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Andreessen Horowitz partner says Google is an ‘amazing example’ of employing people in ‘BS jobs’: ‘Half the white-collar staff probably does no real work’
“Those people aren’t just being useless (and being coddled to think useless jobs actually matter—they don’t), but they are also taking money away from the rest of the workforce’s retirement programs.”
FortuneWhy Coca-Cola Consolidated Stock Skyrocketed Over $1,000 Per Share Today
You won't believe the amount of money that the bottler intends to return to shareholders.
Motley FoolBill Gates Harvests $113 Million In Nebraska Farmland, Takes Out $700 Million In Loans
Over the past six years, billionaire Bill Gates has spent more than $113 million purchasing Nebraska farmland and has taken out two loans totaling $700 million against it. Gates owns about 20,000 acres of farmland in Nebraska, where longtime friend and fellow billionaire Warren Buffett resides. The farmland is held by more than 20 shell companies. Why would one of the world's richest people need to take out a loan? Many high-net-worth individuals borrow against their assets if they need money th
BenzingaIf You'd Invested $10,000 in General Electric Stock 10 Years Ago, Here's How Much You'd Have Today
Prepare yourself for a big shock.
Motley FoolPalantir Earnings Crush Estimates. Why Some Investors Are Selling on the News.
Palantir followed up its “bombastic” December quarter with even better results for the March quarter as the data analytics software company continued to gain traction with its artificial-intelligence tools, in particular with U.S. commercial customers. Palantir shares, which rallied 8.1% in Monday’s regular session, were down more than 14% to $21.56 in midday trading Tuesday. For the March quarter, Palantir posted revenue of $634 million, up 21% from a year ago, and ahead of both the company’s guidance range of $612 million to $616 million and Wall Street’s consensus of $615 million as tracked by FactSet.
Barrons.comWarren Buffett's $56 Billion Silent Warning to Wall Street May Portend Trouble for Stocks
The Oracle of Omaha's short-term actions and long-term ethos don't always mesh.
Motley FoolConstruction Slowdown Slams Building Supply Shares
Builders FirstSource, one of the hottest stocks of the past year, is getting hammered after reporting a 22.5% decline in first-quarter profit, a sign that high borrowing costs are beginning to slow residential construction. + Shares of the building products supplier have stood out among chip makers and tech firms atop the S&P 500 despite the highest interest rates in a generation. JELD-WEN Holding shares are faring even worse after the window and door maker swung to a quarterly loss and cut its financial outlook.
The Wall Street JournalThe accounting firm that Trump hired for his media firm’s IPO was caught copy-and-pasting previous audits and is now banned forever
The firm and its founder have agreed to pay a combined $12 million in penalties and to a permanent suspension.
FortuneCitigroup Recommends 3 Stocks to Buy — Including One With 77% Upside Potential
After a rocky month of April, investor sentiment has improved somewhat. At least in part, this can be attributed to a better-than-expected earnings season. So far, about 80% of the S&P 500-listed companies have reported their Q1 results, and 77% of those have shown a quarterly EPS above the forecasts. Overall, the earnings reported are 7.5% better than the estimates, a beat that’s well above the 6.7% decadal average. Scott Chronert, a U.S. equity strategist at Citigroup, comments on the broader
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