Warren Buffett is buying more of his own stock as Berkshire profits surge
CNN
Warren Buffett's Berkshire Hathaway, like the rest of Corporate America, had a miserable first half of 2020 due to the Covid-19 pandemic. But as the stock market and economy has rebounded, so have the fortunes of the Oracle of Omaha's massive conglomerate.
Berkshire (BRKB) reported strong second quarter earnings on Saturday. Overall profits came in at $28.1 billion in the second quarter, up 7% from the same period a year ago, And Berkshire's net income for the first half of 2021 hit $39.8 billion, reversing a $23.5 billion loss in the first six months of 2020. Operating profits, a measure that Buffett and many analysts and investors prefer to look at as a true measure of Berkshire's health, rebounded sharply as well. The company posted an operating profit of $6.7 billion in the second quarter, a 21% surge from a year ago.
A stark new reality in Europe — that its long-time ally and security guarantor, the United States, may not come to its rescue in a future war — has set the stage for a faster ramp-up in military spending on the continent.
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The Trump administration is planning to fire members of the independent government board that oversees the US Postal Service, a move that could serve as a step toward privatizing the service, according to multiple published reports.
College campuses embroiled in allegations of antisemitism are bracing for a crackdown by the Trump administration.
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Apple offered the latest version of its budget friendly phone for pre-sale in key markets on Friday, in an effort to woo customers in price-sensitive countries like China and India.
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Delta Air Lines is offering passengers who were on the flight that crashed and overturned at Toronto Pearson International Airport $30,000 each.
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Imagine having a language tutor who was always on, available anytime to teach you new vocabulary or check up on your progress.
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Trump says DOGE could return 20% of its savings directly to taxpayers. That could reignite inflation
President Donald Trump said he is considering a plan that would give 20% of savings identified by Elon Musk’s Department of Government Efficiency (DOGE) back to Americans, potentially complicating the country’s ongoing battle with elevated inflation.