The Federal Reserve is about to get a new Federal Reserve Chairman. After a year of criticism, President Trump has nominated long-time Wall Street insider and former Fed Reserve GovernorKevin Warsh to take over the role from much-maligned Jerome Powell, Picking Warsh raised eyebrows on Wall Street, including mine, given his hawkish rate reputation, contributing
Gold is “a way of going long on fear,” Warren Buffett said in a 2011 appearance on CNBC’s “Squawk Box.” He added that if people become more afraid, you make money, and if they become less afraid, you lose money, because “the gold itself doesn’t produce anything.” In his 2011 Berkshire Hathaway shareholder letter, he
As hotel and Airbnb owners in remote parts of the world are acutely aware, the hype around a popular show can be a godsend in sending scores of tourists and their dollars to an otherwise undervisited destination. In western New York State, the resort that hosted the weight-loss reality TV program “The Biggest Loser” has
Gold has a wild few days, but UBS thinks the bigger story still lies ahead. With the shiny metal trading around $4,865 an ounce, the bank just bumped its price target to $6,200 for March, June, and September 2026, up from $5,000 previously. That base case implies an incredible 27% upside from current prices, after
Expedia Group has become the latest tech company to join the round of layoffs that have been keeping the market abuzz with unease and instability. LinkedIn was flooded on Wednesday, Jan 28, with posts from laid-off employees who had set their profile pictures to ‘Open to Work.’ In November, Expedia (EXPE) exceeded expectations in its
The Academy has Glenda and Elphaba saying ‘we’re not in the Oscars anymore’ after ‘Wicked: For Good’ was snubbed last week, with the box office hit sequel failing to secure a single nomination. Comcast (CMCSA), who own NBC/Universal and are responsible for ‘Wicked: For Good,’ might take this as a slap in the face, given
Federal Reserve Chair Jerome Powell offered an upbeat report on the U.S. economy after the Fed’s first policymaking meeting of 2026. “Essentially, the economy has once again surprised us with its strength,” Powell said. But central bank officials left interest rates unchanged on the benchmark Federal Funds Rate, which influences short-term borrowing like interest rates
Amazon (AMZN) stock has gained about 5.3% over the past five days, at the time of writing, Tuesday afternoon, Jan. 27, according to Yahoo Finance. The company has set a Q4 earnings release for February 5, and investors are hoping it will beat consensus estimates, as it did in Q3. I covered Q3 results in
Jan. 27 produced something one rarely sees in the stock market. One stock fell so hard that its loss caused the Dow Jones Industrial Average to fall about 409 points, or 0.8%, to 49,003. The culprit was health-insurance giant UnitedHealth Group (UNH), which fell 68.94 points, or 19.6%, to $282.70. A primary reason was a
Robert Kiyosaki turned a record‑setting day for gold into a new lightning‑rod prediction with a single short post on X. “GOLD soars over $5000. Yay!!!! Future for gold $27,000,” he wrote, celebrating the breakout and dangling a long‑term target that grabbed traders’ attention. That line landed just as gold futures opened around $5,013 per ounce