Thanks to a strong stock market and record home prices, asset owners are feeling richer, even if it’s only on paper. Today, we get into the “wealth effect” and how it may play out in the presidential election. Also: Higher prices slow Procter & Gamble sales, the “catastrophic” halt to a Baltimore port business, and why companies change the metrics they report to investors.
Ultimately, the joke’s on Gmail rivals
“Hard to say” where interest rates will settle, Fed chair says
Feelings versus facts
Immigrants fill high-risk jobs that U.S.-born workers don’t
Baltimore bridge collapse a jolt to commerce
All in on clean energy
Bring on the drama, Jay Powell
Weekly jobless claims fall
The Fed’s evolving data diet
Food, glorious food!
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