Why David Tepper-Founded Appaloosa Is Betting Big on American Airlines Stock
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Inflation is outpacing wages again. Many workers were already behind.
When inflation rises faster than workers' wages, it feels like they're getting a pay cut. Companies, meanwhile, benefit.
- Real wages fell 4% from Feb 2021 to June 2022
- Iran war reignited inflation by driving up oil prices
- Consumer sentiment dipped due to perceived financial losses
ASX set to dip, Wall Street slumps as AI stocks fall
Wall Street is pulling further from its all-time high as AI stocks get back to sinking.
Treasuries Recover From Early Weakness To Close Modestly Higher
(RTTNews) - After coming under pressure early in the session, treasuries moved modestly higher over the course of the trading day on Tuesday.
Income investors need to 'wake up' to the new market regime. Where to find solid yields now
With Kevin Warsh heading the Federal Reserve, investors have to accept the reality of a new market regime, said Luis Alvarado at Wells Fargo.
Housing affordability returns to average following pandemic price spike
Affordability no longer the significant barrier it has been, Cotality NZ chief property economist Kelvin Davidson says.
- Housing affordability returns to long-term average in Q2 2023
- Value-to-income ratio falls to 6.7, matching 2004-2026 average
- Mortgage repayments drop to 40% of income, below long-term average