U.S. companies are considering whether they need to rethink their still nascent return-to-office policies.
“We tend to use [the word transitory] to mean that it won’t leave a permanent mark in the form of higher inflation,” Fed Jerome Powell told Congress.
Microsoft CEO Satya Nadella has sold 838,584 shares, yielding more than $285 million ahead of capital gains tax changes.
Treasuries rallied big time on haven buying and cushioned the selloff in global risk markets.