Tuesday 25 January 2022

Reuters Global Investor: Buffett plans in-person Berkshire annual meeting as Omicron wave crests

Buffett plans in-person Berkshire annual meeting as Omicron wave crests

Warren Buffett's Berkshire Hathaway Inc plans this year to let shareholders attend the company's annual meeting for the first time in three years, amid signs the Omicron wave may have peaked in the United States.

AmEx profit powered by record spending levels

American Express Co exceeded market estimates for quarterly profit on Tuesday as higher spending on travel and entertainment and the holiday season shopping rush drove up volumes at the credit-card issuer to record levels.

'Gamification' in financial markets under scrutiny, says EU watchdog

Gamification has introduced a new generation of retail investors to financial markets who may not be aware there are few protections in assets like cryptocurrencies, the European Union's securities watchdog said on Tuesday.

Caution rules after retail, derivative flows pull U.S. markets off lows

Investors are wary of rushing to scoop up stocks ahead of highly anticipated Federal Reserve announcements due later this week and Monday's rare bounce has done little to dispel concerns about the market's outlook.

Italy approves decree to buy export agency SACE from state lender - sources

Italy approved a long-awaited decree needed for the Treasury to buy credit insurance agency SACE from state lender Cassa Depositi e Prestiti (CDP) in a deal expected to be worth around 4.25 billion euros ($4.81 billion), two sources said.

Credit Suisse's problems mount as lender warns of fourth quarter loss

Credit Suisse warned on Tuesday that it would post a fourth-quarter loss as the scandal-hit lender flagged fresh legal costs and said business in its trading and wealth management divisions had slowed.

Fed could resort to outright asset sales to reduce balance sheet - Credit Suisse

The U.S. Federal Reserve could resort to outright asset sales to reduce its balance sheet as part of plans to fight unabated inflation, a Credit Suisse analyst said in a report.

As markets churn, battered investors brace for Fed meeting

Worries over a more hawkish Federal Reserve are roiling asset markets around the globe, and this week's monetary policy meeting may offer insight into how aggressive the central bank intends to be.

Meme stocks fall out of love as rate hike fears dampen speculation

Meme stocks GameStop Corp and AMC Entertainment continued to fall out of favor for investors as fears of a faster rise in interest rates puncture the prospects of speculative trading.

Credit Suisse cuts Banorte to "neutral" citing weaker core earnings, valuation

Credit Suisse downgraded Mexican banking institution Banorte to "neutral" from "outperform" in a report published Monday, citing a less attractive valuation and weaker core earnings following the company's 2021 fourth quarter results published last week.

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