A billionaire in his own right, he was the vice chairman of Mr. Buffett’s hugely successful investment firm Berkshire Hathaway. But he had far more influence than his title suggested.
Category: Stocks and Bonds
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Fed Officials Hint That Rate Increases Are Over, and Investors Celebrate
Stocks and bonds were buoyed after even inflation-focused Federal Reserve officials suggested that rates may stay steady.
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Global Markets Cheer on Better Than Expected Inflation Data
A better-than-expected Consumer Price Index report triggered a big surge in stocks and bonds, as investors bet that interest rates will begin to fall.
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Stock Market Rallies After CPI Inflation Report
The S&P 500 was on track for its biggest gain of the year, while shares of smaller companies surged.
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A Dud Treasury Auction and a Hawkish Powell Ended a Market Rally
A disappointing Treasury auction and hawkish comments by the Federal Reserve’s chair underscored investor fears about inflation.
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Nuclear Energy Project in Idaho Is Canceled
The project that NuScale Power and Western energy companies had developed struggled to attract enough utility customers.
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Nuclear Energy Project in Idaho Is Canceled
Technical challenges, higher costs and rising interest rates hurt the project that NuScale Power and Western utilities had developed.
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A Report Card for Bidenomics
Voters’ negative perceptions about the economy are weighing on President Biden’s poll numbers. Here’s what his economic policies have, and haven’t, accomplished.
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Berkshire Stung by Losses in Its Stock Holdings
The conglomerate’s cash stake swelled to a record $157.2 billion in the third quarter even as it posted $23.5 billion in losses from investments.
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Huge Reversal in Bonds and Rally in Stocks Cap Wild Week for Markets
A series of data reports and actions by policymakers have led investors to reassess their assumptions about interest rates and the economy.
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In a Warming World, Clean Energy Stocks Fall While Oil Prospers
The market is focused on making money now and isn’t heeding urgent warnings about climate change, our columnist says.