Berkshire Posts Gain in Profits, Boosted by U.S. Treasury Holdings

Berkshire Posts Gain in Profits, Boosted by U.S. Treasury Holdings

Warren E. Buffett, the famed investor known for his enthusiasm for undervalued stocks and businesses, is feeling bullish these days about a traditionally staid investment: Treasury bills. The cash stockpile held by Berkshire Hathaway, his sprawling multinational conglomerate, rose past $334 billion at the end of last year, including $286 billion in short-term Treasuries. The…

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Officials Fired at Traffic Safety Agency Investigating Musk’s Company

Officials Fired at Traffic Safety Agency Investigating Musk’s Company

The federal agency responsible for traffic safety, which has been investigating whether self-driving technology in Tesla vehicles played a role in the death of a pedestrian, will fire a “modest” number of employees, an agency spokesman said late Friday. The agency did not say whether any of the fired employees were involved in investigations of…

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Comparing Elon Musk and Jack Welch as Influential Cost-Cutters

Comparing Elon Musk and Jack Welch as Influential Cost-Cutters

And while the two were both politically conservative, Welch was more of a country-club Republican, partial to golf and no fan — at least earlier on — of Donald Trump. While a savvy political operator, Welch was unlikely to have decamped to Mar-a-Lago to personally and intensely cozy up to the president-elect, as Musk did.…

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Trump’s Own Pollster Just Hit Him with Very Bad News—and a Warning

Trump’s Own Pollster Just Hit Him with Very Bad News—and a Warning

By the way, don’t overlook the poll’s finding about the popularity of extending the expanded ACA subsidies. This, too, puts Republicans in a difficult spot. The nonprofit group KFF calculates that Republicans represent more than half of ACA enrollees likely to see large premium jumps if the subsidies expire. “House GOP constituents would see the…

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Big Day for Crypto Goes South After Bybit Hack

Big Day for Crypto Goes South After Bybit Hack

The good news for cryptocurrency investors arrived just after 8 a.m. on Friday: Coinbase, the largest crypto marketplace in the United States, had reached a deal with U.S. regulators to dismiss a lawsuit that had hung over the industry for years. But within hours, the crypto market descended into a new crisis. At 10:51 a.m.,…

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Markets and Corporate America Are Unfazed by Washington Chaos, for Now

Markets and Corporate America Are Unfazed by Washington Chaos, for Now

Even by Washington standards, the second Trump presidency has begun in frenetic fashion: mass firings at federal agencies, tariff threats against allies and foes alike, and haggling over how to get a Republican budget through a narrowly divided Congress. Business leaders and corporate investors are confident that things will turn out fine, at least for…

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Wall Street Is Getting Antsy With Trump

Wall Street Is Getting Antsy With Trump

President Trump’s keynote this week at a Saudi sovereign wealth fund’s conference in Miami Beach might have seemed like another jubilant pep rally attended by adoring fans and key lieutenants. Elon Musk sat in the front under a vast rotunda, not far from the real estate billionaire Steve Witkoff, now a White House special envoy…

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