused by the Covid-19 pandemic itself, Yellen told… Continue Reading…

Stocks

“Bed Bath & Beyond, AMC rally with GameStop as little investors squeeze hedge funds in more stocks”

“Shares of Bed Bath & Beyond are popping 36% and shares of AMC Entertainment are soaring 30% on Monday, as individual investors pile into the names while hedge funds rush to cover their losses from shorting the stocks. The pair… Continue Reading…

Economy, Stocks

“August was a month to forget for investors. September may be little better”

“US stocks on Thursday had their best day in roughly two weeks on hopes that trade tensions between the United States and China could ease… August is shaping up to be the second worst month for stocks this year, in sharp contrast… Continue Reading…