A 24-inch tall, bronze bust sculpture of the late Charlie Munger sparked conversations among guests staying at the Omaha Marriott during the Berkshire Hathaway annual meeting last weekend. The hotel, located next to Berkshire-owned jewelry store Borsheims, was a favorite spot for the investment icon whenever he visited his hometown and the Berkshire headquarters of
Investment
The ongoing debate over expiring tax breaks enacted by former President Donald Trump has taken center stage in discussions regarding the country’s economic future. President Joe Biden’s top economic advisor, Lael Brainard, recently outlined plans to address the looming expiration of several provisions from the Tax Cuts and Jobs Act of 2017. With the current
As the world becomes more interconnected, many Americans are considering purchasing real estate overseas. According to the latest Trend Report by Coldwell Banker Global Luxury, nearly 40% of U.S. millionaires are planning on buying a home abroad within the next year. Additionally, two-thirds of respondents are looking to purchase a property outside of the U.S.
The art market is experiencing a decline in auction sales as wealthy buyers and collectors take a step back from the frenzied prices seen in recent years. Major auction houses, including Christie’s, Sotheby’s, and Phillips, are projected to have total sales of $1.2 billion for the upcoming two weeks, representing an 18% decrease from last
European companies in China are grappling with a range of challenges as the country’s economic growth slows down and overcapacity issues rise. According to a recent survey by the EU Chamber of Commerce in China, businesses are finding it harder to turn a profit in the country. In major cities like Shanghai, companies have even
The financial world was taken by surprise when Spanish bank BBVA announced a rare hostile takeover bid for its domestic rival, Banco Sabadell. This move came after the rejection of a 12 billion euro takeover offer from BBVA to Sabadell’s board earlier in the week. Sabadell’s board stated that BBVA’s initial bid “significantly undervalues” the
President Joe Biden is aiming to alleviate the burden of student loan debt for millions of Americans by forgiving a significant portion of their loans before the upcoming presidential election in November. The administration’s proposal, outlined in the Federal Register in April, has received an overwhelming response from the public, with over 34,000 comments submitted
When it comes to home financing, the 30-year fixed-rate mortgage is a staple for most U.S. homebuyers. However, what many may not realize is that this offering is quite distinct and uniquely American in nature. Unlike other countries, the U.S. has established a mortgage product that is tailored to spread out repayment over three decades
Disney has spent the past five years investing heavily in its streaming services, and it seems that investment is starting to pay off. In the second quarter, Disney nearly broke even in its streaming units, showing a significant improvement from the previous year’s loss. With Disney+, Hulu, and ESPN+ all showing promising signs of profitability,
Billionaire investor Stanley Druckenmiller made headlines recently when he revealed that he had significantly reduced his stake in chipmaker Nvidia earlier this year. He cited concerns that the rapid growth in artificial intelligence may have been overhyped in the short term. Druckenmiller explained his decision by stating that the stock had seen a substantial increase