Lock it in or let it ride? It’s a question that investors might ponder at this point in an unexpectedly rewarding year, as the calendar pivots appropriately from the season of feigned fright to one of gratitude for life’s bounty. For most people, this is less about getting fully out of or staying wholly in equities, but it’s a moment to set expectations and perhaps portfolios in recognition of the distance traveled to date. The S & P 500 is up 16.3% this year to 6,840, which is almost exactly 2,000 points higher than its intraday low at the depths…
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Company: Advanced Drainage Systems (WMS)Business: Advanced Drainage Systems is a manufacturer of stormwater and onsite wastewater solutions. The company and its subsidiary, Infiltrator Water Technologies, provide stormwater drainage and onsite wastewater products used in a wide variety of markets and applications, including commercial, residential, infrastructure and agriculture, while delivering customer service. Its pipe segment manufactures and markets thermoplastic corrugated pipe throughout the United States. Its infiltrator segment is a provider of plastic leachfield chambers and systems, septic tanks and accessories, primarily for use in residential applications. Its international segment manufactures and markets products in regions outside the United States, with…
Warren Buffett and Greg Abel walkthrough the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025.David A. Grogen | CNBCWarren Buffett’s Berkshire Hathaway reported a sharp rebound in operating profit on Saturday, while its cash pile swelled to a new high with no buybacks.Berkshire’s operating profit generated from the conglomerate’s wholly owned businesses including insurance and railroads jumped 34% year over year to $13.485 billion in the third quarter. The gains were driven by a more than 200% surge in insurance underwriting income, which rose to $2.37 billion.Buffett once again refrained from repurchasing shares despite a significant pullback…
Oils containing CBD (Cannabidiol).Geoffroy Van Der Hasselt | AFP | Getty ImagesCannabis stocks could be poised for a rally after years of stagnation, fueled by investor optimism over the possibility for new federal rules for hemp-derived products and signals that President Donald Trump could take a more permissive stance on marijuana.Publicly traded cannabis companies have seen their share of ups and downs. Verano Holdings reported earnings Wednesday that saw revenues of $203 million, up slightly from the previous quarter but down 6% year-over-year. However, Verano posted a net loss of $44 million, partly due to a $5 million impairment charge…
META CEO Mark Zuckerberg (L) and Microsoft CEO Satya Nadella.Getty ImagesAs tech giants increase their already breathtaking spending on artificial intelligence, their respective digital advertising businesses have also gained momentum.Quarterly earnings reports this week from Meta, Amazon, Alphabet and Microsoft all showed healthy revenue on the ads front.The rising online advertising sales have allayed concerns earlier this year that economic turbulence, amplified by President Donald Trump’s trade policies, would negatively impact ad budgets. “I think the digital ad market is strong,” said Jasmine Enberg, co-founder of Scalable, a creator economy media firm. “I think this economic instability and volatility is…
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.)Berkshire worries grow as Buffett’s CEO handover nearsTwo months from now Warren Buffett will no longer be Berkshire’s CEO and investors appear to be getting increasingly nervous about the year-end transition.On May 2, the Friday before Buffett’s surprise announcement at the annual meeting that he plans to step down, Berkshire’s B shares closed at an all-time high just under $540 per share.At that point, they were outperforming the S&P 500 by 22.4 percentage points for…
Andrew Bret Wallis | DigitalVision | Getty ImagesMore consumers are buying travel insurance during the federal government shutdown — but these insurance policies may not offer the catch-all protection that buyers expect.Much depends on the fine print, experts said.Squaremouth, an online platform for comparing travel insurance policies, has seen the volume of insurance quotes increase 8.5% year-over-year between Oct. 1 and 27. Sales have risen by 7.9% over the same period.Buyers seem to be hedging against the financial risk of the government shutdown upending their travel plans, experts said. Air traffic controllers and TSA agents are essential government employees working…
Chinese President Xi Jinping took center stage at a meeting of APEC leaders on Saturday to push a proposal for a global body to govern artificial intelligence and position China as an alternative to the United States on trade cooperation.The comments were the first by the Chinese leader on an initiative Beijing unveiled this year, while the United States has rejected efforts to regulate AI in international bodies.Chinese President Xi Jinping.Sergey Bobylev | Via ReutersXi said a World Artificial Intelligence Cooperation Organization could set governance rules and boost cooperation, making AI a “public good for the international community”.In remarks published…
Desmond Lim, co-founder and CEO of Workstream.Courtesy of Desmond LimIt’s often said that “there’s no such thing as balance” in entrepreneurship, but startup founder Desmond Lim disagrees.The CEO and co-founder of Workstream, a HR, payroll and hiring platform for hourly workers, says that balance isn’t just possible — it’s also necessary.Running a company can be very taxing, said Lim, who works about 11 hours a day on average.Not only are the hours long, but it can also be mentally consuming. “The emotional ups and downs are always very challenging … The highs are very high, the lows are very low,”…
Man and woman having a small business meeting in smart casual clothesIppei Naoi | Moment | Getty ImagesOne successful angel investor has revealed two red flags that prevent him from investing in a founder in the first meeting.Carles Reina is an angel investor who backed voice cloning AI startup Eleven Labs when it was still in its very early stages in 2022. The firm was co-founded by Mati Staniszewski and Piotr Dąbkowski, and raised $180 million at a valuation of $3.3 billion, in its Series C funding earlier this year.In September, the company announced it was letting employees sell shares at…
