Buffett succession gains clarity as Berkshire promotes Abel, Jain
(Reuters) – Berkshire Hathaway Inc on Wednesday promoted two of its top executives, Gregory Abel and Ajit Jain, adding them to its board and cementing their status as the most likely successors to Warren Buffett atop the conglomerate.
Tax cuts mean Fed must be vigilant on ‘overheating’: Kaplan
DALLAS (Reuters) – The Federal Reserve must be wary of the “risk of overheating” the economy in the wake of sweeping tax cuts that could raise already unsustainable debt levels even while they boost business investment, Dallas Fed President Robert Kapl…
U.S. import prices post smallest gain in five months; inventories rise
WASHINGTON (Reuters) – U.S. import prices recorded their smallest increase in five months in December and underlying imported price pressures were muted amid declining costs for food and consumer goods.
Wall Street slips after report China may slow U.S. bond purchases
(Reuters) – Wall Street’s major indexes slipped on Wednesday, stalling the rally that marked the start of 2018, after a report that China is considering slowing or halting purchases of U.S. government debt.
U.S. wholesale inventories rebound strongly in November
WASHINGTON (Reuters) – U.S. wholesale inventories rose slightly more than initially estimated in November, suggesting that inventory investment will probably contribute to economic growth in the fourth quarter.
Wall Street opens lower after report China may slow U.S. bond buys
(Reuters) – Wall Street’s main indexes opened lower on Wednesday, spooked by a report that China is considering slowing or halting purchases of U.S. government debt.
Real estate investing startup Cadre partners with Goldman Sachs
NEW YORK (Reuters) – New York-based real estate investment company Cadre has partnered with Goldman Sachs Group Inc to allow the bank’s private wealth management clients to invest through the startup’s platform.
Morgan Stanley cuts exposure to U.S. equities in favor of Europe
LONDON (Reuters) – Morgan Stanley cut its exposure to U.S. equities and increased its weighting in European equities on Wednesday, saying the U.S. stocks’ strong recent rally made it unlikely they could continue to outperform this year.
U.S. import prices post smallest gain in five months
WASHINGTON (Reuters) – U.S. import prices recorded their smallest increase in five months in December and underlying imported price pressures were muted amid declining costs for food and consumer goods.
Oil prices hit fresh highs, but worries grow of overheated market
LONDON (Reuters) – Crude oil prices hit new multi-year highs on Wednesday as OPEC-led production cuts and healthy demand helped to balance the market, but analysts warned of possible overheating.
