Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday reported a 67 percent increase in quarterly operating profit, as insurance underwriting rebounded and several businesses benefited from a growing economy and improving demand.
Find out how states will treat your Social Security benefits and other retirement income. …read more […]
The correlation between the S&P and industry is traditionally a tight one. Historically, as industrials perform well, the market follows suit.
However, over the past year or so, the S&P has outperformed industrials, due in no small part to the overperformance of tech stocks. This is worrying analysts who fear a market correction will be necessary to return the correlation to traditional levels.
Before we jump to any conclusions, let’s consider Caterpillar (NYSE: CAT), which is one of the major holdings of the Industrial Select Sector SPDR Fund (NYSE: XLI), an $11 billion industrial-themed ETF. In the past, Caterpillar has been a …read more […]
Ford reported a big drop in retail sales for the month of July. But that’s neither surprising nor concerning, given where the company is in its current product cycle. …read more […]
The casino-resort operator is building out a powerful sports betting platform. …read more […]
It’s time you stop ignoring these incredible dividend stocks. …read more […]
Berkshire Hathaway Inc on Saturday reported a 67 percent increase in quarterly operating profit, as its insurance underwriting operations rebounded from a poor quarter and several business units benefited from economic growth and improving demand.
China’s state media said on Saturday the government’s retaliatory tariffs on $60 billion of U.S. goods showed rational restraint and they accused the United States of blackmail.
Though it may appear lofty, this detailed look at more than a dozen cannabis players suggests that 3 million kilograms of output is very doable. …read more […]
BEIJING/SINGAPORE (Reuters) – China’s state media said on Saturday the government’s retaliatory tariffs on $60 billion of U.S. goods showed rational restraint and they accused the United States of blackmail. Late on Friday, China’s finance ministry unveiled new sets of additional tariffs on 5,207 goods imported from the United States, with the extra levies ranging from five to 25 percent on a total value of goods less than half of that proposed by U.S. President Donald Trump’s administration. The response follows the Trump administration’s proposal of a 25 percent tariff on $200 billion worth of Chinese imports. …read more […]
One of them may surprise you. …read more […]
Here’s an inside look at the pros and cons of the retail giant. …read more […]
Indonesia has agreed to hand over to Malaysia a $250 million luxury yacht linked to a corruption scandal at a Malaysian state fund that it impounded in Bali earlier this year, Indonesian authorities said on Saturday.
Taiwan Semiconductor Manufacturing Company Ltd, the world’s largest contract chipmaker, said on Saturday a number of its tools had been infected by a virus and the problem had been contained. TSMC, a major supplier for Apple Inc, said a number of tools were infected on Friday. “TSMC has contained the problem and found a solution, and recovery of the tools is in progress,” it said in a statement. …read more […]
In the cramped former home of Jack Ma, founder of the Chinese e-commerce giant Alibaba, about thirty young engineers sit elbow-to-elbow, working to attract the next million users for DingTalk, Alibaba’s workplace communication software.
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