This week saw two key pieces of economic data: the lowest number of jobless claims since September 1969 and the highest inflation since June 1982. Jared Bernstein, longtime economic aide to President Biden, was keen to drop some trivia on the more flattering number, noting “‘Honky Tonk Woman’ by the […]
background image Rating Action: Moody’s affirms Berkshire Hathaway’s Aa2 senior debt rating, stable outlook 10 December 2021 New York, December 10, 2021 – Moody’s Investors Service has affirmed the Aa2 senior unsecured debt rating and Prime-1 short-term issuer rating of Berkshire Hathaway Inc. (Berkshire, NYSE: BRK) as well as the […]
The hottest U.S. consumer inflation reading in almost 40 years is bringing a surprising sigh of relief in certain corners of the financial markets, where some were expecting a headline year-over-year number closer to 7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The relief was evident in investors’ appetite for U.S. Treasuries Friday morning after the government’s […]
Employees at a Buffalo-area Starbucks store have voted to form a union, making it the only one of the nearly 9,000 company-owned stores in the United States to be organized and notching an important symbolic victory for labor at a time when workers across the country are expressing frustration with […]
Wealth Enhancement Group is acquiring Vivid Financial Management, a hybrid RIA based in central California with $674 million in client assets under management, the firm announced. The acquisition will push WEG’s AUM above $55 billion. WEG CEO Jeff Dekko said the group was excited to work with the six-advisor practice “shoulder-to-shoulder” […]
ITC Limited stocks were in news on Thursday after the company informed the exchanges about an analyst and investor day, scheduled on 14 December. The news has already created a lot of buzz, analysts opined. The event ‘ITC Institutional Investors and Financial Analysts Day 2021’ is scheduled for 14th December. […]