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The nation’s economic steward said it will back off of using the word “transitory” to describe the fast pace of price increases, as Federal Reserve policymakers acknowledge the increasing risk of more persistent inflation. “We tend to use [the word transitory] to mean that it won’t leave a permanent mark in the form of higher inflation,” Fed Chairman Jerome Powell told Congress on Tuesday. “I think it’s probably a good time to retire that word and try to explain more clearly… Source link

The Los Angeles Rams are going to go through the entire month of November without a win.  That’s a little misleading because the Rams had a bye this month, but it was still a lost month for a team that did not expect to drop many games this season.  We’re two-thirds of the way through the season, and it’s time to wonder what the Rams really are. They’re 7-4, two games behind the Arizona Cardinals in the NFC West and the Cardinals already won at Los Angeles. After a three-game losing streak,… Source link

Home price growth in the U.S. is starting to decelerate. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 19.5% annual gain in September, down from 19.8% from August. The 20-City Composite posted a 19.1% annual gain, down from 19.6% a month earlier. The 20-City results came in lower than analysts’ expectations of a 19.3% annual gain, according to Bloomberg consensus estimates. “If I had to choose only one word to describe September… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, November 30, 2021 Investors are less spooked by the virus than officials’ reaction to it Out of nowhere last week, the Omicron variant of COVID-19 appeared out of nowhere to sow fear, confusion — and lots of red ink on Wall Street.  As the World Health Organization’s director general so eloquently phrased it, the mutation’s big… Source link

The Federal Trade Commission said Monday that it is investigating the causes behind ongoing supply chain disruptions and how they are “causing serious and ongoing hardships for consumers and harming competition in the U.S. economy.” The FTC said it is ordering Walmart, Amazon, Kroger, other large wholesalers and suppliers including Procter & Gamble Co., Tyson Foods and Kraft Heinz Co. “to turn over information to help study causes of empty shelves and sky-high prices.” Orders also are… Source link

Stock futures opened higher on Monday to hold onto gains after a recovery rally, with investors at least temporarily shaking off concerns over a new coronavirus variant and looking ahead to new market catalysts.  Contracts on the S&P 500, Dow and Nasdaq rose. Each of the three major indexes had ended the regular trading day solidly in the green, with technology stocks leading the way higher and helping pull the Nasdaq up by nearly 2%.  Investors were heartened by remarks from the White… Source link

Microsoft CEO Satya Nadella at the company’s shareholders meeting in 2015. (GeekWire File Photo.) Microsoft CEO Satya Nadella sold half of his stake in the company in a series of transactions last week, divesting about 840,000 shares for a sum of more than $285 million, according to a regulatory filing. Nadella sold the shares “for personal financial planning and diversification reasons,” the Redmond-based company said in a statement Monday afternoon. “He is committed to the continued… Source link

Wharton’s Jeremy Siegel warns that stocks could drop 10% as soon as December — hold fast with these 3 ‘conservative’ tech picks The stock market could suffer a 10% correction as early as December if the Federal Reserve starts cracking down on inflation, a respected author and professor of finance says. With inflation hitting a 30-year high of 6.2% in October, Jeremy Siegel expects the Fed will finally roll up its sleeves at its next meeting. That could mean the end of low interest… Source link

DUBLIN, Nov. 29, 2021 /PRNewswire/ — The “Managed and Professional Security Services Market in the Americas, Forecast 2025” report has been added to ResearchAndMarkets.com’s offering. Research and Markets Logo The market demand will shift from legacy managed security services, such as managed firewalls, to the new generation of solutions like MDR/XDR and SOC-as-a-service. The analyst predicts that the transition will happen faster in North America than elsewhere in the world. The demand for… Source link

Blue states will get bluer, and red redder, in coming years, as more Americans factor political issues into their relocation decisions and head for places with like-minded tribes. That’s the forecast from real-estate brokerage Redfin, which included “more migration for political reasons” in its outlook for the housing market in 2022. The deepening political polarization of the country includes new city- and statewide laws likely to attract adherents and repel detractors, driving… Source link