Here’s What Costco Says About Inflation — And An Increase In Membership Fee

Since the market is obsessed with inflation and why the Fed would step off the accelerator, it’s worth considering what some companies are saying about it. The view of Costco Wholesale, the warehouse seller known for its competitive prices, seems so good for a start. And CFO Richard Galanti’s comments on his conference call suggest … Read more

Just 5 S&P 500 Stocks Ended Higher After Powell’s Sobering Jackson Hole Speech

Last updated: August 26, 2022 at 6:41 PM ET First Release: August 26, 2022 at 5:21 PM ET Federal Reserve Chairman Jerome Powell only needed a 10-minute speech on Friday to make clear that monetary policy would be relentlessly tightened in the coming months. Investors dumped stocks, causing the S&P 500 index to fall 3.4% … Read more