Berkshire Hathaway stock was just downgraded by equity research analyst Meyer Shields.Warren Buffett is one of the most recognized and celebrated personalities in modern finance. During the past 60 years, he has helped build Berkshire Hathaway (BRK.A +1.14%) (BRK.B +1.30%) into a investment conglomerate spanning various industries -- consumer goods, financial services, infrastructure, energy, and much more.Despite a long-term track record of success, one analyst on Wall Street sees trouble ahead for Berkshi ...

Gains in some markets, including Hungary, Brazil and Egypt are topping 20%. A rare turn in global inflation trends is expected to inject fresh momentum into this year’s rally in emerging-market bonds. Most Read from Bloomberg Morgan Stanley Investment Management Inc. and Ninety One Plc are among the money managers positioning for further gains in emerging local-currency debt, on a view that central banks will have room to cut interest rates faster than in the developed world. It would add another dimens ...

Market Overview & Economic Landscape - ARK CEO Cathie Wood discusses recent market drawdowns and liquidity challenges [1] - The analysis includes insights into fiscal and monetary policies and market indicators [1] - ARK presents an optimistic outlook, anticipating a recovery driven by new technologies and productivity gains [1] Fiscal & Monetary Policy - The discussion covers fiscal policy and the budget deficit [1] - Pro-growth tax policy and innovation are highlighted [1] - Monetary policy and inflation trends are analyzed [1] Investment Strategy & Future Outlook - The role of Bitcoin and crypto assets are considered [1] - The analysis includes discussion of gold, money supply, and historical parallels [1] - Yield curves and deflation signals are examined [1] - The impact of AI on productivity and employment is assessed [1]

So, what do investors do now. Well, let's bring in Paulson Perspectives author Jim Pollson. Jim, it's great to have you back on.And actually, the place I want to start with you is this afternoon recovery we got in the equity markets. Uh, on hopes, and I realize now maybe based on Emily Wilkins reporting just a few moments ago, we're still at a stalemate, but hopes that maybe, just maybe, a government shutdown could end sooner rather than later. Is the market right to be excited about that possibility here.W ...

>> FROM NEW YORK CITY FOR OUR VIEWERS WORLDWIDE, I AM MATT MILLER. BLOOMBERG REAL YIELD STARTS RIGHT NOW. MATT: COMING UP, U.S. CONSUMER SENTIMENT HIT A THREE-YEAR LOW AS THE GOVERNMENT SHUTDOWN WEIGHS ON SPENDING WHILE THE FED'S DUAL MANDATE REMAINS IN CONTENTION, LEADING TO FURTHER DIVISION ON THE COMMITTEE.AND A GLOBAL BOND SALES HIT A RECORD AS ALPHABET ADDS FUEL TO THE BENCH ON DEBT. WE BEGIN -- BINGE ON DEBT. WE BEGIN WITH A DIVIDED FEDERAL RESERVE.>> WHAT I SEE IS A VERY WEIRD ECONOMIC CYCLE. >> THE ...

There's a lot of data out there, but we're missing the data that can settle an argument. We're missing the data that you'd have higher conviction on. And frankly, the government data.The other piece, it is so much more comprehensive with the private sector or the surveys, you've got to stitch together all these different data series and they often go in different directions to tell a story. You don't have a long time series often, so it's really hard to think about the business cycle. So you're just you jus ...

There's a lot of data out there, but we're missing the data that can settle an argument. We're missing the data that you'd have higher conviction on. And frankly, the government data.The other piece, it is so much more comprehensive with the private sector or the surveys, you've got to stitch together all these different data series and they often go in different directions to tell a story. You don't have a long time series often, so it's really hard to think about the business cycle. So you're just you jus ...

Poland is likely to end its ongoing series of interest rate cuts in early 2026 with the benchmark at around 3.75%, said Ludwik Kotecki, one of the biggest doves on the country’s Monetary Policy Council https://t.co/O3dxoTQPl5 ...

Core Viewpoint - The report from CICC indicates a significant economic divergence in the U.S. by 2025, with traditional industries like manufacturing and real estate facing pressures from tariffs and immigration policies, while the technology sector, driven by AI, experiences robust capital expenditure growth [1][2]. Economic Challenges - The U.S. economy will face two main challenges: supply-side pressures from tariff increases and a slowdown in population growth, which will impact labor supply and demand in housing and consumption sectors [2][3]. - The impact of tariffs on the economy is expected to continue into 2026, as companies that previously imported goods to avoid tariffs will see this buffer effect diminish, leading to increased supply cost pressures [2][3]. AI Investment Cycle - The contribution of AI to economic growth is becoming more apparent, primarily through substantial capital expenditures. However, as investment scales up, the marginal efficiency of capital is likely to decline, resulting in a slowdown of investment growth and a reduced impact on GDP growth in 2026 compared to 2025 [3][4]. - Other demand sectors are also expected to cool down, with the real estate market undergoing active destocking and construction investment declining after policy subsidies taper off [3]. Inflation Outlook - Inflation is anticipated to exhibit stickiness, with core goods still having room for price increases due to tariff impacts. Rent inflation is expected to continue its current slowdown, while non-rent service prices remain resilient due to structural demand and labor costs [3][4]. - Consumer inflation expectations may rise, complicating the Federal Reserve's ability to achieve its targets [3]. Policy Perspective - Fiscal and monetary policies are expected to marginally loosen, but the overall stimulative effect may be limited. The fiscal deficit expansion from Trump's "Great American Plan" will be partially offset by tariff revenues [4]. - The Federal Reserve may continue to lower interest rates due to a slowing job market, but will be cautious about significant easing due to persistent inflation concerns. A cumulative rate cut of 50 basis points is projected for 2026, bringing the federal funds rate to a range of 3%-3.25% [4]. Economic Growth Forecast - The forecast for U.S. real GDP growth in 2026 is 1.7%, with the first half of the year facing downward pressure from tariffs and immigration policies, while the second half may see improvement due to fiscal and monetary support [4]. - Upside risks include a potential easing of trade and geopolitical tensions, while downside risks stem from a weakening job market, increased volatility in AI profitability, and inflation pressures exceeding expectations [4].

Cleveland Fed president Beth Hammack doubled down Thursday on her concerns about inflation, saying that it’s not obvious the central bank should cut rates further. “I remain concerned about high inflation and believe policy should be leaning against it,” Hammack said at the Economic Club of New York. “After last week’s meeting, I see monetary policy as barely restrictive, if at all, and it’s not obvious to me that monetary policy should do more at this time. But the future is inherently uncertain, and I’m ...