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
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
‘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
Some economists expect the Federal Reserve to be more aggressive than the market expected, following July’s surprisingly strong jobs report. The economy added 528,000 jobs in July, more than double what was expected, and the unemployment rate even fell from 3.6% to 3.5%. Economists had expected job growth to have slowed from the previous month … Read more
People walk by the New York Stock Exchange on May 12, 2022 in New York City. Spencer Platt | Getty Images News | fake images Investment bankers hit with a Collapse in equity and debt issuance this year they’re in line for bonuses that are up to 50% smaller than 2021, and they’re the lucky … Read more
LONDON-FEB 3: Bank of England Governor Andrew Bailey leaves after a news conference at the Bank of England on February 3, 2022 in London, England. The Bank is expected to raise interest rates for a fifth consecutive meeting on Thursday, but faces a difficult balancing act between supporting growth and reining in inflation. Dan Kitwood … Read more
Large-cap stocks are generally seen as safe bets in periods of volatility, but plenty of Wall Street professionals think small-cap stocks look increasingly attractive as recession risks mount. Small-cap stocks have often received less attention compared to their larger counterparts due to the former’s perceived earnings volatility, greater insider bias and lower visibility. They are … Read more
Technology led the summer rally and needs to keep the momentum going if the market is to continue to rise into September, strategists say. The S&P technology sector posted a gain of about 13.5% in July. Those stocks are represented in the Technology Select Sector SPDR fund, which is down about 0.6% in the first … Read more
US stocks fell on Monday as all three major indices came off a solid month of trading gains in July, leaving investors wondering once again if the bear market rally is fading or if this it was just a small problem on a bigger bounce. In July, all three major indexes posted their best month … Read more
Here are the most important news investors need to start their trading day: 1. Stock futures in the red Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, on June 30, 2022. Brendan McDermid | Reuters US stock futures fell on Tuesday, as investors worried about inflamed geopolitical … Read more