Banking/Credit

Warren Buffett’s chip-stock purchase is a classic example of why you want to be ‘greedy only when others are fearful’

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Warren Buffett's chip-stock purchase is a classic example of why you want to be 'greedy only when others are fearful'

This has been quite a year for Berkshire Hathaway and CEO Warren Buffett. The conglomerate just disclosed its investments in other companies as of the end of the third quarter, and one name — and one industry — stands out. In its 13F filing with the the Securities and Exchange Commission on Nov. 14, Berkshire … Read more

Crypto and tech are the first dominoes to fall as stimulus liquidity dries up, says this money manager. Here’s what could happen next.

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Crypto and tech are the first dominoes to fall as stimulus liquidity dries up, says this money manager. Here's what could happen next.

Markets probably didn’t need another more brick on the 2022 wall of worries, but got one anyway as FTX, the world’s third largest crypto exchange, is teetering on a collapse that could upend already shaky broader risk appetite. Read: Sequoia on its FTX investment: Some surprise to the upside, and some surprise to the downside … Read more

Was Fed’s Powell dovish or not? 4 key takeaways from Wednesday’s press conference

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Was Fed's Powell dovish or not? 4 key takeaways from Wednesday's press conference

Investors reacted as if Fed Chairman Jerome Powell’s press conference Wednesday was dovish, but many economists think it was on the hawkish side of the street. Here are some of the key takeaways from Powell’s hour-long discussion with reporters about the state of the economy and central bank policy: Read: Fed jacks up rates to … Read more

Was Fed’s Powell dovish or not? 4 key takeaways from Wednesday’s press conference

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Was Fed's Powell dovish or not? 4 key takeaways from Wednesday's press conference

Investors reacted as if Fed Chairman Jerome Powell’s press conference Wednesday was dovish, but many economists think it was on the hawkish side of the street. Here are some of the key takeaways from Powell’s hour-long discussion with reporters about the state of the economy and central bank policy: Read: Fed jacks up rates to … Read more

Visa tops earnings expectations as CFO sees ‘no evidence of a pullback’ in spending

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Visa tops earnings expectations as CFO sees 'no evidence of a pullback' in spending

Visa Inc. topped expectations with its latest results Tuesday and gave an upbeat signal to investors about the resilience of spending volumes in the current macroeconomic climate. Amid increasing unease about the state of the consumer given factors like rising inflation and higher interest rates, Visa V, -0.83% joined fellow card company American Express Co. … Read more

Tesla stock rises after EV maker reports better-than-expected Q2 profit, jump in sales

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Tesla stock rises after EV maker reports better-than-expected Q2 profit, jump in sales

Tesla Inc. late Wednesday reported second-quarter earnings above Wall Street projections, defying expectations that COVID-related shutdowns in China would hurt its bottom line, thanks to vehicle price increases and selling of most of its Bitcoin. The quarter was challenging, but “we have the potential for record-breaking second half of the year,” barring force majeure and … Read more

Buying stocks now could bring you pain over the next few weeks. But you’ll be thanking yourself a year from now, these analysts say.

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Buying stocks now could bring you pain over the next few weeks. But you'll be thanking yourself a year from now, these analysts say.

How bad is the mood out there right now? Try max bearish. So said Bank of America’s latest fund manager survey on Tuesday that showed expectations for profits and growth at recessionary levels. Yet Wall Street rallied and more gains are ahead for Wednesday, partly on earnings optimism but also as some see all this … Read more