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Yun Li’s Posts
Stocks fell on Thursday, resuming a deep sell-off this week, after President Donald Trump said China “broke the deal” at a rally Wednesday evening, fueling worries the U.S. and China will be unable to hatch a trade agreement before new tariffs go into effect at midnight.
Berkshire Hathaway Chairman and CEO Warren Buffett said Monday stocks are a huge bargain if interest rates remain at their low levels.
Berkshire Hathaway is sticking with its sizable Apple stake, Warren Buffett said.
“We haven’t changed our [Apple] holdings,” Buffett told CNBC’s Becky Quick on Thursday, on the eve of the kickoff of Berkshire Hathaway’s annual shareholder meeting in Omaha this weekend.
Treasury Secretary Steven Mnuchin said the U.S. and China are making progress on a trade deal, including resolving a key sticking point that’s been dragging out the process.
Now that Trump can safely turn his attention back to policymaking, some stocks could get a boost from his agenda and new GOP prospects in 2020.
Shares of Biogen plummeted Thursday after the company halted the trial of Alzheimer’s disease drug aducanumab.
Boeing said a software change is in the works and Bank of America estimated it would take Boeing three to six months to “certify the fix.”
Cheaply priced stocks are getting cheaper as expensive stocks have gotten extremely pricey, pushing the valuation gap to the widest in 70 years, according to AB Bernstein.
The trade deal U.S. negotiators are seeking will have some teeth in case China goes back on its trade promises, The New York Times reported.