5 things we’ve learned from earnings season so far: How big an impact is inflation having?

More than 80% of the S&P 500 index’s companies have reported second-quarter results so far, and at least five key takeaways have emerged — including that Wall Street was far more worried about the coming earnings season than it needed to be. That doesn’t mean investors were wrong; the numbers and management commentary have confirmed … Read more

Health secretary calls on Congress and states to do more to help contain monkeypox outbreak

People wait in line for the monkeypox vaccine at the Balboa Sports Center in the Encino neighborhood of Los Angeles, California, on July 27, 2022. Robyn Beck | AFP | Getty Images The US health secretary on Thursday said the federal government needs Congress to help end the growing monkeypox outbreak and that states, cities … Read more

Polio case confirmed in New York state, health-care providers told to look for more

Polio virus, illustration. Each virus particle is composed of a protein coat around a core containing RNA genetic material. This virus infects children and causes the disease poliomyelitis or infantile paralysis. Roger Harris/science Photo Library | Science Photo Library | Getty Images The New York State Health Department confirmed a case of polio on Thursday, … Read more

Opinion: A revolution on the supply side is needed to defeat inflation without crushing the global economy

MILAN, Italy (Project Syndicate)—Central banks’ efforts to contain high and rising inflation are fueling headwinds to growth and are threatening to tip the global economy into recession. But the proximate cause of today’s inflationary pressures is a large, broad-based, and persistent imbalance between supply and demand. Higher interest rates will dampen demand, but supply-side measures … Read more