Berkshire Hathaway Reports 40% Surge in Operating Earnings, Records $157 Billion in Cash Holdings
Berkshire Hathaway announced a substantial increase in its third-quarter operating earnings, accompanied by a substantial cash reserve due to limited investment opportunities, as observed by Warren Buffett. The Omaha-based conglomerate’s operating earnings, which encompass profits from various wholly-owned businesses, including insurance, railroads, …
FTC Warns of Scam Risks for Student Loan Borrowers Amid Payment Resumption
The Federal Trade Commission has issued a warning regarding the restart of student loan payments in October after a pause lasting over three years, cautioning the public about potential scammers seeking to exploit the situation. According to Ari Lazarus, a consumer education …
Federal Reserve Chair Powell Deems Inflation Excessive, Signals Readiness for Further Rate Increases
Federal Reserve Chair Jerome Powell delivered a keynote address at the Kansas City Fed’s annual retreat in Jackson Hole, Wyoming, urging increased caution in the battle against inflation and suggesting the potential for further interest rate hikes. Although he acknowledged progress in …
SEC charges trigger a $790 million withdrawal from Binance crypto exchange
After U.S. regulators announced 13 securities charges against Binance and its founder, Changpeng Zhao, crypto investors pulled $791.6 million from the crypto exchange in 24 hours. Investors moved their assets to several exchanges after FTX collapsed in November 2022, but Binance received …
New York Fed’s president John Williams says raising rates would be a positive event for the U.S. economy.
On Friday, New York Fed President John Williams said the Federal Reserve raising interest rates next year would signal the central bank good feeling about the country’s economic recovery. In an interview with CNBC’s Steve Liesman on Squawk Box, “I go into …
As Investors Worry About A Potential Economic Slowdown, The S&P 500 Falls 1%
On Wednesday, stocks fell as investors kept an eye on signs of a possible economic slowdown and kept a close watch on the bond market. The Dow Jones Industrial Average shed 269.24 points, or 0.81%, to close at 32,910.90. The S&P 500 …
Bank of America’s Hartnett Sees ‘Pain and Exit’ If S&P 500 Dips Below 4,000
According to Bank of America Corp. strategists, a drop below 4,000 index points for the S&P 500 will be a “tipping point,” potentially triggering a mass exodus from equities. Investors have already started fleeing stocks, with outflows from equity funds over the …
American citizens’ panic as Federal Government ends unemployment benefits Sept 4.
Last year, the Federal Government increased the safety net for those who don’t have a job to a historic degree. Most notably about this action was that the U.S. was experiencing a quick economic downturn in its history. In March 2020, the …
Debunking Common Personal Loan Myths
In recent years, financial data shows that Americans are more likely to use a credit card than any other mode of payment when they can’t pay for something in cash. The second most popular option, however, is taking out a personal loan. …
Tips to Avoid Defaulting on Your Student Loans
Many people find it necessary to take out student loans in order to fund their education. While it is usually a worthwhile endeavor, it also means paying that debt back monthly after graduation. Late or skipped payments make a loan delinquent, and …
