warren buffett

Warren Buffett says there's a lot of gambling in the marketplace, adding that 'Bitcoin is a gambling token'

Per CNBC In a recent CNBC interview with Warren Buffett, the Berkshire Hathaway CEO shared his thoughts on the market, saying it is now full of gambling. He also called Bitcoin a "gambling token." Buffett argued that Bitcoin didn't have intrinsic value and that its properties

bank of america

Bank of America clients pulled out $2.3 billion from the equities market for the second consecutive week

Per Bloomberg Clients of Bank of America have pulled out $2.3 billion from the equities market for the second consecutive week. This was for all sizes of US equities. The news came from Bank of America strategists that were led by Jill Carey Hall. Hall released the information in

bank of america

Bank of America clients pulled $451 million from real estate stocks amid commercial property concerns

Per BI Clients of Bank of America have decided to pull almost half a billion from real estate stocks. Due to fears regarding commercial property concerns, clients have pulled $451 million from real estate stocks. Bank strategists led by Jill Carey Hill wrote in a note that this was the

savings

53% of Americans don't have emergency savings, with 1/4 of them only having $5,000

Per CNBC A recent survey of 4,336 respondents who were 18 and above and resided in the United States found that over half had no emergency funds. Specifically, a quarter of them had less than $5,000 saved. This was according to the CNBC Your Money Financial Confidence Survey,

Elon Musk is said to be moving forward with an artificial-intelligence project within Twitter, after recently purchasing roughly 10,000 graphics processing units for the platform

Elon Musk is said to be moving forward with an artificial-intelligence project within Twitter, after recently purchasing roughly 10,000 graphics processing units for the platform, per BI. Recently, Elon Musk and others call for a pause in AI research. They said: AI systems with human-competitive intelligence can

Italy's birth rate has hit a historical low last year with less than seven newborns for every 1,000 inhabitants

Italy's birth rate has hit a historical low last year with less than seven newborns for every 1,000 inhabitants. Since 2008, the birth rate has been on a downward trend in Italy. But it would be the first time that the country's birth rate has

Walmart, $WMT, has said: “Our Chicago stores have not been profitable since we opened the first one nearly 17 years ago"

Walmart, $WMT, has said: “Our Chicago stores have not been profitable since we opened the first one nearly 17 years ago. These stores lose tens of millions of dollars a year, and their annual losses nearly doubled in just the last five years.” Crime and theft weren’t leading drivers

Apple's, $AAPL, personal computer shipments fell by 40.5% in the first quarter

Apple's, $AAPL, personal computer shipments fell by 40.5% in the first quarter, per Bloomberg. This is the worst drop since the final three months of 2000, per Bloomberg. Per Bloomberg: "Shipments by all PC makers combined slumped 29% to 56.9 million units — and fell below

Ken Griffin has given $300 million to Harvard University, his biggest gift ever to his alma mater

Ken Griffin has given $300 million to Harvard University, his biggest gift ever to his alma mater, per Bloomberg. The founder of Citadel and Citadel Securities has now donated more than $500 million to the Ivy League school. In recognition of that support, the university will soon grant its master’

JPMorgan's, $JPM, former precious-metals desk head and his top gold trader are asking to be spared from prison sentences for spoofing the market

JPMorgan's, $JPM, former precious-metals desk head and his top gold trader are asking to be spared from prison sentences for spoofing the market. Michael Mowak and Gregg Smith were found guilty regarding JPMorgan and their spoofing of precious metals in October. Prosecutors presented evidence, per Bloomberg, including

home

Housing unaffordability is causing banks to lose money

Due to the high housing prices, even banks are losing money on every mortgage they finance. On average, every mortgage that banks originated in 2022 costs the banks $301. A recent MBA report shared how the new losses represented a 113% decrease from how much a bank made last year.

Apple

Apple PC shipments in Q1 2023 saw a steep 40.5% decline

Per Forbes The personal computer market saw a huge decline in the first quarter of 2023, with Apple experiencing the steepest drop in shipments. The company's PC shipments fell by 40.5%. In Q1 2022, Apple could ship out 6.9 million computers, but in the recent Q1,

Economy

70% of parents are helping their adult children (18 and up) by sacrificing savings

Per Bloomberg There has been an increase in parents using their savings to help their adult children (people aged 18 and up). This data came from Bankrate, which shared how parents sacrificed their emergency, debt payoff, and retirement savings to help their children aged 18 and up. The report noted

labor shortage

Labor shortages affect US companies trying to attract and retain workers

Per WP Persistent labor shortages in the United States have reportedly affected many companies that are trying to attract and retain workers. This was especially true for small businesses and service industry businesses. This comes when the average hourly earnings per month rose by 0.3%. The Fed notes that

warren buffett

Warren Buffett increases exposure in Japan's stock market

Per CNBC Warren Buffett has decided to increase his exposure in Japan's stock market by placing more money into five major trading houses. Berkshire Hathaway increased its stake in those houses to 7.4%. Berkshire Hathaway's CEO shared his feelings about investing in the five major

Twitter Inc has merged with X Corp, and no longer exists as Twitter Inc

Twitter Inc has merged with X Corp., and no longer exists as Twitter Inc, according to lawsuits discovered by Slate. A court filing submission dated April 4 states: “Pursuant to Rule 7.1(a)(1) of the Federal Rules of Civil Procedure, the undersigned counsel for Defendant X Corp., as

Super Mario Bros has hit a new record for biggest opening weekend of an animated movie in history, surpassing the $358 million global opening of 2019's Frozen II

Super Mario Bros has hit a new record for biggest opening weekend of an animated movie in history, surpassing the $358 million global opening of 2019's Frozen II. Mario also notched the biggest five-day domestic opening in history, beating Transformers: Revenge of the Fallen's $200

39% of Americans say they’ve skipped meals to make housing payments

39% of Americans say they’ve skipped meals to make housing payments, per Clever Real Estate survey. And among millennials, that figure rose to 44%. Among Baby Boomers, it was 20%. Meanwhile, Housing affordability in the US is near all-time-lows, per $GS. In November, nationwide, households need six-

Americans could see promised Social Security benefits cut by 27% in just 10 years

Americans could see promised Social Security benefits cut by 27% in just 10 years, per Bloomberg. Reuters reported on March 31 that according to reports from the trustees of the programs, the main trust fund reserves of the U.S. Social Security system will be depleted in 2033, which is

META is asking many of its managers and directors to transition to individual contributor jobs—or leave the company

$META is asking many of its managers and directors to transition to individual contributor jobs—or leave the company, per Bloomberg. This is after numerous layoffs. Mark Zuckerberg warned in the $META layoffs announcement to prepare for a ‘new economic reality’ that could last ‘many years’, per BI. After already

US troops in Taiwan ‘on the table’ if China invades, House Foreign Affairs Committee chairman Representative Michael McCaul has said

US troops in Taiwan ‘on the table’ if China invades, House Foreign Affairs Committee chairman Representative Michael McCaul has said. “Now there’s a political debate here, the two different parties. One party wants to talk to China. President Tsai’s party does not want to be a part of

Prompt engineers for AI, including ChatGPT, are getting paid up to $335,000

Prompt engineers for AI, including ChatGPT, are getting paid up to $335,000, per Bloomberg. Meanwhile, with over 43% of professionals reportedly using ChatGPT at work, 68% said they did not tell their bosses. This came from a survey by Fishbowl, which involved 11,700 workers from Jan 26 to

The majority American corporate offices are currently half-empty

The majority American corporate offices are currently half-empty, per CNN. Offices were the worst-performing US commercial properties in 2022. About $270 billion in commercial real estate loans held by banks will come due in 2023, according to Trepp. Roughly $80 billion, nearly a third, are on office properties.

French President Macron says that Europe must reduce dependence on US Dollar

French President Macron says that Europe must reduce dependence on US Dollar. "The worst thing would be to think that we Europeans must become followers on this topic and adapt to the American rhythm or a Chinese overreaction," he said. Europe must better fund its defence industry, develop

Deputy Defense Secretary Kathleen Hicks loses composure when pressed about government fraud, waste, and abuse

Jon Stewart discusses with the Deputy  Defense Secretary Kathleen Hicks. She appears to lose composure when pressed about government fraud, waste, and abuse. Jon Stewart says, "The audit that is in the military does not look if there is efficacy." Hicks: "That is any audit." Stewart: