Celebrating his 94th birthday, Warren Buffet leads Berkshire Hathaway like no other. The company recently hit a market capitalization of over $1 trillion, a milestone that no other nontechnology company had achieved. Buffet’s friend and investor, Howard Marks, attributes Buffet’s success to a combination of strategic vision, discipline, consistency, and unrivaled insight. Buffet’s success story
When it comes to investment strategies, many investors are familiar with the concept of asset allocation. However, what often gets overlooked is the importance of asset location, particularly for wealthier investors. Asset location focuses on minimizing taxes to boost after-tax returns, making it a crucial component of financial planning that should not be ignored. The
General Motors has recently announced a strategic move to fold its all-electric BrightDrop commercial vans into the Chevrolet brand. This decision aims to boost sales, accessibility, and recognition of these vehicles in the market. By integrating these electric vans into the Chevrolet lineup, GM hopes to leverage the strength of the Chevrolet brand to drive
Chinese electric car companies are engaged in a fierce price war, but they are now moving their battleground to another front: chip-powered tech features. Instead of relying on Nvidia chips as many have done in the past, companies like Nio and Xpeng are announcing their own in-house designed auto chips for production. This move comes
The White House announced that U.S. President Joe Biden and Chinese President Xi Jinping are scheduled to speak over the phone in the “coming weeks.” This news came as National Security Adviser Jake Sullivan visited Beijing to meet with Wang Yi, China’s top diplomat. Both sides also mentioned plans for their military leaders to engage
The stock market can be a volatile and unpredictable environment, with daily fluctuations and reactions to news and earnings reports. Recently, Nvidia’s shares experienced a significant decline, causing a dip in the S&P 500 index. Despite beating Wall Street estimates for profit and revenue, Nvidia faced challenges impressing investors as their results became more narrow.
Salesforce, a leading business software maker, recently reported strong fiscal second-quarter results that surpassed estimates, leading to a 4% increase in the company’s shares during extended trading. The company exceeded expectations on both earnings per share, reporting $2.56 adjusted compared to $2.36 expected, and revenue, generating $9.33 billion versus $9.23 billion predicted by LSEG consensus.
The U.S. Department of Education recently announced additional details regarding the rollout of the new Free Application for Federal Student Aid (FAFSA) for the upcoming academic year. The 2025-26 FAFSA will be implemented through a phased rollout approach, which aims to address the issues that plagued the last year’s college aid application cycle. The 2025-26
Despite mortgage rates falling for the fourth consecutive week, the response from both current homeowners and homebuyers has been lackluster. The Mortgage Bankers Association reported that total mortgage application volume only increased by 0.5% from the previous week. This indicates that the downward trend in mortgage rates has not significantly impacted the overall demand for
In the midst of an inflation-fueled sales slump in the toy industry, Lego has emerged as a standout performer. The Danish toymaker reported a 13% increase in revenue during the first six months of 2024, reaching a total of 31 billion Danish krone, equivalent to about $4.65 billion. CEO Niels Christiansen attributes this growth to