Warren Buffett (L), CEO of Berkshire Hathaway, and Vice Chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019. Johannes Eisele | AFP | Getty Images Warren Buffett will kick off Berkshire Hathaway‘s annual shareholder meeting this Saturday riding high, with shares of the conglomerate at a record and its
Traders on the floor of the New York Stock Exchange. Source: NYSE April’s jobs report and a barrage of earnings news make for another busy week for markets, as the calendar rolls into May. Stocks notched solid gains in April, as REITs, consumer discretionary names and communications services companies outpaced the broader market, all more
Analytics firm Placer.ai reported that traffic in a 52-mall sample was up 86 percent over March, 2020. And while that still lags March 2019, mall owners believe we are in rebound mode. What is unknown is how long the pent-up demand will last. And as my colleague Pam Danziger recently reported, a survey of 1,000+
Stacks of lumber are offered for sale at a home center on April 05, 2021 in Chicago, Illinois. Scott Olson | Getty Images As the housing market gets leaner, potential buyers are turning in record numbers to new construction, but several factors are making those homes pricier than ever before. First is a major shift
US household incomes last month surged by the most on record, boosted by a fiscal stimulus that also drove a sharp increase in spending, laying the groundwork for strong economic growth in the second quarter. Personal incomes climbed 21.1 per cent in March from the previous month, the commerce department said on Friday, a record
A suburban Chicago hospital saw its ratings raised several notches after joining forces with a better heeled system, highlighting the appeal of consolidation for independent hospitals that Moody’s Investors Service says shows no signs of slowing. Moody’s this week raised Northwest Community Healthcare’s debt rating to Aa3 from A2 after security on $220 million of
Munis lost ground Thursday with two to four basis point cuts to triple-A benchmark yields after U.S. Treasuries weakened with better economic data pouring in as the month closes out. Cash flowed into municipal bond mutual funds again at $1.64 billion with high-yield making up $630 million of it, as investors fearing rising taxes. Fund
A man looks at GameStop at 6th Avenue on February 25, 2021 in New York. John Smith | Corbis News | Getty Images GameStop‘s stock price climbed in extended trading Monday after the video game retailer said it sold 3.5 million additional shares, raising $551 million to speed up the company’s e-commerce transformation. The stock, favored
President Joe Biden addresses a joint session of Congress at the U.S. Capitol in Washington, U.S., April 28, 2021. Doug Mills | Reuters If the stock market is considered a barometer of success, Joe Biden’s first 100 days in office is starting off with a bang…a big bang. Since the election, the S&P 500 is
Facebook’s logo displayed on a phone screen and keyboard. Jakub Porzycki | NurPhoto via Getty Images Check out the companies making headlines in midday trading. Ford — Shares of the automaker fell more than 9% on Thursday after Ford said it expected to lose half of its second-quarter production due to the global semiconductor shortage.
On Manhattan’s Billionaires’ Row, just off Central Park, a luxury four-bedroom residence is up for sale. Featuring ten-foot ceilings, four-and-a-half bathrooms and an eat-in kitchen, the unit also includes 24-hour concierge service. The catch? Good luck finding it on the open market. The seller, whose identity was not disclosed, is soliciting offers from just a
Financial advisors have seen clients make very smart, and pretty dumb, 401(k) plan decisions. FatCamera | Getty Images Lower-income homeowners could benefit from a new refinance program being launched by the U.S. government. Starting this summer, eligible borrowers will be able to refinance their mortgage at a reduced interest rate and lower monthly payment, saving
US economic growth received a boost in the first three months of 2021 from massive fiscal stimulus that fuelled consumer spending, as well as looser lockdown restrictions, bringing output close to pre-pandemic levels. Gross domestic product advanced 6.4 per cent on an annualised basis in the first quarter, the commerce department said on Thursday. That
Alex Oh, who was named head of the Securities and Exchange Commission’s vaunted enforcement division last week, abruptly resigned, an early setback for Gary Gensler’s tenure running the Wall Street regulator. The surprise move, announced Wednesday in an SEC statement, means Gensler won’t have his preferred pick leading what’s arguably the agency’s most important division.
As the Ethereum (ETH) network progresses along the slow and steady path toward Eth2 and the full transition to proof of stake, layer-2 solutions have arisen as the best solution to the current challenges associated with high gas fees and network congestion. One L2 solution that has emerged as a top choice for DeFi projects