Weekly Wrap For The Week Ending November 4th, 2022

Weekly Wrap For The Week Ending November 4th, 2022

over 1 year ago1 min

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Key takeaways from this week:

  • Johnson & Johnson is buying heart device maker Abiomed in the healthcare giant's biggest deal in nearly six years
  • Toyota reported tumbling profits last quarter as the world's biggest carmaker was hit by surging material costs and the ongoing chip shortage
  • Both the Federal Reserve and the Bank of England hiked interest rates by 0.75 percentage points as part of their aggressive campaigns against inflation

And if you're gonna read one insight this week, make it this one looking at if a longer investment horizon is the way to go.

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