Warren Buffett is ending his career as perhaps the world’s most famous and revered investor, saying he will step down as chief executive of Berkshire Hathaway at the end of 2025, and hand over the reins to Vice Chairman Greg Abel.
The Federal Reserve meeting in the coming week is set to test the U.S. stock market’s sharp rebound, with investors hoping the central bank is poised to resume lowering interest rates in the months ahead.
Fed Meeting This Wednesday – No rate cut expected — but the market’s ready to move.
📌 Rates likely to hold at 4.25%–4.5%
📌 July rate cut still priced in
📌 Tariffs = risk of inflation + slowdown
💥 Why it matters for traders:
Even without a rate change, Fed guidance and Powell’s tone can shake up USD, gold, stocks, and bonds.
U.S. stocks rallied, with the Dow and S&P 500 posting their eighth straight session of gains after strong results from megacaps Microsoft and Meta eased concerns about artificial intelligence spending.
Amazon.com forecast second-quarter revenue largely above estimates, in a reassuring sign the e-commerce giant would navigate tariff-related uncertainty, but growth in its closely watched cloud unit lagged.
U.S. manufacturing contracted further in April while tariffs on imported goods were straining supply chains, keeping prices paid for inputs elevated. Manufacturing PMI dropped to a five-month low of 48.7 last month.
Wall Street stocks advanced while crude and gold prices slid as investors juggled corporate earnings, signs of progress in U.S. President Donald Trump’s tariff negotiations, and increased odds of a global recession.
