By Tracy Chen, CFA, CAIA The world watched expectantly as China completed its Third Plenum of the 20th Party Congress, looking for signs of a potential end to exported deflation and weak domestic growth. However, unlike the Third Plenums of 1978 and 2013, which ushered in new chapters of economic…

Bill Ackman descended on downtown Omaha in early May for what UBS billed as a “special fireside chat”.It was an opportunity to get Ackman and his partner Ryan Israel in front of the kinds of investors who had stuck with Warren Buffett for decades, investors who might be interested in…

House Freedom Caucus Chair Bob Good, who was targeted for defeat by former President Donald Trump, conceded the Republican primary in Virginia’s 5th Congressional District after a recount Thursday. “While I am disappointed in the ultimate outcome, it has been my distinct honor to serve as the congressional representative for Virginia’s…

Just about any Medicare beneficiary who takes prescription medications has heard about the donut hole. It has had quite an interesting history. When Part D prescription drug coverage began in 2006, those who landed in the donut hole had to pay 100% of the cost for every drug. That’s likely…

Mortgage rates remained relatively unchanged from last week, with a slight movement higher.  Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage increased to 6.78% this week from 6.77% last week. The average rate on a 30-year loan was 6.81%…

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High-performers and women aren’t getting quality feedback in the workplace, and it could be driving them to quit.That’s according to a new analysis of more than 13,000 performance reviews across 250 U.S. workplaces from Textio, an AI-powered writing platform for HR teams.Quality of feedback is different from whether it’s positive…

If the Federal Reserve is starting to set the table for interest rate reductions, some parts of the market are getting impatient for dinner to be served.”What is it they’re looking for?” Claudia Sahm, chief economist at New Century Advisors, said on CNBC just after the Fed concluded its meeting…

Airlines would no longer be allowed to charge parents extra fees for their kids to be seated next to them under a new rule proposed by the Biden administration. White House officials say their “fee-free family seating” proposal could potentially save parents up to $200 per round trip flight. “Families…

By Min Joo Kang Trade surplus narrowed in July due to a rebound in imports Export growth accelerated to 13.9% YoY in July (vs 5.1% in June, 18.4% market consensus) mainly due to favourable calendar effects. Adjusting for working days, average daily exports moderated to 7.1% in July from 12.4%…