Buffett buys back record $5.1 billion in Berkshire stock as coronavirus hits operating earnings
Warren Buffett Gerard Miller | CNBC Berkshire Hathaway announced on Saturday it bought back a record amount of its own stock during the second quarter as the coronavirus pandemic dented operations for Warren Buffett’s conglomerate. The company said it repurchased $5.1 billion...
The end of $600 unemployment boost and slim job prospects leaves many struggling to survive
Fancy/Veer/Corbis | Getty Images Bianca Thomas was always working. Except on Sunday — that was church day. But in March, everything changed. Thomas lost her job as a prep cook in an eatery catering to Boston Bruins and Celtics season ticket...
US China Trade Agreement 1st Half Review – A Fail?
At the 2020 half way mark, China is on a run rate to meet just 20% of its energy product obligations; 47% of agricultural and 57% of manufactured goods purchases for a total of 48% of its overall 2020 targets...
What Marks the Spot for U.S. Dollar Weakness?
Recent U.S. dollar weakness is less pronounced when measured against the currencies of U.S. trading partners. The outlook for trade, and to a lesser extent inflation, relies more on demand at home and abroad. ‘Cause Everything Around Me is Falling...
Weekly Economic and Financial Commentary: Signs of Resilience
U.S. Review Service Elevator Despite rising virus case counts in July, unexpected strength in the service sector was evident in the economic data this week. The better-than-expected July jobs report was driven primarily by hiring in the service sector, which...
Weekly Focus: Will Markets Keep Their Nerve amid Rising US-China Tension?
While COVID-19 cases have been slowing down in the US as of late, infections have started to rise again in a number of European countries with the advent of the summer travelling season (see COVID-19 Update – Europe is postponing...
Forward Guidance: Expiration of Policy Supports, Unpredictable US Trade Policy Cloud Outlook Despite Sunnier Data
Early economic data from the recovery should continue to be upbeat over the next week. Persistently strong residential building permit issuance means Canadian housing starts probably ticked up in July from the 212k annual rate in June after not slowing...
Week Ahead – Sino-US Tech War Heats Up
Country US Further evidence could show that coronavirus is getting under control in the US. New cases and hospitalizations have been declining, however testing slowed down drastically in the east coast due to Hurricane Isaias. On Wednesday, inflation data is...
The jobs report was better than expected, but market worries gains will be fleeting without stimulus
A woman wearing a face mask walks past a sign in front of the US Department of Labor amid the coronavirus pandemic on April 29, 2020, in Washington, DC. Oliver Douliery | AFP | Getty Images Markets see a slight...
Stocks making the biggest moves midday: FedEx, T-Mobile, Uber & more
A FedEx logo on a delivery truck Jin Lee | Bloomberg | Getty Images Check out the companies making headlines in midday trading. T-Mobile — Shares of the wireless provider surged more than 8% to a new 52-week high on Friday...
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