The Trump administration’s visa restrictions on high-skilled workers employed predominantly in the tech sector could hold back recovery from the coronavirus-induced recession, experts say....
(Bloomberg) -- Perhaps the most challenging riddle for investors in the pandemic is whether another centuries-old scourge is going to return.Inflation can wreck even the safest portfolio by eroding the value of investments for decades. But you would be hard pressed to find anyone among the younger generation of investors, within developed markets at least, who has faced it in any meaningful way. The last major episode was back in the 1970s and ’80s, and inflation has all but disappeared since the 2008 financial crisis.But the pandemic has changed the world so dramatically that Wall Street’s heavyweights from Pacific Investment Management Co. to AllianceBernstein Holding LP say it’s a problem that’s bound to return.Not everyone agrees. Some argue deflation is just as likely, and others like UBS Wealth Management are positioning for softer price increases, a scenario known as lowflation. “It is the billion dollar question,” says Christoph Rieger, head of fixed-rate strategy at Commerzbank...
“Staggeringly dumb.” That’s the latest insult Elon Musk threw at Nikola Motors (NKLA), which has rocketed a crazy 500%+ since April. Love him or hate him, no one denies Musk is a genius. He built Tesla (TSLA)—easily the world’s most innovative car company—from scratch. When he’s not running Tesla, he works a “side job” as a rocket scientist for […]...
