The Fed Just Raised Rates–How To Cash In On The Hike
A quarter-point move nudged your borrowing costs higher on Wednesday. It also handed savers and a short list of sectors the best setup they have had in two years.
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California Governor Gavin Newsom renewed attacks on Trump and Energy Secretary Wright over surging Iran war fuel costs.
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A quarter-point move nudged your borrowing costs higher on Wednesday. It also handed savers and a short list of sectors the best setup they have had in two years.
Under new CEO Greg Abel, Berkshire Hathaway has concentrated 75% of its $365.2 billion equity portfolio into 8 stocks. American Express is the only one lagging the S&P 500 over the past year due to margin compression from high cardholder rewards and marketing expenses. Despite these headwinds, the article argues American Express offers compelling value at 19.7x trailing earnings for long-term investors who believe in its business model.
James Thorne said Fed Chair Kevin Warsh failed the test, as Wednesday's rate hike shows no real policy change.
Trump weighs renewed Iran strikes, but Joe Kent urges troop withdrawal and diplomacy amid Strait of Hormuz tensions.
- Reuters Citing Statement