S&P 500   4,580.41 (+0.12%)
DOW   35,675.89 (-0.23%)
QQQ   382.82 (+0.98%)
AAPL   149.64 (+0.21%)
MSFT   325.88 (+5.09%)
FB   316.00 (+0.06%)
GOOGL   2,956.20 (+6.10%)
TSLA   1,047.80 (+2.88%)
AMZN   3,428.60 (+1.56%)
NVDA   248.73 (+0.63%)
BABA   169.45 (-0.32%)
NIO   39.91 (-1.38%)
CGC   12.94 (-1.75%)
GE   104.10 (-3.11%)
AMD   124.09 (+0.94%)
MU   68.32 (-0.90%)
T   25.14 (-0.91%)
F   15.64 (-1.88%)
ACB   6.90 (-1.85%)
DIS   170.34 (-0.99%)
PFE   42.99 (-1.31%)
BA   208.77 (-0.50%)
AMC   35.37 (-1.89%)
S&P 500   4,580.41 (+0.12%)
DOW   35,675.89 (-0.23%)
QQQ   382.82 (+0.98%)
AAPL   149.64 (+0.21%)
MSFT   325.88 (+5.09%)
FB   316.00 (+0.06%)
GOOGL   2,956.20 (+6.10%)
TSLA   1,047.80 (+2.88%)
AMZN   3,428.60 (+1.56%)
NVDA   248.73 (+0.63%)
BABA   169.45 (-0.32%)
NIO   39.91 (-1.38%)
CGC   12.94 (-1.75%)
GE   104.10 (-3.11%)
AMD   124.09 (+0.94%)
MU   68.32 (-0.90%)
T   25.14 (-0.91%)
F   15.64 (-1.88%)
ACB   6.90 (-1.85%)
DIS   170.34 (-0.99%)
PFE   42.99 (-1.31%)
BA   208.77 (-0.50%)
AMC   35.37 (-1.89%)
S&P 500   4,580.41 (+0.12%)
DOW   35,675.89 (-0.23%)
QQQ   382.82 (+0.98%)
AAPL   149.64 (+0.21%)
MSFT   325.88 (+5.09%)
FB   316.00 (+0.06%)
GOOGL   2,956.20 (+6.10%)
TSLA   1,047.80 (+2.88%)
AMZN   3,428.60 (+1.56%)
NVDA   248.73 (+0.63%)
BABA   169.45 (-0.32%)
NIO   39.91 (-1.38%)
CGC   12.94 (-1.75%)
GE   104.10 (-3.11%)
AMD   124.09 (+0.94%)
MU   68.32 (-0.90%)
T   25.14 (-0.91%)
F   15.64 (-1.88%)
ACB   6.90 (-1.85%)
DIS   170.34 (-0.99%)
PFE   42.99 (-1.31%)
BA   208.77 (-0.50%)
AMC   35.37 (-1.89%)
S&P 500   4,580.41 (+0.12%)
DOW   35,675.89 (-0.23%)
QQQ   382.82 (+0.98%)
AAPL   149.64 (+0.21%)
MSFT   325.88 (+5.09%)
FB   316.00 (+0.06%)
GOOGL   2,956.20 (+6.10%)
TSLA   1,047.80 (+2.88%)
AMZN   3,428.60 (+1.56%)
NVDA   248.73 (+0.63%)
BABA   169.45 (-0.32%)
NIO   39.91 (-1.38%)
CGC   12.94 (-1.75%)
GE   104.10 (-3.11%)
AMD   124.09 (+0.94%)
MU   68.32 (-0.90%)
T   25.14 (-0.91%)
F   15.64 (-1.88%)
ACB   6.90 (-1.85%)
DIS   170.34 (-0.99%)
PFE   42.99 (-1.31%)
BA   208.77 (-0.50%)
AMC   35.37 (-1.89%)

3 US-based economists receive economics Nobel Prize

Monday, October 11, 2021 | The Associated Press


A April 17, 2015 file photo shows a gold Nobel Prize medal. The Nobel Prize for Economics will be announced on Monday Oct. 11, 2021. (AP Photo/Fernando Vergara, File)

STOCKHOLM (AP) — Three U.S-based economists won the 2021 Nobel prize for economics on Monday for pioneering research on the labor market impacts of minimum wage, immigration and education, and for creating the scientific framework to allow conclusions to be drawn from such studies that can’t use traditional methodology.

Canadian-born David Card of the University of California at Berkeley was awarded one half of the prize, while the other half was shared by Joshua Angrist from the Massachusetts Institute of Technology and Dutch-born Guido Imbens, 58, from Stanford University.

The Royal Swedish Academy of Sciences said the three have “completely reshaped empirical work in the economic sciences.”

“Card’s studies of core questions for society and Angrist and Imbens’ methodological contributions have shown that natural experiments are a rich source of knowlege,” said Peter Fredriksson, chair of the Economic Sciences Committee. “Their research has substantially improved our ability to answer key causal questions, which has been of great benefit for society.”

Card worked on research that used restaurants in New Jersey and in eastern Pennsylvania to measure the effects of increasing the minimum wage. He and his late research partner Alan Krueger found that an increase in the hourly minimum wage did not affect employment, challenging conventional wisdom which held that an increase in minimum wage will lead to less hiring.

Card’s work also challenged another commonly held idea, that immigrants depress wages for native-born workers. He found that incomes of the native-born can benefit from new immigration, while it is earlier immigrants who are at risk of being negatively affected.

Angrist and Imbens won their half of the award for working out the methodological issues that enable economists to draw solid conclusions about cause and effect even where they cannot carry out studies according to strict scientific methods.

Speaking by phone from his home in Massachusetts, Imbens told reporters gathered for the announcement that he had been asleep when the call came.

“The whole house was asleep, we had a busy weekend.” said Imbens. ”I was absolutely thrilled to hear the news. ”

He said he was especially thrilled for Angrist, who was best man at his wedding.

Unlike the other Nobel prizes, the economics award wasn’t established in the will of Alfred Nobel but by the Swedish central bank in his memory in 1968, with the first winner selected a year later. It is the last prize announced each year.

Last week, the 2021 Nobel Peace Prize was awarded to journalists Maria Ressa of the Philippines and Dmitry Muratov of Russia for their fight for freedom of expression in countries where reporters have faced persistent attacks, harassment and even murder.

Ressa was the only woman honored this year in any category.

The Nobel Prize for literature was awarded to U.K.-based Tanzanian writer Abdulrazak Gurnah, who was recognized for his “uncompromising and compassionate penetration of the effects of colonialism and the fate of the refugee.”

The prize for physiology or medicine went to Americans David Julius and Ardem Patapoutian for their discoveries into how the human body perceives temperature and touch.

Three scientists won the physics prize for work that found order in seeming disorder, helping to explain and predict complex forces of nature, including expanding our understanding of climate change.

Benjamin List and David W.C. MacMillan won the chemistry prize for finding an easier and environmentally cleaner way to build molecules that can be used to make compounds, including medicines and pesticides.

___

Read more stories about Nobel Prizes past and present by The Associated Press at https://www.apnews.com/NobelPrizes


7 Stocks to Buy That Will Benefit From Inflation

There are two narratives that are getting conflated when it comes to inflation. The first is whether or not inflation is occurring. And the second is whether inflation will get out of control.

To the first point, the clear answer is absolutely. There are price increases in everything from commodities to semiconductor chips. And even though lumber prices have gone down it’s a good bet that many consumers will put off their deck projects for another day.

And, of course, inflation numbers tend to strip out gas and groceries – but those are precisely the areas where consumers feel inflation the most. Inflation is real.

But is this just “transitory” as many analysts and the Fed itself claim? Or is it only the beginning of something much worse? The answer to those questions is probably above our pay grade.

As an investor, the inflation narrative only changes where you allocate your investment dollars. And for the most part, you’re probably only looking at a small percentage of your portfolio.

However, the first rule of investing is to not lose money so it’s important to identify companies that can provide a hedge against inflation – transitory or otherwise.

That’s the focus of this special presentation. Right now there are many strong companies that benefit when inflation is on the rise.

View the "7 Stocks to Buy That Will Benefit From Inflation".


Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.