Berkshire operating earnings surge 71% in fourth quarter, cash hoard balloons to record $334 billion

Berkshire operating earnings surge 71% in fourth quarter, cash hoard balloons to record 4 billion

Key Points

The Warren Buffett-led conglomerate said its operating profit — which encompasses earnings from the company’s wholly owned businesses — skyrocketed to $14.527 billion during the final three months of 2024.
That was led by by a whopping 302% jump in insurance underwriting from the year-earlier period to $3.409 billion.

Source

Coinbase joining S&P 500 days after bitcoin soared past 0,000

Finance

Coinbase joining S&P 500 days after bitcoin soared past $100,000

May 12, 2025

Key Points Coinbase is joining the S&P 500, replacing Discover Financial, which is being acquired. Shares of the crypto exchange soared in extended trading after the announcement. Bitcoin eclipsed the $100,000 market last week, approaching its record reached in January. Source

Finance

After UK and China trade deals, tariff rate still highest since 1934, Yale report says

May 12, 2025

Key Points The average effective tariff rate on imports is 17.8%, the highest since 1934, even after trade deals reached with China and the U.K. in recent days, according to the Yale Budget Lab. Levies that President Trump placed on other products and countries still remain, including a 10% tariff on almost all trading partners. […]

Finance

Stocks making the biggest moves midday: Amazon, Alibaba, Merck, Five Below, Nike and more

May 12, 2025

Check out the companies making headlines in midday trading: Drugmakers — Pharmaceutical stocks bounced back from earlier losses after an executive order aimed at bringing down drug prices was deemed not as bad as feared for the industry. Merck jumped 5%, while Pfizer , Bristol-Myers Squibb and Eli Lilly all rose more than 2%. However, […]