When Berkshire Hathaway 's (NYSE: BRKA) (NYSE: BRKB) 13F filing was released in May, it provided insight into the company's direction following the retirement of its longtime leader, Warren Buffett, at the end of last year. When Berkshire's stock positions were released, a handful of moves came as a surprise. The company completely exited positions in Visa , Mastercard , UnitedHealth Group , and A...
When Berkshire Hathaway 's (NYSE: BRKA) (NYSE: BRKB) 13F filing was released in May, it provided insight into the company's direction following the retirement of its longtime leader, Warren Buffett, at the end of last year. When Berkshire's stock positions were released, a handful of moves came as a surprise. The company completely exited positions in Visa , Mastercard , UnitedHealth Group , and Amazon , but the real head-scratcher was the stocks Berkshire chose to add. Berkshire added over 39.8 million shares of Delta Air Lines (NYSE: DAL) , worth over $3.28 billion (about 1% of its stock portfolio), a move that surprised many. Let's take a look at why. Continue reading
Maks_Lab/iStock via Getty Images PMI survey data indicate that global factory production growth accelerated to a near five-year high in May, with the war in the Middle East having induced a surge in demand for manufactured goods and inputs. However, this growth spurt is being fuelled by precautionary stock building, as companies seek to safeguard against supply shortages and prices hikes linked to...
Maks_Lab/iStock via Getty Images PMI survey data indicate that global factory production growth accelerated to a near five-year high in May, with the war in the Middle East having induced a surge in demand for manufactured goods and inputs. However, this growth spurt is being fuelled by precautionary stock building, as companies seek to safeguard against supply shortages and prices hikes linked to the conflict. The forward purchasing by definition points to weaker growth of purchasing and production in the coming months. Supply shortages, which have been more widely reported than at any time since 2022 in recent months, have already been reported as constraining output to a degree not witnessed since 2022. These constraints threaten to not only subdue growth but could also sustain further price pressures. Factory production growth at its fastest for nearly five years The Global Manufacturing Purchasing Managers’ Index (PMI) survey, sponsored by J.P. Morgan and compiled by S&P Global Market Intelligence, recorded the sharpest rise in worldwide factory production since July 2021 in May. The latest rise built on a similarly strong increase in April. US output growth hit the highest for just over four years in May, and the past two months have seen among the largest gains in production in Japan since the start of 2018. The solid expansion in mainland China was among the strongest for two years. The upturn in the eurozone was meanwhile modest. Albeit in both cases, rates of growth lost a little momentum in May. The rest of Asia saw sustained strong output growth in May. Stock building boosts growth While the data point to encouraging resilience of the manufacturing economy as the war in the Middle East extended into its third month in May, growth in many cases has been buoyed by precautionary stock building as companies seek to buy goods ahead of supply shortages or price rises linked to the war. Analysis of comments provided by surveyed companies, explaining changes in ...
《非标玩家UnDefined》编者按✍️ 这期来自20VC with Harry Stebbings的播客，逼迫大家面对AI商业化的现实。 做Claude的Anthropic，在半年内月收入增长N倍，曲线直接变成直线： 在今年1月的年化收入还是90亿美元；2月变成140亿，3月190亿，4月300亿，而到了5月，这个数字已经逼近450亿美元。 这里说的是按当月收入速度推算全年。即便如此，这样的增速...