[ad_1] Berkshire Hathaway’s shareholders meeting in 2019 in Omaha, Neb. Photo: Nati Harnik/Associated Press March 11, 2022 5:38 pm ET Berkshire Hathaway Inc. BRK.B 0.40% has nominated Wally Weitz, founder and co-chief investment officer of Weitz Investment Management, to the board vacancy created by the resignation of longtime Berkshire director Tom Murphy. Warren Buffett had […]
[ad_1] Americans are paying about twice as much for gasoline now as they were early in the Covid-19 pandemic. And the high price of fuel is costing consumers away from the gas pump, too, contributing to decades-high inflation on a range of goods and services. When oil becomes more expensive, so does everything else. And […]
[ad_1] Stocks, bond yields and oil prices declined Monday in the most acute sign yet that investors are second-guessing the strength of the global economic recovery that sent markets soaring this year. Markets rallied in the first half of 2021, thanks to investors’ bets that economies would bounce back, as countries rolled out Covid-19 vaccinations […]
[ad_1] JPMorgan Chase opened the quarterly bank earnings season. Photo: Amir Hamja for The Wall Street Journal Updated July 13, 2021 7:15 am ET JPMorgan Chase JPM 1.43% & Co. on Tuesday said second-quarter profit soared compared with a year ago, when the bank was stockpiling funds to prepare for a painful recession. The nation’s […]
[ad_1] The coronavirus pandemic plunged Americans into recession. Instead of emerging poorer, many came out ahead. U.S. households added $13.5 trillion in wealth last year, according to the Federal Reserve, the biggest increase in records going back three decades. Many Americans of all stripes paid off credit-card debt, saved more and refinanced into cheaper mortgages. […]
[ad_1] Hospital stocks have trounced the market this year, and the steps they took to get through the pandemic could keep the rally going. Hospitals were hit hard financially by the costs of Covid-19, which crimped their ability to do high-margin elective procedures. Some firms took large government grants to help them make up for […]
[ad_1] Morgan Stanley headquarters in New York. Photo: Jeenah Moon/Bloomberg News June 23, 2021 11:36 am ET Morgan Stanley has told its employees they must get Covid-19 vaccines before returning to its New York offices. Staff are required to disclose their vaccination status to the bank by July 1, the Wall Street firm said in […]
[ad_1] Some bank chiefs, like JPMorgan’s Jamie Dimon, talk as if the office will soon look more or less as it did before. Their real estate lending teams seem less sure. Banks on both sides of the Atlantic are becoming more selective about which offices they will lend against. Pockets of the market have been […]
[ad_1] Big tech stocks are going their own ways in 2021. It is a far cry from last year, when the so-called FAANG stocks took a commanding role in a market driven by the coronavirus pandemic. This year, as the economy strengthens and vaccinations diminish the pandemic in the U.S., that synchronized march has broken […]
[ad_1] Before the pandemic, U.S. companies were borrowing heavily at low interest rates. When Covid-19 lockdowns triggered a recession, they didn’t pull back. They borrowed even more and soon paid even less. After a brief spike, interest rates on corporate debt plummeted to their lowest level on record, bringing a surge in new bonds. Nonfinancial […]