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Jin Lee | Bloomberg | Getty Images Bernard Madoff, founder of Bernard L. Madoff Investment Securities, leaves federal court in New York on Tuesday, March 10, 2009. Since the arrest of former investment advisor Bernie Madoff for fraud 10 years ago, many protections for investors have been put in place. …
Read More »A Deutsche Bank economist put together a list of things investors should worry about
Torsten Slok, chief international economist at Deutsche Bank, has listed all the risks to look out for with the markets in 2019. And his list goes to 30. Investors already have plenty to worry about — from the Federal Reserve’s monetary policy to an extended government shutdown to the trade …
Read More »Canada’s Warren Buffett is a 90-year-old former used-car salesman
Bloomberg | Bloomberg | Getty Images Jim Pattison, chief executive officer and founder of Jim Pattison Group Inc., pumps gas into a pickup truck during a tour of his holdings near Russell, Manitoba, Canada, on Tuesday, Sept. 18, 2018. Jim Pattison may not be a household name but the third …
Read More »A government shutdown typically doesn’t hurt the stock market, history shows
As a government shutdown seems more and more imminent, investors are pondering what it will do to the stock market. If history is any guide, the answer is: nothing. In the previous 20 shutdowns going back to 1976, stock prices have rarely moved significantly lower and in fact, they have …
Read More »NY Fed President John Williams says the Fed could re-evaluate view in 2019
Federal Reserve Bank of New York President John Williams told CNBC on Friday the Fed is open to reconsidering its views on rate hikes next year. “We are listening, there are risks to that outlook that maybe the economy will slow further,” Williams told Steve Liesman during an interview on …
Read More »Buffett protege Jain buys $20 million of Berkshire Hathaway’s shares
Daniel Acker | Bloomberg | Getty Images Ajit Jain, head of the Berkshire Hathaway reinsurance business. Berkshire Hathaway’s Ajit Jain bought about $20 million of stock on Dec. 18, according to a regulatory filing on Thursday. The move was in A shares, the ones that trade around $288,000 each. The …
Read More »Forget the Fed and trade war, the biggest threat to the stock market next year is a profit slowdown
No matter what you believe is driving the stock market in the short term — the Federal Reserve, a trade war, Trump’s Twitter — the value of stock prices over time ultimately will come down to earnings. And that means the future is only getting bleaker from here. Wall Street …
Read More »Fed makes key adjustment in effort to keep rates in line
Mark Wilson | Getty Images Federal Reserve Board Chairman Jerome Powell speaks during a news conference on December 19, 2018 in Washington, DC. The US Federal Reserve raised the short-term interest rates by a quarter percentage point on Wednesday, the fourth increase of the year, and signaled two more hikes …
Read More »Fed chief Powell says he doesn’t see the Fed changing its strategy for shrinking the balance sheet
Andrew Harrer | Bloomberg | Getty Images Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, Dec. 19, 2018. As the future path of interest hikes gets cloudier, Federal Reserve Chairman Jerome …
Read More »‘The market is in no man’s land’
Stocks are extremely oversold, but investors still seem bent on selling after the Federal Reserve disappointed markets with a less dovish message than expected. “The bears have been writing the script,” said Scott Redler, partner with T3Live.com. The S&P 500 lost 1.5 percent Wednesday to 2,506 and is nearly 15 …
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