Buffett’s Berkshire to Invest $5 Billion in Bank of America
Aug. 25 (Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. agreed to invest $5 billion in Bank of America Corp., aiding a lender hobbled by costs tied to subprime mortgages. Buffett’s company…
Treasuries Advance as Report Shows U.S. Jobless Claims Rose
Aug. 25 (Bloomberg) -- Treasuries rose as a government report showed initial jobless claims unexpectedly increased last week, fueling concern the economic recovery is slowing and stoking demand for…
VIX Falls as Sentiment Turns on Wall St
TVIX, a measure of stock market volatility, fell 5% percent to 33. The VIX traded as high as 48 Aug. 8 after staying below 20 for much of the year. VIX is the ticker symbol for the Chicago Board…
Moody's cuts Japan rating, blames politics
(Reuters) - Moody's Investors Service cut its rating on Japan's government debt by one notch to Aa3 on Wednesday, blaming a build-up of debt since the 2009 global recession and revolving-door…
Investors trade in tight range ahead of Bernanke speech
(Reuters) - World stocksedged up and oil advanced on Wednesday as investors tried to position themselves ahead of a Federal Reserve Chairman Ben Bernanke's key speech. The gains follows weeks of…
To my friend, the bear
Darn, a 322 point rally just after you announced a five alarm fire with the sell all call to boot. Yes, we've taken a hit. Confidence is way down and that's what most of the early indicators are…
Students Need ‘Bs’ to Keep Parents’ Cash Flowing, Fidelity Says - Bloomberg
Students Need ‘Bs’ to Keep Parents’ Cash Flowing, Fidelity Says By Alexis Leondis Two-thirds of U.S. parents said they’ll only pay for their children’s college education if they maintain minimum…
FRBSF Economic Letter: Boomer Retirement: Headwinds for U.S. Equity Markets? (2011-26, 8/22/2011)
Boomer Retirement: Headwinds for U.S. Equity Markets? By Zheng Liu and Mark M. Spiegel Historical data indicate a strong relationship between the age distribution of the U.S. population and stock…
Obama Talks to Buffett About Economy
President Barack Obama, preparing for a post-Labor Day speech with plans for stimulating the economy, talked with billionaire Warren Buffett about how to boost job creation and spur growth. “The…