Wall Street Shrugs Off Credit Worries Even as More Cracks Emerge
Top executives from across Wall Street dismissed fears of a brewing credit crisis — even as some of the industry’s biggest names set aside hundreds of millions more to cover potential losses.
Goldman Sachs Group Inc. Chief Executive Officer David Solomon downplayed such worries, arguing he doesn’t see any systemic risk looming in the credit market.
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Read MoreNvidia Stock Surged 5% on Tuesday to an All-Time High. Here's Why.
Shares of the AI tech leader are now up 49.7% so far in 2025.
Shares of Nvidia (NVDA +4.98%) jumped 5% on Tuesday to an all-time closing high of $201.03. This increase brings shares of the artificial intelligence (AI) tech leader to a year-to-date gain of 49.7%.
» Read more about: Nvidia Stock Surged 5% on Tuesday to an All-Time High. Here's Why. »
Read MoreWarren Buffett Just Hit the Sell Button for $4.1 Billion. Is the Oracle of Omaha Losing Faith in the Stock Market?
Key Points
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Berkshire Hathaway reported major stock sales last quarter.
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That includes a further reduction in one of Berkshire’s top holdings.
The Burst
Genius Billionaire Investing Strategy (Buffett Inspired)
After scouring through billionaire portfolios recently, something surprising jumped out. After doing a deeper dive, the genius of the strategy became apparent. It’s similar to a strategy Buffett employed pre-2020. Before getting into what Dalio did, let’s look at Warren Buffett’s famous position, and how smart it was but also how and why it ended poorly.
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Read MoreThe Ivy
1 Extraordinary Stock Sneaking Higher
History is littered with footwear stocks that have met their doom. Among the most prominent examples of recent years is Allbirds, which debuted on the public markets in 2021 and eclipsed $30 per share before plunging lower all the way to today’s price of around $1 per share.
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