Berkshire Hathaway's Operating Earnings Jump 21%, Repurchases $6 Billion Of Its Stock
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Morningstar Research
Analyst Report: Berkshire Hathaway Inc.
Berkshire Hathaway is a holding company with a wide array of subsidiaries engaged in diverse activities. The firm’s core business segment is insurance, run primarily through Geico, Berkshire Hathaway Reinsurance Group and Berkshire Hathaway Primary Group. Berkshire has used the excess cash thrown off from these and its other operations over the years to acquire Burlington Northern Santa Fe (railroad), Berkshire Hathaway Energy (utilities and energy distributors), and the firms that make up its manufacturing, service, and retailing operations (which include five of Berkshire’s largest noninsurance pretax earnings generators: Precision Castparts, Lubrizol, Clayton Homes, Marmon and IMC/ISCAR). The conglomerate is unique in that it is run on a completely decentralized basis.
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Reuters
Warren Buffett’s Berkshire Hathaway recovers from coronavirus slowdown
(Reuters) -Warren Buffett’s Berkshire Hathaway Inc on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue. The company Buffett has run since 1965 also signaled the billionaire’s confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs. Omaha, Nebraska-based Berkshire’s manufacturing, service and retailing businesses suffered last year as economic activity plunged, job losses soared and shoppers stayed home.
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Benzinga
Ethereum Estimated To Become Deflationary: Here’s When And How Much
Following Thursday’s London upgrade, the Ethereum (CRYPTO: ETH) network started burning thousands of coins each day, while this is a welcome blow to Ether’s inflation may expect that in the future it may make it even a deflationary asset. What Happened: According to network data, over 4,418 ETH (equivalent to over $12.1 million) were burned in under 22 hours after the network implemented Ethereum Improvement Proposal (EIP) 1559 as part of the London hard fork. With EIP-1559, users start paying a
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Bloomberg
China’s Ban on Taiwan Pineapples Backfires as New Buyers Step In
(Bloomberg) — China’s surprise ban on pineapple imports from Taiwan five months ago was widely viewed as an attempt to undermine President Tsai Ing-wen’s standing with a political constituency. Trade data show the move has produced anything but the desired effect.First-half numbers collected by Taiwan’s Council of Agriculture show growers of the fruit on the island have fared better since China blocked imports starting March 1, as sympathetic Japanese shoppers stepped in to provide support. Shi
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The New York Times
Conservative Fellow Travelers: Tucker Carlson Drops In On Viktor Orban
BUDAPEST — It’s been a meeting of conservative fellow travelers: a jovial host — who heads an authoritarian government bent on targeting liberal institutions, including universities, the judiciary and the media — and his American guest exchanging grins. In a week in which he broadcast nightly from Budapest, the American talk show host Tucker Carlson posed for pictures with and interviewed Hungary’s authoritarian leader, Viktor Orban, and took a helicopter to inspect a Hungarian border fence desi
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MarketWatch
How workers quitting is a signal for economic recovery
The Labor Department on Friday said 930,000 people voluntarily quit jobs in July on top of 942,000 who quit in June. Most people who are quitting are not leaving the labor market. Workers still in the market can negotiate better hours and pay because employers need labor to keep their businesses running.
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Benzinga
Big Tech’s Q2 Results Are Poking The Regulatory Bear
Last week, three tech giants, Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), and Google’s parent Alphabet (NASDAQ: GOOG) reported they earned combined profits that exceed $50 billion during the second quarter. The April-June results reflect Big Tech’s unparalleled influence and success but more importantly, these figures show just how much these companies reshaped the way we live. Therefore, the concern of them becoming powerful beyond measure is more than valid and they have been poking the ey
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MarketWatch
Here’s another sign the bull market is near a peak, and this one bears watching
The U.S. stock market is nearing a top, according to a leading indicator that is based on the trailing three-month returns of the S&P 500 (SPX) sectors. Over the three months prior to past bull-market tops, a fairly predictable pattern emerged of which sectors performed best and which fared worst. This is a big change since mid-May when, as I reported, this leading indicator was not detecting any signs of imminent trouble.
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Motley Fool
4 Perfect Dividend Stocks That’ll Help You Crush Inflation
According to data released last month by the U.S. Bureau of Labor Statistics, the Consumer Price Index for All Urban Consumers (CPI-U) rose by 5.4% in June from the previous year. What’s more, the Core CPI, which takes into account a predetermined basket of goods and services, minus food and energy, rose by 4.5%. One of the smartest ways investors can counteract the effects of inflation is with dividend stocks.
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Insider Monkey
15 Best Electric Car Stocks to Buy Now
In this article we will take a look at the 15 best electric car stocks to buy now. You can skip our detailed analysis of the EVs industry’s outlook for 2021, and go directly to the 5 Best Electric Car Stocks to Buy Now. There is hardly any doubt that in a few decades, at […]
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Motley Fool
3 Risky Dividend Stocks I Feel Safe Owning
Interest rates were finally rising after a 30-year decline, but the pandemic forced the Federal Reserve to cut rates to zero. As a result, fixed-income investors are on an all-out scramble for yield. Unsurprisingly, income investors are paying more attention to dividend-paying stocks, with many looking for underappreciated bargains.
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Motley Fool
Instead of EV Stocks, Consider These 3 Chip Stocks
With so many electric vehicle (EV) stocks that have gone public in the last year — some of them with uncertain futures — it might be hard to choose a winner. Semiconductors are the basic building blocks of all technology, and they’re gobbling up supplier share of the auto industry. According to estimates, electronic components went from 22% of the cost to produce a car in 2000 to 35% in 2010, to about 40% today — and could be a whopping 50% by the end of this decade.
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Motley Fool
Here’s Why Palantir Technologies Stock Sank 17.6% Last Month
Shares of Palantir Technologies (NYSE: PLTR) sank 17.6% in July, according to data from S&P Global Market Intelligence. Despite debuting a new product offering for its Foundry data analytics platform and announcing continued collaboration with the U.S. government on vaccine distribution projects, the stock lost ground amid market volatility. With concerns related to faster-than-anticipated inflation and the coronavirus delta variant, investors shied away from riskier tech stocks, and Palantir ended the month down double digits as a result of these trends.
