The roaring job market puts “boom inflation” back on the investor map

The roaring job market puts “boom inflation” back on the investor map

Instead, concern has shifted to what a booming labor market and rising costs for everything means for stocks and bond portfolios, particularly if it morphs into a resilient mix of higher growth and inflation. How to call such a scenario? “Boomflation,” said Kent Engelke, chief economic strategist at Capitol Securities Management, indicating that annual wage … Read more

Because US lawmakers want bitcoin and ether to be under the control of the CFTC

Because US lawmakers want bitcoin and ether to be under the control of the CFTC

WASHINGTON – Leaders of a Senate committee will propose legislation that would assign oversight of the two largest cryptocurrencies, bitcoin and ether, to the federal agency that regulates milk futures and interest rate swaps. Senate Agriculture Committee Chair Debbie Stabenow and high-ranking Republican John Boozman of Arkansas are planning to introduce a bill on August … Read more

What possible credit legislation could mean for Visa, Mastercard and you

What possible credit legislation could mean for Visa, Mastercard and you

Credit card companies appear to be under a political microscope once again as the Wall Street Journal reported Wednesday that Senators are working on a new bill that would target Visa Inc. and Mastercard Inc. The story noted that Senator Dick Durbin, a Democrat from Illinois, and Senator Roger Marshall, a Republican from Kansas, are … Read more