In the past week:
- The White House announced tariffs on steel and aluminum and ordered the U.S. Treasury to cease minting pennies. Inflation rose to a multimonth high as gas prices surged. U.S. credit card debt hit a new high. Gold also hit a record high.
- Fed Chair Powell said there was no reason to rush rate cuts. The CFPB was essentially shut down. The State Department halted plans to spend $400 million on armored Tesla vehicles.
- McDonald’s and Moderna posted disappointing earnings reports. Coca-Cola, CVS, DuPont, and Robinhood topped expectations.
- OpenAI rejected a buyout bid from Elon Musk. Activist Elliott reportedly is building a stake in BP.
- TikTok returned to Apple and Google app stores. New smart driving features boosted BYD shares.
- Meta began layoffs. Blue Origin and Chevron announced layoffs. Joann announced store closures.
- Costco and Trader Joe’s limited egg purchases. Tuna sold at Trader Joe’s and Walmart was recalled.
- The New York Stock Exchange eyed launching an exchange in Texas.
Ford Motor Co.’s (NYSE: F) share price is down sharply in the past year, and the automaker’s outlook is concerning for several reasons. See why the stock may never recover unless the board of directors replaces CEO Jim Farley right away.
Individuals approaching retirement age could benefit from advice from Jamie Dimon. Five quotes from the renowned CEO of JPMorgan and business icon cover taking accountability for your choices, remaining open-minded to others’ ideas and opinions, and much more.
With the prospects for a market correction looming, would investors be better served now by the Invesco QQQ Trust (NASDAQ: QQQ), which follows the Nasdaq 100, or the Vanguard Total Stock Market Index ETF (NYSEARCA: VTI), a popular, broader alternative to the S&P 500?
Few investors have the results and the reputation that Warren Buffett and Berkshire Hathaway have garnered over the past 50 years. See why blue chip dividend giants American Express Co. (NYSE: AXP) and Apple Inc. (NASDAQ: AAPL) make up nearly 40% of the portfolio.
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