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How an inflation spike could force the Fed's hand and send markets spinning, according to Morgan Stanley's chief economist
Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Emily GraffeoRedeem nowGet the inside scoop on what traders are talking about — delivered daily to your inbox.Something is loading.Investors have grown increasingly worried about a rise in inflation as economic data has been coming in better than expected and yields begin to rise. Chetan Ahya, Morgan Stanley's chief economist and global head of economics sees inflation remaining elevated above 2% for this year and next year. While inflation above 2% is the Fed's stated goal, Ahya is...…Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Emily GraffeoRedeem nowGet the inside scoop on what traders are talking about — delivered daily to your inbox.Something is loading.Investors have grown increasingly worried about a rise in inflation as economic data has been coming in better than expected and yields begin to rise. Chetan Ahya, Morgan Stanley's chief economist and global head of economics sees inflation remaining elevated above 2% for this year and next year. While inflation above 2% is the Fed's stated goal, Ahya is...WW…
GM jumps 9% to record high after Microsoft announces investment in the company's self-driving car subsidiary Cruise
Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Emily GraffeoRedeem nowGet the inside scoop on what traders are talking about — delivered daily to your inbox.Something is loading.gained as much as 8.9% to a record high on Tuesday amid news that its autonomous vehicle subsidiary, Cruise, is receiving a large investment from . The stock rose to an intraday record high of $54.42 shortly after the opening bell. Meanwhile shares of Microsoft gained 1% to $241.92. Microsoft joins a number of companies in a $2 billion funding round for...…Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Emily GraffeoRedeem nowGet the inside scoop on what traders are talking about — delivered daily to your inbox.Something is loading.gained as much as 8.9% to a record high on Tuesday amid news that its autonomous vehicle subsidiary, Cruise, is receiving a large investment from . The stock rose to an intraday record high of $54.42 shortly after the opening bell. Meanwhile shares of Microsoft gained 1% to $241.92. Microsoft joins a number of companies in a $2 billion funding round for...WW…
Billionaire Chamath Palihapitiya says big companies shouldn't receive a 'single extra dollar' of stimulus and Congress should pay ordinary Americans instead
Billionaire Chamath Palihapitiya criticized capital allocation of large corporations and said the government shouldn't give them a "single extra dollar" but focus on paying ordinary Americans instead. He made the comments during a panel at the CNBC Institutional Investor Delivering Alpha conference on Wednesday. the government should not bail out large corporations like airlines during the pandemic and let them "get wiped out." He expanded on this on Wednesday and said these corporations have done "the most absolutely horrid and idiotic forms of capital allocation." The companies did not...…Billionaire Chamath Palihapitiya criticized capital allocation of large corporations and said the government shouldn't give them a "single extra dollar" but focus on paying ordinary Americans instead. He made the comments during a panel at the CNBC Institutional Investor Delivering Alpha conference on Wednesday. the government should not bail out large corporations like airlines during the pandemic and let them "get wiped out." He expanded on this on Wednesday and said these corporations have done "the most absolutely horrid and idiotic forms of capital allocation." The companies did not...WW…
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