Archives of “May 5, 2021” day
rssBerkshire Hathaway’s stock price is too high, NASDAQ temporarily suspended prices
Warren Buffett is doing something right … the Wall Street Journal report how his firm’s stock price is too high
- Berkshire Hathaway is trading at more than $421,000 per Class A share,
- On Tuesday, Nasdaq Inc. temporarily suspended broadcasting prices for Class A shares of Berkshire over several popular data feeds.
- Nasdaq’s computers can only count so high because of the compact digital format they use for communicating prices. The biggest number they can handle is $429,496.7295. Nasdaq is rushing to finish an upgrade later this month that would fix the problem.
Link here for more, its the Journal so it may be gated.
How long before BTC catches up though? Or Ethereum … or DOGE 😀
Yellen says she has regular meetings with Fed Chair Powell but believes strongly in Fed independence
US Treasury Secretary Yellen says its entirely up to the Fed how they manage monetary policy.
ICYMI Yellen is a past Chair of the Federal Reserve System. Her and Powell are currently on the same page. Let’s see how that changes when the Fed does decide its time to raise rates (which, we are told repeatedly, is not on the near-term horizon).
“Hi Jerry! As a heads up, I shall crush you like a bug if need be …”
More from Yellen – says we don’t have an adequate cryptocurrency regulatory framework
US Treasury Sec Yellen is on fire today.
Its not enough to trash stocks (comments from earlier that sent stocks down):
- Yellen: Rates might have to rise to keep the economy from overheating
Now its crypto’s turn!
US stocks close mixed. Dow industrial average closes higher in late day surge
NASDAQ index was down over 400 points at the lows
the major indices rebounded into the close and settled mixed. The Dow industrial average surged to positive territory at the bell and is closing near the session highs. The NASDAQ and the S&P index remains negative.
A snapshot of the closing levels shows:
- S&P index -27.61 points or -0.66% at 4165.05
- Nasdaq -261.62 pointsor -1.88% at 13633.50
- Dow +22.11 points or +0.06% at 34135.34
- Russell 2000 index -29.18 points or -1.28% at 2248.27