Warren Buffett’s Berkshire Hathaway spent a net $3.7 billion on stocks last quarter – and plowed another $1 billion into buybacks

Warren Buffett’s Berkshire Hathaway reported higher third-quarter revenues and operating profits. Buffett’s company spent a net $3.7 billion on stocks, and repurchased $1 billion of shares. Berkshire’s cash pile grew to $109 billion, after shrinking 28% in the first quarter. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Warren Buffett’s Berkshire Hathaway spent a net $3.7 billion on stocks last quarter – and plowed another $1 billion into buybacks

‘The Fed has to do the dirty work’ and induce a US recession that’s deeper than Europe’s as the economy is clearly overheating, BofA says

The Federal Reserve has to do the “dirty work” of bringing labor demand down to match supply, Bank of America analysts said. As a result, the US will face a deeper recession than Europe, where the labor market is already much weaker.  BofA sees the Fed hiking the benchmark rate to 5.25%, while the European… Continue reading ‘The Fed has to do the dirty work’ and induce a US recession that’s deeper than Europe’s as the economy is clearly overheating, BofA says

Barry Choi: Prices are up, but snowbirds can still save on their winter escape

Don’t miss: Points are great, but cash is king. Earn real money on gas, dinner, clothes and more with this app You could save hundreds — or possibly thousands — in interest by improving your credit score. Check it for free today Commission creep is real. Avoid high fees from eating into your investments with… Continue reading Barry Choi: Prices are up, but snowbirds can still save on their winter escape

Jack Mintz: Trudeau follows Biden down the path to economic ruin

It is ironic that Prime Minister Justin Trudeau’s Liberals chose the same unsuccessful policy path as the Democrats in Thursday’s fiscal update Publishing date: Nov 04, 2022  •  1 day ago  •  4 minute read  •  151 Comments U.S. President Joe Biden, right, and Prime Minister Justin Trudeau. Photo by PHIL NOBLE/POOL/AFP In next week’s midterm… Continue reading Jack Mintz: Trudeau follows Biden down the path to economic ruin

Terence Corcoran: Chrystia Freeland brings Chinese-capitalism to Ottawa

Missing in Ottawa’s economic update is recognition of the ideological flip that’s taking place Publishing date: Nov 04, 2022  •  1 day ago  •  9 minute read  •  146 Comments Canada’s Deputy Prime Minister and Minister of Finance Chrystia Freeland is congratulated after delivering the fall economic statement in the House of Commons on Parliament Hill… Continue reading Terence Corcoran: Chrystia Freeland brings Chinese-capitalism to Ottawa

Ottawa reveals plan for new tax on stock buybacks

The tax plan is expected to increase federal revenues by $2.1 billion over five years Publishing date: Nov 03, 2022  •  1 day ago  •  5 minute read  •  13 Comments Deputy Prime Minister and Minister of Finance Chrystia Freeland attends a news conference about the fall economic statement in Ottawa. Photo by Blair Gable/Reuters The… Continue reading Ottawa reveals plan for new tax on stock buybacks

Ottawa willing to accept lower returns, more risk to put $15-billion growth fund to work

The fund will invest in industrial emitters, clean-tech companies and other companies ‘across low-carbon supply chains’ Publishing date: Nov 03, 2022  •  1 day ago  •  3 minute read  •  32 Comments Deputy Prime Minister and Minister of Finance Chrystia Freeland and Prime Minister Justin Trudeau before delivering the fall economic statement on Parliament Hill in… Continue reading Ottawa willing to accept lower returns, more risk to put $15-billion growth fund to work

Stock Market Today: Stocks Swing Wildly After October Jobs Data

The latest jobs report sent markets on a wild ride Friday. Early this morning, the October jobs report showed that nonfarm payrolls rose by 261,000 last month, well above economists’ consensus estimate for 193,000. On the plus side, this marked a sharp decline from the 315,000 jobs added in September. Additionally, the unemployment rate edged… Continue reading Stock Market Today: Stocks Swing Wildly After October Jobs Data