By Diana Olick (cnbc.com) – Exceptionally strong demand, historically low supply and record low mortgage rates are combining to fuel the fastest home price growth since 2018.
Author Archive | TIM
U.S. weekly jobless claims jump back above 1 million – CNBC
By Fred Imbert (cnbc.com) – The number of people filing for unemployment benefits last week was greater than expected, raising concern about the state of the economy as lawmakers struggle to move forward on a new pandemic stimulus package.
Private equity gets Trump administration’s nod to tap 401(k)s-The Detroit News
By Ben Bain, Bloomberg (bloomberg.com / detroitnews.com) – Private-equity firms notched a major win in Washington with the Trump administration paving the way for the industry to tap a massive pot of money that has long been off limits: the trillions of dollars held in Americans’ retirement accounts.
Buffett cautions on ‘extreme consequences’ from the Fed’s recent moves – CNBC
By Jeff Cox (www.cnbc.com) – Warren Buffett praised the Federal Reserve for its actions to blunt the effects of the coronavirus but said he worries about the repercussions.
Warren Buffett: Don’t Panic About Coronavirus – Yahoo Finance
By Wayne Duggan (finance.yahoo.com) – The recent coronavirus-related volatility in the stock market was enough to rattle even the most confident market bull. However, beloved investing guru and Berkshire Hathaway (ticker: BRK.A, BRK.B) CEO Warren Buffett is always around to deliver his textbook calm, pragmatic advice and reassurance about the long-term outlook for the stock […]
A Third of America’s Economy Is Concentrated in Just 31 Counties – Bloomberg
By Andre Tartar and Reade Pickert (www.bloomberg.com) – While America’s economy has grown for over a decade, that growth is increasingly concentrated in 1% of the nation’s counties.
The Wall Street Bankers Who Burst Aramco’s $2 Trillion Bubble – Bloomberg
By Javier Blas, Dinesh Nair, and Matthew Martin (www.bloomberg.com) – The chairman of the world’s biggest oil company was about to lose his temper.
GE Targets $8 Billion Deficit Cut With Pension Freeze for 20,000 – Bloomberg
By Rick Clough (bloomberg.com) – General Electric Co.’s pension deficit is the worst in corporate America, hampering Chief Executive Officer Larry Culp’s efforts to rescue the manufacturing icon. Now, with falling interest rates making his job even harder, he’s doing something about it.
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U.S. Companies Still Have Work Ahead on Trimming Inventories – Bloomberg
By Vince Golle (bloomberg.com) – American companies still have work to do in slimming inventories even after making some headway in the second quarter, indicating that further efforts to trim bloated stockpiles could weigh on the economy.