The top central bankers in the world said they will keep fighting the inflation dragon until there is evidence they’ve succeeded.
Next Avenue: ‘It’s just a nice place for an old guy to go, I guess’: Men’s Sheds offer camaraderie and connection
Men’s Sheds are a place where men can gather as a group, work together on projects and often build things for their local communities.
Earnings Results: General Mills’ stock slides 5% as sales fall short. North American retailers are reducing inventory.
The parent of cereals Lucky Charms and Cheerios’ sales fall short despite higher prices.
: Airbnb rental revenues have plunged in some parts of the U.S., this chart suggests, but some doubts surround the data
A chart circulated on Wednesday shows Airbnb rental revenue falling in some major U.S. cities, even as a separate set of data took issue with that.
: Why retirement savers need the Supreme Court to uphold the student-loan forgiveness plan
Women especially would benefit from the program
Cannabis Watch: Customer donations at cannabis shops may help fund new super PAC called Legalize America
Legalize America is an independent super PAC with backing from Curaleaf, Cronos Group and the U.S. Cannabis Council.
: Those extra pandemic savings are now wiped out, Fed study finds.
A new research paper by a trio of Federal Reserve economists in the central bank’s international division say the excess savings accumulated in the U.S. during the pandemic have been burned off.
Deep Dive: Here are analysts’ 20 favorite AI stocks — and they still see upside for Nvidia
A deep look at hundreds of AI companies highlights stocks expected to soar as much as 59% over the next year.
Metals Stocks: Gold falls to fresh 3-month low near $1,900 per ounce
Gold slides to fresh three-month lows on Wednesday as expectations for more central-bank interest-rate hikes later this year have diminished the appeal of the yellow metal.
: The Fed’s been hawkish even as CPI recedes. A Bernanke research paper helps explains why.
The answer to the puzzle of a hawkish Fed lies in a framework put out by former Fed chair Ben Bernanke, in a paper published in May.
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