Tag Archives: Warren

This story has been updated to include a statement from the Education Department. The Pennsylvania Higher Education Assistance Agency (PHEAA) — a national student loan servicer that has been criticized for failing to forgive the debts of public servants — is planning to exit the federal student loan servicing business in December of this year. PHEAA, which administers the Public Service Loan Forgiveness (PSLF) program and operates as FedLoan Servicing, has notified the Education Department… Source link

The stock market is entering the danger zone, according to one often overlooked measure of equities valuation.  At its current level of 38 times, the Shiller P/E Ratio is nearing the peak (44 times) seen at the height just before the dot-com bust in 2000, write strategists at SunDial Capital Research. Created by noted Yale professor Robert Shiller, the ratio is seen as better than the traditional P/E ratio as it adjusts for inflation. Historically, a Shiller PE ratio sustained over 25 times… Source link

In a letter to the Commodity Futures Trading Commission (CFTC) on Wednesday, Sen. Elizabeth Warren (D-MA) called for an investigation of Google’s alleged manipulation of the marketplace for online ads, opening the door for a new federal regulator for digital advertising markets. Warren’s letter focuses on a program called “Project Bernanke,” revealed in April as part of a lawsuit against Google led by Texas Attorney General Ken Paxton. Under that program, Google allegedly used… Source link

Crypto investing pioneer and former hedge fund manager Mike Novogratz has stacked up billions of dollars by making bold bets on digital assets. He’s built up his crypto ecosystem company Galaxy Digital (BRPHF) into something akin to a crypto Berkshire Hathaway (if there were such an equivalent in crypto) through investments in promising blockchain projects and his recent record setting $1.2 billion acquisition of custody giant BitGo. And similar to the way equity investors turn to… Source link

Bitcoin’s in a slump — here’s why Warren Buffett has hated it all along The past month and a half has been bumpy for Bitcoin. After a bully first quarter of 2021 that led to an all-time peak of $63,000 per unit in mid-April, the world’s leading digital currency has since lost more than 40% of its value, settling at just over $35,000 on Friday, May 28. Holdout investors who only a couple of months ago may have thought they’d missed an opportunity of a lifetime are now sighing with relief;… Source link

Very few people in the world could call investing legend Warren Buffett a good friend. Tampa Bay Buccaneers star defenseman and investing fanatic Ndamukong Suh is one of those people. Suh, 34, told Yahoo Finance Presents he has learned tons of invaluable investing lessons from the now 90-year-old Oracle of Omaha, but one in particular stands out.  “Probably the most important one [lesson] that I learned from him is focusing on the people,” Suh said. “People are the most important thing about… Source link

Some praise by Warren Buffett’s potential successor as CEO of Berkshire Hathaway has investors eating up shares of Kraft Heinz (KHC).  Shares of the mac and cheese maker have surged to a 52-week high, according to Yahoo Finance Plus data. The stock is up a tasty 6% so far in May, outperforming the 2% drop for the S&P 500.  The gain is even more impressive considering packaged food stocks have traded sideways of late, pressured by the one-two punch of inflation fears and concerns about demand… Source link

SEC Chair Gary Gensler in House testimony on Thursday criticized apps that “gamify” stock trading and the potential conflict of interest for market makers that profit from the execution of high-volume trades, hinting at potential new rules that would apply to the popular trading app Robinhood and market maker Citadel Securities. In a new interview, progressive Senator Elizabeth Warren (D-MA) said she supports new SEC rules for companies like Robinhood. Such regulations should impose… Source link

The New York Times ‘Turning the Corner’: U.S. COVID Outlook Reaches Most Hopeful Point Yet After weeks of coronavirus patients flooding emergency rooms in Michigan, the worst COVID-19 hot spot in the nation, hospitalizations are finally falling. On some recent days, entire states, including Wisconsin and West Virginia, have reported zero new coronavirus deaths — a brief but promising respite from the onslaught of the past year. And in New York and Chicago, officials encouraged by the recent… Source link

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Wednesday, May 5, 2021 Any business proposition is worthwhile for the right price  In one of the more light-hearted moments of Berkshire Hathaway’s annual shareholders meeting on Saturday, Ajit Jain, vice chairman of Insurance Operations, was asked if he’d be willing to underwrite the insurance to cover Elon Musk’s SpaceX mission to Mars, assuming Musk asked. “This is an easy one,” Jain said…. Source link