Dilip Kumar, a prominent investor, has sparked a conversation about India’s approach to technology and innovation. In a long post on X, he expressed deep concerns that the country is treating technology superficially, rather than fostering real innovation. Mr Kumar argued that India will struggle to compete with the US and China in technology if…
Here’s Warren Buffett’s tip for avoiding big mistakes in the stock market — and why he says you can ditch the gurus When it comes to investing, few command more respect than Warren Buffett. The reason is simple: from 1964 to 2023, his company, Berkshire Hathaway, delivered an astonishing overall gain of 4,384,748%. That kind…
By Lewis Krauskopf and Suzanne McGee NEW YORK (Reuters) – The rally in U.S. stocks is encountering a fresh hurdle — a potentially problematic rise in Treasury yields as the Federal Reserve signals fewer interest rate cuts for 2025. The central bank’s rate outlook on Wednesday included only two cuts in the coming year, rather…
Investors are growing increasingly bullish as the stock market rally rolls on to end 2024. In Bank of America’s December Global Fund Manager Survey, 36% of respondents said they’re overweight US equities, the highest level seen in the survey’s history. This large shift into US stocks came alongside a record-low allocation to cash and a…
By Lewis Krauskopf NEW YORK (Reuters) – A banner year for U.S. stocks gets one of its last big tests with the coming week’s Federal Reserve meeting, as investors await the central bank’s guidance on interest rate cuts. The Nasdaq Composite index breached 20,000 for the first time ever in the past week, another milestone…
STORY: Wall Street’s main indexes closed lower on Tuesday as investors awaited key inflation data that could influence the Federal Reserve’s decision on interest rates next week. The Dow, S&P 500 and Nasdaq all dropped between roughly one-third to one-quarter of a percentage point. The Consumer Price Index, due on Wednesday, is expected to show…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Millions of Americans dream of early retirement, but it’s becoming harder to exit the workforce amid rising costs and a lack of savings. A national survey shows that about 55% of Generation X – individuals aged between 44…
Give Donald Trump credit for this: he can turn practically anything into a reality show, including picking a Treasury Secretary. The media had followed the selection process on a daily, and sometimes hourly, basis as Trump auditioned a number of candidates in recent weeks for the top economic post in his second Administration. On Friday,…
Wall Street opened lower Tuesday while escalating tensions in the Russia-Ukraine war prompted investors to shift toward traditional safe-haven assets including gold and Treasury bonds. The S & P 500 fell 0.5 percent in early trading, with the Dow Jones Industrial Average dropping 319 points, or 0.7 percent. The Nasdaq composite also slid 0.5 percent….
By Lewis Krauskopf NEW YORK (Reuters) – A U.S. stock rally fueled by Donald Trump’s election victory is stumbling, as investors contend with everything from renewed inflation worries to uncertainty over the impact of the president-elect’s policies. The S&P 500 fell 2% in the past week, erasing more than half its gains from a post-election…