Visa's stock closed more than 5% lower for the day. Senators grilled Novo Nordisk CEO Lars Fruergaard Jørgensen at a hearing on Tuesday over the high prices of the company's blockbuster injections.
"High labor cost stocks should continue to outperform low labor cost stocks as wage growth continues to decelerate," say strategists led by David Kostin. They note the Goldman economics team forecasts ...
Upside Risks to Inflation 'Remain Prominent,' Fed's Bowman Says; China Delivers Another Rate Cut By Hardika Singh Inflation remains more of a concern than potential weakness in the labor market, ...