BRK Berkshire Hathaway Q2 2022 earnings

An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stand during the first in-person 2019 annual meeting of Berkshire Hathaway Inc in Omaha, Nebraska, US April 30, 2022. Scott Morgan Reuters Berkshire HathawayOperating profits jumped in the second quarter despite fears of a slowdown in growth, but Warren Buffett’s conglomerate … Read more

Bank card use booms amid inflation, but it surely’s not a ‘pink flag’

The strongest indicator of whether someone can pay their bills is whether they have a job. Michele Raneri vice president of US research and consulting at TransUnion However, experts say that the jump in usage alone is not a sign of trouble. “I’m not seeing anything that I would really declare as a red flag,” … Read more

Is the financial system in recession? economists prime weight i

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

A ‘shakeout’ amongst mortgage lenders is coming

A sign hangs from a branch of Banco Santander in London, UK, Wednesday, February 3, 2010. Simon Dawson | Bloomberg via Getty Images Banks and other mortgage providers have been hit by the increased demand for loans this year, as a result of the Federal Reserve. interest rate hikes. Some firms will be forced to … Read more

A ‘shakeout’ amongst mortgage lenders is coming

A sign hangs from a branch of Banco Santander in London, UK, Wednesday, February 3, 2010. Simon Dawson | Bloomberg via Getty Images Banks and other mortgage providers have been hit by the increased demand for loans this year, as a result of the Federal Reserve. interest rate hikes. Some firms will be forced to … Read more

Morgan Stanley on the underside of the market and expertise shares, Nasdaq

Stocks rose sharply in July, with the Nasdaq rebounding from earlier declines. And Wall Street is debating whether the markets are beaten yet. Growth stocks such as technology have fallen sharply this year due to monetary tightening, recession and other risks. And Morgan Stanley warned in an Aug. 3 report that while the Nasdaq has … Read more

Jim Cramer says Congress spending payments might make inflation worse, however he is nonetheless bullish

CNBC’s Jim Cramer said Wednesday that two of Congress’ behemoth spending bills are worrying about the trajectory of inflation. “I’m still a bull – I felt strongly since June when I saw that commodities were going in the right direction. And I would be very confident about wage inflation as well, if not for Congress,” … Read more

Easy methods to place as a bull market is coming

Asset manager Dan Veru believes that US stocks could go through a continuous decline, before starting a “powerful rally” by the end of the year. A major rally in US stocks in July led to expectations of a continued recovery for equity markets. Speaking on CNBC’s “Squawk Box Europe” before the start of the US … Read more

Robinhood’s Tenev says retail brokerage agency not thinking about promoting itself regardless of struggles

Vlad Tenev, CEO and co-founder of Robinhood Markets, Inc., is shown on a screen during his company’s IPO at the Nasdaq Market location in Times Square in New York City, U.S., July 29, 2021. Brendan McDermid | Reuters Robinhood CEO Vlad Tenev said on Wednesday that the retail brokerage is not looking to be acquired … Read more

The charts counsel now is a good time to purchase gold, says Jim Cramer

CNBC’s Jim Cramer told investors on Wednesday that gold is about to rally, making now the best time for investors to pounce. “The charts, as interpreted by the legendary Larry Williams, indicate that the general public is surrendering to gold en masse and thinks that this is the perfect entry time to make some purchases,” … Read more