U.S. stocks continued a steep selloff on Thursday after disappointing earnings reports from Target and Walmart affirmed fears over inflation, which remains close to its highest level in 40 years. In a recent interview with Yahoo Finance, hedge fund founder Josh Friedman acknowledged that Federal Reserve Chair Jerome Powell is currently doing a good job of trying to “wring out” this sky-high inflation. Still, he suggested that the Fed may have stoked inflation with its response to the… Source link
Read More »Leigh Wood dramatically KOs Michael Conlan to retain title
Michael Conlan had the WBA featherweight title in the bag on Saturday in Nottingham, England, until he didn’t. Leigh Wood staged a remarkable late comeback and stopped Conlan at 1:25 of the 12th round to retain the title that throughout the fight seemed destined to go to Conlan. Conlan dropped Wood hard at the end of the first round with a sweeping left hand. He hurt him several times in the second round and then again at points in the first eight rounds. Wood was behind badly on all three… Source link
Read More »A dramatically different labor market recovery: Morning Brief
Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, May 6, 2021 One year after carnage, the strongest labor market on record. The April jobs report tomorrow morning should be a barnburner. But outside of a big number for job gains last month — consensus estimates are that nonfarm payrolls grew by 995,000 last month, according to the latest data from Bloomberg — we also see a labor market recovery that continues to be an almost… Source link
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