Warren Buffett’s Berkshire Hathaway Inc on Wednesday said it boosted its stake in Amazon.com Inc by 11% during the second quarter, increasing its bet on the powerful online retailer even as stocks traded near record highs.
Wall Street sold off sharply on Wednesday as recession fears gripped the market after the U.S. Treasury yield curve temporarily inverted for the first time in 12 years.
Microsoft Corp said on Wednesday it updated its privacy policy to let customers know that it had been collecting voice data of its users with the help of employees and contractors.
Billionaire investor William Ackman’s hedge fund Pershing Square Capital Management has made a new bet on Warren Buffett’s Berkshire Hathaway Inc , according to a regulatory filing made on Wednesday.
Warren Buffett’s Berkshire Hathaway Inc on Wednesday said it boosted its stake in Amazon.com Inc by 11% during the second quarter, as U.S. stock indexes traded near record highs.
It takes a lot to kill an economic expansion, typically requiring a major shock to bring growth to a halt and trigger a U.S. recession.
In December 2017, I looked at the dividend safety of Apollo Commercial Real Estate (NYSE: ARI).
Back then, SafetyNet Pro and I determined that the 9.8% yield was safe. The stock received an “A” rating because the company generated plenty of net interest income (NII).
A reader requested that I revisit Apollo Commercial Real Estate, his interest likely sparked by my recent recommendation of the stock in the July issue of The Oxford Income Letter.
Apollo Commercial Real Estate is a mortgage real estate investment trust (REIT). It borrows money short term and lends it out longer term at higher rates. The difference …read more […]
Billionaire investor William Ackman’s hedge fund Pershing Square Capital Management made a new bet on Warren Buffett’s Berkshire Hathaway Inc , according to a regulatory filing made on Wednesday.
Fidelity Investments on Wednesday won its court battle with the U.S. Internal Revenue Service over tax credits for the production of chemically treated coal.
Wall Street sold off sharply on Wednesday, with the Dow registering its largest one-day point drop since October 2018 as investors were gripped by increased concerns about a recession after the U.S. Treasury yield curve temporarily inverted for the first time in 12 years.
Many of us woke up this morning to another round of heavy selling pressure – which is being attributed to inverted yields on the two-year Treasury vs. the 10-year Treasury.
What exactly does that mean, and why is it so alarming?
First off, it means that the two-year yield is now higher than the 10-year yield.
Secondly, it’s the first time since 2007 that this has occurred. Whenever this does happen, it’s considered a reliable indicator of an economic recession.
In fact, according to research from Credit Suisse, this yield curve inversion has preceded every recession over the past 50 years – with a …read more […]
Novartis AG said on Wednesday it replaced the two top research and development executives at its Avexis unit after some data was manipulated from early testing of a gene therapy for infants that costs more than $2 million.
The U.S. Treasury yield curve temporarily inverted on Wednesday for the first time since June 2007 in a sign of investor concern that the world’s biggest economy could be heading for recession.
Oil prices shed 3% on Wednesday after fresh Chinese and European economic revived global demand fears and U.S. crude inventories rose unexpectedly for the second week in a row.
Equity markets tanked and oil prices fell sharply on Wednesday after a closely watched bond indicator pointed to the growing risk of a U.S. recession that was heightened by data showing Germany’s economy in contraction and China’s worsening.
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