The Federal Reserve officials have recently announced that they are maintaining short-term interest rates for now, but there are signals that inflation is moving closer to the target rate. The FOMC statement after the meeting indicated that there has been some progress towards the 2 percent inflation goal, although inflation still remains somewhat elevated. This
Finance
On Tuesday, Russian lawmakers made a significant move by approving a new law that allows businesses to use cryptocurrency for international payments. The State Duma, the lower house of the Russian Parliament, gave the initial green light to the legislation, marking a historic decision in the financial sphere. Anatoly Aksakov, the head of the Duma,
Berkshire Hathaway, the investment conglomerate led by Warren Buffett, has been on a selling streak with its significant Bank of America stake. Over the course of nine consecutive trading days, Berkshire has sold a total of 71.2 million shares, amounting to over $3 billion in sales. The most recent regulatory filing revealed that Berkshire sold
This week marked a significant moment in the cryptocurrency markets as spot ether exchange-traded funds made their long-awaited debut. With Franklin Templeton leading the pack of nine applicants approved by the Securities and Exchange Commission, the introduction of these ETFs was met with both excitement and uncertainty. David Mann, the head of ETF product and
In a surprising turn of events, Berkshire Hathaway has been steadily decreasing its investment in Bank of America over the past six trading days. The conglomerate, headed by Warren Buffett, sold off an additional 18.9 million shares of the bank at an average price of $42.46, generating $802.5 million. This brings the total number of
The British Labour government has revealed plans to update regulations for the “buy now, pay later” industry in the near future. This move aims to protect consumers and provide more certainty in the sector. However, the specifics of these regulations and their potential impacts remain to be seen. One of the primary reasons for the
In a recent report by Bank of America analysts, it was revealed that four of the world’s largest semiconductor equipment manufacturers, including ASML, have experienced a significant increase in their China revenue since late 2022. This surge in revenue is attributed to China’s accelerated purchase of semiconductor manufacturing equipment following the U.S.’s tighter export restrictions
Alphabet, the parent company of Google, reported earnings that beat expectations in the second quarter. However, the stock slipped 1% in extended trading, mainly due to lower-than-expected revenue from its YouTube advertising segment. This suggests that investors are paying close attention to the individual segments of the tech giant’s business, looking for more consistent performance
The recent influx of money into small caps has caught the attention of many experts in the financial industry. Dave Nadig, an ETF journalist and financial futurist, believes that this trend is not simply a result of a rotation from winning growth trades. In an interview on CNBC’s “ETF Edge,” Nadig emphasized that investors are
Recent statements from top Chinese officials highlight the country’s commitment to prioritizing its own affairs amidst escalating trade tensions with other nations. Han Wenxiu, deputy director at the Chinese Communist Party’s central committee office for financial and economic affairs, emphasized that by focusing on internal affairs, China can ensure the smooth and steady progress of