Consumers, Not Stocks, Will Feel Inflation’s Pain First

Amid a bounce back in manufacturing activity, surging commodity prices are leading to fears of inflationary forces. Those forces are real, but corporate profits — and therefore, stock prices — won’t suffer too quickly. The pa…

December Sales Will Warm Merchants’ Hearts

Shoppers didn’t disappoint, buying presents at both low- and high-end prices, from jewelry to shoes. Most analysts predict sales will show year-over-year increases of 3% to 4% on Thursday, when major chains post December figure…