Warren Buffett’s Berkshire Hathaway has been steadily offloading Bank of America shares, with the total sales surpassing $7 billion since mid-July. The conglomerate reduced its stake to 11% after shedding 5.8 million BofA shares in separate sales. This latest action marks the 12th consecutive selling streak by Berkshire, matching the previous streak from July 17
Tangamagal
Japanese corporate spending on plant and equipment has risen significantly by 7.4% year-on-year in the second quarter, as reported by the Ministry of Finance. This data is a positive sign for the economy, indicating a potential domestic-led recovery in economic growth. With the upcoming release of revised gross domestic product (GDP) figures, the solid expenditure
In light of the upcoming Federal Reserve’s interest rate decision in September, there has been a noticeable shift towards dividend stocks among investors. Paul Baiocchi of SS&C ALPS Advisors has expressed his belief that this is a wise move, particularly due to his prediction of the Fed easing rates. This change in investment strategy is
The financial markets saw mixed action on Thursday, leading investors to adopt a cautious stance on Friday. The upcoming US economic reports will include the Personal Consumption Expenditures (PCE) Price Index data for June. This data is crucial as it is the Federal Reserve’s preferred gauge of inflation. Additionally, reports on Personal Income and Personal
The USD/JPY pair has experienced a substantial decline recently, reaching a low of 151.93 before beginning a recovery phase. However, the pair is facing significant resistance levels, with the main hurdle at 155.50. A clear break above this resistance could push the pair towards the 156.20 level. On the other hand, immediate support is seen