Berkshire Hathaway 2021 Annual Meeting and Q1 2021 Earnings Takeaways Operating revenue and income up YOY Investment portfolio posts mark-to-market gain Berkshire was not a big equities buyer in 2020 Berkshire bought back $6.8 billion of its stock in Q1, and $24.7 billion in 2020 Berkshire Hathaway Inc. (BRK.A, BRK.B) held its 2021 annual meeting
Month: May 2021
Increased taxes and royalties risk damaging the mining industry in Chile, the world’s biggest producer of copper, according to the head of BHP’s operations in the Americas. Last week, a congressional committee in Santiago approved changes to a Mining Royalty Bill that would add a progressive tax on sales of copper and lithium, metals that
This hand-coloured etching depicts a kitchen in a posh Georgian house. A portly guest has come below stairs to thank the household’s French chef for a meal that the chef and the kitchen staff have prepared. The guest, a doctor, congratulates the chef on his skill in preparing “kickshaws”, fancy, insubstantial and usually foreign cooked dishes. These,
After a year of early-morning Zoom calls, the specter of a deadly virus and soaring stock and real estate values, working American baby boomers who can afford it plan to get out while the getting’s good. About 2.7 million Americans age 55 or older are contemplating retirement years earlier than they’d imagined because of the
U.S. stocks fell across the board on Friday to end the week with fractional losses. Technology and Healthcare names led the way lower, while the Energy and Financial sectors rallied. Investors digested the busiest week of the current earnings season and a pile of economic data, including the report on Thursday that first-quarter U.S. GDP
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin bulls attack $57,000, and altcoins rally as April comes
At 19, Chloe Green may not be the youngest U.S. teen to buy a home, but she is among a select group of Gen-Z homebuyers who are hoping the trend takes off. Green, who grew up in Columbus, Ohio, closed on a two-bedroom, two-bathroom condominium in Canal Winchester on April 22. Since posting her story
The Turkish government has updated the country’s cryptocurrency regulation following the banning of cryptocurrencies for payments and failing crypto exchanges. Published in the Official Gazette on Saturday, the new rule adds crypto trading platforms to the list of entities covered by anti-money laundering (AML) and Combating the Financing of Terrorism (CFT) regulations. The Official Gazette
By Julia Yarbough, Next Avenue Miami-Dade (Fla.) Fire Rescue firefighter and paramedic James Weldon, 55, recalls the myriad of emotions pumping through him during a routine rescue call when he was a rookie 17 years ago. Not because of the severity of the medical treatment, but for the words the female patient in her 80s hurled his
Passage of a Senate water bill authorizing billions in low-interest loans gets the ball rolling ahead of infrastructure discussions later this year. Thursday afternoon the full Senate passed the $35 billion Drinking Water and Wastewater Infrastructure Act of 2021 by a vote of 89-2. That bill is expected to go to conference committee to work
As we head into May, attention has once again shifted to the Silver market with rumours of another attempt to push up prices – under the movement, spearheaded by a group of retail traders known as #SilverSqueeze and #SilverRaid. Elsewhere in the commodity markets, Palladium, Copper and other industrial metals have continued to take centre-stage
A pullback was expected, and it may be over very soon… by Morris Hubbartt Super Force Signals A Leading Market Timing Service We Take Every Trade Ourselves! Email: [email protected] [email protected] Here are today’s videos and charts. The videos are viewable on mobile phones as well as computers. Double-click to enlarge the charts. SGS Key Charts,
In late March, Visa announced that it would begin accepting payments in the cryptocurrency USD Coin directly. Visa’s press release came on the heels of Mastercard’s recent announcement that it would soon begin facilitating crypto transactions. Key Takeaways Visa is now directly accepting payments in USD Coin, a cryptocurrency. USD Coin is a stablecoin tied
Charlie Munger at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway Vice Chairman Charlie Munger’s distain toward bitcoin has only intensified amid the digital asset’s record run this year. “Of course I hate the bitcoin success,” the 97-year-old Munger said during a Q&A session at Berkshire’s annual
It is not the first time Boris Johnson has been accused of lying. Britain’s prime minister was once sacked as a Times journalist for making up a quote and dismissed as a Conservative opposition spokesman for failing to tell the truth to his party leader about an extramarital affair. Now, installed in Number 10 Downing
Warren Buffett told Berkshire Hathaway shareholders on Saturday that he had been taken by surprise by the “red hot” economic rebound under way in the US and that his sprawling investment conglomerate was being hit by inflationary pressures. In his annual address to Berkshire shareholders, the doyen of the investing world, aged 90, said he
KeyCorp has hired a former JPMorgan Chase executive to lead its wealth management unit. Joe Skarda, who joined the Cleveland-based company this week, will oversee KeyBank Wealth Management. That unit houses the firm’s private bank, family wealth and mass affluent business segments. He replaces Terry Jenkins, who retired as the unit’s president in March. Skarda
Bristol Myers Squibb (BMY) posted disappointing results in the first quarter as the pharmaceutical company’s revenues rose 3% year-on-year to $11.1 billion, but fell short of consensus estimates of $11.3 billion. The company reported non-GAAP earnings of $1.74 per share, up 1% year-on-year but below analysts’ estimate of $1.81 per share. Bristol Myers Squibb’s Board
Decentralized finance (DeFi) has taken a well-deserved break from the spotlight over the past couple of months after being one of the hottest sectors at the start of 2021, but recent growth on several top platforms may hint at another DeFi run in the near future. While projects that operate on the Ethereum (ETH) network
Analytics firm Placer.ai reported that traffic in a 52-mall sample was up 86 percent over March, 2020. And while that still lags March 2019, mall owners believe we are in rebound mode. What is unknown is how long the pent-up demand will last. And as my colleague Pam Danziger recently reported, a survey of 1,000+
Investment bank Goldman Sachs has compiled a list of 19 large-cap stocks with cryptocurrency exposure that have massively outperformed the S&P 500. “On average, these stocks have dramatically outperformed the S&P 500 during the last several months alongside the surge in the price of bitcoin,” the firm wrote. 19 Stocks With Crypto Exposure That Outperformed
Your pension board (and pensions worldwide) is doing the exact opposite of what legendary investor Warren Buffett has told it to do—with predictably disastrous results. To protect your retirement security, you need to regularly remind the people managing your pension to follow Buffett’s expert advice and give up trying to outsmart him. In case you’ve
The North Texas Tollway Authority plans to keep its winning streak alive with $850 million of refunding amid rebounding toll revenues. The authority, which operates hundreds of miles of toll roads in the Dallas-Fort Worth area, reports saving more than $1 billion through refunding $7 billion of debt since 2013. “This transaction allows us to
[embedded content] (Kitco News) With bitcoin still holding investors’ attention this year, is gold falling behind? Many analysts say that gold’s price action is being hurt by all the money going into cryptos. But how high would gold really be if not for bitcoin? Here’s a look at our top three stories from this week:
It would look bad to have gold and silver shooting higher while the Fed is flooding the markets with printed currency and with… by Dave Kranzler of Investment Research Dynamics “March 2021 Producer Prices exploded across the board, with record levels of annualized First-Quarter 2021 Inflation of 8.99% for Total PPI-FD, 16.04% for PPI-FD Goods
Gas taxes are excise taxes you pay when you fill up your car with gas. The federal government and states both impose gas taxes, with much of the revenue raised going toward fixing highways and other infrastructure projects. State gas taxes range from just under 10 cents to nearly 60 cents for a gallon of
In this article BRK.A Warren Buffett. Gerald Miller | CNBC Berkshire Hathaway‘s operating earnings rebounded as the conglomerate’s businesses recovered from the pandemic hit. Chairman Warren Buffett kept buying back Berkshire shares aggressively in the first quarter, but at a slightly slower pace. Berkshire reported operating income of $7.018 billion in the first quarter, up
Warren Buffett’s Berkshire Hathaway reported a surge in profits in the first quarter as its investment portfolio swelled in size alongside a broad market rally and its sprawling group of businesses rebounded from the depths of the crisis a year ago. The company said on Saturday that it had swung to a profit of $11.7bn
Four Russian billionaires and the country’s state-owned energy giant have filed lawsuits against HarperCollins over a book it published last year about the rise of Vladimir Putin. The legal assault on the book, Putin’s People, has come in a flurry of cases brought in the London courts, all within a few weeks of each other,
T. Rowe Price Group CEO Bill Stromberg said the firm plans to bring its U.S. workers back to the office by Sept. 13 after more than a year of remote work. The money manager will allow employees in North America to return on a voluntary basis until that date, with social distancing measures in place,