These stocks soared up to 12% after inflation cooled

Amid the euphoria following what appeared to be the first sign of slowing inflation, stocks staged a broad rally on Aug. 10, with dozens of large-cap stocks rising 5% or more. Those included several tech names that investors loved during the early stages of the coronvirus pandemic, along with cruise lines, credit-card lenders and chip-related … Read more

Michael Lewis Teases New Wall Street Book: ‘You’ll Learn All About Crypto’

Author Michael Lewis is being coy about his next project. But, he says about a video call from his home in Berkeley, California: “I will lift my skirt a little, but not a lot here.” He then gets more animated: “I really don’t want to reveal exactly what I’m writing about,” he tells Financial News. … Read more

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

12 ways to adjust your vacation for inflation

It’s still summer, and if you plan to travel soon, be prepared to see inflation at nearly every step along the way. According to a May NerdWallet survey, nearly 7 in 10 Americans planned to travel between Memorial Day and Labor Day, and among them, 81% said inflation would impact their plans. This number spiked … Read more

Teladoc loses $3 billion in three months, stock plummets 24%

Shares of Teladoc Health Inc. plunged more than 24% in after-hours trading Thursday after the telehealth company took another multibillion-dollar impairment charge, helping to bring its total losses for the first six months of the year up to nearly $10 billion. Teladoc TDOC, -19.09% executives disclosed a $3.0 billion goodwill impairment charge during the second … Read more

Vivendi Weighs Book Publisher Divestment as Part of Lagardere Takeover — Update

By Mauro Orru Vivendi SE is considering the disposal of its book publishing business Editis to avert potential competition concerns as part of its bid to take over smaller French rival Lagardere SA, the owner of book publisher Hachette. The media conglomerate steered by the family of French billionaire Vincent Bollore said Thursday that a … Read more

NFL launches streaming service, but it has serious limitations

There’s now a streaming service for the NFL, but there’s a catch. The National Football League on Monday announced NFL+, featuring live games for mobile devices starting at $4.99 a month, or $39.99 a year. A higher-priced tier, offering ad-free streams and condensed game replays, will be offered for $9.99 a month, or $79.99 a … Read more

Larry Summers doubles down, says steep joblessness needed to beat inflation

Former US Treasury Secretary Larry Summers is defending his comments from last month in which he claimed that millions of Americans may need to lose their jobs in order for inflation to come under control. Summers, who has emerged as a chief critic of the Biden administration’s economic policies, told the London School of Economics … Read more

Dividend stocks are a top inflation-fighting investment you want in your corner now

Investors are too quick to shun dividend-paying stocks when inflation worsens. That’s because they’re focusing on too short of a time horizon. When measured over at least several years, dividends historically have done an admirable job of keeping up with inflation. To illustrate how the short term can lead you astray here, contrast the Dow … 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