Matthew Fox Reuters US stocks were mixed on Monday as investors prepare for the April CPI report and debt ceiling showdown in Congress.The inflation report will help guide the Fed as to whether it hikes interest rates in June.Senate Republican Leader Mitch McConnell said he doesn’t have a “secret plan” to prevent a US debt… Continue reading US stocks trade mixed as investors prepare for April inflation data and debt ceiling showdown
The debt-ceiling crisis is coming at the ‘worst possible time,’ says Chicago Fed president
The debt-ceiling crisis is adding stress at an already difficult period, Austan Goolsbee said. “This whole … argument about the debt ceiling comes at the worst possible time — worst possible time.” Even a last-second deal could cause doubt in Treasurys, he told Yahoo Finance. Loading Something is loading. Thanks for signing up! Access your… Continue reading The debt-ceiling crisis is coming at the ‘worst possible time,’ says Chicago Fed president
Debt Ceiling Compromise Likely to Avert a Default: Kiplinger Economic Forecasts
The debt ceiling is a limit on the amount of debt Treasury can incur and influences how much money the government can borrow. The debt ceiling is one of the hottest topics of the year, so to keep you in the loop on what is going on, our highly experienced Kiplinger Letter team will update… Continue reading Debt Ceiling Compromise Likely to Avert a Default: Kiplinger Economic Forecasts
Warren Buffett and Charlie Munger warned a banking crisis is possible, AI may be dangerous, and government overspending will end badly. Here are their 18 best quotes from Berkshire Hathaway’s annual meeting.
Warren Buffett and Charlie Munger held court during Berkshire Hathaway’s annual meeting on Saturday. They tackled topics including banking, real estate, Apple, AI, Elon Musk, and de-dollarization. Here are Buffett and Munger’s 18 best quotes from the Berkshire meeting. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Warren Buffett and Charlie Munger warned a banking crisis is possible, AI may be dangerous, and government overspending will end badly. Here are their 18 best quotes from Berkshire Hathaway’s annual meeting.
There’s a record $5.3 trillion is cash on the sidelines as investors get more bearish on stocks. Here’s why that could mean big gains ahead.
Investors can’t stop piling up cash, with assets in money market funds ballooning to a record $5.3 trillion.The surge in cash comes amid a combo of high interest rates and depressed investor sentiment towards the stock market.But that massive pile of cash could be the fuel needed to drive the next bull market rally. Loading… Continue reading There’s a record $5.3 trillion is cash on the sidelines as investors get more bearish on stocks. Here’s why that could mean big gains ahead.
Central banks are boosting stockpiles of gold in their reserves amid a backlash against the dollar
Central banks boosted their gold stockpiles amid a backlash against the dollar. Global reserves grew by 228.4 tons in the first quarter, the World Gold Council reported. The top gold buyers were central banks in Singapore, China, Turkey and India. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Central banks are boosting stockpiles of gold in their reserves amid a backlash against the dollar
Warren Buffett’s Berkshire Hathaway reveals it sold about $6 billion of Chevron stock last quarter
Warren Buffett’s Berkshire Hathaway sold about $6 billion of Chevron stock in the first quarter. Berkshire cashed out about 35 million shares, or 20% of its stake in the oil titan, earnings show. Buffett’s company may have sold shares in Taiwan Semiconductor and two US banks, one analyst said. Loading Something is loading. Thanks for… Continue reading Warren Buffett’s Berkshire Hathaway reveals it sold about $6 billion of Chevron stock last quarter
BANK OF AMERICA: Buy these 16 healthcare stocks to capture their collective 50% upside ahead of a sector rally
Bank of America says healthcare stocks are usually strong performers in economic downturns. Their solid earnings and low valuations should help healthcare stocks going forward. The firm named 16 favorite stocks in the sector, including 3 that it thinks could double in price. Healthcare stocks aren’t having a great year, but Bank of America says… Continue reading BANK OF AMERICA: Buy these 16 healthcare stocks to capture their collective 50% upside ahead of a sector rally
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