Berkshire Hathaway, the conglomerate led by Warren Buffett, recently reported a significant surge in operating earnings in its first-quarter results. The company’s operating profit rose to $11.22 billion, a 39% increase from the same period last year. This growth was mainly driven by the strong performance of its insurance underwriting businesses, particularly Geico. The insurance
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The crypto market capitalisation has experienced a 2% increase over the past week, with a significant 13% surge from the lows observed on May 1st. This growth was marked by a bottom formation on Wednesday, followed by a moderate rebound on Thursday and stronger buying activities on Friday. However, the market hit a roadblock over
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The relationship between the Chinese economy and the Australian Dollar (AUD) is a complex and intricate one, with multiple factors influencing the value of the currency. In this article, we will delve into the various aspects of this relationship and how movements in the Chinese economy can impact the AUD. The Services Purchasing Managers’ Index
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The EUR/USD pair initiated a recovery wave above the resistance level of 1.0650. Interestingly, there was a breakthrough of a significant bearish trend line with resistance at 1.0720 on the 4-hour chart. This development indicates a potential shift in market sentiment towards the Euro against the US Dollar. GBP/USD Rallies On the other hand, GBP/USD
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The European Union has recently initiated a series of investigations into various Chinese industries in an effort to protect its home-grown manufacturers. These investigations focus on the procurement of medical devices, subsidies for wind turbines, solar panels, and electric vehicles. The European Commission, responsible for carrying out these probes, aims to address unfair competition and
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