Author: super@dmin
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The Ratings Game: Disney’s ‘massive recovery’ is still in the early innings as parks business bounces back with a vengeance
Walt Disney Co. isn’t just seeing a pandemic recovery in its parks business—it’s also setting records in the process.
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Market Extra: ‘Blowout’ U.S. inflation leads traders to raise bets for a half-point Fed rate hike in March to as high as 83%
‘This is a blowout number of epic proportions’ and the Fed’s ‘worst nightmare,’ said Tim Magnusson, chief investment officer of Garda Capital Partners.
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Cannabis Watch: Cannabis sales set to rise ahead of Super Bowl Sunday
Based on last year’s data, cannabis sales will rise ahead of the Super Bowl but dip on the day of the big game, a market research company says.
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Key Words: Trump accused by his White House staff of flushing documents down the toilet: He says it’s ‘categorically untrue’
Donald Trump called claims in Maggie Haberman’s upcoming book ‘simply made up.’ Haberman is getting backlash for not sharing her reporting sooner.
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The Tell: Why hedge-fund manager Doug Kass says his bearish case is now stronger and dip buyers should bide their time
The president of hedge fund Seabreeze Partners Management says investors should hold on to that cash pile for a bit longer. Bad times are coming.
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: Rising inflation will ‘drive increases’ in auto, credit card debt, CFPB Director Chopra warns
Consumer and Financial Protection Bureau Director Rohit Chopra said that he and his staff “pore over” inflation data to understand how rising prices will impact the consumer financial industry the regulator oversees during an interview with the Washington Post Thursday.
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: Manchin sounds skeptical note on more Washington spending after hot inflation report
Sen. Joe Manchin, the West Virginia Democrat whose vote is key to advancing President Joe Biden’s agenda in Congress, on Thursday sounded a skeptical note about moving ahead with more spending after government data showed inflation stuck at a 40-year high.
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Crypto: Is bitcoin decoupling from tech stocks? The crypto holds above $45,000 as U.S. inflation rose again in January
Bitcoin tumbles more than $1,700 on Thursday, after news that U.S. inflation climbed again in January to 7.5% and stayed at a 40-year high.
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: The average household is spending an extra $250 a month, or $3,000 per year, due to high inflation — but middle-aged Americans are paying even more
A new report examines the impact of inflation on the average household.
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TaxWatch: ‘There’s no talk about immediate relief for tax year 2021’: Don’t count on the IRS tax code catching up with high inflation
The tax code is a thicket of rules and write-offs that often adjust for inflation — but sometimes not.