Warren Buffett’s Best and Worst Investments Over His 55-Year Career
Warren Buffett returned a jaw-dropping 5,502,284 percent to shareholders over his 55-year reign atop Berkshire Hathaway—a figure that makes the S&
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Read MoreFederal Reserve ends enforcement action vs. Illinois bank
Andrew Harrer/Bloomberg
The Federal Reserve has ended an enforcement action against a small Illinois bank and its holding company.
The Fed Board ended its written agreement with Perry County Bancorp and its subsidiary, Du Quoin-based Du Quoin State Bank last week. The move,
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Read MoreUS Federal Reserve to stay patient amid cooling trade war and inflation
TAMER-THAN-EXPECTED inflation and a significant de-escalation of a US-China trade war are easing fears of a sharp squeeze on American households and businesses in coming months, prompting Wall Street firms to pare predictions of a recession and giving the US Federal Reserve room to leave interest rates where they are.
JPMorgan Chase and Barclays were among firms adjusting their forecasts on Tuesday (May 13) to reflect a more benign economic trajectory after the US and China reached a deal over the weekend to reduce the most punitive of the tariffs they had put on each other since early April.
» Read more about: US Federal Reserve to stay patient amid cooling trade war and inflation »
Read MoreCrude Oil Price Forecast: Bullish Momentum Builds as Crude Nears $64.06 Barrier
Bulls in Charge
Tuesday’s advance becomes more interesting when noticing the relatively bearish potential shooting star candle pattern from yesterday. It looks like bullish momentum went away. Now that it is back the momentum of the upswing has the potential to intensify. As the price of crude rises and takes out higher potential resistance zones,
» Read more about: Crude Oil Price Forecast: Bullish Momentum Builds as Crude Nears $64.06 Barrier »
Read MoreWhen’s the next Federal Reserve meeting? What to expect — and how it affects your finances
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The Burst
Is Cava’s Rapid Expansion a Risky Overstretch?
CAVA has been growing like a weed, now sporting 341 locations across 25 states. While the pace of new openings slowed slightly this year with just 33 new restaurants in the first 28 weeks of 2024 compared to 43 in 2023, the management still reported a solid 32.6% year-over-year revenue increase, and generated $487 million.
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Read MoreThe Ivy
Why Did Billionaire with Perfect Track Record Buy This Stock?
ZoomInfo Technologies Inc. (NASDAQ: ZI) might have won over legendary investor Stan Druckenmiller but the market hasn’t been so kind, punishing the stock to the tune of 37% year-to-date.
When management unveiled earnings last quarter, $303.6 million in top line sales failed to ignite enthusiasm given that it represented a 3.3% year-over-year decline.
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Read MoreThe Spotlight
The Greatest Trader In History?
Sometimes if you can’t beat ’em, you just have to join ’em. That might well be the case when it comes to Nancy Pelosi’s investment portfolio.
In online forums, her extraordinary outperformance has received enormous attention. How did Nancy Pelosi generate so much wealth on a politician’s salary is a common refrain.
Recently,