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Buffett is "likely shoring up reserves" for a major acquisition, said Doug Kass, a principal at Seabreeze Partners Management LLC in Palm Beach, Florida. "He is clearly in no rush and is sitting on his hands, awaiting the right pitch."
Asia equities cautious ahead of China data testJapan's Nikkei gained 0.4%, having also touched its lowest since early January last week. S&P 500 futures and Nasdaq futures were both flat, following Friday's rally.
from Stocks-Markets-Economic Times https://ift.tt/3yf… Read MoreNifty has strong support at 14,400-14,200Nifty on the weekly chart has formed a negative candle at the highs, which signals inability of the bulls to maintain the highs. After the upside breakout of down sloping trend line resistance in the previous week, Nifty slip… Read MoreIs it time to get picky in emerging markets? Here's what money managers sayInvestor enthusiasm toward emerging-market assets has waned this year as Covid-19 infections engulf nations from India to Brazil while Treasury yields push higher amid rising price pressures.
from Stocks-Markets-Economic Tim… Read MoreOver half of FY21 Covid mediclaims in just 6 weeksAs of March 31, non-life companies, including health insurers, received 9.8 lakh claims for Rs 14,560 crore for Covid treatment. This went up to 14.8 lakh as of May 14, 2021, for Rs 22,955 crore. This means that in the first … Read MoreRBI opposes fresh insolvency freezeIn initial discussions with the government, the RBI has indicated a freeze will not help anyone in the long run as it will only show lower level of non-performing assets (NPAs), government sources told TOI. The government has… Read More
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