We’ve heard a lot about inflation in recent years, but we might not be as familiar with two terms that describe phenomena that could be partly driving it: greedflation and wageflation. “When inflation took off in 2021 in the U.S., so did corporate profits,” said The Wall Street Journal. This raised some eyebrows. But just as profit…
For many Americans enduring higher prices, easing inflation was on the wishlist for 2023 — and as of July, it’s looking like that dream just might come true. Inflation dropped to 3% in June, reaching its lowest level since May 2021 and marking the 12th month in a row that inflation has eased, based on the…
Here are three of the week’s top pieces of financial insight, gathered from around the web: A $100 piece of a $55 million painting A 1963 portrait by British artist Francis Bacon is about to make its stock market debut, said Carol Ryan in The Wall Street Journal. Next month, “a company named Artex is…