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Warren Buffett says these are the very best businesses to own — 3 high-quality examples from Berkshire’s portfolio Never forget the basics. While we’re constantly bombarded with investment mumbo jumbo, we should never forget that companies largely exist for one main reason: to take capital from investors and earn a return on it. That’s why it makes sense for investors to look for businesses, with durable competitive advantages, that are able to consistently deliver high returns on… Source link

Baltimore Ravens fans shouldn’t be overly concerned about Lamar Jackson missing voluntary OTAs. Jackson hit back at critics Friday, implying they are making too big a deal about Jackson’s absence. Jackson specifically called out Pro Football Talk analyst — and former NFL quarterback — Chris Simms, who criticized Jackson for skipping voluntary OTAs. Simms compared Jackson to Tampa Bay Buccaneers quarterback Tom Brady, who Simms claims never missed OTAs until winning multiple Super… Source link

With inflation surging and pandemic-related stimulus rolling off the books, U.S. savers are under pressure. In April, the U.S. personal savings rate fell to 4.4%, the lowest since September 2008, according to data from the Commerce Department published Friday. “In a typical cycle, a sharp drop in the saving rate would be a warning sign about the sustainability of spending,” Wells Fargo economists led by Tim Quinlan wrote in a note published earlier this week. “Because balance sheets are in such… Source link

U.S. stocks rose on Friday, setting the major indexes on track to end a weeks-long losing streak after a string of more upbeat corporate results at least temporarily offset fears of a steep economic slide. The S&P 500 gained. The blue-chip index headed for a 4% weekly advance as of Thursday’s close, which if maintained, would mark its largest since mid-March. The S&P 500 had fallen for the seven consecutive weeks prior in its longest losing streak since 2000. The Dow Jones Industrial Average… Source link

‘Cash is still trash’ — Billionaire Ray Dalio says keeping money in a savings account is not safe. Here’s what he holds instead Some say cash is king. But according to Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, it may not be wise to keep too much of your investment money in cash these days. “Cash is not a safe investment, is not a safe place because it will be taxed by inflation,” Dalio told CNBC last year. This week, when CNBC asked him about his… Source link

Looking to delete your unused Yahoo account but not sure how? Here is how you can delete your Yahoo account in just a few simple steps. Back in the mid-noughties, it felt like everyone was using Yahoo. With its own news site, email service and of course, Yahoo Answers, there wasn’t anything you couldn’t find using the web services provider. However, since the sad death of… Source link

(Bloomberg) — Citigroup Inc. strategists cut their recommendation on US stocks to neutral on the risk of a recession, joining an increasing number of banks in warning of a growth slowdown. Most Read from Bloomberg The market is showing “elements of a deflating bubble” with high uncertainty and the lack of reassurance from the Federal Reserve, strategists including Dirk Willer wrote in a May 27 note. “Given that it will likely take time for the Fed to react to equity and growth weakness,… Source link

Elon Musk.HANNIBAL HANSCHKE /Getty Images Elon Musk polled his Twitter followers on whether they distrusted billionaires or politicians more. He then asked Rep. Alexandria Ocasio-Cortez to do the same, writing, “I dare you” to do so. Musk and Ocasio-Cortez have clashed on other topics such as unionization and free speech. On Thursday, Tesla CEO Elon Musk dared Rep. Alexandria Ocasio-Cortez to poll her Twitter followers on whether they distrusted billionaires or politicians more. “Who do you trust… Source link

Roger Sollenberger/The Daily Beast The father of the 18-year-old gunman who killed 21 people at an elementary school in Uvalde, Texas, this week wants the world to know he is sorry. In an interview with The Daily Beast on Thursday, Salvador Ramos said, “I just want the people to know I’m sorry man, [for] what my son did.” “I never expected my son to do something like that,” Ramos, 42, added. “He should’ve just killed me, you know, instead of doing something like that to… Source link

Only the Las Vegas Raiders know whether Colin Kaepernick is still good enough to play quarterback in the NFL. Kaepernick tried out for the Raiders on Wednesday. It was his first legit tryout in years. He hasn’t appeared in a game since the 2016 season, when he started 11 games for a two-win San Francisco team. He was cut in early 2017 and hasn’t garnered much interest since, at least some of it because of his decision to kneel during the playing of the national anthem that season. Is he, at… Source link