Anuron Kumar Mitra
Assistant Executive Editor and Markets Team Leader at Seeking Alpha
Assistant Executive Editor and Markets Team Leader @SeekingAlpha. Ex @Reuters Breaking News reporter. Views are my own. I like knowing things, and chocolate.
Articles
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1 week ago |
seekingalpha.com | Anuron Kumar Mitra
Jamie McCarthyBerkshire Hathaway's (NYSE:BRK.A)(NYSE:BRK.B) top boss Warren Buffett on Saturday said he will ask the conglomerate's board to replace him as CEO with his already chosen successor, Greg Abel, at the end of the year. Though the actual succession wasn't a
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1 week ago |
seekingalpha.com | Anuron Kumar Mitra
Jamie McCarthy"Trade should not be a weapon," Berkshire Hathaway's (NYSE:BRK.A)(NYSE:BRK.B) famed top boss Warren Buffett said on Saturday, while asserting that the U.S. had already "won" by becoming an "incredibly important country starting from nothing." Buffett's comments came at the sprawling
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1 week ago |
seekingalpha.com | Anuron Kumar Mitra
Mario TamaBerkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) on Saturday reported its worst drop in quarterly operating earnings since 2020, and noted "considerable uncertainty" around international trade policies and tariffs. The sprawling conglomerate's Q1 operating earnings slipped 14.1% Y/Y to $9.64B. This was the steepest fall in operating
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1 week ago |
seekingalpha.com | Anuron Kumar Mitra
Eric Francis/Getty Images NewsBerkshire Hathaway press release (NYSE:BRK.A)(NYSE:BRK.B): Q1 operating earnings of $9.64B (-14.1% Y/Y). Q1 total revenue of $89.73B (-0.2% Y/Y). Net earnings per average equivalent Class A share of $3,200. Net earnings per average equivalent Class B share of $2.13. Cash, cash equivalents, and short-term securities of $347.68B. SEC filing. More on Berkshire Hathaway 
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1 week ago |
seekingalpha.com | Anuron Kumar Mitra
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In my three years of reporting on stock markets, I have never seen anything like today's session. U.S. President Donald Trump's 90-day pause on most reciprocal tariffs except for China led to the best day for Wall Street since the financial crisis in October 2008. The Nasdaq
History shows that Wall Street has largely posted a positive annual return when the Fed has cut interest rates in the past. Read my report for a breakdown on the market's performance in earlier rate-cutting cycles - https://t.co/77nD6vWSoT #FedRate #fedpolicy #InterestRates
Today was a momentous day for Wall Street! The Fed delivered its first interest rate cut since 2020, and it was a supersized 50 basis point cut at that. Markets hit a new record after, but were unable to hold on to their gains. Read my report - https://t.co/40HA1ME3Ja