Warren Buffett is about to address shareholders and countless admirers following a series of market-moving events — a fresh trade war, devastating wildfires as well as a shocking stock-selling spree at his own Berkshire Hathaway . The 94-year-old “Oracle of Omaha’s” must-read annual letter will be released Saturday at 8 a.m. ET along with Berkshire’s fourth-quarter earnings. Investors are more eager than ever to hear from Buffett about his thinking on the broader market as well as any impact he sees from President Donald Trump ‘s punitive tariffs and the California wildfires on Berkshire’s sprawling businesses. Wildfire exposure While Berkshire,…
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Investors can still get solid yields with Treasury inflation-protected securities, but they should be careful if they want to use it as a short-term hedge against inflation. The government bonds, known as TIPS, have real yields that already account for inflation . Their principal rises and falls alongside the movement in the consumer price index, which measures the cost of goods and services. Right now, 5-year TIPS yield about 1.6%, while the 10-year yields roughly 2% and the 30-year has a yield of around 2.3%. Consumer prices rose higher than expected in January, putting the annual inflation rate at 3%.…
The final trades of the day with the Fast Money traders. Source link
The two dedicated Associated Press seats on Air Force One are empty after AP White House reporter Darlene Superville and AP photographer Ben Curtis were told they were not allowed to board Air Force One at the passenger terminal before U.S. President Donald Trump’s departure at Joint Base Andrews in Maryland, U.S., February 14, 2025. Kevin Lamarque | ReutersThe Associated Press sued three Trump administration officials Friday over access to presidential events, citing freedom of speech in asking a federal judge to stop the blocking of its journalists.The lawsuit was filed Friday afternoon in U.S. District Court in Washington, D.C., 10 days…
Here are the most important news items that investors need to start their trading day:1. StallmartInvestors hope to end a lackluster week on a high note. Stocks dropped on Thursday, as the S&P 500 dipped 0.4%, the Nasdaq Composite lost 0.5% and the Dow Jones Industrial Average slid 1%. Walmart’s stock fell more than 6% after it gave a disappointing profit outlook for the current fiscal year. More broadly, fears about stubborn inflation have reemerged, and President Donald Trump’s threatened tariffs on Mexican and Canadian goods and on all steel and aluminum imports loom. The S&P 500 has climbed 0.1%…
Shares of Hims & Hers Health closed down around 26% on Friday after the U.S. Food and Drug Administration announced that the shortage of semaglutide injection products has been resolved.Semaglutide is the active ingredient in Novo Nordisk’s blockbuster weight loss drug Wegovy and diabetes treatment Ozempic. Those medications are part of a class of drugs called GLP-1s, and demand for the treatments has exploded in recent years. As a result, digital health companies such as Hims & Hers have been prescribing compounded semaglutide as an alternative for patients who are navigating volatile supply hurdles and insurance obstacles.Compounded drugs are custom-made alternatives to…
The NBA is a copycat league, and for good reason: Once players discover something that works, they aren’t shy about borrowing it.Thus, a move that might only be the province of one or two players can quickly catch on around the league, sometimes to the point that the originator barely gets a whiff of notice. Over the course of two decades, for instance, a “Euro step” move mastered and popularized by Manu Ginobili quickly became part of virtually every perimeter player’s arsenal. (He’s also from Argentina, not Europe, but whatever.) Similarly, Jarrett Jack’s lethal rip-through move became Kevin Durant’s and…
A flag outside of the U.S. Agency for International Development (USAID) headquarters is seen on February 03, 2025 in Washington, DC.Kevin Dietsch | Getty ImagesA federal judge Friday paved the way for the Trump administration to move forward with plans to remove thousands of U.S. Agency for International Development workers from their jobs.U.S. District Judge Carl Nichols denied a request from labor groups to issue a preliminary injunction after the Trump administration said thousands of USAID employees would be placed on administrative leave and ordered agency personnel abroad to return to the U.S. within 30 days.”Weighing plaintiffs’ assertions on these questions against…
Check out the companies making headlines in midday trading: Novo Nordisk — Shares rose 4.9% after the Food and Drug Administration said Friday that the U.S. shortage of Novo Nordisk’s weight loss injection Wegovy and diabetes treatment Ozempic is resolved after more than two years. Hims & Hers Health — The telehealth stock, which offers compounded Wegovy and Ozempic, plunged 22.9% after the FDA announced that the semaglutide shortage is now “resolved.” Hims & Hers sells a cheaper version of the GLP-1 drug by combining ingredients to customize treatments, but compounding pharmacies are only allowed to sell brand-name medication during a shortage. Under…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. 1. The S & P 500 declined Friday, pushed lower by weaker-than-expected consumer sentiment data and a big drop in UnitedHealth Group shares on reports of a DOJ investigation into the insurer’s practices. This is the second day the S & P 500 is on track to close lower after the benchmark gauge notched a record close Wednesday. We exited our small position in Best Buy Thursday amid the turbulent week for Wall Street. 2.…
