The famed investor expects the central bank will be sure to tamp out inflation before starting to lower rates so as to avoid a repeat of the 1970s.
Category: Finance News
India overtakes Hong Kong to become the world’s seventh largest stock market
India has been a standout market this year in the Asia-Pacific region, while Hong Kong is the worst performer among the region’s major equity markets.
Warren Buffett’s Berkshire Hathaway continues to sell HP shares, reducing stake to 5.2%
Berkshire still owns 51.5 million shares of HP. The position is worth about $1.6 billion based on Monday’s close of $30.37.
Here’s how advisors are using Roth conversions to reduce taxes for inherited IRAs
Roth individual retirement account conversions have become more attractive for legacy planning, experts say. Here’s what retirees and their heirs need to know.
Stocks making the biggest moves midday: Macy’s, Cigna Group, Eli Lilly, Paramount and more
These are the stocks posting the largest moves in midday trading.
Citi sees a big year for stocks in 2024 with S&P 500 finishing at 5,100
Citi set a year-end target of 5,100 for the S&P 500 and advocated for a shift away from mega-cap stocks to play to the broadening of the market rally.
Regulators caught Wells Fargo, other banks in probe over mortgage pricing discrimination
Wells Fargo, until recently the biggest player in U.S. mortgages, has repeatedly felt regulators’ wrath over missteps involving home loans.
This is the biggest year-end tax issue for high-net-worth clients, advisor says
Several key provisions from the Tax Cuts and Jobs Act are slated to expire after 2025. Here’s what one provision means for high-net-worth investors.
Spanish economist picked to lead the EU’s massive lending unit lays out her priorities
Nadia Calviño, newly-appointed head of the European Investment Bank, on speeding up procedures, increasing MDB collaboration, and AI regulation.
Stocks making the biggest moves premarket: Cigna, Macy’s, Snap and more
These are the stocks posting the largest moves in premarket trading.