Bloomberg Buffett’s Berkshire Snaps Up Record $24.7 Billion of Own Stock (Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. bought back a record $24.7 billion of its own stock last year and said there’s more to come, as the conglomerate struggled to find other ways to deploy its enormous pile of cash.The company’s purchase of $9 billion of shares in the fourth quarter matched a record set in the previous three-month period, Buffett said Saturday in his annual letter to… Source link

Airbnb’s (ABNB) first quarter as a public company was defined by the creative ways people have traveled during a pandemic. The rise in nearby road trips to more remote locations and longer term stays gave the home rental company a leg up compared to its counterparts in the traditional hospitality space. However, the upcoming availability of vaccinations raises the question of whether these adopted patterns will continue in a post-coronavirus world. “The lines between travel and living are… Source link

Microsoft President Brad Smith criticized top rivals Amazon Web Services and Google Friday for not publicly sharing what they know about the SolarWinds attack. Smith told House of Representatives members that the Redmond, Wash.-based software giant has published 32 blogs describing whatever Microsoft has observed and seen from the SolarWinds attackers during their campaign, while Google has published just one blog and Amazon hasn’t published anything. AWS admitted Thursday the… Source link

In 2018, the Supreme Court ruled that the Professional and Amateur Sports Protection Act was unconstitutional, paving the way for an expansion of sports betting across the country. In the years since then, that expansion has taken several forms, including the prospect of being able to place bets while practicing your golf game. But the effects of the PASPA decision haven’t just applied to where you can place a bet — they’ve also started to shape the ways we can experience… Source link

(Bloomberg) — Bitcoin’s rally hit a speed bump as the world’s largest cryptocurrency witnessed its worst weekly decline in almost a year amid wider losses in risk assets. The digital token slumped 20% this week, the most since the pandemic-fueled selloff last March. The wider Bloomberg Galaxy Crypto Index, tracking Bitcoin, Ether and three other cryptocurrencies, was down 23% for the same period. Bitcoin fell 5% to trade at $45,672 as of 5:00 p.m. in New York, according to consolidated… Source link

Johnson & Johnson’s (JNJ) single-dose COVID-19 vaccine was given an emergency use authorization (EAU) Saturday evening by U.S. Food and Drug Administration (FDA), making it the third vaccine available in the U.S. The Vaccines and Related Biologics Products Advisory Committee (VRBPAC) voted unanimously Friday to recommend use of the vaccine on adults aged 18 and older, based on all the data submitted by the company, and the vaccine was endorsed by FDA staff earlier in the week. J&J’s vaccine,… Source link

Legendary investor and polymath Charlie Munger, Berkshire Hathaway’s vice-chairman and Warren Buffett’s long-time business partner, has said several times the best way to learn about business is to study the multi-decade financial results of great businesses. Business schools that don’t adopt this method are doing their students a disservice, he said. “The Harvard Business School, when it started out way early, they started out with a history of business. They take you through the building… Source link

(1:30) – Centrifugal Force: Markets Coil Then Jump (9:20) – Big Move In Bonds: Financial Plumbing Pressures (15:10) – Richly-Valued Growth Stocks Overdue to Correct (20:40) – GameStop Stock Surges Again: How a Pro Traded It (24:15) – Stimulus + Growth + Inflation = Commodity Prices Rising (29:00) – Technical Targets for the Nasdaq 100 (37:00) – Good Lessons For New Investors are Everywhere Podcast@Zacks.com  Mind Over Money Archive   Whether or not the stock market just peaked for the near-term of… Source link

The most enduring image from the USA women’s gymnastics 2012 Olympic team wasn’t of gold-medal-celebrating athletes or a stuck landing at the end of a championship routine. It was one of self-doubt and disappointment. It came courtesy of McKayla Maroney, undeniably the world’s best vaulter at the time, who nonetheless was denied a gold medal after she shockingly fell on her second attempt. Had she landed square, she would have won easily. She didn’t and had to settle for silver. On the… Source link

Workers whose states denied them unemployment aid during the COVID-19 pandemic may be able to retroactively access benefits back to Feb. 2, 2020, according to a new Labor Department rule issued Thursday. The Department of Labor (DOL) broadened access to the federal pandemic unemployment assistance (PUA) established under the CARES Act, and comes in response to a Jan. 22 executive order seeking clarification on who qualifies for it. The DOL rule expands eligibility to certain workers who… Source link