ColumnsApril PCE Price Index Preview: Inflation May Show Positive Developments as Personal Spending Wanes
The Bureau of Economic Analysis will release the Personal Consumption Expenditure and the price index at 8:30 ET on Friday. Bloomberg economist Stuart Paul noted the Federal Reserve's preferred indicator may signal "encouraging progress" as consumer spending decelerates.
The monthly increase in PCE inflation is projected to remain at 0.3%, which would keep the annual headline inflation rate at 2.7%....
The monthly increase in PCE inflation is projected to remain at 0.3%, which would keep the annual headline inflation rate at 2.7%....
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$American Express(AXP.US$ has been one of Berkshire Hathaway's top five holdings for many years. According to the latest 13F filing, AXP accounts for 10.41% of Berkshire Hathaway's portfolio. What are the reasons for Buffett's long-term holding of this company?
■ AXP's unique business model is key to Buffett's favor
American Express is one of only two companies in the United States (the other being Discover) that is both a card...
■ AXP's unique business model is key to Buffett's favor
American Express is one of only two companies in the United States (the other being Discover) that is both a card...
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Warren Buffett's Berkshire Hathaway has disclosed a significant investment in the insurance company Chubb, revealing a position that had been kept confidential since the prior year. As of the end of March 2024, Berkshire Hathaway had accumulated nearly 26 million shares in Chubb, with the investment valued at around $6.7 billion. This stake, which accounts for 6.4% of Chubb, ranks as the ninth-largest holding within the B...
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The Dow Jones Industrial Average closed above 40,000 for the first time last Friday, marking a significant milestone as it doubled the index level reached shortly after Donald Trump took office as the 45th president.
The surge to this historic high had been anticipated earlier in April but faced delays due to robust economic indicators and March's inflation uptick, coupled with Federal Reserve of...
The surge to this historic high had been anticipated earlier in April but faced delays due to robust economic indicators and March's inflation uptick, coupled with Federal Reserve of...
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ColumnsApril CPI Preview: Fed Is Likely to Remain Hawkish Despite Possible Core Inflation Alleviation
On May 15, the U.S. Bureau of Labor Statistics will release CPI data for April at 8:30 a.m. ET. This will be the first of two CPI releases before the next Federal Open Market Committee meeting on June 12. However, the subsequent May CPI release will be on the morning of the FOMC’s June interest rate decision day.
Economists expect U.S. CPI to fall from 3.5% to 3.4% in April, while core CPI will likely f...
Economists expect U.S. CPI to fall from 3.5% to 3.4% in April, while core CPI will likely f...
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ColumnsApril Nonfarm Payrolls Preview: Latest Employment Data Unlikely to Change Fed's More Hawkish Stance
April's nonfarm payrolls report will be released at 8:30 ET this Friday. After a solid job report in March, the April figures are likely to suggest once more that the labor market is still tight.
The consensus estimate polled by Bloomberg shows that nonfarm payroll is expected to increase by 250K, down from 303K in March. The unemployment rate is expected to remain at 3.8%.
Recruitment was probably...
The consensus estimate polled by Bloomberg shows that nonfarm payroll is expected to increase by 250K, down from 303K in March. The unemployment rate is expected to remain at 3.8%.
Recruitment was probably...
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Economists expect the Federal Reserve's preferred measure of inflation will follow its counterpart inflation measures and remain stubborn in March.
The cost of living measured by the Bureau of Economic Analysis's Personal Consumption Expenditures (PCE) index is expected to increase by 2.6% over the 12 months ending in March, according to a survey of Bloomberg. That would be an acce...
The cost of living measured by the Bureau of Economic Analysis's Personal Consumption Expenditures (PCE) index is expected to increase by 2.6% over the 12 months ending in March, according to a survey of Bloomberg. That would be an acce...
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ColumnsHow Could Investors Utilize Contrarian Strategies to Adjust Portfolios During Market Downturns?
Heightened geopolitical concerns and deflated hopes for lower interest rates kept major US stock indices under pressure. Last week, the Nasdaq fell 6.1%, the S&P 500 index fell by 3.2% and the VIX index rose by 9.1%. Among sectors, the Technology sector declined by 7.2%, the Utility industry rose by 1.56%. In volatile markets, diversification and the use of multiple instruments are crucial.
■ Seasonal ...
■ Seasonal ...
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ColumnsWall Street's Mixed Earnings: Fall in Interest Income Offsets Recovery in Investment Banking Revenue
As Bank of America released its first quarter report, major banks have completed their first quarter earnings disclosure. Wall Street financial giants had mixed performances.
Bank of America's earnings took a hit in the first quarter as it faced a softer consumer banking sector and increased loan charge-offs, particularly in the credit card segment. The banking giant reported a profit of $6.7 bill...
Bank of America's earnings took a hit in the first quarter as it faced a softer consumer banking sector and increased loan charge-offs, particularly in the credit card segment. The banking giant reported a profit of $6.7 bill...
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In recent months, strong U.S. employment and inflation data have delayed expectations of a rate cut by the Federal Reserve, pushing U.S. bond prices down and interest rates continuing to soar. As of the last trading day, the 20-year Treasury bond yield reached 4.792%, and the 30-year Treasury bond yield reached 4.668%.
The Treasury Department's latest bond buyback plan has sparked discussion about whether it could bolste...
The Treasury Department's latest bond buyback plan has sparked discussion about whether it could bolste...
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