Over the weekend of the annual Berkshire Hathaway meeting in Omaha, guests at the Omaha Marriott were greeted by a stunning 24-inch tall bronze bust sculpture of the late Charlie Munger. This sculpture, created by artist Yu Shu, became a focal point of conversation among attendees, especially Berkshire shareholders. Placed prominently in the hotel lobby,
In a recent interview on CNBC’s “ETF Edge,” Horizon Kinetics’ portfolio manager, James Davolos, expressed his confidence in the firm’s Inflation Beneficiaries ETF (INFL), even in the face of potential Federal Reserve rate cuts. Davolos believes that the fund is well-positioned for the mature phase of inflation, with expectations of inflation levels ranging from three
Connecticut has been making strides in improving access to higher education through various initiatives aimed at reducing the debt burden and increasing college affordability. While these efforts have gone somewhat unnoticed, the state has rolled out programs that offer pathways to college and aim to narrow the wealth gap that has plagued Connecticut for years.
The restaurant industry has been facing a slowdown in sales and traffic, with many eateries experiencing a decline in customer spending. However, some chains like Chipotle Mexican Grill, Wingstop, and Sweetgreen have managed to report strong sales this quarter, largely due to the support of high-income consumers. Compared to lower-income brackets, high-income consumers have not
President Joe Biden’s economic advisor recently discussed the impending debate surrounding expiring tax breaks put in place by former President Donald Trump. In 2017, Trump implemented the Tax Cuts and Jobs Act (TCJA), which included various provisions that are set to expire after 2025 unless Congress takes action. Some of these provisions include lower federal
Some Americans are considering investing in the real estate market outside of the U.S. In fact, almost 40% of U.S. millionaires are planning to purchase a home overseas within the next 12 months. This desire to tap into international real estate markets is driven by various factors, including economic stability, diversification of investment portfolios, and
The current state of the art market suggests a decline in May auction sales at major auction houses compared to previous years. Wealthy buyers and sellers seem to be taking a break from the record-breaking prices of 2021 and 2022. Reports indicate that art auction sales at Christie’s, Sotheby’s, and Phillips are expected to reach
Moderna, a leading biotech company, recently announced that the Food and Drug Administration has postponed the approval of its vaccine for respiratory syncytial virus (RSV) until the end of May. This delay was attributed to “administrative constraints” at the agency, causing a setback in the expected decision-making process. Despite the delay, the FDA has not
Semiconductor Manufacturing International Corporation (SMIC) recently issued a warning regarding the intense competition in the chip industry, highlighting the challenges faced by the company. The market trends dictate the pricing for commodity products, making it difficult for SMIC to meet its profit expectations. As China’s biggest contract chip manufacturer, SMIC plays a crucial role in
European companies in China are facing increasing difficulties in maintaining profitability due to the country’s slowing economic growth and rising overcapacity pressures. The EU Chamber of Commerce in China released a survey indicating that only 30% of respondents reported higher profit margins in China compared to their global average, marking an eight-year low. The current