Tavi Costa, portfolio manager at Crescat Capital, has criticized the Biden administration’s spending measures, warning that Americans’ inflation woes might have only just begun. During the recent White House celebration of the passage of the “Inflation Reduction Act,” the president defended his government’s massive spending by saying that “we spend, but we pay.” Biden said…

The Dow Jones Industrial Average lost 1,297 points, or 3.8 percent, on May 5, one day after the market rallied to the Fed’s raising of interest rates, with stocks suffering their worst losses of 2022 and one of its worst days since the start of the pandemic. The day’s massive tumble completely reversed the market’s gains…

The Dow Jones Industrial Average lost 1,297 points, or 3.8 percent, on May 5, one day after the market rallied to the Fed’s raising of interest rates, with stocks suffering their worst losses of 2022 and one of its worst days since the start of the pandemic. The day’s massive tumble completely reversed the market’s gains…