Articles

Sorry, Elon: Warren Buffett won’t be buying Tesla stock

Tesla doesn’t fit the Berkshire Hathaway formula.

Gold prices ease back from a 1-week high

Gold prices ease back on Tuesday, a day after settling at their highest in a week, though prospects for a fresh rally remain high as traders continue to monitor developments in the Middle East.

These U.S. stocks could suffer most from stagflation, Barclays says

The specter of waning U.S. demand combined with persistent inflation is adding up to the potential for a stagflationary environment that could hit some well-known stock names, according to one Wall Street bank.

Fed’s Kashkari doesn’t rule out a rate hike

The biggest question facing the U.S. central bank is whether inflation is going to continue to resume its downward trend or settle at around a 3% level, in which case monetary policy may have to be tightened further, Minneapolis Federal Reserve President Neel Kashkari said Tuesday.

BP to focus on shareholder returns over climate ambitions, CEO Murray Auchincloss says

The BP chief executive said the oil major is set to make a series of 30 decisions that will determine whether the company meets it climate ambitions

Goldman Sachs names ex-Dallas Fed chief Rob Kaplan as vice chairman

Goldman Sachs Group Inc. on Tuesday named former Dallas Federal Reserve president Rob Kaplan as vice chairman and management committee member.

Unionized workers are seeing their pay grow faster than nonunion employees. Here’s why it might have ‘staying power.’

Compensation growth for unionized private-sector employees shot ahead of nonunion workers in the first months of the year, according to the Labor Department.

Better news for Social Security and Medicare doesn’t mean their problems have gone away

This just gives Congress more time to procrastinate on this critical issue

European airline shares slump on price warning from Ryanair CEO

European airline stocks slumped on Tuesday after the chief executive of Ryanair was quoted as saying ticket fare prices will rise by less than previously forecast.

Apple refreshes iPad Air and iPad Pro lineups — while talking up AI

Apple announced a refreshed tablet lineup Tuesday on what Chief Executive Tim Cook called the “biggest day for iPad since its introduction.”

How the outcome of Biden and Trump’s election rematch might impact stocks

The expected November rematch between President Joe Biden and former President Donald Trump is perhaps the biggest event on this year’s geopolitical calendar. Yet, it doesn’t appear to have had much of an impact on markets.

SECs Gensler slams media for ‘outsized’ focus on crypto

U.S. Securities and Exchange Commission Chair Gary Gensler denied allegations that he is overly focused on the crypto industry in a Tuesday interview, arguing that it’s the financial press that has become overly focused on the issue relative to traditional securities markets.
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