US inflation fell to 2.4% in September, with core inflation rising to 3.3%. Investors anticipate a 90% chance of a quarter-point interest rate cut in November, following the latest data. Jobless claims also exceeded expectations, presenting a mixed economic picture weeks before the presidential election.
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Is Nu Holdings Stock a Buy Now?
Warren Buffett's Berkshire Hathaway is investing in Nu Holdings, a fintech company addressing the banking needs of a largely unbanked population in Latin America. Despite a recent 37% decline in stock value from its peak, Nu has experienced significant growth, with a 43% revenue increase and a doubling of customers since 2021. The company's strong unit economics and potential for developing customer loyalty suggest an attractive investment opportunity, especially at a forward price-to-earnings ratio of...
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