A banner advertises the Ford Mustang Mach-E electric vehicle at a Ford dealership on August 21, 2024 in Glendale, California. Mario Tama | Getty Images DETROIT – Ford Motor‘s profit engine for decades has been large trucks and SUVs in the U.S. So it might surprise investors that the automaker believes its new path to … Read more
Billionaire investor and chairman of Berkshire Hathaway, Warren Buffett, bought 1.04 million Class A shares of aerospace and electronics company Heico Corporation (NYSE: HEI.A) for $185.37 million in Q2, according to the latest 13F filing. Heico operates in two segments: the Flight Support Group (FSG) and the Electronic Technologies Group (ETG), where most of its … Read more
Berkshire Hathaway chairman Warren Buffett increased his stake in US-based audio entertainment company Sirius XM Holdings (NASDAQ: SIRI) by 262.24% during the quarter ended June 30. According to the latest company 13F filing, Berkshire Hathaway purchased 96.2 million SIRI shares in Q2 at an average price of $3.36 apiece to own a total of 132.88 … Read more
Billionaire banking executive Jamie Dimon is supporting the Buffett Rule – a policy of increasing taxes on millionaires to reduce the national debt. The CEO of JPMorgan Chase said he supports the idea that would impose a minimum tax rate of 30 percent on individuals earning over a million dollars annually. This comes as the … Read more
In the heart of Omaha, Nebraska, stands a modest, unassuming house that downplays its owner’s status as one of the world’s wealthiest individuals. This is the home of Warren Buffett, the legendary investor and CEO of Berkshire Hathaway. Despite possessing a staggering net worth of $137.8 billion (according to Forbes), Buffett is renowned for his … Read more
Warren Buffett’s Berkshire Hathaway acquired stakes in cosmetics store chain Ulta Beauty and aircraft parts maker Heico during the second quarter, when it also significantly cut its huge stake in Apple. Berkshire owned about 690,000 Ulta Beauty shares worth $266.3 million and 1.04 million Heico shares worth $185.4 million as of June 30, according to … Read more
The Cboe Volatility Index (VIX) jumped to a three-month high of 18.46 yesterday as the Q2 earnings season began with lacklustre reports from Tesla and Alphabet, triggering a sell-off in the US stock market. The VIX, or the fear gauge, measures the demand for protection against stock fluctuations. The S&P 500 dropped 2.3%, while the … Read more
Warren Buffett’s time-tested stock market valuation indicator reached an all-time high of 200% last week, surpassing a peak of 197% in November 2021. This implies that US stocks may be extremely overvalued. Shortly after the “Buffett Indicator” peaked in November 2021, the stock market entered a bear market. The indicator divides the total market capitalisation … Read more
Investor Warren Buffett is renowned for his success, and his eight-decade career has sparked curiosity about the secrets behind it. Now, did you know that the stock market influences his daily McDonald’s breakfast routine? Curious how that works, and does it have something to do with his success? Let’s look into this intriguing detail. The … Read more
Legendary investor Warren Buffett’s time-tested value investing strategies set him apart in the investing world. His approach of buying great businesses at low prices for the long term continues to help Berkshire Hathaway stocks navigate market volatility, up 12.86% year-to-date (YTD) and over 91% in the past five years during the pandemic and global conflicts. … Read more
