Government borrowing is at its highest since the pandemic due to public sector pay rises and the high cost of borrowing, official figures show. Last month had the third highest September borrowing on record, coming only behind 2020 and 2021, according to data from the Office for National Statistics (ONS). While more money came in … Read more
(Bloomberg) — Asian stocks and bonds are facing a second consecutive day of declines as investors reassess their expectations for Federal Reserve interest rate cuts for the remainder of the year. The MSCI AC Asia Pacific Index dropped by as much as 1.1%, with Australian and Japanese benchmarks falling while Chinese markets saw gains. This … Read more
Amid Warren Buffett’s $132 Billion Warning to Wall Street, He Can’t Stop Buying Shares of These 4 Unstoppable Stocks Arguably no money manager is more closely followed on Wall Street than Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett. Aside from being an open book and willingly sharing the traits he looks for when putting … Read more
“ Prior to the arrival of global finance leaders in Washington, the International Monetary Fund has already advised them to start tightening their budgets. With the US election just two weeks away and the recent global inflation crisis still fresh in everyone’s minds, ministers and central bankers gathering in Washington are facing increasing pressure to … Read more