Investors wait to read Yellen on rates
Markets are waiting to hear what Fed chair Janet Yellen says about the outlook for interest rates when she speaks in Wyoming today. Second quarter GDP was revised down to 1.1% from the 1.2% estimate.
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Berkshire's profit plunges 64% on portfolio holdings as Buffett sells Apple
Berkshire Hathaway's first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well. The figures were heavily influenced by a large drop in the paper value of Berkshire’s investments. Buffett encourages investors to pay more attention to the conglomerate’s operating earnings that exclude the investment figures.
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Business InsiderBuffett explains Berkshire's reduced stake in Apple at annual company meeting
Warren Buffett discussed Berkshire Hathaway's decision to reduce its stake in tech giant Apple at Berkshire's annual meeting on Saturday in Omaha, Nebraska.
Fox BusinessU.S. Money Supply Is Doing Something So Rare That It Hasn't Happened Since the Great Depression -- and a Big Move in Stocks May Follow
M2 money supply hasn't done this in nine decades.
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Berkshire Hathaway cut its stake in Apple by about 13% as its cash pile hit a record high in the first quarter. A bearish signal all around?
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