China has more foreign exchange reserves than reported, a former Treasury official wrote. An additional $3 trillion is hidden in “shadow reserves,” such as state commercial and policy banks. “Not everything that China does in the market now shows up in the PBoC’s balance sheet.” Loading Something is loading. Thanks for signing up! Access your… Continue reading China is hiding $3 trillion of foreign currency in ‘shadow reserves,’ adding unknown risks to the global economy, former Treasury official says
Warren Buffett’s Berkshire Hathaway snaps up another $123 million in Occidental Petroleum stock, now owns 25% of the oil company
Warren Buffett’s Berkshire Hathaway now owns a little more than 25% of Occidental Petroleum after the latest purchases. Buffett’s conglomerate picked up another 2.1 million shares this week, according to SEC filings. Berkshire’s total holding of Occidental is worth around $13 billion, vested in 224 million shares. Loading Something is loading. Thanks for signing up!… Continue reading Warren Buffett’s Berkshire Hathaway snaps up another $123 million in Occidental Petroleum stock, now owns 25% of the oil company
These were the top 10 performing stocks in the S&P 500 in the first half of 2023
US stocks have surged in 2023, with the S&P 500 entering a new bull market after a difficult 2022.Everything from artificial intelligence hype to a rebound in cruise line travel helped drive performance.These were the top 10 performing S&P 500 stocks in the first half of 2023. Loading Something is loading. Thanks for signing up!… Continue reading These were the top 10 performing stocks in the S&P 500 in the first half of 2023
How AI Could Have Positive and Negative Effects on Cybersecurity: Kiplinger Economic Forecasts
Artificial intelligence (AI) is advancing at a rapid pace. To help you understand what is going on and what we expect to happen in the future, our highly-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You’ll get all the… Continue reading How AI Could Have Positive and Negative Effects on Cybersecurity: Kiplinger Economic Forecasts
The Best QQQ Stocks To Buy Now
The Invesco QQQ Trust (QQQ) is an exchange-traded fund that formed in 1999, and gives investors a cheap and easy way to gain exposure to many of the hottest tech and tech-adjacent stocks on Wall Street. The QQQ has been one of the best ETFs and best tech ETFs so far this year, with shares… Continue reading The Best QQQ Stocks To Buy Now
Stock Market Today: Nasdaq Ekes Out a Win Despite Chip Stock Weakness
A lack of market-moving headlines and low trading volume ahead of next week’s stock market holiday made for a choppy session Wednesday. Semiconductor stocks retreated on reports the Biden administration is considering more restrictions on chip sales to China, but strength in mega-cap tech stocks helped mitigate any damage. The three major equity benchmarks opened… Continue reading Stock Market Today: Nasdaq Ekes Out a Win Despite Chip Stock Weakness
Housing inventory is so tight in the US that prices are barely off of their all-time highs set last year
Thanks to lack of inventory, the median US home-sale price is just 0.9% lower than a year ago, per Redfin. Homes are selling on average for $383,000, about $4,000 less than the all-time high set last June. At the same time, Redfin reported that the average home is now selling for its asking price for… Continue reading Housing inventory is so tight in the US that prices are barely off of their all-time highs set last year
Foreign borrowers issue a record amount of yuan debt, helping internationalize China’s currency
Offshore yuan notes have reached a record issuance, as foreign borrowers take advantage of China’s lower rates. That’s as the country’s slumping economy has pressured China to ease its monetary policy. So far this year, $10.4 billion worth of so-called panda bonds have been issued in China by offshore borrowers. Loading Something is loading. Thanks… Continue reading Foreign borrowers issue a record amount of yuan debt, helping internationalize China’s currency
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