Berkshire Hathaway, a subsidiary of billionaire Warren Buffett, lost $36 billion due to its investments in Apple during 2022, coinciding with the loss of the stock. Significant decline in the market value of Apple According to Business Insider, Berkshire Hathaway owns 908 million shares in the iPhone maker, and the value of those investments fell … Read more
Jim Poulsen, head of strategic investment at The Leuthold Group, said the Fed’s monetary tightening cycle is likely to be coming to an end as inflation has already peaked. Inflation has reached its peak Speaking to CNBC, Paulsen said he doesn’t even know if the Fed should do more anymore, and that the war on … Read more
Analysts believe that the sharp decline in Apple stock over 3 sessions may indicate that the US market is approaching the bottom. “I think the current bear market is only going to end with the best stocks and stocks that everyone feels are safe to have pulled back,” said Chris Veroney, analyst at Strategas partner. … Read more
European shares fell at the end of trading today, Thursday, the twenty-ninth of September, after the gains that were recorded in the markets on Wednesday faded after the decision of the Bank of England to intervene in the bond market. At the end of the session, the STOXX600 index declined by 1.81% to 382 points. … Read more
An official report issued by the National Statistics Authority of China showed that the volume of investment in fixed assets rose at an average annual rate of 9.4% from 2013 to 2021 to reach 409 trillion yuan, equivalent to 58.5 trillion dollars. China’s investment in fixed assets in 2021 reached 55.3 trillion yuan, compared to … Read more
Economist Mohamed El-Erian called on investors to prepare for a period of worrying volatility, noting that the S&P 500 index may fall back to June’s low levels again. In an interview with CNBC on Friday, September 23, El-Erian said: “I think there is value in some attractive individual stocks, but economic factors cannot be avoided … Read more
Bank of America expects oil to average $100 a barrel in 2023 as demand recovers in China and Russian crude exits the market. Strict coronavirus lockdowns imposed by Beijing have curbed oil use in the world’s second-largest economy over the course of this year, but analysts expect restrictions to be eased as 2023 approaches. So … Read more
Let’s go back to the numbers. The US dollar index is up 15% in 2022, offset by a -8.7% decline in gold so far. If we assume that the dollar’s strength still has momentum to 116 points (a very important resistance that it reached in 2000), this means a decline in gold by about 3%, … Read more