Expert weighs in after Federal Reserve raises interest rates for 1st time in 3 years
The U.S. Federal Reserve is increasing its efforts to tamp down inflation.
On Wednesday, U.S. Federal Reserve Chair Kevin Warsh announced that the central bank is raising its benchmark rates by 0.25%.
The 12-member policymaking board, including Trump-appointed U.S. Federal Reserve Chair Kevin Warsh, voted unanimously in favor of the rate increase.
Read MoreAnalyst Says Bitcoin ETFs Could Triple Gold. What Does It Mean for BTC Price?
Bloomberg senior ETF analyst Eric Balchunas says Bitcoin ETFs will eventually hold three times as much money as gold ETFs. At today’s levels, that is a huge call.
Global gold ETFs held about $615 billion at the end of August.
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Read MoreDow Jones Futures Fall, Techs Tumble As Oil Prices Rise, Anthropic Leads AI Slowdown Call
Dow Jones futures fell early Monday, along with S&P 500 futures and especially Nasdaq futures. Crude oil prices jumped while AI stocks are under pressure after artificial intelligence leaders called for slowing AI model development. Treasury yields and the upcoming Federal Reserve meeting also are key this week. The stock market fell last week,
Cathie Wood Sees Hidden Value in SpaceX While Analysts Remain Divided
Cathie Wood calls SpaceX a deep value play at a price-to-sales ratio of 85, while Scott Galloway sees the opposite staring at the same numbers. The case for each hinges on a single question neither side can fully answer yet.
SpaceX (NASDAQ:SPCX | SPCX Price Prediction) was trading over $150 intraday,
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Read MoreFederal Reserve official says fighting inflation likely to be ‘painful’
By CHRISTOPHER RUGABER, AP Economics Writer
WASHINGTON (AP) — A top Federal Reserve official said Monday that stubbornly high inflation and the renewal of combat in the Middle East in August were key reasons she supported raising borrowing costs last week, when she also penciled in a second rate hike for later this year.
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Read MoreThe Burst
Buffett’s Mystery Holding Unveiled: How To Play It
Speculation has been rife for some time about why Berkshire Hathaway requested special exemption from disclosure of a holding that most likely it has been building a position in.
Buffett knows as well as anyone that his holdings are carefully observed and many followers plough into them with abandon when revealed.
He also has admitted that so few purchases will move the needle for Berkshire now that it’s like trying to find a needle in a haystack.
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Read MoreThe Ivy
Got $3,000? Here Are 3 Best Warren Buffett Stocks to Buy
Warren Buffett’s portfolio at Berkshire Hathaway has been an excellent source of ideas for generations of investors. Even though the Oracle of Omaha is pulling back to cash heavily this year, there are still some fantastic stocks being held at Berkshire that appear undervalued and bear watching.
Here are three of the best Buffett stocks to look into if you have a few thousand dollars to put to work in today’s market.
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Read MoreThe Spotlight
Markets Are Going FULL Leptokurtic, What You Need To Know Now
If you look up the definition of leptokurtic, the dictionary explanation is:
- (of a frequency distribution or its graphical representation) having greater kurtosis than the normal distribution; more concentrated about the mean.
That probably didn’t clarify things a whole lot if you’re not a statistician but in essence leptokurtic refers to a flatter distribution with fatter tails.
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