Weekly Wrap For The Week Ending May 6th, 2022

Weekly Wrap For The Week Ending May 6th, 2022

almost 2 years ago1 min

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Key takeaways from this week:

  • Warren Buffett's Berkshire Hathaway bet big on the US stock market last quarter, putting its cash pile to work and buying up over $51 billion worth of shares
  • Both the US Federal Reserve and the Bank of England increased interest rates this week as part of the central banks' plans to fight soaring inflation
  • Germany's biggest airline group Lufthansa reported it more than doubled revenue last quarter in a sign that demand for travel is booming – something also confirmed by Airbnb's bumper results

And if you're gonna read one insight this week, make it this one looking at why Buffett is now buying the dip

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