Canada Markets open in 8 hrs 29 mins

3 Buffett Stocks to Buy Amid High Inflation and Rising Interest Rates

Courtney Carlsen, The Motley Fool
·4 min read
3 Buffett Stocks to Buy Amid High Inflation and Rising Interest Rates
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • V
  • BAC
  • USB-PQ

Investors are primarily concerned about inflationary pressures and how they might affect the economy. The most recent Consumer Price Index (CPI) for April put inflation at 8.3%. While this is below March's CPI of 8.5%, it's still well above the Federal Reserve's long-term inflation target of 2%.

Continue reading
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting

Latest Stories

  • Sri Lanka sends 2 ministers to Russia for oil amid crisis

    COLOMBO, Sri Lanka (AP) — Sri Lanka is sending two government ministers to Russia to negotiate for fuel — one of the necessities nearly exhausted as a result of the Indian Ocean nation's economic collapse. The plan comes as Washington and its allies aim to cut off energy imports from Russia in line with sanctions over its war against Ukraine. Since its invasion in late February, global oil prices have skyrocketed, prompting a number of countries to seek out Russian crude, which is being offered

  • Stocks slide on Wall Street as inflation worries persist

    NEW YORK — Stocks closed broadly lower on Wall Street Tuesday, after a discouraging snapshot of U.S. consumer confidence stoked investors' worries about the risk that sharply higher interest rates and pervasive inflation could trigger a recession. The S&P 500 ended 2% lower, reversing a 1.2% gain from earlier in the day. The Dow Jones Industrial Average fell 1.6% and the Nasdaq composite ended 3% lower. Roughly 85% of the stocks in the benchmark S&P 500 closed in the red. Technology, communicati

  • Canfor and Canfor Pulp Jointly Release 2021 Sustainability Report with Additional Targets

    Canfor Corporation (TSX: CFP) and Canfor Pulp Products Inc. (TSX: CFX) jointly announce today the release of the 2021 Sustainability Report which includes additional performance targets for Climate Change, Water Management, Waste Management, and Air Quality. This is a continuation of their bold ambition to become an industry leader in sustainability and furthers their commitments to sustainable forestry; safety, health and wellness; inclusion and diversity amongst employees, and stronger partner

  • Some cities nix July 4 fireworks for shortages, fire dangers

    PHOENIX (AP) — The skies over a scattering of Western U.S. cities will stay dark for the third consecutive Fourth of July as some major fireworks displays are canceled again this year — some over wildfire concerns amid dry weather and others because of enduring pandemic-related staffing and supply chain issues. Phoenix canceled its three major Independence Day displays because it couldn't obtain professional-grade fireworks. Shows in several other cities around Phoenix are still on. “Unless you’

  • Cryptoverse: Ether holds its breath for the lean, mean 'merge'

    Investors in ether and its troubled twin stETH are nervously anticipating a crypto milestone: The merge. That's the name for a major upgrade of the Ethereum blockchain network upon which many crypto projects are built, aimed at making it leaner, meaner and cleaner. The merge was supposed to happen years ago but has been delayed several times, with developers most recently axing plans to push the button in June, unnerving investors who began to fear it might never see the light of day.

  • The Biggest Regret a TSX Investor Can Have

    Hydro One (TSX:H) is a top bond proxy to own if you're a TSX investor who's worried about a pick-up in market volatility in the second half of 2022. The post The Biggest Regret a TSX Investor Can Have appeared first on The Motley Fool Canada.

  • Australia's Liontown inks lithium deal with Ford after Tesla, LG agreements

    Liontown said on Wednesday it will supply Ford with 150,000 dry metric tonnes (DMT) of lithium spodumene concentrate each year for five years from its flagship Kathleen Valley project in Western Australia. The concentrate is a source of lithium essential for making EVs.

  • Hong Kong regulator sharpening scrutiny of derivatives after Archegos saga

    Hong Kong's financial watchdog is tightening oversight on derivatives markets after the collapse of Archegos Capital Management, a senior official at the city's Securities and Futures Commission (SFC) said on Tuesday. Archegos, a U.S.-based family office of investor Bill Hwang which had $36 billion in assets, blew up last year when it was caught short on highly leveraged trades and left global banks with $10 billion in losses. A majority of Hwang's exposure was built via a type of equity derivative traded over the counter, written by his bank counterparties, which helped him to circumvent rules requiring reporting positions to U.S. regulators.

  • ISS says JetBlue's Spirit offer 'more favorable' but sticks to Frontier

    Spirit Airlines on Tuesday again cited antitrust concerns to reject JetBlue's sweetened offer and asked its shareholders to vote for a merger with Frontier at Thursday's meeting. The influential proxy advisory firm in a report dated Monday said, with the shareholder meet to approve the deal set as early as Thursday, it was hesitant to change its earlier stand recommending them to vote for Frontier's offer.

  • Canadian dollar climbs to 2-week high as China eases COVID curbs

    The Canadian dollar strengthened for a third straight day against its U.S. counterpart on Tuesday as the easing of COVID-19 restrictions in China bolstered investor sentiment. Global shares were higher and the price of oil, one of Canada's major exports, rose following China's decision to ease some quarantine requirements for international arrivals, a move that raised hopes for stronger growth and a revival in demand for commodities. U.S. crude prices advanced 1.3% to $110.98 a barrel, while the Canadian dollar was trading 0.3% higher at 1.2844 to the greenback, or 77.86 U.S. cents.

  • EY to pay $100 million to settle U.S. charges of staff cheating on accountant exams

    WASHINGTON (Reuters) -Big Four accounting firm Ernst & Young will pay $100 million to settle U.S. Securities and Exchange Commission (SEC) charges that its auditors cheated on certified public accounting (CPA) exams and that it misled the agency's investigators. The London-based auditor admitted to the charges and agreed to pay what the SEC said is its largest fine against an auditor. "EY acknowledges the findings determined by the SEC," said Brendan Mullin, EY media relations director, adding that the firm's response has been "thorough, extensive and effective."

  • Is Blackline (TSX:BLN) Stock Worth Your Attention in 2022?

    Blackline Safety Corp. (TSX:BLN) stock has struggled in the year-over-year period, but there are some positives to glean from its earnings. The post Is Blackline (TSX:BLN) Stock Worth Your Attention in 2022? appeared first on The Motley Fool Canada.

  • Alberta ends 2021-22 with surprise C$3.9 billion surplus on higher oil prices

    Canada's oil-producing province of Alberta ended the 2021-22 fiscal year with a surprise surplus of C$3.9 billion ($3 billion), its first in seven years, helped by the economy reopening after the pandemic and a surge in energy prices, the government said on Tuesday. The province had initially projected a deficit of C$18.2 billion for the 2021/22 fiscal year, before significantly revising down the deficit forecast to C$3.2 billion in a scheduled third-quarter update on Feb. 24, the day Russia launched an invasion of Ukraine. Alberta had based its budget last year on an average WTI price of $46 per barrel, but oil prices shot up with a post-pandemic surge in demand and rose further due to supply constraints after the Russian invasion.

  • Health care workers plan rally in front of Chatham LTC home

    Health care workers are taking their issues right to Chatham, Ont.'s Riverview Gardens after they say negotiations have broken down.

  • China vows timely policy measures to cope with economic risks

    China will roll out tools in its policy reserve in a timely way to cope with more economic challenges, as COVID-19 outbreaks and risks from the Ukraine crisis pose a threat to employment and price stability, a state planner official said on Tuesday. The government will implement its existing support measures while improving its policy toolbox, Ou Hong, deputy secretary general at the National Development and Reform Commision, told a news conference. New policy support, depending on the circumstances, can be rolled out in a timely manner, he said.

  • 2 Quality Growth Stocks Breathe Life Into the Tech Sector

    The battered technology sector has been advancing lately thanks to two quality growth stocks with pricing powers. The post 2 Quality Growth Stocks Breathe Life Into the Tech Sector appeared first on The Motley Fool Canada.

  • Oil price cap could strike Russia's war chest - if enforced

    GARMISCH-PARTENKIRCHEN, Germany (AP) — Leaders of the world’s biggest developed economies are weighing a cap on the price of Russian oil meant to strike at the main pillar of the Kremlin's finances following its invasion of Ukraine — and to limit the havoc that high energy prices are wreaking worldwide. Details haven't been agreed at the Group of Seven summit in Elmau, Germany, but the basic idea would be to tie the price cap to the services that make trading oil possible. For instance, insurers

  • Jason Derulo Slides into the Metaverse with TerraZero Technologies, Inc.

    TerraZero Technologies Inc. ("TerraZero" or the "Company"), a Metaverse technologies firm and interactive experience development studio, has partnered with Atlantic Records and Jason Derulo for a new kind of immersive activation in the Decentraland Metaverse.

  • Waning consumer confidence, Fed speeches move North American stock markets lower

    TORONTO — Waning consumer confidence and Fed warnings about interest rate hikes pushed North American stock markets lower ahead of data Wednesday that could confirm the U.S. is in a technical recession. After getting off to a positive start, markets floundered after two Federal Reserve members burst the bubble of investors who thought weaker economic data could prompt the central bank to pull its foot off the pedal of aggressive rate hikes. New York Fed president John Williams and San Francisco

  • Empty shelves, huge discounts as Russia's Decathlon stores close

    Empty shelves and prices discounted by as much as 70% greeted shoppers who visited Decathlon stores in Russia over the weekend before the French sports equipment retailer closed its stores on Monday, hampered by supply constraints. Scores of Western brands have left Russia following a backlash against its military incursion into Ukraine, with McDonald's, IKEA and Renault among the more high-profile. One shopper, Lyubov, said Decathlon's departure was "sad", but was adamant that Russian consumers would cope.