Warren Buffett’s stock buying spree slows down even during the big market pullback. this is why

Warren Buffett’s stock-buying spree slowed sharply in the second quarter, even during the big market correction, and analysts said the “Oracle of Omaha” may be preserving capital for other uses. Berkshire Hathaway’s net purchase of shares fell to $3.8 billion in the second quarter, compared with more than $41 billion in the first quarter, the … Read more

Climate Groups React to Senate Passage of Inflation Reduction Act

Mint Images | Mint Rf Imaging | fake images The Senate passed the most ambitious climate spending package in US history. Sundaysparking optimism among environmental advocates after months of gridlock over President Joe Biden’s emissions-cutting agenda. Called the Inflation Reduction Act, the legislation allocates $369 billion for US energy security and combating climate change. Vice … Read more

For tech workers who missed IPO payday, it’s time to rethink the job market

A banner of Snowflake Inc. celebrating the company’s IPO is displayed on the New York Stock Exchange (NYSE) in New York, the U.S., September 16, 2020. Brendan McDermid | Reuters AI software startup DataRobot may not be a name many in the general public know, but its workers have been through a well-known problem in … Read more

AI-powered drug hunters are nearing a pivotal stage in their development

Efforts to use artificial intelligence to discover drugs have been underway for about a decade, but industry watchers predict a tipping point is coming for investors, who have been looking for ways to determine how drugs should be valued. early AI drug developers. AI and machine learning offer the potential to accelerate the search for … Read more

Does the Inflation Reduction Act violate Biden’s $400,000 fiscal promise?

JimWatson | Afp | fake images Senate Democrats’ package on climate change, health care, drug prices and tax measures unveiled last week has supporters and opponents debating whether the legislation violates a promise by the president. Joe Biden has done since his presidential campaign, a not raise taxes in households with incomes below $400,000 a … Read more

Inflation takes over as the next big focus for markets after July’s monster jobs report

Investors shifted their focus to inflation in the week ahead, after July’s strong jobs report signaled that the Federal Reserve may need to take an even tougher stance on interest rate hikes. It could also be a week for investors to watch whether rising Treasury yields begin to dampen the tech sector’s summer rally. The … Read more

The US economy has yet to face its biggest recession challenge

A person removes a pump nozzle at a gas station on July 29, 2022 in Arlington, Virginia. Olivier DouliĆ©ry | AFP | fake images It would be hard now to find a recession in the rear view mirror. However, what follows down the road is another story. There is no historical precedent that indicates that … Read more

Retirees may be focusing on the wrong risks to their financial security

Sporrer/Rupp | Image source | fake images Market declines may stoke retirees’ fears that they will no longer have enough assets to live on. But it turns out that may not be the biggest financial risk they should be on the lookout for in retirement. Instead, longevity — prospective retirees may live longer than expected … Read more

Is the economy in recession? The best economists say

‘We should have an objective definition’ Officially, the NBER define a recession as “a significant decline in economic activity that spreads throughout the economy and lasts for more than a few months.” In fact, the latest quarterly gross domestic product report, which tracks the overall health of the economy, showed a second contraction in a … Read more