Warren Buffett said he would step down as Berkshire Hathaway’s CEO after 55 years, eliciting tributes from investors and business leaders. Buffett, 94, made the announcement on Saturday during the company’s annual shareholder meeting in Omaha, Nebraska. The crowd gave Buffett two standing ovations, acknowledging his career as the longest-serving chief executive of an S&P
The labor market is humming along in spite of headwinds from the Trump administration’s tariffs. Until we see signs of weakening in the economy, mortgage rates are likely to remain near their current levels. On Friday, the Bureau of Labor Statistics reported that the U.S. economy added 177,000 jobs in April, more than expected. The
A career in finance offers many benefits: It tends to pay well, is prestigious, and can lead to a jet-setting lifestyle. Breaking in, however, can require years of toil, planning, and determination. Say you want to be an investment banker who advises tech giants on corporate acquisitions: You will probably want to start applying for
As mortgage rates rise, more borrowers are looking for ways to keep their homebuying costs down. Could an adjustable-rate mortgage be the way to do that? On Wednesday, the Mortgage Bankers Association reported that for the week ending April 11, 2025, the share of borrowers applying for ARMs rose to its highest level since November
It’s been a busy week and a half for financial advisors, as their clients’ portfolios have seen historic moves. The S&P 500’s 10.5% plunge from April 3 to 4 was among the steepest two-day drops ever recorded in market history. The skyrocketing comeback on Wednesday, after President Donald Trump lifted his excess tariffs for most
Good morning. Congratulations to Vice President JD Vance, who sold his home just outside Washington, DC, for $172,000 over the asking price after less than three weeks on the market. The buyer? A former Trump official. In today’s big story, investors are shocked to be battling against President Donald Trump as the stock market closed
Even when large-cap stocks lose, they still find a way to win. It’s been a rocky year for the S&P 500, but the mega-cap-heavy index has still easily beaten its peers with a relatively modest 5.2% loss. For comparison, the mid-cap-dense S&P 400 and small-cap-oriented S&P 600 have sold off by 6.9% and 10%, respectively,
Barry Bannister predicts a zigzagging S&P 500 resembling a W pattern this year. He expects a bounce to 5,800 but warns of another dip due to inflation concerns. Bannister favors value, international, and small-cap stocks. Here’s what Barry Bannister says the S&P 500’s price chart will look like this year: W. “It’s going to be
Homeowners are staying put for much longer periods of time, reducing available inventory. It’s contributing to the lock-in effect and sending home prices surging. These are the 10 least locked-up housing markets, according to Redfin. Americans are holding on to their homes for longer, and it’s becoming a big issue for prospective homebuyers. From 2005