By Anneken Tappe (CNN.com) – New York (CNN Business)Pandemic price hikes didn’t let up in the last month of 2021: A key inflation gauge hit a fresh a 39-year high.
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A record 4.5 million workers quit their jobs in November – CNBC
By Jeff Cox (CNBC.com) – Workers quit their jobs in record numbers in November while the total employment openings pulled back a bit, the Labor Department reported Tuesday.
Get ready for a possibly record-breaking rush of IPOs this fall – CNBC
By Bob Pisani (CNBC.com) – The IPO pipeline this fall is filling up quickly. The IPO market has already had its busiest year since the internet bubble in 2000, and the fall will likely set a record.
Analysis: Valuing China assets no easy task after $1 trillion wipeout – Reuters
By Tom Arnold and Marc Jones (reuters.com) – LONDON, Aug 16 (Reuters) – Any veteran investor will tell you that financial markets overshoot when trouble hits, but what if that market is the world’s second-largest economy and the government has decided the rules of the game have changed?
Fed says banks will have to wait until June 30 to start issuing buybacks and bigger dividends – CNBC
By Jeff Cox (CNBC.com) – Big banks will be allowed to resume normal levels of dividend payouts and share repurchases as of June 30, as long as they pass this year’s stress test.
Pfizer vaccine trial success signals breakthrough in pandemic battle – Reuters
By Michael Erman, Julie Steenhuysen (reuters.com) – Pfizer Inc’s PFE.N experimental COVID-19 vaccine is more than 90% effective based on initial trial results, the drugmaker said on Monday, a major victory in the war against a virus that has killed over a million people and battered the world’s economy.
Home prices suddenly see biggest gains in 2 years – CNBC
By Diana Olick (cnbc.com) – Exceptionally strong demand, historically low supply and record low mortgage rates are combining to fuel the fastest home price growth since 2018.
U.S. weekly jobless claims jump back above 1 million – CNBC
By Fred Imbert (cnbc.com) – The number of people filing for unemployment benefits last week was greater than expected, raising concern about the state of the economy as lawmakers struggle to move forward on a new pandemic stimulus package.
Private equity gets Trump administration’s nod to tap 401(k)s-The Detroit News
By Ben Bain, Bloomberg (bloomberg.com / detroitnews.com) – Private-equity firms notched a major win in Washington with the Trump administration paving the way for the industry to tap a massive pot of money that has long been off limits: the trillions of dollars held in Americans’ retirement accounts.
Buffett cautions on ‘extreme consequences’ from the Fed’s recent moves – CNBC
By Jeff Cox (www.cnbc.com) – Warren Buffett praised the Federal Reserve for its actions to blunt the effects of the coronavirus but said he worries about the repercussions.