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Berkshire Cash Hits A Record $397 Billion As Company Sells Most Stocks In 2 Years
Berkshire Cash Hits A Record $397 Billion As Company Sells Most Stocks In 2 Years
The head of Berkshire may be new, but nothing has changed in the business model.
In Berkshire's first quarter Greg under Abel, who succeeded Buffett in January as Berkshire's chief executive, the company on Saturday reported a higher first-quarter operating profit even as economic uncertainty weighed on several of its consumer-oriented businesses. The Omaha, Nebraska-based conglomerate built by Warren Buffett and now led by Greg Abel also reported a record cash level, reflecting continuing difficulty finding investments...
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Jul 29, 2026 / Dave DeCamp
Report: US-Owned Gas Storage Vessel in Egypt Hit by Drone
A drone hit a US-owned liquefied natural gas storage tanker in the Egyptian port city of Damietta, Reuters reported on Wednesday, citing the British maritime security firm Ambrey. The incident could signal a widening of the US-Iran war, though at this point it’s unclear who was responsible. Sources told Reuters that the drone hit the […]
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Jun 7, 2026 / Tyler Durden
Americans' Average Monthly Mortgage Payment Tops $2000 For The First Time Ever
Americans' Average Monthly Mortgage Payment Tops $2000 For The First Time Ever
Authored by Michael Snyder via The Economic Collapse blog,
U.S. households are being financially squeezed at a level that we have never seen before. I have often said that we are in a long-term cost of living crisis that never seems to end, and that is not an exaggeration at all. Just about everything has been getting more expensive in recent years, and as a result our standard of living has been going down. In many areas of the...
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Feb 24, 2026 / Mark Thornton
From Tariffs to Gold: Reading the Regime
Debt, tariffs, and money printing: Mark Thornton explains how the policy machine rewires markets, and why metals and commodities react first.
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