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Day: April 30, 2022

Warren Buffett rips Wall Street for turning the stock market into ‘a gambling parlor’

Berkshire Hathaway CEO Warren Buffett lambasted Wall Street for encouraging speculative behavior in the stock market, effectively turning it into a “gambling parlor.” Buffett, 91, spoke at length during his annual shareholder meeting Saturday about one of his favorite targets for criticism: investment banks and brokerages. “Wall Street makes money, one way or another, catching …

Warren Buffett rips Wall Street for turning the stock market into ‘a gambling parlor’Read More

Weekly Economic & Financial Commentary: How Much Will the Fed Tighten Next Week?

Summary United States: GDP Head Fake Obscures Otherwise Intact Fundamentals In a jampacked week of economic data, Thursday’s negative GDP growth print took center stage. The U.S. economy contracted at a 1.4% annualized rate in Q1-2022. The weak headline figure raises concern at first glance, but the details of the report suggest underlying demand remained …

Weekly Economic & Financial Commentary: How Much Will the Fed Tighten Next Week?Read More

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