DBS Group Research economist Ma Tieying analyzes the latest Bank of Korea (BoK) decision, noting a hawkish shift as the base rate is raised to 2.75%. The report now anticipates a faster tightening cycle, with the policy rate reaching 3.25% by year-end 2026. Growth is expected to benefit from the AI-driven semiconductor sector, while Consumer…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks pulled back on Friday , capping off another volatile week. Weakness in the hyperscalers — Amazon , Alphabet , Meta Platforms , and Microsoft —…
Warren Buffett has a new plan to dispose of all his Berkshire Hathaway (BRKA 0.34%) (BRKB 0.45%) shares. The legendary investor and former CEO of Berkshire owns about 188,000 Class A shares of the conglomerate he built over five decades, as well as more than 1,100 Class B shares. Those shares mean Buffett’s net worth is…
We revisit fiscal sustainability through the lens of the government’s budget constraint. What constrains fiscal policy is not the stock of outstanding liabilities per se, but the fiscal cost of servicing debt. Using two centuries of U.S. fiscal data (1800–2023) and a long-run panel of advanced economies, we show that primary surpluses are systematically more…
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Is a bear market around the corner? No one can say for sure, but one is certainly coming eventually, and perhaps soon. There are plenty of reasons to expect one. Consider, for example, geopolitical and economic concerns such as tariffs, the war with Iran, volatile oil prices, the threat of inflation (and, therefore, potentially rising…
Is your AI paying off? Today, OpenAI CFO Sarah Friar published the scorecard she uses for telling whether you are actually getting economic value from AI spend. For years, software success was measured through adoption—seats, active users, and renewals, Friar notes. She argues that AI is different: it must be measured by the work it…
Children love to play with castles, and the Casul chairs become one in seconds. Otherwise a chair for kids, you can transform the seats into a children’s playset resembling a miniature throne rendered in plywood. Designed by Irish furniture designer James Murphy, the Casul chairs feature clever timber joints and kid-safe hinges that allow the…
EDITOR’S NOTE: It’s never too early to start thinking about the holidays and the presents you might want to give to those around you. And just about everybody loves books, right? Especially those who want to become financially literate. That’s why WCI offers discounts on bulk book ordering-so those you care about can learn about…
(Bloomberg) — It’s not just Morgan Stanley’s IPO bankers that are benefiting from the frenzy of companies going public in recent weeks. The bank hauled in $148 billion of net new assets in its wealth-management business in the second quarter, over half of which were tied to IPOs, according to a statement Wednesday. SpaceX’s record-breaking…