Warren Buffett hasn’t endorsed a candidate in the 2024 presidential race. However, the 94-year-old billionaire has revealed in the past that he is a Democrat.
With over 40 holdings in Buffett’s Berkshire Hathaway portfolio, he would likely have at least a few winners regardless of which party wins the most in next week’s elections.
Warren Buffett is known for stock picking, selecting excellent long-term companies trading at reasonable or even dirt cheap prices and holding on for the long term. Using this strategy, he’s helped Berkshire Hathaway‘s portfolio to achieve a compounded annual gain of almost 20% over the past 58 years. This is compared to the compounded annual increase of 10% for the S&P 500 index.
Inflation slowed sharply over the summer, but as it gets close to the Federal Reserve’s 2% target, improvement will get harder to come by.
The PCE index, the Fed preferred inflation barometer, is forecast to rise a mild 0.2% in September.
The year-over-year increase could slip to 2.1% from 2.2%.
It’s not every day that Warren Buffett bets big on a bank outside the United States, but his latest move suggests he sees something special in one international fintech company.
The stock, relatively unknown compared to Buffett’s flagship investments like Coca-Cola or Apple, serves millions across Latin America and is elbowing into our out,
» Read more about: Buffett’s Billion Dollar Bet Is a Halloween Treat »
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Greenfield investments – the creation of a new company or establishment of new facilities – soared to €3.6 billion (US$3.9 billion) in China from April through June, according to the Rhodium Group consultancy.
This was the highest quarterly level on record and well above the average quarterly EU investment of €1.8 billion since 2022.
» Read more about: EU investments in China soar to new quarterly record of US$3.9 billion »
Government action is vital to unlock private sector investment at scale, say business leaders in global Business Breakthrough Barometer
Aviva‘s (LSE:AV.) a FTSE 100 share I opened a position in almost a year ago. I’ve topped up my holdings since then. And I plan to increase my stake again when I next have cash to invest.
I believe the financial services giant looks highly attractive in terms of growth and dividends.
» Read more about: A FTSE 100 share that offers growth, dividends AND value! »
Motilal Oswal Mutual Fund (MOMF) has launched four index funds — ‘Motilal Oswal Nifty MidSmall Healthcare Index Fund’, ‘Motilal Oswal Nifty MidSmall IT and Telecom Index Fund’, ‘Motilal Oswal Nifty MidSmall India Consumption Index Fund’, and ‘Motilal Oswal Nifty MidSmall Financial Services Index Fund’. The four NFOs by Motilal Oswal Mutual Fund opened for subscription on 29th October and closes on 6th November.
Motilal Oswal Mutual Fund (MOMF) has announced the launch of four new index funds aimed at investors looking for growth in mid and small-cap sectors.
The funds include:
These new fund offerings (NFOs) opened for subscription on October 29 and will remain available until November 6.
» Read more about: Motilal Oswal MF launches four new index funds »
The Capital Markets Authority (CMA) has told investors in a Munyonyo hotel project, operated by Buildnet, a real estate developer, which promises an 8.5 percent return on investment, that they are risking their money, noting the project is an “unapproved” scheme.
In a notice yesterday, CMA said Buildnet had not received approval to offer securities to the public,
» Read more about: CMA stops call for public to invest in multibillion Munyonyo project »