U.S. President Donald Trump points towards Federal Reserve Chair Jerome Powell holding a document during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025. Kent Nishimura | ReutersFederal Reserve Governor Adriana Kugler's surprise resignation last week brought back a...
Category: Finance
Berkshire Hathaway operating earnings dip 4% as conglomerate braces for tariff impact
Berkshire Hathaway on Saturday reported a small decline in second-quarter operating earnings as Warren Buffett's conglomerate warns of negative impacts from steep U.S. tariffs.Berkshire's operating profit — those from the company's wholly owned businesses including insurance and railroads — dipped 4% year over year to $11.16 billion in the second...
‘The eye of the hurricane’: Why the U.S. job market has soured, economists say
Ozgur Donmaz | Photodisc | Getty ImagesThe U.S. job market has been showing signs of a gradual weakening. But new federal data issued Friday suggests it may have hit a long-awaited wall."We're finally in the eye of the hurricane," Daniel Zhao, chief economist at career site Glassdoor, wrote in a...
Tom Lee’s Granny Shots ETF rakes in $2 billion in AUM just 9 months after inception
Tom Lee, managing partner and the head of research at Fundstrat Global Advisors, speaks on CNBC's "The Exchange" on Oct. 31, 2023.Adam Jeffery | CNBCAn ETF driven by Tom Lee, an unabashed bull on Wall Street with a big online fandom, just hit another milestone.His first exchange-traded fund Fundstrat Granny Shots...
‘This market is pricing in perfection,’ warns Verdence Capital CIO as tariff deadline looms
The market may be trading around record highs, but the Verdence Capital Advisors CIO is worried trouble is lurking.Megan Horneman, who oversees $4.1 billion in assets under management, thinks there's too much complacency around the Aug. 1 U.S. trade deadline."This market is pricing in the perfect situation," she told CNBC's...