Ignore one-year returns to find Berkshire Hathaway’s true performance.
— Read on www.marketwatch.com/story/buffetts-formula-is-still-working-if-you-know-where-to-look-2019-05-22
Nearly 25% of Americans are going into debt trying to pay for necessities like food
A recent survey found that 23% of Americans say that paying for basic necessities such as rent, utilities and food contributes the most to their credit card debt.
— Read on ca.finance.yahoo.com/news/nearly-25-americans-going-debt-130010091.html
Trump Wields More Powerful Weapon Than Tariffs in Trade War
The Trump administration is seeking to choke off Beijing’s access to key technologies by limiting the sale of vital U.S. components to China’s Huawei Technologies Co. The U.S. is considering putting at least five Chinese surveillance companies on the same blacklist. The moves are part of a bigger effort
— Read on ca.finance.yahoo.com/news/trump-wields-more-powerful-weapon-172641613.html
Palantir’s Hotly Anticipated IPO Set to Slide to 2020
The people who spoke to Bloomberg asked not to be identified because the company is private, and closely guards details about its business. By some measures, things are going very well for the company right now.
— Read on ca.finance.yahoo.com/news/palantir-apos-hotly-anticipated-ipo-100015867.html
Italian Bonds Surge After Salvini Strikes More Conciliatory Tone
Salvini is hoping to secure a large increase in seats in European Union elections this week, which could give him more policy leverage in Rome and Brussels. Ten-year yields fell as much as nine basis points to 2.55%, the lowest level in over two weeks. The potential for another battle with the EU over
— Read on ca.finance.yahoo.com/news/italian-bonds-surge-salvini-strikes-093346416.html
U.K. Yield Curve Flattest Since Financial Crisis on Brexit Fears
Gilts have surged to take benchmark yields to the lowest since 2017, as investors sought safe assets on the increasing risk of a no-deal Brexit. Gilts have outperformed their peers in May, including Treasuries and German bunds, on the prospect that the Bank of England might have to switch tack to make
— Read on ca.finance.yahoo.com/news/bonds-prove-u-k-asset-145643208.html
ECB Policy Maker Sees Economic Upturn Intact Before June Meeting
The euro-area economy remains on track with European Central Bank projections that foresee an upturn later this year, policy maker Bostjan Vasle said. The ECB is gearing up for a meeting in Lithuania in two weeks that will include updates to its forecasts and discussions over how generous to make a
— Read on ca.finance.yahoo.com/news/ecb-policy-maker-sees-economic-040011394.html
How Much Should You Save? 40% Would Struggle With $400 Emergency – Bloomberg
Many U.S. households find themselves in a fragile position financially, even in an economy with an unemployment rate near a 50-year low, according to a Federal Reserve survey.
— Read on www.bloomberg.com/news/articles/2019-05-23/almost-40-of-americans-would-struggle-to-cover-a-400-emergency
Fairfax’s Watsa Sees Trade Tensions Easing, Growth in India – Bloomberg
Investor Prem Watsa sees more room to run in the global economy because trade tensions with China will ease, and calls India the “single best place” to put money.
— Read on www.bloomberg.com/news/articles/2019-05-23/fairfax-s-watsa-sees-trade-tensions-easing-growth-in-india
China can maintain ‘healthy’ growth despite trade friction: planning official – Reuters
China can maintain healthy, sustainable economic growth even as it suffers some impact from trade friction with the United States, a senior official from China’s state planner was quoted as saying on Friday.
— Read on www.reuters.com/article/us-usa-trade-china/china-can-maintain-healthy-growth-despite-trade-friction-planning-official-idUSKCN1SU1AT