Author name: com373news

Warren Buffett Has Been Buying Stocks in 2022. Should You? | Personal-finance

(Mark Blank) Warren Buffett is widely regarded as the greatest investor of our time, and for good reason. He’s been investing for 80 years. He bought his first stock at age 11, and his holding company Berkshire Hathaway (NYSE: BRK.A) has generated an average annual return of over 20% for shareholders dating back to 1965. …

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Biden shrugs off recession talk, talks up fighting inflation

WASHINGTON (AP) — President Joe Biden and his administration went all out Thursday to play down a troubling new economic report that added to the evidence of a recession, trying to pull focus instead to major progress on measures to tame inflation, reduce debt and preserve America’s competitive edge. The desire to accentuate the positive …

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Biden says inflation legislation will reduce pressure on economy : NPR

In remarks from the White House Thursday, President Biden said the Inflation Reduction Act would reduce pressure on the economy from rising inflation. Susan Walsh/AP hide caption toggle caption Susan Walsh/AP In remarks from the White House Thursday, President Biden said the Inflation Reduction Act would reduce pressure on the economy from rising inflation. Susan …

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S&P 500 futures rise after strong Apple, Amazon reports as Wall Street heads for winning week

Stock futures rose early Friday as Wall Street looked to finish the week higher, fueled by strong quarterly reports from key tech companies. S&P 500 futures climbed 0.7%, while Nasdaq 100 futures added 1.2%. Futures tied to the Dow Jones Industrial Average gained 69 points, or 0.2%.. Futures were supported by gains from two of …

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More Than 25% of Retirement Savers Risk Falling Short for This Reason | Smart Change: Personal Finance

(Maurie Backman) The money you put into your 401(k) plan shouldn’t just sit in cash. Rather, that’s money you could be investing and putting to work. The problem with 401(k) plans, though, is that they commonly come with a default investment option where your money will go, unless you make changes. And if you don’t …

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GDP: US economy contracts again, fueling recession fears

Gross domestic product, a wide-ranging measure of economic activity, fell by 0.9% on an annualized basis from April through June. That decline marks a key symbolic threshold for the most commonly used — albeit unofficial — definition of a recession as two consecutive quarters of negative economic growth. The hotly anticipated data release has taken …

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Biden clash with China’s Xi over economy, Taiwan during call

WASHINGTON – Tenensions over Taiwan, Russia’s war in Ukraine and over the economy dominated a call between President Joe Biden and Chinese leader Xi Jinping on Thursday. The planned call between the leaders – their first in more than four months – comes as the US seeks to regain a competitive edge over China and …

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