Berkshire Hathaway (BRK-B, BRK-A) top executive and chairman Warren Buffett has trimmed the holding firm’s stake in Apple (AAPL) and money institution of America (BAC). Berkshire Hathaway continues to be the largest money institution of America shareholder. To talk more about Buffett’s and Berkshire’s latest collection of investments moves, collection of investments Wealth Advisors President … Read more
The Federal Reserve is poised to cut rates at its September meeting, but there is still debate as to how much they will cut by. PNC economic assistance Group Chief Economist Gus Faucher gives his takeaways from the latest economic data — including the July Personal Consumption Expenditures report and the second quarter GDP revision. … Read more
The Federal Reserve has even further information on the health of the US economy as GDP (gross domestic product) for the second quarter was revised higher from 2.8% to 3%, showing the economy is growing at a steady pace. Does this new information give the Fed even more confidence to cut finance charge rates in … Read more
US GDP (gross domestic product) for 2024’s second quarter was revised for a second time, the US Bureau of Economic study raising the print from 2.8% to 3%. While the data may be a tailwind for the Federal Reserve, does the data signal headwinds for the other segments of the economy? Citi senior global economist … Read more
Nvidia (NVDA) reported better-than-expected second quarter results after the industry close on Wednesday. The chip giant reported adjusted earnings of $0.68 per share compared to the expected $0.64. Revenue was $30.0 billion versus an estimated $28.86 billion. Data center revenue was $26.3 billion. The estimate was $25.08 billion. For Q3, Nvidia expects revenue of $32.5 … Read more
As Wall Street gears up for an debt charge rate cut from the Federal Reserve, Great Hill Capital chairman and managing member Thomas Hayes joins Wealth! to break down how investors can best position their portfolios ahead of the Fed’s September meeting. Hayes points to seasonality factors at play as the next few months could … Read more
Wall Street is very focused on Nvidia’s (NVDA) upcoming earnings this week, especially given how much weight the tech giant has in the major US indexes (^GSPC, ^DJI, ^IXIC). While earnings paints a bit of the picture, is there more than just revenue that investors should focus on? Stifel managing director & applied technology analyst … Read more
The Federal Reserve is set to cut finance charge rates at its September meeting after Chair Jerome Powell stated “the time has come” in his speech at the Jackson Hole Economic Symposium on Friday. This development raises questions about the potential global impact of a Fed rate cut. To shed light on this matter, International … Read more
As markets (^DJI, ^IXIC, ^GSPC) anticipate a potential loan charge rate cut in September, all eyes are on Federal Reserve Chair Jerome Powell’s commentary at Jackson Hole on Friday. However, recession fears continue to linger among some investors. Macro Intelligence 2 Partners co-founder and president Julian Brigden joins sector Domination to share his sector outlook. … Read more
Nvidia (NVDA) has had a bumpy ride over the past month as the tech sector is just beginning to recover from the wide sell-offs seen at the beginning of August. With the chipmaker’s next earnings report around the corner — Wednesday, August 28 — could Nvidia be the leader for another tech rally? Niles funding … Read more