Warren Buffett’s Berkshire Hathaway cut its Bank of America stake and other bets last quarter.
The investor’s company exited two S&P 500 funds and only added one new stock,
By GARY FIELDS, Associated Press
WASHINGTON (AP) — Evelyn Seabrook was able to buy a home even though she had only a high school diploma. Glenn Flood worked his way up the career ladder to become a public affairs officer for former Defense Secretary Donald Rumsfeld. And Calvin Stevens had a dual military and federal service career that took him to high levels in both.
MELBOURNE, Australia (AP) — Australia’s central bank on Tuesday reduced its benchmark interest rate for the first time since October 2020 as the nation’s inflation cools.
The Reserve Bank of Australia reduced the cash rate by a quarter percentage point from 4.35% to 4.1%. at its first board meeting for the year.
Elon Musk has repeatedly claimed that his so-called Department of Government Efficiency (DOGE) project had uncovered massive government fraud when it alleged that 150-year-olds were claiming Social Security benefits.
But Musk has provided no evidence to back up his claims, and experts quickly pointed out that this is very likely just a quirk of the decades-old coding language that underpins the government payment systems.
» Read more about: No, 150-Year-Olds Aren't Collecting Social Security Benefits »
Do you want to park your money for a year or more? Are you looking for the best after-tax returns? Consider investing in arbitrage mutual funds.Arbitrage funds look for arbitrage opportunities available between the cash and derivatives markets. In other words, the fund managers in these schemes look for the price difference that they can exploit between the cash and derivatives markets.
» Read more about: Best arbitrage mutual funds to invest in February 2025 »
On Jan. 2, 1988, U.S. President Ronald Reagan and Canadian Prime Minister Brian Mulroney signed a revolutionary free trade deal that removed tariffs on goods and services across the world’s longest border.
The treaty was not controversial in the U.S., but many Canadians feared it would eventually lead to a loss of political independence.
» Read more about: How Canada Got Hooked on the U.S. Economy »
HONG KONG — Shares in Asia were mostly up Tuesday, with Chinese technology stocks surging after Chinese President Xi Jinping met with entrepreneurs this week in what is seen as a show of support to the technology industry.
Hong Kong’s Hang Seng rose 1.64% to 22,986.88,
» Read more about: Stock market today: Asia stocks mostly up as China's technology stocks rally »
Most of what we are hearing is that interest rates will be cut today.
But there are still economists out there who aren’t as confident.
Some have argued more time needs to pass to truly ensure inflation is under control.
Reoccurring themes in their concerns include that the impacts of controversial government subsidies are not yet realised –
» Read more about: Westpac first bank to pass on saving as RBA cuts interest rate to 4.1 per cent »
I am an Investment Analyst, working in Fixed Income. I hold an Honor’s degree in Finance from the University of South Africa.
» Read more about: From Iron To Innovation: BHP's Bet On Tomorrow's Commodities »
SBI Mutual Fund, in partnership with the State Bank of India, has introduced JanNivesh SIP, a micro-investment initiative aimed at making mutual funds accessible to first-time investors and small savers across rural, semi-urban, and urban regions. By lowering the entry barrier, the scheme seeks to drive financial inclusion and encourage disciplined investing.
JanNivesh SIP offers flexible investment options starting at Rs 250,