That’s despite calls from notable consumer trading advocates and regulators for a ban on the practice.
Charlie Munger said Berkshire would be worth double if he and Buffett used this common practice
“Berkshire could easily be worth twice what it is now… All we had to do is just use a little more leverage that was easily available,” Munger said.
Munger and Buffett were unable to pull off one last deal together using Berkshire’s $157 billion in cash
Munger, who died Tuesday at age 99, said an elephant-sized deal may have to be done by the next generation of leaders at the conglomerate.
China consumption shows ‘no sign’ of a strong V-shaped recovery, McKinsey says
China’s consumer isn’t going to be spending big anytime soon, which means companies need to be more strategic to tap the massive market, according to McKinsey.
SEC meets with Grayscale, BlackRock about potential bitcoin ETFs
The regulator said in a memo that it met with Grayscale on Thursday about the potential conversion of the Grayscale Bitcoin Trust into an ETF.
Stocks making the biggest moves after hours: Disney, Ulta Beauty, Marvell Technology and more
See which stocks are posting big moves after the bell.
Cathie Wood’s Innovation ETF is up 31% in November, notching its best month ever
The fund rebounded drastically from three straight months of losses, pushing 2023 gains to 47%.
Return to office is ‘dead,’ Stanford economist says. Here’s why
The share of workers being called back to the office has flatlined, suggesting remote work is an entrenched feature of the U.S. labor market.
Stocks making the biggest moves midday: Salesforce, Snowflake, Discover, Victoria’s Secret and more
These are the stocks posting the largest moves in midday trading.
Nashville added nearly 100 new residents per day in 2022. Here’s why people are moving to Music City
In 2022, Nashville grew by roughly 100 people per day. Here’s why transplants are still moving to Music City.