Financial Buffet

Most recent stories in Financial Buffet

• Thomas Cory

  

  No, the SALT deduction does not benefit only the wealthy. It makes sense to raise it.

  The Washington Post - By Allan Sloan

  Let’s talk about two ideas that seem to have become conventional Washington wisdom in certain quarters, but that strike me as being far from wise. The first of these ideas is that anything that helps well-off people must be bad. The second is that anything that helps old people must be good. The …

• Thomas Cory

  

  Electric cars ‘will be cheaper to produce than fossil fuel vehicles by 2027’

  The Guardian - Joanna Partridge

  BloombergNEF forecasts result of falling cost of making batteries as well as dedicated production lines Electric cars and vans will be cheaper to produce than conventional, fossil fuel-powered vehicles by 2027, and tighter emissions regulations could put them in pole position to dominate all new car …

• Thomas Cory

  

  It’s not a ‘labor shortage.’ It’s a great reassessment of work in America.

  The Washington Post - By Heather Long

  From Wall Street to the White House, expectations were high for a hiring surge in April with potentially a million Americans returning to work. Instead, the world learned Friday that just 266,000 jobs were added, a massive disappointment that raises questions about whether the recovery is on …

• Thomas Cory

  

  Investor Warren Buffett names Berkshire Hathaway successor

  bbc.co.uk - BBC News

  Investor Warren Buffett has confirmed that Berkshire Hathaway's vice-chairman, Greg Abel, will succeed him as chief executive. Mr Buffett built Berkshire Hathaway from a failing textile maker into a $628bn (£452bn) investment juggernaut. Although he is 90 years old, Mr Buffett has given no indication …

• Thomas Cory

  

  Supreme Court unanimous that FTC lacked authority to recover billions for consumers

  The Washington Post

  The commission said Congress will need to step in because of the decision. “The Supreme Court ruled in favor of scam artists and dishonest corporations, leaving average Americans to pay for illegal behavior,” acting FTC chairwoman Rebecca Kelly Slaughter said in a statement. “With this ruling, the …

• Thomas Cory

  

  EU economy 'on crutches,' warns ECB chief Christine Lagarde

  DW English

  Christine Lagarde has said Europe's monetary authority plans to keep interest rates and coronavirus stimulus unchanged. She urged EU members to get …