Flexsteel earnings beat by $0.24, revenue topped estimates

We did the math over a 30-year period, and it’s not even close.

US stock valuations are approaching levels last seen during the dot-com bubble. Investors argue this time is different because of AI. But that is exactly what investors said about the internet in 1999. Nothing illustrates today’s optimism better than the SpaceX IPO.At launch SpaceX was valuing itself at $2 trillion. This means a valuation of …

The views expressed herein are those of the authors and should not be attributed to the IMF, its Executive Board, or its management, or the National Bureau of Economic Research. An earlier version of this paper circulated as “Central Bank Swap Lines as Bilateral Sovereign Debt.” For thoughtful comments and suggestions we would like to…

Federal Reserve Chairman Kevin Warsh testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Semiannual Monetary Policy Report to the Congress,” in Dirksen building on Wednesday, July 15, 2026. Tom Williams | Cq-roll Call, Inc. | Getty Images June’s Federal Open Market Committee meeting ended with a much shorter statement from…

Tariffs raise the prices of goods made at home, not just the imports they tax—an effect that standard pass-through estimates largely miss. Studying the 2025 U.S. tariffs, we find that about 26 percent of the tariff increase passes through to consumer prices. These estimates are measured relative to less-exposed goods and hold aggregate conditions fixed….

Shares of memory maker Sandisk (SNDK -14.14%) fell 10.8% on Friday, then another 11% on Monday, closing at $1,278.23. There was no company news behind either drop. Memory and artificial intelligence (AI) infrastructure stocks sold off as a group, and Sandisk, one of the biggest winners of the past year, fell harder than most. The…