Month: November 2019

No Picture
Trading Ideas

Don’t Choose Between U.S. and China, Duterte Says: Asean Update

November 3, 2019 admin Comments Off on Don’t Choose Between U.S. and China, Duterte Says: Asean Update

(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Meetings hosted by the 10-member Association of Southeast Asian Nations resumed Sunday with doubts emerging on whether the weekend would see a breakthrough in talks on the world’s largest regional trade pact.The China-backed Regional Comprehensive Economic Partnership (RCEP) has been jeopardized by last-minute requests from India after it earlier agreed to terms. Leaders had planned to announce a preliminary deal on Monday, paving the way for countries to finalize details on the legal framework of an agreement that would cover …read more […]

No Picture
Trading Ideas

Buffett’s Peak Quarter Brings New Records on Profit and Cash

November 2, 2019 admin Comments Off on Buffett’s Peak Quarter Brings New Records on Profit and Cash

(Bloomberg) — Warren Buffett’s third quarter in many ways marked a new peak.To start, Berkshire Hathaway Inc.’s operating profit topped its best levels. That was lifted by record earnings from BNSF railroad, his biggest-ever acquisition. Gains on his stock bets pushed the conglomerate’s 2019 net income to a staggering $52 billion, making Berkshire the most profitable public company in the world.And the legendary investor now has more cash than ever to play with: $128 billion. That’s the record which has Berkshire’s stock languishing as investors grapple with a question amid all the superlatives: What comes next?“Berkshire has sort of an …read more […]