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Berkshire's Munger Heaps Criticism on Robinhood, Bitcoin May 2, 2021
Warren Buffett on Saturday likened the millions of inexperienced day traders who entered the stock market in the past year to gamblers, and said commission-free brokerages such as Robinhood Financial for promoted a casino-like atmosphere. Speaking at Berkshire Hathaway...
Treasury's Yellen Tamps Down Inflation Fears Over Biden Plan May 2, 2021
Treasury Secretary Janet Yellen on Sunday tamped down concerns that President Joe Biden's plans for infrastructure, jobs and families will cause inflation, saying the spending will be phased in over eight to 10 years.Yellen told NBC's "Meet the Press" that inflation will be...
Tech Stocks Are Mired in Unfamiliar Territory as Market Laggards April 18, 2021
Investors' love affair with technology stocks has cooled off noticeably this year.And while the upcoming deluge of earnings from the group may offer an opportunity to rekindle the romance, tech faces an uphill battle in commanding the type of devotion it once enjoyed in the...
US Factory Activity Expands at Fastest Pace Since 1983 April 1, 2021
U.S. manufacturers expanded in March at the fastest pace in 37 years, a sign of strengthening demand as the pandemic wanes and government emergency aid flows through the economy.The Institute for Supply Management, a trade group of purchasing managers, said that its measure...
US Weekly Jobless Claims Unexpectedly Rise April 1, 2021
The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, though the labor market recovery is gaining traction as economic activity picks up, driven by increased vaccinations and massive fiscal stimulus.Initial claims for state...
US Companies Add Most Jobs Since September, ADP Data Show March 31, 2021
U.S. private employers in March added the most jobs in six months, signaling that a pickup in Covid-19 vaccinations and business reopenings are encouraging hiring.Company payrolls increased by 517,000 during the month and February was revised up to a 176,000 gain, according...
Funds Betting on a Consumer Boom to Rival 'Roaring Twenties' March 27, 2021
Some of the world's top money managers are betting on a post-pandemic spending boom that will boost real-world companies as economies reopen and people go back to their normal lives.Investors from Aberdeen Standard Investments Inc. and GAM Investments to UBS Asset...
No Timeline Given for Extracting Wedged Ship From Suez Canal March 27, 2021
A giant container ship remained stuck sideways in Egypt's Suez Canal for a fifth day Saturday, as authorities made new attempts to free the vessel and reopen a crucial waterway whose blockage is disrupting global shipping and trade.Meanwhile, the head of the Suez Canal...
Congested Ports and Supply Chain Woes Hit US Factories and Stores March 21, 2021
The cold snap that gripped the United States in February not only caused chaos in Texas and the southwest, it also triggered a shortage in plastics that has disrupted a supply chain already under strain from a lack of microchips and growing congestion at ports as a result...
Celebratory 'Vaxications' Are Giving the Travel Industry a Boost March 7, 2021
Josephine Darwin, 65, marked March 3 on her calendar with the importance of a golden anniversary and planned to celebrate it with similar gusto. On that date, she and her husband, John, 67, would officially be immune-or as near as can be-from Covid-19. Newly vaccinated with...
Warren Buffett: 'Never Bet Against America' February 27, 2021
Not even the coronavirus pandemic could dampen Warren Buffett's enthusiasm for the future of America and his company Berkshire Hathaway Inc. Buffett used his annual letter to investors to assure he and his successors would be careful stewards of their money, where "the...
US Jobless Claims Fall to 730,000 but Layoffs Remain High February 25, 2021
The number of Americans seeking unemployment benefits fell sharply last week but remained high by historical standards.Applications for benefits declined 111,000 from the previous week to a seasonally adjusted 730,000, the Labor Department said Thursday.
US Existing Home Sales Up 23 Percent Over Last Year February 19, 2021
Sales of previously occupied U.S. homes rose again last month, a sign that the housing market's strong momentum from 2020 may be carrying over into this year.

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