The post-lockdown spending frenzy may contribute to a sharp rise in inflation, but Ed Yardeni believes the economy can handle it. Yardeni, who spent decades on Wall Street running investment strategy for major firms including Prudential and Deutsche Bank, sees inflationary pressures as a temporary byproduct tied to massive reopenings and historic liquidity. "People are just going to keep spending," […]

If you buy through our links, we may earn money from affiliate partners. Learn more. Memorial Day weekend is one of the best times to shop for mattresses. Shoppers can find mattresses from Purple, Casper, and Tempur-Pedic at all-time lows. Memorial Day weekend is one of the best times to shop for mattresses. Mattress companies like Casper, Leesa, Helix, and […]

Police in South Florida were hunting for suspects Monday after two people were killed and 21 others were injured in a shooting outside a banquet hall in what authorities called an act of domestic terrorism. County Commissioner Keon Hardemon said at a press conference the shooting, which came 24 hours after one person was killed and six others wounded in a drive-by shooting in the […]

COVID-19 caused a surge in unemployment, and job loss can lead to physical and mental health issues. Increased use of alcohol or drugs, eating and sleeping poorly, or exercising less are other risks. Support for people out of work due to COVID-19 will be necessary to mitigate future health issues. See more stories on Insider’s business page. Being out of […]

KUALA LUMPUR (REUTERS) – CIMB Group Holdings on Monday reported a 384 per cent bump in its first-quarter earnings, helped by a one-off gain related to an investment in its e-wallet business, plus higher income. A third-party investment in TNG Digital, a business jointly founded by CIMB’s wholly owned subsidiary Touch ‘n Go and China’s Ant Group, led to a […]

The US economy is set to grow at the fastest pace since 1984 this year, the OECD has said. US gross domestic product would grow 6.9% in 2021, after contracting 3.5% in 2020, it said. The organization said the US’ huge stimulus and speedy vaccine rollout was boosting growth. See more stories on Insider’s business page. The US economy is […]

The real estate prices in the U.S. have hockey sticked in the last year. People have left large cities, particularly on the East and West Coasts as the COVID-19 pandemic has allowed them to work from home. Many have found less expensive communities with better quality of life. Prices in some central parts of New York City and San Francisco […]

Reuters reported that economists polled by the news wire have a median forecast of 1% on-year growth for the March quarter — that's up from 0.4% in the previous quarter. But, economists are less upbeat about the current quarter that ends in June due to a devastating second wave of Covid-19 outbreak. The median growth forecast for the three months […]