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Trump Rants on Earnings Season After Complaints From Buffett, Dimon

“Now, he’s taking on another pillar of corporate America: the quarterly earnings season” writes Bradley Keoun for thestreet.com. The National Institute of Investor Relations, a professional association, hasn’t taken an official position on the frequency of quarterly earnings reporting, according to Ted Allen, vice president for communications.Companies could still voluntarily report earnings on a quarterly basis, Darrow said, especially smaller firms that are looking to generate interest among investors.However, he wrote in an e-mail, the group has encouraged companies to provide long-term earnings guidance, if they choose to provide guidance at all. Source:…

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Why Warren Buffett’s record-breaking cash stockpile should have investors very worried

“But it also means Berkshire Hathaway has set a record of its own: It now has the biggest cash balance in the firm’s storied history” writes Finanzen Net Gmbh for businessinsider.com. Mould points out — and indicates in the chart above — that Berkshire Hathaway’s cash balance has been an effective proxy for market levels over history. Source: businessinsider.com Share This:

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Warren Buffett’s growing cash pile and the big read-in for investors

“The latest results from Berkshire Hathaway Inc. show that the Oracle of Omaha has plenty of cash sloshing around” writes Markets Reporter for marketwatch.com. Also read: Warren Buffett’s favorite metric suggests some serious pain awaits investors Berkshire’s growing mound of money comes as the stock market is just three weeks away from making history as the longest bull market on record.He noted that Berkshire Hathaway’s cash pile grew in 1998-99, just ahead of the bursting of a tech-stock bubble, then again in 2005 to 2007, as markets again became frothy.As…

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Markets News 

Why investors should take note of Warren Buffett’s mounting hoard of cash

“The latest results from Berkshire Hathaway Inc. show that the Oracle of Omaha has plenty of cash sloshing around” writes Markets Reporter for marketwatch.com. Also read: Warren Buffett’s favorite metric suggests some serious pain awaits investors Berkshire’s growing mound of money comes as the stock market is just three weeks away from making history as the longest bull market on record.He noted that Berkshire Hathaway’s cash pile grew in 1998-99, just ahead of the bursting of a tech-stock bubble, then again in 2005 to 2007, as markets again became frothy.As…

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News Stocks 

Berkshire profit surges as insurance, other businesses gain

“Berkshire said second-quarter operating profit rose to $6.89 billion, or roughly $4,190 per Class A share, from $4.12 billion, or $2,505 per share, a year earlier” writes Midwest Communications Inc for 95kqds.com. (Reuters) – Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday reported a 67 percent increase in quarterly operating profit, as insurance underwriting rebounded and several businesses benefited from a growing economy and improving demand.He has spent some money on stocks, and Berkshire said it ended June with a $47.2 billion stake in iPhone maker…

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News Stocks 

Warren Buffett and other winners from AAPL’s trillion dollar valuation

“After years of speculation about whether or not Apple would be the first company in the world to achieve a trillion dollar market cap, the day finally arrived yesterday” writes Apple Watch Series for 9to5mac.com. At the time, accounting for stock splits, his 1000 or so shares were worth 51 cents each; today they are worth $207 each.Having fired Steve Jobs in 1985, he began increasing his stake in the company when the co-founder returned. Source: 9to5mac.com Share This:

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Record high for Facebook stock pushes Zuckerberg past Buffett

“Zuckerberg has pledged to give away 99% of his Facebook stock away in his lifetime” writes Tech Reporter for marketwatch.com. Facebook stock has gained 15% this year as the S&P 500 index SPX, +0.85%  has risen 2.4%.A record high for Facebook Inc. stock has reportedly pushed Chief Executive Mark Zuckerberg’s wealth beyond that of famed investor Warren Buffett.Facebook stock has been on a steady climb, hitting several records in June and July, despite pressure from lawmakers in the wake of the Cambridge Analytical data privacy scandal.Amid the tech company’s stock…

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News Regulators 

Warren Buffett is in line for a multi-billion dollar windfall after stress tests on US banks

“A pass-mark on the stress tests effectively gives banks the all-clear to ramp up dividend payments and share buybacks” writes Business Insider Australia for businessinsider.com. The US Federal Reserve announced the results of its latest banking stress tests late last week, and most US banks passed with flying colours.The stress tests were introduced after the 2008 global financial crisis in order to ensure US banks were protected in the event of another liquidity squeeze. Source: businessinsider.com Share This:

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Buffett, Bezos, Dimon appoint Dr. Atul Gawande as CEO of their newly formed health care company

“Berkshire Hathaway CEO Warren Buffett, J.P. Morgan CEO Jamie Dimon and Amazon CEO Jeff Bezos announced a partnership in January to tackle rising health-care costs” writes Angelica Lavito for cnbc.com. Atul Gawande will lead the joint health-care venture between Amazon, J.P. Morgan and Berkshire Hathaway, the three companies announced Wednesday.They will form a new company for the venture, which will be headquartered in Boston, a hub for biotechnology and medical research. Source: cnbc.com Share This:

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Amazon, Buffett, JPMorgan pick Harvard professor Gawande to lead health firm

“Atul Gawande to transform the health care they give their employees Amazon, JPMorgan Chase and Berkshire Hathaway have picked well-known author and Harvard professor Dr” writes The Associated Press for seattletimes.com. Atul Gawande to transform the health care they give their employees.Other companies that provide employee health coverage are eager to find solutions for health care costs that often rise faster than inflation and squeeze their budgets in the process.That’s nearly half the total U.S. population and the biggest slice of the country’s patchwork health insurance market. Source: seattletimes.com Share This:

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