Advertisement
Canada markets closed

  • S&P/TSX

    22,308.93
    -66.90 (-0.30%)
     

  • S&P 500

    5,222.68
    +8.60 (+0.16%)
     

  • DOW

    39,512.84
    +125.08 (+0.32%)
     

  • CAD/USD

    0.7315
    +0.0004 (+0.06%)
     

  • CRUDE OIL

    78.20
    -1.06 (-1.34%)
     

  • Bitcoin CAD

    83,238.02
    -2,594.93 (-3.02%)
     

  • CMC Crypto 200

    1,261.13
    -96.88 (-7.13%)
     

  • GOLD FUTURES

    2,366.90
    +26.60 (+1.14%)
     

  • RUSSELL 2000

    2,059.78
    -13.85 (-0.67%)
     

  • 10-Yr Bond

    4.5040
    +0.0550 (+1.24%)
     

  • NASDAQ

    16,340.87
    -5.40 (-0.03%)
     

  • VOLATILITY

    12.55
    -0.14 (-1.10%)
     

  • FTSE

    8,433.76
    +52.41 (+0.63%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • CAD/EUR

    0.6789
    +0.0011 (+0.16%)
     
MARKETS LIVE BLOG:

STOCKS CLIMB AS DOW POSTS 8TH STRAIGHT WIN

Fed's Michelle Bowman echoes higher-for-longer mantra for interest rates

Warren Buffett Is Betting on a Stock the Market Doesn't Like

Bram Berkowitz, The Motley Fool
·4 min read
Warren Buffett Is Betting on a Stock the Market Doesn't Like

In the first quarter of the year, Warren Buffett and his company Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) bought close to 9 million shares -- a roughly 2.9% stake -- in the large digital bank Ally Financial (NYSE: ALLY), which specializes in auto lending. With inventory still being challenged and used car prices soaring, Ally has flourished, generating strong financial results since the pandemic started. Buffett and the market are clearly at odds here.

Continue reading