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
Cash
In light of the U.S. House of Representatives passing a bill that would enable the Biden administration to seize Russian assets held in American banks and transfer them to Ukraine, tensions between the United States and Russia have escalated. Dmitry Medvedev, a senior security official in Russia, has issued a stern warning that Russia would
As the U.S. Treasury Department gears up to announce its refunding plans for the upcoming quarter, investors are eagerly anticipating a sense of relief after several quarters of auction size increases. The expectation is that the Treasury will maintain the size of most of its auctions, with potential increases in specific issues such as the
The US 100 cash index is currently experiencing a downward trend, trading slightly below the 100-day SMA. Market sentiment remains bearish as investors await key US data releases. This negative sentiment is reflected in various momentum indicators, suggesting a bearish trend in the market. The Average Directional Movement Index (ADX) indicates a decent bearish trend
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