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CNBC
39 minutes ago
- CNBC
Economist Nouriel Roubini sees a ‘mini stagflationary shock' coming in the second half of 2025
An economist and investor nicknamed "Dr. Doom" sees a rough patch ahead for the U.S. economy, but isn't advocating any panicked selling. Nouriel Roubini told CNBC that he expects the core personal consumption expenditures index — the Federal Reserve's preferred inflation metric — to reach about 3.5% by the end of the year, and economic growth to weaken and possibly turn negative. Best known for calling the 2008 Global Financial Crisis, Roubini said the second half will amount to "a mini stagflationary shock," and that the Fed will hold off on rate cuts until at least December. That view includes an expectation of a "mild" resolution to trade negotiations that ends with many countries facing a 15% rate, the economist said. "I'm not expecting, certainly, anything close to April 2," Roubini said, referring to the tariff levels announced by President Donald Trump that day that sparked a steep market sell-off. Roubini, a Harvard-trained economist, has a long track record in the academia, government and the private sector. The "Dr. Doom" moniker refers to numerous macroeconomic warnings he has issued throughout his career. His hit rate is not perfect, but he was early in warning about the financial crisis and a virus-induced recession in 2020. He is also one of the portfolio managers on the Atlas America Fund (USAF) , an ETF launched late last year that aims to guard against economic risks from structurally higher inflation to climate change. The fund is designed to be less volatile than the stock market but is "not a portfolio for doomsday," Roubini said. The fund is still small and thinly traded, with only about $17 million in assets, according to FactSet. But performance has been solid. The multi-asset fund has gained more than 5% since inception last November. That trailis the S & P 500 , but USAF has shown its defensive mettle, falling less than 3% in the days following the April 2 "Liberation Day" tariff announcements, when U.S. stocks soon fell roughly 20%. USAF 1Y mountain The Atlas America Fund saw a smaller drawdown in April than broad stock market indexes. "We don't particularly want outsized returns in one month. We'd rather have the slow and steady uptick, which is exactly what we've been seeing," said Puneet Agarwal, one of other portfolio managers for USAF. The portfolio, which includes large positions in gold, short-term U.S. government debt and exposure to agricultural commodities, has changed some since the fund's launch. USAF has recently added exposure to defense technology and cybersecurity stocks, and bought short-term inflation-protected bonds, while dialing back holdings in real estate, Agarwal said. The fund's large bet on gold helped it outperform the stock market earlier this year, but also contributed to USAF's relatively sluggish performance in June. Roubini said the bet on gold is part of a longer-term theory that the world is moving away from the U.S. dollar. "We're not expecting things to crash. But the trend is clear and it is going [in] one direction," Roubini said.
Yahoo
2 hours ago
- Yahoo
Should You Buy Berkshire Hathaway Stock, Even Though It's Down 10% Since Warren Buffett Announced Retiring as CEO?
Berkshire Hathaway has been underperforming the S&P 500 in recent months. The company's investment thesis is noticeably different today than in Berkshire's early days. Berkshire remains a balanced blue chip stock for long-term investors. 10 stocks we like better than Berkshire Hathaway › Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) stock is down big since Warren Buffett announced that he would be stepping down as chief executive officer (but remain chairman) by the end of the year. Here's why the sell-off is a buying opportunity for investors looking for an ultra-reliable blue chip stock to hold for years to come. Berkshire Hathaway stock was on a tear to start the year -- hitting an all-time high on May 2 -- the day before its annual shareholder meeting in Omaha. But between that meeting and June 30, Berkshire fell 10%, compared to a 9.1% gain in the S&P 500 (SNPINDEX: ^GSPC). That's a significant underperformance in a short period, to which Berkshire investors aren't accustomed. The stock has trounced the S&P 500 over the long term, with a 19.9% compounded annual gain between 1965 and 2024, compared to 10.4% for the index with dividends reinvested. Part of the reason Berkshire has been lagging the S&P 500 is changing investment sentiment. When tariff turmoil was rippling through markets, some investors gravitated toward companies with business models that could hold up well even if these tensions escalated. Berkshire is an ultra-safe stock to own regardless of the market cycle. This is because of its portfolio of controlled assets -- from its insurance businesses to ownership of the BNSF railroad, utility giant Berkshire Hathaway Energy, manufacturing assets, services and retailing businesses, and its positions in public companies like Apple, American Express, Coca-Cola, and more. But Berkshire has been extra cautious lately. In its first-quarter 2025 financial filings, Berkshire revealed a record $348 billion in cash, cash equivalents, and short-term Treasury bills. During the shareholder meeting, Buffett said that Berkshire was holding more Treasury bills than he would like, but stressed the importance of being patient and waiting for excellent investment opportunities. In this vein, Berkshire has become even more of a defensive stock, so it makes sense that investors gravitated toward it when volatility was spiking. The news that Buffett is stepping down as CEO, combined with investors looking for riskier, higher-potential-reward stocks and less defensive names, may explain why Berkshire has underperformed the S&P 500 by so much over the last two months. As a long-term investor, it's important to filter out the noise of market movements and understand that stock prices can do all sorts of things in the near term that have little to do with a long-term investment thesis. Earlier this year, Berkshire's stock price was driven by some investors rotating out of mega-cap growth stocks and into value stocks. But now, the opposite is happening, as some value stocks like Berkshire are selling off or underperforming the S&P 500 while mega-cap growth stocks like Nvidia and Microsoft are hitting all-time highs. It's not that Nvidia's and Microsoft's business models have changed between now and a few months ago. Rather, investors are willing to pay a premium price for future earnings growth, because the risk of tariffs slowing that growth has gone down considerably. Instead of focusing on which stocks are in and out of favor, a better approach is to identify excellent businesses and then decide if the price is reasonable. Buffett's preferred way to value Berkshire is by its operating earnings, which reflect how the businesses it owns are performing, rather than accounting for changes in market values. Berkshire's operating earnings have compounded over time as it has grown its controlled businesses and made savvy acquisitions. Insurance underwriting and investment income have been massive drivers of operating earnings. Underwriting earnings grow as premiums collected outpace claims paid, and investment income represents the return Berkshire gets on the sum of premiums collected that haven't been paid out in claims. Given the size and operational excellence of Berkshire's insurance businesses, paired with its other controlled businesses, the company has a clear path toward steadily growing operating earnings over time. As mentioned, Berkshire also has a massive cash position that it can use to make a strategic acquisition, accelerate growth in a controlled business, or buy shares in stocks at compelling prices. Another reason to buy and hold Berkshire is the potential for the company to pay dividends under its new CEO, Greg Abel. Buffett has long been against the idea of paying dividends, because he believes that Berkshire can earn a better return for shareholders by reinvesting profits rather than passing them along through dividends. And he's been right, given the long-term performance of Berkshire stock. But if Berkshire continues to hold a ton of cash and not buy back stock, it could make sense for the company to pay a dividend. When Berkshire was a smaller company, Buffett was able to flex his investing prowess and creativity to have a meaningful effect on the business through moves like acquiring Geico and buying Coca-Cola and American Express at dirt cheap prices. But today, Berkshire is so big that buying hidden-gem, undervalued companies wouldn't affect its stock performance. So Berkshire's big buys over the last 10 years have been opportunities hiding in plain sight -- like Apple. And with Buffett passing the torch to Abel, investors should focus more on Berkshire's operational advantages, rather than treating the company like a stock-picking hedge fund. All told, Berkshire is a great buy if you like the assets it owns, its cash position, and its competitive advantages. Before you buy stock in Berkshire Hathaway, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Berkshire Hathaway wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $699,558!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $976,677!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 American Express is an advertising partner of Motley Fool Money. Daniel Foelber has positions in Nvidia. The Motley Fool has positions in and recommends Apple, Berkshire Hathaway, Microsoft, and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Should You Buy Berkshire Hathaway Stock, Even Though It's Down 10% Since Warren Buffett Announced Retiring as CEO? was originally published by The Motley Fool Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Associated Press
3 hours ago
- Associated Press
Bitcoin Solaris Enters Final Phase of Presale Ahead of Mobile Mining App Launch
TALLINN, Estonia, July 06, 2025 (GLOBE NEWSWIRE) -- When you hear 'Bitcoin 2.0,' your first instinct might be to roll your eyes and think, 'Here we go again.' But once you dig past the noise, Bitcoin Solaris (BTC-S) emerges with something most imitators lack: a powerful technical backbone, a wealth-building strategy for the everyday user, and a clear roadmap to actual utility. As altcoin chatter and speculative memecoins begin to fade, the spotlight is shifting toward something with more meat on the bone. That something is Bitcoin Solaris. The Next Generation of Wealth Creation What's fueling the hype around Bitcoin Solaris is more than a name. This project is designed from the ground up to empower individuals to build real financial momentum. Instead of betting on token prices alone, BTC-S is offering an ecosystem where users can earn, transact, and contribute meaningfully. Its mobile-first mining solution is already getting crypto circles buzzing. Through the exciting release of the upcoming Solaris Nova app, users will be able to mine BTC-S directly from their smartphones, bringing decentralized rewards into the palms of over 6 billion mobile users worldwide. Whether you're in a coffee shop or on a bus, your device could be earning for you. But mining is only part of the equation. Bitcoin Solaris doesn't just reward presence, it rewards performance. The rewards distribution system accounts for: This isn't just mining, it's intelligent participation. The kind that turns casual users into long-term holders. The Tech That Powers the Surge Let's talk power. Bitcoin Solaris runs on a unique hybrid consensus model that combines Proof-of-Work (PoW) with Delegated Proof-of-Stake (DPoS), operating across a dual-layer architecture. It's a bit like driving a racecar and piloting a drone at the same time. In short, this thing flies. And it does so without sacrificing decentralization or security. It even implements zero-knowledge proofs for added privacy, and a multi-layered defense against both 51% and long-range attacks. It's no surprise then that many crypto veterans are calling it one of the most technically complete projects of the year. Audited and Backed by the Community Bitcoin Solaris has passed two comprehensive smart contract audits. The first by Cyberscope and the second by Freshcoins, both of which confirmed the strength and integrity of BTC-S's core codebase. Community conversations on Telegram and X continue to grow daily. With over 13,650 unique users already onboarded and more pouring in, this is no quiet presale. Crypto Show recently released a detailed review covering why so many enthusiasts are paying attention. From mobile mining to on-chain scalability, the breakdown highlights just how massive the upside potential really is. Presale Momentum Builds Toward a $20 Launch We're now entering the final sprint. Bitcoin Solaris is in the last few hours of Phase 10 of its limited 90-day presale. Here's what you need to know: This is shaping up to be one of the fastest-growing and most explosive presales of 2025. With only around 4 weeks left, the clock is ticking. Investors are eyeing a 150% return right at launch, with many seeing this as a chance to ride the next big Bitcoin-like wave. This Is the Mobile-First Wealth Engine Crypto Promised You To receive your tokens on launch day, Bitcoin Solaris recommends using Trust Wallet or Metamask for seamless token delivery. Real-World Utility Across Every Sector BTC-S isn't just fast, it's functional. The ecosystem supports a wide range of smart contract applications written in Rust and built initially using Solana's programming tools. These include: And that's only scratching the surface. The infrastructure is built to scale across industries, use cases, and devices without bottlenecks. If you're curious about mining potential, check the estimated earnings through the Bitcoin Solaris mining calculator. Final Verdict Bitcoin Solaris is designed to deliver a scalable, accessible, and rewarding blockchain experience for real users. With strong technical foundations and a focus on usability, it offers a comprehensive solution for long-term participation and growth. As the presale enters its final phases, early supporters have a unique opportunity to join a rapidly growing ecosystem before launch. The momentum is building—and this could be a defining moment for those seeking meaningful involvement in the next wave of blockchain innovation. For more information on Bitcoin Solaris: Media Contact: Xander Levine [email protected] Press Kit: Available upon request Disclaimer:This content is provided by Bitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information do not guarantee any claims, statements, or promises made in this content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. 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