The U.S. economy could be headed for a “no landing” scenario thanks to the hot labor market, but that might not be good news for the stock market, according to Bank of America analysts. In an analyst note published Friday, Bank of America chief economist Michael Hartnett predicted a “no …
Read More »Goldman, Bank of America extend forecasts for continued Fed rate hikes
Goldman Sachs and Bank of America said they expect the Federal Reserve to raise interest rates three more times this year, lifting their estimates after data pointed to persistent inflation and a resilient labor market. Producer prices accelerated in January by the biggest margin in seven months, according to data on Thursday, while a …
Read More »Why Does My Bank Have Savings Account Transfer Limits? It’s My Money!
savings account transfer limit Some banks limit how often you can transfer money out of a savings account. Exceeding the allowed quota of transfers via ATM, electronic bill payment or other methods could result in being charged a fee, having your savings account changed to a checking account or even …
Read More »Buffett’s firm buys Apple, slashes chipmaker and bank stakes
OMAHA, Neb. (AP) — Billionaire Warren Buffett’s company added to its already substantial Apple investment at the end of last year while slashing a new investment in computer chip maker Taiwan Semiconductor and two longtime bank holdings. Berkshire Hathaway Inc. revealed several changes to its stock portfolio in documents filed …
Read More »Berkshire Cuts Stakes in Bank of New York, Activision
Text size Berkshire slashed its holding in Bank of New York in the fourth quarter. Spencer Platt/Getty Images Berkshire Hathaway cut its equity stakes in Bank of New York and Activision Blizzard and increased its holding in Louisiana-Pacific in the fourth quarter, according to filings released Tuesday. Berkshire Hathaway (ticker: …
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