The big issue confronting the Fed is that demand has recovered more quickly than supply, creating all sorts of shortages as companies struggle to find the necessary workers and parts. See full story.
Facebook overpaid FTC fine as ‘quid pro quo’ to protect Zuckerberg from liability, shareholders claim
Facebook Inc. overpaid billions of dollars to the Federal Trade Commission as part of an agreement to keep CEO Mark Zuckerberg from being held personally liable for the Cambridge Analytica data breach, shareholders claim in a pair of lawsuits. See full story.
‘Buy the dip’ is a horrible stock-market strategy — and these charts prove it
Market dips, especially larger dips, are rare. See full story.
China Evergrande’s Frankfurt-listed shares jump on promise by subsidiary for payment
Evergrande shares listed in Frankfurt surged more than 20% as investors welcomed news of a bond payment promise by a unit of China property giant. See full story.
Freshworks prices IPO at $36 a share, raising more than $1 billion
Freshworks Inc. priced its initial public offering at $36 a share Tuesday night, above its expected range of $32 to $34 a share. See full story.
Adam Harris's new book, 'The State Must Provide,' highlights the implications of underfunding colleges that serve Black students. See full story.