Ken Griffin has a warning for Trump and the GOP: ‘I would not underestimate how grating a 3% inflation rate could be’ on Americans
Fed independence works in Trump’s favor too, Griffin added.
Business
A gauge of future home sales just turned negative—despite 9 straight weeks of falling mortgage rates
“A lot of buyers are hesitating because they’re worried about potentially losing their jobs, losing money in their stock portfolio, and the economy in general."
All bark, no bite: Trump’s latest trade war turns into another TACO salad for Wall Street
Markets actually improved on the latest surprise round of Trump tariffs.
Wall Street snaps 3-day losing streak on moderate inflation report
Stocks got some help from a report showing that inflation in the U.S. accelerated to 2.7%, precisely what economists had projected.
The August home sales mystery: Top analyst says ‘implausible’ housing market data ‘defies credulity’
Pantheon Macroeconomics' Oliver Allen says it's "inexplicable" that new home sales would jump to their highest level in more than three years all of a sudden.
‘The frustration is overwhelming’: Soybean farmers feel betrayed as Argentina blows a hole in rural America’s $47 billion soybean bonanza
China will reportedly buy at least 10 cargoes of Argentine soybeans, further jeopardizing the U.S. export market, even as Argentina gobbles up Trump support.
Don’t try to be funny at work unless you want to risk your job and any chance of ever getting promoted, management professors say
Funny ideas can be good. Nebraska’s tourism board won with “Honestly, it’s not for everyone," and Patagonia boosted sales with “Don’t Buy This Jacket."
Kraken quietly closes $500M round as its unusual CEO pushes toward the IPO finish line
Arjun Sethi shared his thoughts on Kraken's unorthodox management structure, and how the company is ready for the fusing of crypto and traditional finance.
How Swarovski’s CIO makes the 130-year old jewelry brand’s tech shine
Swarovski CIO was an early proponent of omnichannel shopping. Her next tech bet focuses on new ways to infuse AI in luxury retail.
