News
There’s a massive wealth transfer underway.”It has started and it’s only going to accelerate,” said Liz Koehler, head of advisor engagement for BlackRock’s wealth advisory business.Baby boomers are set to pass more than $68 trillion on to their children. And yet, some millennials and Generation Z may not be inheriting as much as…
Thesis Summary Palantir (NYSE:PLTR) has just reported Q1 earnings, beating expectations and raising guidance, but the stock is down 8% on the day, following an 8% rally the day prior. I suggest investors ignore this volatility and focus on all the exciting highlights from the earnings. Palantir is accelerating its…
Berkshire Hathaway shares rose in premarket trading Monday after Warren Buffett’s conglomerate reported a surge in operating earnings as well as a record cash hoard.Berkshire’s Class A shares were higher by 1.5% in the premarket. Meanwhile, Class B shares last gained about 1.2%.Those moves come after the conglomerate posted first-quarter operating profit…
My top 10 things to watch Monday, May 6 1. Warren Buffett’s Berkshire Hathaway now has $189 billion in cash, up from $167.6 billion in the fourth quarter. Buffett has been looking to make a big acquisition but hasn’t found the right target. Elon Musk has an idea. “He should…
Introduction As part of my fund-based approach to build a reliable high-yield income portfolio, CEFs often have my attentions and running high on my watch list because many CEFs still have the NAV discount at the historical wide level. 2024 looks promising for some of those CEFs to stage a…
Investment analysts are coalescing around a few potential winners in China’s car market after a 10-day auto show in Beijing put the ferocious competition on full display. The opening morning of China’s biggest auto show of the year — April 25 in this case — is typically a mad rush.…
When Rubia Daniels heard a town in Italy was selling off abandoned homes for 1 euro each (or roughly $1.05), she had to take a look herself.The Berkeley, Calif., resident booked her first flight to Mussomeli, Sicily, in 2019 and quickly ended up buying not one, not two, but three…
Real Estate Weekly Outlook U.S. equity markets advanced for a second week, while benchmark interest rates retreated from five-month highs after a critical slate of employment data showed perhaps the most definitive signs yet of a long-awaited cooldown in labor market trends. Foreshadowed by surprisingly “dovish” remarks from Fed Chair…
Berkshire Hathaway operating earnings soar 39% as Buffett’s cash hoard swells to record $188 billion
Berkshire Hathaway reported Saturday a huge year-over-year increase in operating earnings in the first quarter, while its cash holdings bubbled to record levels.The Warren Buffett-led conglomerate posted an operating profit — which encompasses earnings from the company’s wholly owned businesses — that surged 39% to $11.22 billion from the year-earlier…
No matter where you get your college rankings, there’s a good chance one or more of the Ivy League universities will be on top of the list. Regardless of which metrics are used — employment and salary outcomes for graduates, research contributions or even affordability — the eight illustrious institutions get…