Warren Buffett-ledBerkshire Hathaway (NYSE:BRK.A) has been on a tear following the US Presidential election. The BRK.A stock is up 12.2% since November 8, outperforming the S&P 500 (INDX:SPAL), which is up 6% in the same period. While Buffett was a clear and staunch supporter of Hillary, it could come across as a surprise that investors have been buying BRK.A stock in droves. Can Berkshire Hathaway....More>>>
. (AP Photo/Rajesh Kumar Singh)
Prime Minister Modi’s currency experimentation has not stopped India’s vibrant economy, which is the world’s 4th fastest growing economy in the world thus far in 2017.
That’s according to the World Bank’s latest edition of Global Economic Prospects. For 2017, India’s economy is expected....More>>>
Berkshire Hathaway CEO Warren Buffett (Trades, Portfolio) extolled many of his portfolio holdings for repurchasing their shares, “some quite aggressively,” in his 2016 annual letter. Buffett, who is price-conscious and won’t repurchase his own companies’ shares at more than 1.2 times book value, a statement he last made good on in 2012, approved of his investees’....More>>>
Bookstores recorded first increase in sales since 2007. In the book publishing world, what’s old is new again.
Data from the U.S. Census Bureau shows that bookstore sales rose by 2.5% from $10.89 billion to $11.17 billion in 2015, the first such increase in the industry since 2007.
The figures were reported by Publishers Weekly, which also noted that eBook sales declined....More>>>
"When was the last time a sector or an industry went down six years in a row?" I asked my good friend Meb Faber at lunch in New York last November. Meb is the guy to ask… He is one of the smartest, most respected minds on Wall Street. And he has crunched the numbers going back decades. "Six down years? It NEVER happens," he said. "But coal stocks ended....More>>>
Republicans in Congress are so eager to repeal the Affordable Care Act that some have vowed to get a bill to President-elect Donald Trump’s desk on the day he takes the oath of office.
“We will move right after the first of the year on an Obamacare repeal resolution,” Senate Majority Leader Mitch McConnell, R-Kentucky, told reporters at a news conference Monday.