Berkshire Hathaway

Frontrunning: May 5

  • A kinder, gentler Trump for third healthcare try (Reuters)
  • Senate Moves Obamacare Repeal to Slow Lane After House Squeaker (Bloomberg)
  • 14 Players to Watch in Senate Health-Care Overhaul (WSJ)
  • Futures flat ahead of jobs report; IBM drops (Reuters)
  • Oil Stems Losses in Volatile Trading (WSJ)

Oil Fireworks Unsettle Global Markets Ahead Of Payrolls Report

With all eyes on crude, following last night's mini flash crash which sent WTI lower by 3% from just above $45 to under $43 in under 10 minutes, equity markets, generally quiet overnight, have taken on a secondary importance ahead of today's key risk event, the April payrolls report. In global equities, Asian and European stocks are lower, while S&P futures are little changed.

Wells Meeting Turns Into Screaming Match, Shareholder Kicked Out After "Physical Approach" Toward Board Member

What may be the most controversial annual shareholder meeting in Wells Fargo history, in which the board is seeking re-election after last year's misselling scandal, devolved into a screaming match on Tuesday morning and was briefly halted following interruptions by angry shareholders as the bank's chairman and chief executive tried to calm nerves ahead of a vote that could oust the majority of its board.

Visualizing The Evolution Of The American Economy Over The Past 50 Years

If you’re curious about the story of modern humanity, you’ll find few things more fascinating than the shapeshifting ways of our markets and industries, over many years and decades. These shifts reflect our whole society, our inspiration, our impulses, and our shortcomings.

Median LBO Multiple Rises To 10.8x, Highest Since The Financial Crisis

According to a new report by PitchBook, after reaching new highs in 2016, acquisition multiples inched even higher in the first quarter of this year, and as a result the median EV/EBITDA multiple hit 10.8x in 1Q 2017, up from 10.7x last year. That was the highest median multiple paid since the financial crisis.

Who Holds The Power In Today's Oil Market?

Amidst the din of analysts speculating about whether oil prices will rise or fall, observers may well be overlooking some pressing questions about the very nature of the global oil market. The most significant of these questions relates to whether Saudi Arabia is losing its grip on the global oil market and if U.S. oil and gas producers are replacing the Saudis as the key global swing producer.

Wells Fargo Tumbles To Lowest Since November After Buffett Dumps 9 Million Shares

In an effort to keep its stake below 10%, Berkshire Hathaway has dumped 7.13 million shares of Wells Fargo in the last 2 days and intends to sell 1.86 million more shortly. The after-hours reaction in the stock is negative, dropping the bank's share price to its lowest since Nov 2016, despite reassurances from Buffett that this is a more technical sale.

Amazon Stock $100 Away From Making Jeff Bezos World's Richest Man

AMZN is now just $100 dollars away from the key $1,000/share level at which point the owner of the Washington Post would surpass $86 billion in value and - assuming MSFT stock does not rise in tandem - would make Bezos the world's richest man.