The Wall Street Journal.NowLarry Summers Nailed Inflation. But Is He Right On What Comes Next?The Wall Street Journal. - James MackintoshIn February 2021, Larry Summers was right and I was wrong. The former Treasury secretary warned that President Biden’s stimulus package was far too large, and would lead to far too high inflation. I was less worried and thought the Federal Reserve would be willing to raise interest rates to head …
The Wall Street Journal.NowDigital World Acquisition Discloses Federal SubpoenasThe Wall Street Journal. - Will FeuerDigital World Acquisition Corp., the special-purpose acquisition company that plans to merge with former President Donald Trump’s social-media company, said a federal grand jury in the Southern District of New York has issued subpoenas to each member of its board. The blank-check company said Monday …
The Wall Street Journal.1 hour agoCredit Suisse Found Guilty in Money-Laundering Case Tied to Cocaine RingThe Wall Street Journal. - Margot PatrickCredit Suisse Group AG and a former employee were found guilty Monday in a Swiss federal criminal court of helping a Bulgarian crime ring launder money related to cocaine trafficking. The court found Credit Suisse didn’t do enough to prevent money laundering by members of the crime ring, which …
The Wall Street Journal.1 hour agoStocks Waver as Rate-Hike Fears EaseThe Wall Street Journal. - Chelsey Dulaney, Corrie DriebuschU.S. stocks bobbled Monday as major indexes tried to hold gains from last week’s rally on milder expectations for Federal Reserve interest-rate increases. The S&P 500 bounced around, recently trading up about 0.2%. The Dow Jones Industrial Average edged up 0.2%, while the technology-focused Nasdaq …
The Wall Street Journal.1 hour agoIt's What Beijing's Party Boss May Not Have Said That Shows Zero-Covid FatigueThe Wall Street Journal. - Joyu WangTAIPEI—Beijing’s top official reportedly pledged five more years of “unwaveringly” sticking to China’s zero-Covid policies, state-run media said Monday, before swiftly removing the reference to how much longer the capital must live with pandemic controls. Not swiftly enough to avoid a storm on …
The Wall Street Journal.1 hour agoFore! Sale: A $16.35 Million Sarasota Penthouse With Its Own Putting GreenThe Wall Street Journal. - Sarah PaynterBe the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. A penthouse with a putting green is listing for $16.35 million, making it one of the most expensive homes on the market in the city, according to listing agent Moriah …
