Profits rebounded at Warren Buffett’s conglomerate along with the value of its $353 billion stock portfolio in the second quarter to hit $35.9 billion, and many of Berkshire Hathaway’s assorted businesses also performed well, led by strong results in its core insurance businesses, particularly Geico.
Read More
Over the past few weeks investors have been squarely focused on inflation and Fed policy, but now market reactions are getting bigger for earnings.
Read More
Warren Buffett has no reason to be worried about the approximately 15% drop of the S&P this year. His portfolio is up – big.
Read More
Many investors are still nursing losses for the year. But stocks have come roaring back to life in the past few weeks. What’s happening in the stock market?
Read More
FANDEX, a Durham-based startup that built a marketplace for fantasy sports trading, has received a patent for its key technology.
Read More
Federal Reserve Chairman Jerome Powell took the stage and promptly threw cold water on any Wall Street hopes for a near-term pivot toward monetary easing.
Read More
Investors have gotten their hopes up again that the central bank will indicate it plans to ease up on hiking interest rates in its battle against rising prices.
Read More
A new report found that household wealth has plummeted globally in 2022, calling the change in wealth a ‘tectonic shift.’
Read More
There’s a growing number of analysts – and investors – expecting the Federal Reserve to raise interest rates soon – by as much as three-quarters of a point.
Read More
