Nomura says a new model correctly signalled two-thirds of the past 53 crises in 40 countries since the early 1990s, and it is currently warning that six economies appear vulnerable to financial crises over the next 12 quarters. See full story.
Inflation rises again in May, PCE shows, and hits highest annual rate since 2008
A key measure of U.S. inflation rose sharply again in May and showed prices rising at the fastest annual pace since 2008, signaling consumers can expect to pay more for goods and services over the summer as the economy recovers from the pandemic. See full story.
Infrastructure and the stock market — here’s what the $1 trillion deal means
A deal on a $1 trillion infrastructure bill helped push stocks to all-time highs Thursday, here’s what investors need to know. See full story.
The 20 best-performing IPOs of the past three years have returned up to 1,477%
These stock-market winners include BioNTech, Zoom, CrowdStrike and Nio. See full story.
How Peter Thiel turned $2,000 in a Roth IRA into $5,000,000,000
Roth individual retirement accounts were created to help middle class earners set aside money for retirement that they wouldn’t have to pay taxes on at withdrawal. But PayPal co-founder Peter Thiel has used his Roth IRA to amass a $5 billion nest egg. See full story.
‘I can’t believe cat litter and food have gone up by $5. How could they even do that? It’s kitty litter and cat food for God’s sake.’ See full story.