Group 1: Gold Prices - Gold prices reached a record high of $4,445.8 per ounce, with spot gold trading at $4,414.99, marking an increase of nearly 70% since the beginning of the year [1] - The surge in gold prices is attributed to the decline of risk assets, reinforcing gold's status as a safe haven during economic or geopolitical uncertainty [1] Group 2: Silver Prices - Silver prices also hit a record high of $68.96 per ounce, with spot silver at $68.98, reflecting a 128% increase since the start of the year [2] Group 3: Economic Context - The Federal Reserve's interest rate cut on December 10 has led to a return of optimism in AI stocks, but economic speculation for the upcoming year has made global investors cautious [4] - Significant fiscal deficits in the U.S., U.K., Europe, Japan, and China have contributed to the resurgence of gold's monetary value, as noted by Matthew McLennan from First Eagle Investments [5] Group 4: Gold as a Hedge - McLennan emphasized that gold's value as a potential hedge has become more rationally valued, leading to a rise in other precious metals as well [6] - The long-term fiscal credibility of the United States is crucial for maintaining an independent Federal Reserve and a rational chair, according to McLennan [8] Group 5: Labor Market Insights - McLennan is monitoring wage inflation and its relationship with job openings and corporate earnings, which have recently shown an upward trend [9]

Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.Be the first to know! Sign up for Invesco US Blog and get expert investment views as they post.Disclosure for all Invesco US articles: Before investing, carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. The information provided is for educational purposes only and does not constitute a ...

Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.Be the first to know! Sign up for Invesco US Blog and get expert investment views as they post.Disclosure for all Invesco US articles: Before investing, carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. The information provided is for educational purposes only and does not constitute a ...

人民财讯12月22日电，企查查APP显示，近日，国投创合长三角(上海)创业投资管理有限公司成立，注 册资本5.6亿元，经营范围包含：私募股权投资基金管理、创业投资基金管理服务。企查查股权穿透显 示，该公司由安徽海螺集团有限责任公司旗下安徽海螺资本管理有限公司、国家开发投资集团有限公司 等共同持股。 ...

Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life.Be the first to know! Sign up for Invesco US Blog and get expert investment views as they post.Disclosure for all Invesco US articles: Before investing, carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. The information provided is for educational purposes only and does not constitute a ...

Berkshire Hathaway is parking money in ultra-safe investments.At the end of this year, Warren Buffett is finally retiring after leading Berkshire Hathaway (BRK.A 1.34%)(BRK.B 1.26%) for more than six decades. In that time, Berkshire Hathaway has been one of the stock market's best-performing stocks, and its moves have attracted much investor interest, hoping to mimic its success in some sense.In the third quarter, Buffett and Berkshire Hathaway made some notable moves that leave the next wave of leadership ...

Core Viewpoint - Invesco is an independent investment management firm focused on enhancing the investment experience for individuals [1] Group 1 - Invesco emphasizes the importance of understanding investment objectives, risks, charges, and expenses before making investment decisions [1] - The firm provides educational content but does not offer specific investment recommendations or tax advice [1] - Invesco's opinions are based on current market conditions and may change without notice, indicating a dynamic approach to investment management [1] Group 2 - Invesco Distributors, Inc. serves as the US distributor for Invesco Ltd.'s retail products and collective trust funds [1] - The company operates through various affiliated investment advisers that provide advisory services without selling securities [1] - Invesco Unit Investment Trusts are distributed by Invesco Capital Markets, Inc. and other broker-dealers, highlighting the firm's extensive distribution network [1]

Global Economic Overview - A higher nominal world has emerged, driven by persistent fiscal deficits, rising protectionism, and competitive currency devaluations, leading to a higher equilibrium for inflation and interest rates [2][20] - Global activity remained resilient in Q4 2025, despite renewed tariff pressures and persistent geopolitical tensions [4][20] - The US economy experienced moderate growth with easing inflation pressures and rising policy and trade uncertainty [4][8] United States - In Q4 2025, the US economy showed slowing but still positive activity, with disinflationary trends and intensifying policy and trade uncertainty [8][11] - Payroll gains decelerated, unemployment rose to 4.4%, and job cuts surged, indicating a softening labor market [8][11] - The Federal Reserve cut rates by 25 basis points in October and December, concluding quantitative tightening [11] Europe - Economic conditions in Europe improved modestly, with the HCOB Composite PMI rising to a 17-month high of 52.5 in October, although recovery remained uneven [12][15] - Eurozone headline CPI held steady at 2.1% in October and 2.2% in November, complicating the ECB's ability to guide markets towards a clearer easing trajectory [12][15] - The quarter reaffirmed a fragile but stabilizing growth trajectory, constrained by tight financial conditions and external trade headwinds [15] China and Emerging Markets - China maintained a GDP growth target of around 5% for 2025, despite facing weak domestic demand and property stress [16][20] - The People's Bank of China (PBoC) maintained an accommodative stance, relying on targeted liquidity injections to stabilize the property sector [16][20] - Asian equities modestly outperformed global peers, supported by strong AI-related demand and solid earnings [19][20] Investment Conclusions - The global economy continues to show resilience despite trade frictions and policy uncertainty, with a low probability of a deep US recession [20] - A moderate re-acceleration in global activity could revive cyclical inflation, emphasizing the importance of corporate earnings [20] - The investment strategy prioritizes capital preservation while using volatility and dispersion as opportunities for active management [20]

Core Insights - Warren Buffett's planned departure as CEO of Berkshire Hathaway is imminent, prompting advice for incoming CEO Greg Abel to avoid trying to replicate Buffett's style [1][4] - Analysts suggest that Abel should focus on increasing operating earnings, reducing outstanding shares, and being prepared for investment opportunities [1] - There is speculation that Abel may implement more management oversight compared to Buffett's hands-off approach, potentially leading to cost-cutting and consolidation within subsidiaries [3] Company Performance and Strategy - Gregory Abel currently owns approximately $171 million in Berkshire shares, which were acquired during Buffett's tenure [2] - Analysts predict that Abel's management style may lead to a shift towards growth stocks and away from slower-growing investments like Kraft Heinz [6] - Berkshire's B shares experienced a decline of 15% following Buffett's announcement of his departure, which has since been reduced to an 8.4% drop [4] Market Outlook - The Motley Fool's analysis indicates that Berkshire Hathaway is well-prepared for Abel's leadership, with expectations that his approach will not significantly differ from Buffett's [5] - There is a cautious optimism regarding Berkshire's future performance, with some analysts viewing it as an attractive investment opportunity, especially if stock prices dip post-Buffett [7] - Berkshire's diverse subsidiaries are seen as providing a stable investment option, likened to a lower-risk alternative to the broader market [7] Regulatory and Competitive Landscape - Berkshire Hathaway's railroad subsidiary, BNSF, opposes the proposed $85 billion merger between Union Pacific and Norfolk Southern, citing potential threats to the U.S. economy and consumers [8][9] - BNSF's CEO has expressed concerns that the merger would reduce shipping options and increase costs for consumers [9]

NEW YORK, Dec. 19, 2025 (GLOBE NEWSWIRE) -- The Board of Trustees of the PIMCO closed-end fund below (the “Fund”) has declared a supplemental year-end distribution for the Fund’s common shares as summarized below. The distribution is payable on January 13, 2026 to shareholders of record on December 29, 2025, with an ex-dividend date of December 29, 2025. In addition to the regular monthly dividends, this supplemental year-end distribution is being paid to allow the Fund to meet its 2025 distribution require ...