The Oracle strikes again
Breakfast with Benjamin: Warren Buffett's warning to Coke comes to pass. Plus: Borrowing increases, as do divorce rates, all thanks to the economy. And what the cold weather hath wrought, why so few 'sell' ratings on stocks and crashing a Wall Street secret society meeting.
- They don’t call him the Oracle for nothing. Last year, Warren Buffett warned Coca-Cola not to become complacent in the face of success but the soft drink giant said sales fizzled for the fourth straight quarter. Buffett’s Coca-Cola complacency warning foretells troubled year
- Borrowing increased by the most in a while as more Americans looked for loans to buy homes, cars and pay for college in the last quarter, according to a report by the Federal Reserve Bank of New York. U.S. borrowing grows by biggest amount in six years
- Are more of your clients interested in divorce? Many couples who stayed together for economic reasons are once again proceeding with a divorce as the economy recovers. Worsening U.S. divorce rate points to improving economy
- Another consequence of the cold weather? Homebuilders’ confidence in the market. Poor weather conditions led to a decline in buyer foot traffic last month, the Star-Ledger reports.
- Sure, there’s a lot of optimism in the markets, but why are so many analyst recommendations positive? Here are five main reasons why only 25 stocks on the S&P 1500 index have a sell rating right now. Why Wall Street never tells you to sell
- Every industry has its own way of dealing with (or celebrating) its follies. Here’s what one reporter found when he crashed a party for a Wall Street secret society.
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