According to the Department of the Treasury, the federal deficit in May 2024 was $347 billion, an increase of $107 billion from the same period last year. The cumulative deficit in fiscal year 2024 was $1,202 billion, which is also higher than the $1,165 billion in the same period last year.
■ Deficits set to hit new highs. Will the market repeat the scenario from Q3 last year?
In Q...
■ Deficits set to hit new highs. Will the market repeat the scenario from Q3 last year?
In Q...
![Treasuries Dynamics: Fiscal Deficit Is Expected to Further Expand This Year. Will the U.S. Debt Storm Strike Again?](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240702/696749e121174f87ab69818088010bc6.png?area=100&is_public=true)
![Treasuries Dynamics: Fiscal Deficit Is Expected to Further Expand This Year. Will the U.S. Debt Storm Strike Again?](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240702/cb687529882743ff873a55e018f66f32.png?area=100&is_public=true)
![Treasuries Dynamics: Fiscal Deficit Is Expected to Further Expand This Year. Will the U.S. Debt Storm Strike Again?](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240702/9762396ad8df4ec49b73794e66100420.png?area=100&is_public=true)
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The auto insurance sector has outperformed other financial stocks this year. Among them, Progressive's stock price has risen by more than 30%. Buffett has repeatedly praised Progressive for its "discipline in underwriting," and said in an interview that the company "does a better job" than Berkshire Hathaway's Geico.
■ Auto insurance prices have increased significantly since the epidemic
Inf...
■ Auto insurance prices have increased significantly since the epidemic
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![Progressive Corporation Has Risen More Than 30% This Year. Why Does Buffett Praise This Insurance Company?](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240620/a4e09785217d4081adc55648b43c99bc.png?area=100&is_public=true/thumb)
![Progressive Corporation Has Risen More Than 30% This Year. Why Does Buffett Praise This Insurance Company?](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240620/cd1479a3f2fc4f4e870d868bde137f95.jpg?area=100&is_public=true/thumb)
![Progressive Corporation Has Risen More Than 30% This Year. Why Does Buffett Praise This Insurance Company?](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240620/a9dbc1530da549d79a9af2606352ea88.png?area=100&is_public=true/thumb)
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Canada on Wednesday announced to cut rates to 4.75% from 5%, becoming the first G7 nation to cut rates. Governor Tiff Macklem indicated further easing would be gradual and dependent on data.
The European Central Bank on Thursday also confirmed a widely-anticipated reduction in interest rates at its meeting in Frankfurt. It takes the central bank's key rate to 3.75%, down from a record 4%. Markets have priced one further reduction this ...
The European Central Bank on Thursday also confirmed a widely-anticipated reduction in interest rates at its meeting in Frankfurt. It takes the central bank's key rate to 3.75%, down from a record 4%. Markets have priced one further reduction this ...
![Will Rate Cuts in Canada And Europe Affect the United States?](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240607/f40f1c910ed34a5c89c058b908ca0df3.png?area=100&is_public=true/thumb)
![Will Rate Cuts in Canada And Europe Affect the United States?](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240607/2adff440e080418fa2c08211a63965cc.png?area=100&is_public=true/thumb)
![Will Rate Cuts in Canada And Europe Affect the United States?](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240607/3369479b7a544cb789187b20f496eab2.png?area=100&is_public=true/thumb)
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May's nonfarm payrolls report will be released at 8:30 ET this Friday. The median forecast of analysts for the May nonfarm employment is 190,000, which, although potentially slightly higher than April, is still expected to be below the first quarter's average level of 269,000. Wells Fargo said the slowdown in hiring in the leisure and hospitality industry and government sectors was an important reason for th...
![May Nonfarm Payrolls Preview: Balancing Labor Market Signals Decelerating Hiring Momentum](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240606/2b6012dded244dc398001818d1bf25b3.png?area=100&is_public=true/thumb)
![May Nonfarm Payrolls Preview: Balancing Labor Market Signals Decelerating Hiring Momentum](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240606/606d42439f094078b63fac88e772f8f5.png?area=100&is_public=true/thumb)
![May Nonfarm Payrolls Preview: Balancing Labor Market Signals Decelerating Hiring Momentum](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240606/5401da761d9d470ead3d3d6c3ef32891.jpg?area=100&is_public=true/thumb)
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Richard Koo, Chief Economist at the Nomura Research Institute, pointed out a problem currently troubling the Federal Reserve in his latest report: The Fed used to effectively regulate the economy through adjusting policy interest rates and the supply of bank reserves; however, despite consecutive significant rate hikes, financial conditions remain relatively loose.
Indeed, as shown in the chart, the long-term ...
Indeed, as shown in the chart, the long-term ...
![Why Has the Financial Conditions Index Become More Accommodative After the Rate Hikes?](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240605/f1fa4734c9874cfc925db0d368e89b93.png?area=100&is_public=true)
![Why Has the Financial Conditions Index Become More Accommodative After the Rate Hikes?](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240605/0c7d89f9b1b14ba58fbe182380b95d89.jpg?area=100&is_public=true)
![Why Has the Financial Conditions Index Become More Accommodative After the Rate Hikes?](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240605/8748869b88d3414695cd90a95276333e.png?area=100&is_public=true)
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Columns April PCE Price Index Preview: Inflation May Show Positive Developments as Personal Spending Wanes
The Bureau of Economic Analysis will release the Personal Consumption Expenditure and the price index at 8:30 ET on Friday. Bloomberg economist Stuart Paul noted the Federal Reserve's preferred indicator may signal "encouraging progress" as consumer spending decelerates.
The monthly increase in PCE inflation is projected to remain at 0.3%, which would keep the annual headline inflation rate at 2.7%....
The monthly increase in PCE inflation is projected to remain at 0.3%, which would keep the annual headline inflation rate at 2.7%....
![April PCE Price Index Preview: Inflation May Show Positive Developments as Personal Spending Wanes](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240530/e6566af1bbf3430b804f1e0bbb0b89e5.png?area=100&is_public=true)
![April PCE Price Index Preview: Inflation May Show Positive Developments as Personal Spending Wanes](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240530/90e2ee891b3348c3b4801ea50c651a10.png?area=100&is_public=true)
![April PCE Price Index Preview: Inflation May Show Positive Developments as Personal Spending Wanes](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240530/6e947147c78f45caa135ce24ea2bc4d8.png?area=100&is_public=true)
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$American Express(AXP.US$ has been one of Berkshire Hathaway's top five holdings for many years. According to the latest 13F filing, AXP accounts for 10.41% of Berkshire Hathaway's portfolio. What are the reasons for Buffett's long-term holding of this company?
■ AXP's unique business model is key to Buffett's favor
American Express is one of only two companies in the United States (the other being Discover) that is both a card...
■ AXP's unique business model is key to Buffett's favor
American Express is one of only two companies in the United States (the other being Discover) that is both a card...
![Decoding Berkshire Hathaway: Why Does Buffett Love American Express?](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240527/5e87b17550994b92a1855c20f7adc4f7.png?area=100&is_public=true/thumb)
![Decoding Berkshire Hathaway: Why Does Buffett Love American Express?](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240527/a90c7f05c59c4070b9d357e9db6ed8d7.png?area=100&is_public=true/thumb)
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Warren Buffett's Berkshire Hathaway has disclosed a significant investment in the insurance company Chubb, revealing a position that had been kept confidential since the prior year. As of the end of March 2024, Berkshire Hathaway had accumulated nearly 26 million shares in Chubb, with the investment valued at around $6.7 billion. This stake, which accounts for 6.4% of Chubb, ranks as the ninth-largest holding within the B...
![Buffett's Latest Bet: Why Did Berkshire Hathaway Invest in Chubb Insurance?](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240520/452d0d0213ed457cbff8430ce50ab5f6.png?area=100&is_public=true/thumb)
![Buffett's Latest Bet: Why Did Berkshire Hathaway Invest in Chubb Insurance?](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240520/eb0775ee530a4f53b0f8f995e6bf2b24.jpg?area=100&is_public=true/thumb)
![Buffett's Latest Bet: Why Did Berkshire Hathaway Invest in Chubb Insurance?](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240520/09da0182962f43e3aae747bdb215136e.png?area=100&is_public=true/thumb)
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The Dow Jones Industrial Average closed above 40,000 for the first time last Friday, marking a significant milestone as it doubled the index level reached shortly after Donald Trump took office as the 45th president.
The surge to this historic high had been anticipated earlier in April but faced delays due to robust economic indicators and March's inflation uptick, coupled with Federal Reserve of...
The surge to this historic high had been anticipated earlier in April but faced delays due to robust economic indicators and March's inflation uptick, coupled with Federal Reserve of...
![Historic Milestone! Dow Tops 40,000 for First Time, Spotlight on Related ETFs Beyond Component Stocks](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240520/e782ee6d35fb4740b0f5fd1db160727e.png?area=100&is_public=true)
![Historic Milestone! Dow Tops 40,000 for First Time, Spotlight on Related ETFs Beyond Component Stocks](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240520/30ae3aa94da24fdd8a03b7bcb5524996.png?area=100&is_public=true)
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Columns April CPI Preview: Fed Is Likely to Remain Hawkish Despite Possible Core Inflation Alleviation
On May 15, the U.S. Bureau of Labor Statistics will release CPI data for April at 8:30 a.m. ET. This will be the first of two CPI releases before the next Federal Open Market Committee meeting on June 12. However, the subsequent May CPI release will be on the morning of the FOMC’s June interest rate decision day.
Economists expect U.S. CPI to fall from 3.5% to 3.4% in April, while core CPI will likely f...
Economists expect U.S. CPI to fall from 3.5% to 3.4% in April, while core CPI will likely f...
![April CPI Preview: Fed Is Likely to Remain Hawkish Despite Possible Core Inflation Alleviation](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240514/81a869f78f594ce0af526211fbb518c3.png?area=100&is_public=true)
![April CPI Preview: Fed Is Likely to Remain Hawkish Despite Possible Core Inflation Alleviation](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240514/80fce206dd2348f4b9c8e8c73caa58bc.png?area=100&is_public=true)
![April CPI Preview: Fed Is Likely to Remain Hawkish Despite Possible Core Inflation Alleviation](https://ussnsimg.moomoo.com/sns_client_feed/77777015/20240514/145204d9d173454b9efef9bc5db77215.png?area=100&is_public=true)
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