CEO Warren Buffett's company Berkshire Hathaway crushed the market once again in 2022, and the investment conglomerate has absolutely trounced the S&P 500 over the last four decades. Buffett's focus on finding great businesses worth holding for the long term has been foundational to his world-beating success story, and it's little wonder that investors all around the globe turn to the Oracle of Omaha for inspiration when it comes to buying stocks. With the market still in a volatile state, following the legendary investor's lead could be a smart move in the new year. Read More...
Reuters
New Fed research flags rising risk of U.S. recession
Just over half of the 50 U.S. states are exhibiting signs of slowing economic activity, breaching a key threshold that often signals a recession is in the offing, new research from the St. Louis Federal Reserve Bank report said. That report, released Wednesday, followed another report from the San Francisco Fed from earlier in the week that also delved into the rising prospect that the U.S. economy may fall into recession at some point in coming months. The St. Louis Fed said in its report that if 26 states have falling activity within their borders, that offers “reasonable confidence” that the nation as a whole will fall into a recession.
