Warren Buffett, the legendary investor, turned 94 this week, and his conglomerate, Berkshire Hathaway, has reached unprecedented heights in terms of market capitalization. This achievement has led many in the investment world to reflect on the strategies and traits that have made Buffett the “Oracle of Omaha.” Howard Marks, a distinguished investor and friend of
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The Labor Day weekend is anticipated to be lackluster this year, with the summer box office expected to reach only $3.6 billion according to Comscore. This figure is significantly lower compared to last year’s summer earnings of $4.09 billion. The decrease in revenue can be attributed to the absence of a major Marvel movie release
The Bank of Israel is facing a challenging economic environment characterized by rising price pressures and persistent geopolitical risks. Despite concerns over inflation reaching a 3.2% rate and ongoing conflicts such as the Gaza war, the central bank has maintained its benchmark interest rate at 4.5% for the fifth consecutive decision. Deputy governor Andrew Abir
Recently, Japan has been facing the wrath of Typhoon Shanshan, causing massive destruction and chaos across the country. The torrential rain and powerful winds have led to severe flooding, landslides, and the disruption of essential services. The situation is dire, with millions of people at risk and numerous fatalities already reported due to storm-related incidents.
As the tech earnings parade continues, Marvell Technology is making waves in the stock market. With better-than-expected revenue in the latest quarter, the stock saw an 8% increase after hours. However, Marvell is still down 18% from its March high, proving that the market can be quite volatile. The VanEck Semiconductor ETF (SMH) is also
Dollar General, the discount retailer, faced a significant setback with a nearly 30% drop in share prices due to a cut in sales and profit guidance for the year. CEO Todd Vasos attributed the softer sales trends to financially constrained core customers, leading to disappointing results in the fiscal second quarter. This news also had
Poland’s largest opposition party, the nationalist Law and Justice (PiS), is set to lose millions in state funding after the electoral commission’s ruling. The commission stated that PiS had misused public money for campaigning during the 2023 general election. This decision is expected to have significant implications for the party’s future and political influence in
Universal Studios has officially announced the release date of the highly anticipated musical feature, Atlantis, directed by Michel Gondry. Set to hit theaters on May 9, 2025, the film is a celebration of Pharrell Williams’ childhood experiences at the Virginia Beach Atlantis Apartments during the summer of 1977. While Piece by Piece, a biopic about
American Eagle failed to meet Wall Street’s sales expectations for the second quarter in a row, resulting in an over 8% drop in the company’s shares during early trading. However, the company saw a significant increase in profit, with earnings per share coming in at 39 cents compared to the expected 38 cents. This marked
France’s President Emmanuel Macron is set to visit Belgrade in an attempt to enhance the relationship between France and Serbia. The Balkan country is currently navigating its EU membership bid while also maintaining close ties with Russia and China. During the visit, Macron and Serbia’s President Aleksandar Vucic will discuss various topics, including the potential