Warren Buffett recently paid tribute to his late business partner, Charlie Munger, in a heartfelt annual letter. Buffett acknowledged Munger as the true architect behind Berkshire Hathaway, crediting him for the success and growth of the conglomerate. Despite being the “Oracle of Omaha,” Buffett humbly recognized Munger’s instrumental role in shaping the company into what
The real estate market in the United States saw a decline in home sales in 2023, yet many homeowners managed to make a profit when selling their property. However, these gains can potentially lead to a significant tax bill for the sellers. According to ATTOM, a nationwide property database, the average profit from selling a
Airlines are once again increasing the fees associated with checking bags, with United Airlines, American Airlines, and JetBlue Airways leading the charge. The amount passengers are charged for checking a bag varies depending on how and when they pay for the service. These carriers now charge more for checking bags at the airport or close
In recent years, credit card interest rates have skyrocketed to record highs, with the average consumer paying a 22.8% interest rate on their credit card balance at the end of 2023. This is the highest it has been since the Federal Reserve started tracking data in 1994. Interest charges, expressed as an annual percentage rate,
Following Nvidia’s impressive earnings report, the Magnificent 7 stocks have surged to new highs, now making up around 30% of the S&P 500. The concentration rises to approximately 33% when including the top 10 stocks such as Berkshire Hathaway, Lilly, and Broadcom. This resurgence has left registered investment advisors (RIAs) concerned about over-concentration and the
Warner Bros. Discovery failed to meet analyst expectations for both profit and revenue in the fourth quarter. This disappointing performance caused a 1% drop in the company’s shares during premarket trading following the announcement. Despite falling short of analyst targets, Warner Bros. Discovery managed to boost its free cash flow significantly. The company reported $3.31
Germany’s housebuilding sector is facing significant challenges as economic data continues to paint a concerning picture. Industry leaders are expressing unease over the current state of affairs. Dominik von Achten, chairman of German building materials company Heidelberg Materials, highlighted a “confidence crisis” within the sector. He mentioned that there have been several negative developments, leading
In a surprising turn of events, Southeast Asian ride-hailing giant Grab announced its first-ever profitable quarter, with a net profit of $11 million. This significant achievement marks a stark contrast from the $391 million loss recorded during the same period the previous year. The company attributes this success to various factors, including improved Group adjusted
Taking solo trips with one child can provide a unique opportunity for quality time and bonding. By removing distractions and focusing solely on the needs and interests of one child, parents can create unforgettable memories that both parent and child will cherish. The undivided attention and exploration together can lead to a deeper connection between
Block stock experienced a significant increase of up to 14% in after-hours trading on Thursday following the release of their fourth-quarter earnings report. The company exceeded analyst expectations on gross profit and demonstrated substantial growth in both Square and Cash App revenue. Let us delve deeper into the details of their performance compared to analyst