Month: November 2019

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Trading Ideas

Berkshire’s Record Quarter Got a Lift From Kraft

November 2, 2019 admin Comments Off on Berkshire’s Record Quarter Got a Lift From Kraft

(Bloomberg) — For Berkshire Hathaway Inc., profits from its stake in Kraft Heinz Co. were better late than never.Almost a third of the jump in Berkshire’s third-quarter earnings came from finally recording its share of the packaged food giant’s 2019 results. A $467 million gain replaced what had been blank spots in the past two quarters as Kraft Heinz delayed reporting first-half results amid regulatory probes.Kraft Heinz has been a black mark for Warren Buffett over the past year, as he took a $2.7 billion writedown in 2018 results and conceded he and 3G Capital paid too much in the …read more […]

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Trading Ideas

Pop! And Dropped: Funko Plummets On Earnings Miss, But Analysts Stay Bullish

November 2, 2019 admin Comments Off on Pop! And Dropped: Funko Plummets On Earnings Miss, But Analysts Stay Bullish

Funko Inc (NASDAQ: FNKO) shares fell more than 15% Friday after reporting a third-quarter earnings miss and guidance that came in below Street estimates. Funko reported quarterly earnings of 27 cents per share, which missed the consensus estimate of 32 cents. The company reported quarterly sales of $223.3 million, which beat the consensus estimate of $220.44 million. …read more […]

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Trading Ideas

Walk Over Your Investing Fears – and Earn a Perfect 10

November 2, 2019 admin Comments Off on Walk Over Your Investing Fears – and Earn a Perfect 10

On Wednesday, investors watched as the Federal Reserve slashed interest rates for the third time in 2019.
The S&P 500 index rose following the news. However, while general sentiment may be improving, it won’t fully erase the bearish omens we’ve seen over the past few weeks.
In fact, a recent study by E-Trade revealed that this month, active investors with valuable assets are twice as likely to expect a recession to hit before 2020 than they were in September.
Fed Chair Jerome Powell reportedly stated that it would take a significant change in inflation for the committee to consider raising rates again.
For those …read more […]

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Business News

UAW union president takes leave of absence under cloud of U.S. federal probe

November 2, 2019 admin Comments Off on UAW union president takes leave of absence under cloud of U.S. federal probe

The president of the United Auto Workers union, who has been linked https://www.reuters.com/article/us-autos-corruption-labor/federal-corruption-probe-hits-home-for-uaw-boss-contract-talks-under-storm-cloud-idUSKCN1VI229 to an ongoing corruption probe by U.S. federal officials, has taken a leave of absence, the union said on Saturday in a statement.

…read more […]

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Trading Ideas

Berkshire Profit Hits a Record as Buffett’s Cash Pile Grows

November 2, 2019 admin Comments Off on Berkshire Profit Hits a Record as Buffett’s Cash Pile Grows

(Bloomberg) — Berkshire Hathaway Inc.’s operating profit jumped 14% to a record as Warren Buffett’s conglomerate saw gains from its railroad and got some long-awaited earnings from Kraft Heinz Co.Operating earnings climbed to $7.86 billion in the third quarter, thanks in part to a rise in investment income and Berkshire’s reinsurance group posting its first underwriting profit of the year despite losses from a Japanese typhoon. Revenue climbed 2.4% on increases from the company’s insurers and manufacturing businesses.The results pushed Buffett’s cash pile to a record $128 billion, even as he completed a $10 billion investment in Occidental Petroleum Corp., …read more […]