Warren Buffett, the legendary investor, recently mentioned that Berkshire Hathaway is exploring potential investment opportunities in Canada. He expressed his comfort with investing in the country during an arena full of investors, stating that they are actively looking at one opportunity. This indicates that Buffett sees potential in the Canadian market and is willing to
Global Finance
A former Societe Generale trader, Kavish Kataria, who was dismissed from the bank’s Delta One desk last year, has come forward to criticize the French bank for what he perceives as unfair treatment. He claims that he was made a “scapegoat” by the bank and that they failed to take their share of responsibility for
In a recent decision, the Federal Reserve chose to keep its benchmark interest rates unchanged, sticking to a targeted range of 5.25%-5%. This decision comes at a time when the Federal Reserve is facing challenges related to rising inflation. The central bank had initially set the rates at this level in July 2023, marking the
As the economic landscape shifts, hundreds of small and regional banks in the United States are experiencing a sense of financial strain. According to Christopher Wolfe from Fitch Ratings, these banks are facing the possibility of not meeting their minimum capital requirements, which could lead to detrimental consequences. The analysis conducted by the Klaros Group
It was a mixed bag for companies reporting their earnings after hours, with Amazon leading the pack. The e-commerce giant posted earnings of 98 cents per share, beating analysts’ expectations. Despite a strong performance in both the advertising and Amazon Web Services segments, the company fell short of revenue forecast for the second quarter, causing
A new Exchange-Traded Fund (ETF) known as the Calamos S&P 500 Structured Alt Protection ETF (CPSM) has recently been introduced to provide investors with a shield against market volatility. This new product, developed by Calamos, offers “100% downside protection” against losses in the S&P 500 over a one-year outcome period. Calamos’ head of ETFs, Matt
According to Goldman Sachs, the magic number to watch out for in terms of rising yields negatively affecting equities is when the 10-year Treasury yield hits 5%. This conclusion is based on a new 19-page paper that analyzes market data since the 1980s. The correlation between bond yields and stocks turns negative at this threshold,
Local Chinese authorities have recently lifted restrictions on Tesla cars following the approval of the company’s China-made vehicles meeting the country’s data security regulations. This significant achievement came after Tesla CEO Elon Musk’s unexpected meeting with Chinese Premier Li Qiang during the auto show in Beijing, making it the first major gathering of its kind
In today’s rapidly evolving technological landscape, it is crucial for tech investors to stay ahead of the curve. According to Brett Winton, the chief futurist at ARK Invest, there are five key areas that should give investors an edge. These areas include robotics, artificial intelligence, multi-omics sequencing, public blockchain, and energy storage. Winton believes that
Chinese electric car start-up Nio, known for its premium vehicles, is now set to enter the lower-priced segment of the market. The company’s CEO, William Li, revealed plans to release a new mass market SUV that will be priced cheaper than Tesla’s Model Y, which starts at 249,900 yuan ($35,197) in China. This strategic move
Deutsche Bank recently reported a 10% increase in first-quarter profit, surpassing expectations and sending its shares soaring to a more than six-year high. The German lender’s net profit attributable to shareholders stood at 1.275 billion euros, exceeding the aggregate analyst forecast for the period. This marked the bank’s highest first-quarter profit since 2013 and its
Nvidia-backed AI firm Synthesia has introduced a groundbreaking technology that involves AI-generated digital avatars capable of expressing human emotions through text inputs. This innovative technology is aimed at bridging the gap between the virtual world and real characters, revolutionizing the traditional video production process by eliminating the need for cameras, microphones, actors, and extensive editing.