Buffett's investment firm, Berkshire Hathaway, made some big moves in the last quarter of 2024. They sold off a huge chunk of their shares in two major US banks, Bank of America and Citigroup. This wasn't a small deal. They sold nearly three-quarters of their Citigroup shares, which were worth over
In a surprising twist, two South American countries, Brazil and Argentina, might see some benefits from the recent trade tensions between the U. S. and other nations. The U. S. has been imposing tariffs on various countries, including China, Canada, and Mexico. This move could potentially open up ne
In late 2024, the UK economy showed a small but surprising growth of 0. 1% in the fourth quarter. This news came as a pleasant surprise, as experts had predicted a slight contraction of 0. 1%. The services and construction sectors were the stars of the show, with growth rates of 0. 2% and 0. 5% resp
Joann, a well-known crafting retailer, has announced that it will be closing over 500 of its stores across the United States. This decision comes after the company filed for Chapter 11 bankruptcy protection for the second time in a year. The closures will affect multiple states, with Washington bein
Spirit Airlines has once again turned down a takeover offer from Frontier Group. This time, the offer was worth around $2. 16 billion. The airline said the offer was not as good for its shareholders as its current plan to reorganize. Frontier's offer was similar to one made earlier. It incl
Imagine, you've found your dream retirement home. It's a cozy place. Cool ocean breezes at night. You can see yourself relaxing in it. Just one day before you close the deal, the bank hits you with a surprising fee. You didn't see it coming. You couldn't find it anywhere in the paperwork. Sound unf
Imagine a world where everyone needs a bank, but not everyone can get one. This is the world of debanking, where certain people or industries are left out in the cold by banks. It's a problem that has politicians on both sides of the aisle worried. Recently, there was a big discussion on Capitol Hil
Interest rates jumping up and down can be a real headache for businesses. High interest rates don't just make loans more expensive, they also change how companies handle their money. The surprise is that the worst effects aren't immediate. Instead, it's the delayed reactions that can hurt them the
People's environments shape their mental health. Think of it like a huge network of things around us - called the exposome - that can affect how we feel. This network is vast. It includes everything from air quality and noise to pollution levels and social interactions. Figuring out the hidden l
Imagine this: Bank shares going up because the Federal Reserve, the central bank, just did something unexpected with the yearly economic challenges banks. Banking experts are seeing less obstacles ahead for the banks in 2025. The Fed just updated the future financial crisis's expected, hypo
