Fed Vice Chair Clarida says it’s still too soon to tell on coronavirus, but will ‘respond accordingly’
Federal Reserve officials see the coronavirus as a significant threat to growth, but the extent of that is not known yet, Vice Chairman Richard Clarida said Tuesday. Stocks have sold off aggressively on fear that the COVID-9 virus will slow...
Consumer confidence rises less than expected in February
Consumer confidence rose less than expected in February as people’s assessment of current conditions wavered, data released Tuesday by The Conference Board showed. The consumer confidence index came in at 130.7, up from 130.4 in January. Economists polled by Dow...
Home prices increase 3.8% in December, a big jump from November, according to S&P Case-Shiller
A real estate agent readies a house for viewing in Venice, Calif. Anne Cusack | Los Angeles Times | Getty Images The housing market heated up at the end of 2019, and that was reflected in growing gains in home...
Fast-growing digital bank Revolut triples valuation to $5.5 billion
Nikolay Storonsky, chief executive of Revolut, on stage at the MoneyConf fintech event in Lisbon, Portugal. Seb Daly | Web Summit | Getty Images British financial technology start-up Revolut has raised $500 million in a fresh round of funding that...
The Netflix and Spotify tax: States are making streaming services more expensive
Your monthly bill for Netflix and Spotify may be going up. States are trying to capitalize on Americans’ growing fervor for digital consumption of movies, TV, music and other media content by taxing monthly subscriptions for streaming entertainment services. That...
Buffett sees economy ‘a little softer,’ says several Berkshire businesses impacted by coronavirus
Billionaire Warren Buffett said Monday that while the U.S. economy still looks healthy, it isn’t as robust as it was even half a year ago thanks to headwinds like the Trump administration’s trade war and the burgeoning coronavirus. “It’s strong,...
Coronavirus could spark a 20% tech pullback, investor Paul Meeks warns
Investor Paul Meeks is bracing for a bear market in technology. Meeks, who’s known for running the world’s largest tech fund during the dot-com boom, sees 20% pullback risks growing as the coronavirus outbreak spreads. “There is some comeuppance due,...
Read Warren Buffett’s annual letter to Berkshire Hathaway shareholders
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Buffett says it’s ‘almost certain’ stocks will beat bonds over long term if rates, taxes stay low
Warren Buffett says stocks are the place to be invested in for the long haul if interest rates and corporate taxes remain near current levels. “If something close to current rates should prevail over the coming decades and if corporate...
Fed officials downplay virus even as markets see rate cuts
When Wall Street expects the Federal Reserve to cut interest rates, should that influence the Fed’s decisions? Two Fed officials diverged on that issue in remarks Friday at a monetary policy conference in New York. The disagreement occurred just as...
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