Berkshire Hathaway BRK earnings Q2 2022

Berkshire Hathaway BRK earnings Q2 2022

An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stall during Berkshire Hathaway Inc’s first in-person annual meeting since 2019 in Omaha, Nebraska, USA, April 30 of 2022. Scott Morgan | Reuters Berkshire Hathaway’s operating profit rose in the second quarter despite fears of slowing growth, but Warren Buffett’s conglomerate … Read more

The US economy has yet to face its biggest recession challenge

The US economy has yet to face its biggest recession challenge

A person removes a pump nozzle at a gas station on July 29, 2022 in Arlington, Virginia. Olivier Douliéry | AFP | fake images It would be difficult now to find a recession in the rear view mirror. However, what follows down the road is another story. There is no historical precedent that indicates that … Read more

Stock futures rise ahead of July jobs report

Stock futures rise ahead of July jobs report

Elon Musk thinks we have passed the peak of inflation Elon Musk said he thinks we are past the peak of inflation and predicts a mild recession 18 months ahead. Musk’s comments came at Tesla’s 2022 shareholder meeting, held on August 4. “We get a little bit of information about where the prices of things … Read more

Europe’s markets open to close; key US jobs report, earnings in the spotlight

Europe’s markets open to close;  key US jobs report, earnings in the spotlight

LONDON (AP) — European markets were slightly lower Friday morning as investors followed corporate earnings and awaited a key US jobs report. The pan-European Stoxx 600 fell 0.3% in late morning trading, with media shares shedding 1.3% to lead losses, while telecoms added 0.6%. Markets have endured a cautious week as investors reacted to a … Read more

Taiwan’s Taiex rises 2%, RBI rate decision ahead

Taiwan’s Taiex rises 2%, RBI rate decision ahead

SINGAPORE – Taiwan stocks led gains in Asia-Pacific markets as investors brushed off China’s military drills following a visit by US House Speaker Nancy Pelosi. Taiwan’s Taiex rose 2.03%, with chipmaker TSMC rising 3%. The index traded lower this week as tensions between the United States and China increased over Pelosi’s trip. Markets appear unfazed … Read more

Morgan Stanley in technology stocks and market fund, Nasdaq

Morgan Stanley in technology stocks and market fund, Nasdaq

Stocks have rallied broadly in July, with the Nasdaq bouncing off earlier declines. And Wall Street is debating whether the markets have bottomed yet. Growth stocks, like tech stocks, have slumped across the board this year due to monetary tightening, the recession and other risks. And Morgan Stanley, in a report on August 3, warned … Read more

DoorDash, Beyond Meat, AMC and more

DoorDash, Beyond Meat, AMC and more

A DoorDash sign is displayed in a restaurant on the day they hold their IPO in New York on December 9, 2020. Carlos Allegri | Reuters Take a look at the companies making headlines after the bell: DoorDash: Shares of the food delivery company jumped 12% after a surge in revenue. DoorDash reported revenue of … Read more

Areas of the Great Barrier Reef show the most coral cover seen in 36 years

Areas of the Great Barrier Reef show the most coral cover seen in 36 years

In this photo provided by the Great Barrier Reef Marine Park Authority, Hardy Reef is seen from the air near the Whitsunday Islands, Australia. Giant Aerial Photography | Great Barrier Reef Marine Park Authority via AP Two-thirds of Australia’s Great Barrier Reef saw the most coral cover in nearly four decades, though the reef is … Read more

Weekly US Jobless Claims Rise to 260,000 Ahead of Nonfarm Payrolls Report

Weekly US Jobless Claims Rise to 260,000 Ahead of Nonfarm Payrolls Report

Initial jobless insurance claims totaled 260,000 last week, near the highest level since November amid a shift in the US job market. The total for the week ending July 30 was in line with the Dow Jones estimate but up 6,000 from the previous week’s downwardly revised level, the Labor Department reported Thursday. In other … Read more

The Bank of England launches the biggest interest rate hike in 27 years

The Bank of England launches the biggest interest rate hike in 27 years

LONDON — The Bank of England raised interest rates by 50 basis points on Thursday, their biggest increase since 1995, projecting Britain’s longest recession since the global financial crisis. The sixth consecutive increase brings borrowing costs to 1.75% and marks the first half-point increase since the bank became independent from the British government in 1997. … Read more