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By Staff Reporters
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- Markets: Here’s hoping this week will be better than the last one for the stock market, when the S&P 500 and NASDAQ logged their worst week since March. But, yields on the 10-year Treasury note have jumped to nearly their highest level in 10+ years. This indicates that investors are betting that elevated interest rates will stick around for a while (bad for anyone looking to buy a house, but a good sign for healthy economic growth).
Inflation data: The monthly consumer price index report—a broad measure of inflation—has been retreating dramatically this year. Thursday’s reading is expected to show prices continued their cool down in July.
Berkshire Hathaway had a solid Q2. Its operating earnings jumped 6.6% thanks to a better performance from Geico, an insurer it owns. Berkshire’s cash pile has ballooned to $147 billion.
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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Experts Invited, Investing, LifeStyle | Tagged: Berkshire Hathaway, GEICO, inflation, markets, NASDAQ, S*P 500 |
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