Kevin Hassett, National Economic Council Director, said the US is still dealing with inflation caused by Covid-19 stimulus spending during President Biden's first year. Hassett argued that the Trump administration approved appropriate pandemic relief, but Biden's $1.9 trillion American Rescue Plan in 2021 extended spending unnecessarily, worsening inflation. Inflation peaked near 9% in 2022 under Biden but eased to 3% by early 2025. The ongoing inflation pressures are also influenced by global conflicts affecting energy supplies. This debate matters as it shapes views on economic policy effectiveness and upcoming election dynamics.
The news on US Covid spending and inflation provides context for readers interested in market conditions. For readers following US stocks on Pluang as of Sep 29, 2026 19:33 WIB: out of 150 priced stocks, 97 rose and 48 fell. Among notable movers, Coinbase Global (COIN) gained 2.39% with a typical hold time of 78 days and a near-even split in order activity (52% Sell / 48% Buy), contrasting with Xpeng Inc (XPEV) which dropped 2.11% and saw 80% sell orders. Nokia Corp (NOK) rose 2.08% with 96% buy orders and a shorter hold time of 65 days, showing varied investor sentiment across these US stocks.
Netflix shares rose 1.5% after Deutsche Bank upgraded the stock from Hold to Buy, citing recent price declines as a buying opportunity and stronger international trends. However, other analysts remain cautious, with Wells Fargo downgrading Netflix to...
Cytokinetics' CEO Robert I. Blum and other executives have recently sold large amounts of company stock, with Blum selling nearly 105,000 shares in total, including a major block under a pre-arranged trading plan. This insider selling occurs while th...
Carnival Corporation reported strong quarterly results with earnings per share of $1.43 and net income of $1.92 billion, surpassing analyst expectations. The company achieved record revenue of $8.44 billion, driven by growing consumer interest in cru...
FactSet is set to report strong Q3 earnings with an expected EPS of $4.35 and revenue around $629.83 million, reflecting a 5.3% increase from last year. The company benefits from high demand for AI-related products, expanded client base, and effectiv...
Jefferies Financial Group reported robust Q3 results with earnings per share of $1.09, beating analyst estimates and last year's $1.05. Revenue rose to $2.22 billion, driven by record banking revenue, surpassing expectations. Net earnings increased t...
