Warren Buffett sold another slug of Bank of America Corp. stock after the lender repurchased enough of its own shares to nudge his stake back above 10% — a regulatory threshold that requires rapid disclosure. Buffett’s Berkshire Hathaway Inc. reaped about $370 million selling stock this week, according to a filingBloomberg Terminal Thursday detailing his…
The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving China’s somewhat disappointing weekend stimulus announcements the focus of market attention. Alfexe | Istock | Getty Images The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving…
Chinese stocks are on a roll relative to their US peers as optimism over Beijing’s stimulus measures triggered a dramatic rebound. If history is any guide, the rally may have a long way to go, DataTrek Research says. Consider the relative performance of the iShares China Large-Cap ETF (FXI) compared with the SPDR S&P 500…
A look at the day ahead in U.S. and global markets from Mike Dolan The final day of another punchy quarter for U.S. stocks has proven a more volatile affair overseas: China’s stellar stock recovery has added another whopping 8% pre-holiday, while Tokyo’s swoon on the new Japanese prime minister jarred in the other direction….
By Howard Schneider NASHVILLE, Tennessee (Reuters) – A mistake by the U.S. central bank in setting interest rates during the last phase of its inflation battle is the main risk that could undercut the economy over the next year, according to a new survey of economists released as Federal Reserve Chair Jerome Powell was set…
The People’s Bank of China (PBOC) building in Beijing, China, on Tuesday, April 18, 2023. China’s economy grew at the fastest pace in a year in the first quarter, putting Beijing on track to meet its growth goal for the year without adding major stimulus, while also helping to cushion the global economy against a…
It could be time to rethink popular portfolio strategies for a lower interest rate environment. The Federal Reserve’s half-percent rate cut on Wednesday marked the first time in more than four years it moved to lower the benchmark interest rate. According to VanEck CEO Jan van Eck, investors should start thinking about how the changing…
Softening US economic data spurred the Federal Reserve into decisive action this week to support growth. An even weaker set of data out of China has left investors puzzled why its government hasn’t also mounted a concerted response. In fact, Chinese fiscal policy has shown evidence of tightening, not loosening. Monetary policy similarly shows no…
The Federal Reserve kicked off its campaign to lower interest rates with a larger-than-typical half percentage-point cut, while the Bank of England decided against a second consecutive reduction. The Fed’s rate cut, which was larger than forecasters had generally anticipated, is Chair Jerome Powell’s attempt at ensuring a soft landing for the economy. In the…
To get John Authers’ newsletter delivered directly to your inbox, sign up here. The last few days have been an exercise in game theory. What were the main motivations for the Federal Reserve, and would that prompt them toward a cut of 0.25% or 0.5% in the fed funds rate? We have our answer, and…