Yahoo Finance Contributor Kevin Cirilli joins the Live show to discuss the latest political news from Washington, D.C., this week.
(Bloomberg) -- Ecuador’s congress postponed a vote on whether to impeach market-friendly President Guillermo Lasso until Tuesday after he announced fuel price cuts in a bid to appease protesters.Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsA $2 Trillion Free-Fall Rattles Crypto to the CoreHyundai Quietly Climbs the EV Sales Charts and Elon Musk NoticesRep. Mary Miller Calls Roe Decision ‘Victory for White Life’Russia Is Hours Away From Its First Foreign
Warren Buffett and his company Berkshire Hathaway own many bank stocks, which make up a large part of Berkshire's roughly $317 billion equities portfolio. Luckily for bank investors, the Federal Reserve recently released the results of its annual stress tests, which put the largest banks in the country through a set of hypothetical adverse economic scenarios to see how they would hold up. During this scenario, encompassing nine quarters, commercial real estate and stock prices would also fall 40% and 55%, respectively.