Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) has built a record that is nothing short of impressive, with the stock dramatically outperforming the S&P 500 index (SNPINDEX: ^GSPC) over the long term. A key part of the industrial conglomerate's success is its business model. Brookfield Corporation (NYSE: BN) is trying to use that same model. Here's what you need to know about this Canadian investmen...
Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) has built a record that is nothing short of impressive, with the stock dramatically outperforming the S&P 500 index (SNPINDEX: ^GSPC) over the long term. A key part of the industrial conglomerate's success is its business model. Brookfield Corporation (NYSE: BN) is trying to use that same model. Here's what you need to know about this Canadian investment giant. Berkshire Hathaway is often classified as an insurance company. That makes sense, since it does operate a number of large insurance businesses. However, the insurance operations are really the foundation on which it has built itself into a massive conglomerate. When you step back and look at the big picture, Berkshire Hathaway was really Warren Buffett's investment vehicle. Image source: The Motley Fool. Continue reading
Crimson, seen alone in Santa Monica mountains for days, gets care in Oakland zoo after mother nowhere to be found It was an unusual scene. A lion cub alone for days in southern California’s sprawling Santa Monica mountains, emitting a noise that sounded like a cross between a purr and a light squeal, perhaps calling out for his mother. Where was his mother? Continue reading...
Crimson, seen alone in Santa Monica mountains for days, gets care in Oakland zoo after mother nowhere to be found It was an unusual scene. A lion cub alone for days in southern California’s sprawling Santa Monica mountains, emitting a noise that sounded like a cross between a purr and a light squeal, perhaps calling out for his mother. Where was his mother? Continue reading...
With 84 and a half minutes on the clock, Mikel Arteta presumably suspected Viktor Gyökeres, one of his substitutes, had taken an absorbing FA Cup tie to extra time. Gyokeres cancelled out Ross Stewart’s first-half strike, seizing on his first whiff of goal, but it was Shea Charles, a second-half arrival for Southampton, who earned the Championship hosts victory and passage to the semi-finals. Anot...
With 84 and a half minutes on the clock, Mikel Arteta presumably suspected Viktor Gyökeres, one of his substitutes, had taken an absorbing FA Cup tie to extra time. Gyokeres cancelled out Ross Stewart’s first-half strike, seizing on his first whiff of goal, but it was Shea Charles, a second-half arrival for Southampton, who earned the Championship hosts victory and passage to the semi-finals. Another sub, Cyle Larin, started the move, protecting the ball with his back to goal. Charles, who was also involved in the buildup, calmly gathered Tom Fellows’ pass and found the corner to cue ecstasy in the stands. For Saints, just the fifth team to beat the Premier League leaders this season, the spirit of 76 lives on. For Arsenal, after suffering Carabao Cup pain at Wembley, this spelled successive defeats for the first time this season and now their season really is at risk of unravelling. Continue reading...
Phillippe Laffont has built a reputation as one of the world's best tech investors. His hedge fund, Coatue Management, is known for making big bets on emerging technology trends. And no trend has had a bigger influence on Coatue's recent portfolio moves than artificial intelligence. Investors can get an idea of what companies Laffont thinks stand to gain the most from mega-trends in technology lik...
Phillippe Laffont has built a reputation as one of the world's best tech investors. His hedge fund, Coatue Management, is known for making big bets on emerging technology trends. And no trend has had a bigger influence on Coatue's recent portfolio moves than artificial intelligence. Investors can get an idea of what companies Laffont thinks stand to gain the most from mega-trends in technology like artificial intelligence by following Coatue's 13-F filings with the Securities and Exchange Commission. The disclosures show the hedge fund's positions in its publicly traded U.S. stocks each quarter. Coatue's most recent filing shows it sold CoreWeave (NASDAQ: CRWV) , once the fund's largest position, in favor of another great AI stock . Here's what investors need to know. Continue reading
How Social Media Verdicts Could Upend Tech Industry Authored by Jacob Burg via The Epoch Times, Two major court verdicts last week finding social media giants Meta and YouTube liable for harm to users could send shock waves through the tech industry. In a first-of-its-kind lawsuit, a jury in Los Angeles on March 25 found both companies liable for making their platforms addictive and deleterious to...
How Social Media Verdicts Could Upend Tech Industry Authored by Jacob Burg via The Epoch Times, Two major court verdicts last week finding social media giants Meta and YouTube liable for harm to users could send shock waves through the tech industry. In a first-of-its-kind lawsuit, a jury in Los Angeles on March 25 found both companies liable for making their platforms addictive and deleterious to the mental health of young users. The 20-year-old plaintiff, referred to as “Kaley G.M.” or only her initials K.G.M. during trial, testified that she had become addicted to social media at a young age and that it negatively affected her mental health. Jurors ultimately decided that Meta was more liable for harming K.G.M., giving the tech giant 70 percent of the responsibility, or $2.1 million of the total $3 million in punitive damages, while YouTube shouldered 30 percent, or $900,000. An additional $3 million in compensatory damages were recommended by jurors to be paid by Meta and YouTube—the only remaining defendants in the case after TikTok and Snap settled with K.G.M. before trial—after deciding they acted with malice, oppression, or fraud in harming children with their platforms. In a separate case, jurors in New Mexico determined on March 24 that Meta had violated state law by failing to properly disclose risks to and protect children on its social media platforms. The case, brought by New Mexico Attorney General Raúl Torrez, resulted in a $375 million fine. Prosecutor Linda Singer, who previously served as attorney general of the District of Columbia but now works in private litigation, had asked the jury to fine Meta $2 billion. Former federal prosecutor Neama Rahmani called them “bellwether” cases. “Obviously, these cases will absolutely go up on appeal,” he told The Epoch Times. “I think they will likely end up before the Supreme Court, and how they view this issue will make or break Big Tech, because I think we’re going to see lots of copycat lawsuits, and the ...