The financial news that actually matters
Goldman Sachs has shifted its forecast for the Federal Reserve’s first interest rate cut to June, responding to a string of inflation readings that came in stronger than Wall Street expected. The move reflects growing unease among major banks that sticky consumer prices will keep the Fed on hold longer than markets had hoped. For…
U.S. manufacturing ended the year on a weaker note, with the sector slipping deeper into contraction as demand remained soft and factory managers grew more cautious about the near-term outlook. The Institute for Supply Management’s Manufacturing PMI fell to 47.9, down from 48.2 a month earlier, marking the lowest reading of the year and extending…
The benchmark 10-year U.S. Treasury yield pushed above the 4.2% threshold this week, a move that reflects growing tension between the bond market’s expectations for Federal Reserve rate cuts and a wave of government borrowing that keeps pushing long-term rates higher. The climb puts pressure on mortgage rates, corporate borrowing costs, and household budgets at…
Berkshire Hathaway has amassed so much cash that even by the standards of corporate America, the number now looks extraordinary. By the end of the third quarter, the conglomerate’s balance sheet showed roughly $381.7 billion in cash, cash equivalents, and short-term U.S. Treasury bills, a new high for the company and one of the clearest…
The Federal Reserve ended 2025 with a clear message for households, businesses, and investors: even after cutting rates again in December, officials were no longer signaling a quick slide back to cheap money. The central bank’s latest projections pointed to a much slower pace of easing in 2026 than many borrowers had hoped for, suggesting…
The Supreme Court wiped out a major pillar of President Donald Trump’s tariff strategy, ruling that the White House had no authority under the International Emergency Economic Powers Act to impose sweeping import duties across a wide range of goods. On paper, that should have opened the door to relief for businesses and, eventually, for…
The U.S. Supreme Court handed importers and manufacturers a major legal victory when it ruled on February 20 that President Donald Trump could not use the International Emergency Economic Powers Act, or IEEPA, to impose sweeping tariffs. But for many businesses, the decision landed after months of higher costs, disrupted planning, and lost sales that…
The inflation report investors and Federal Reserve officials watch most closely did little to reopen the door to lower interest rates. Fresh data on the Personal Consumption Expenditures price index, or PCE, showed inflation still running too hot in late 2025, with the underlying trend proving especially stubborn.For households waiting for relief on mortgages, credit…
Ford Motor Company is making one of its clearest mass-market electric vehicle bets yet, tying a roughly $5 billion commitment to a new universal EV platform, a retooled Kentucky assembly plant, and a lower-cost battery supply chain in Michigan. At the center of the push is a midsize electric pickup with a targeted starting price…
Warren Buffett’s last Berkshire Hathaway portfolio filing as chief executive offered one more lesson in restraint. The conglomerate disclosed that it reduced positions in Apple, Amazon and Bank of America in the fourth quarter of 2025, while adding just one new stock. For investors used to mining Berkshire’s quarterly filings for sweeping signals, the message…