Joe Light

1 week ago | finance.yahoo.com | Joe Light

Unlock stock picks and a broker-level newsfeed that powers Wall Street. Joe Light Sat, May 3, 2025, 11:35 AM 1 min read Greg Abel, who is widely expected to succeed Buffett as CEO, told shareholders that the company’s investment philosophy wouldn’t change if he takes over. Abel said that would start with maintaining Berkshire’s reputation and a “fortress of a balance sheet,” which not only gives Berkshire the ability to make large investments.

1 week ago | finance.yahoo.com | Joe Light

Unlock stock picks and a broker-level newsfeed that powers Wall Street. Joe Light Sat, May 3, 2025, 11:53 AM 1 min read Just before the lunch break, CEO Warren Buffett noted that a new 1% tax on share buybacks makes it more expensive for Berkshire to repurchase its own shares than for other investors to buy them. Former President Joe Biden’s Inflation Reduction Act introduced a 1% excise tax on stock repurchases made after Dec.

2 weeks ago | barrons.com | Joe Light

President Donald Trump did exactly what he said he would do, and now that threatens his economic agenda. It’s a corner that will be difficult for the president to punch his way out of. On Tuesday evening, Trump plans to give a speech to mark 100 days in office, near Detroit, Mich. By any measure, his first few months back in office have been hyperactive. So far, he has signed 142 executive orders, the most of any president in that period.

2 weeks ago | barrons.com | Joe Light

Congressional Republicans and President Donald Trump have promised to slash taxes, reduce the deficit, and avoid making substantial cuts to entitlement programs such as Medicaid and Medicare. Now they’re going to have to reconcile those disparate commitments, and the most likely casualty will be any hope of reducing the federal debt.

2 weeks ago | barrons.com | Joe Light

President Donald Trump’s tariff war is sharply slowing traffic on a major shipping route between China and the U.S. The pain of a near-standstill in goods shipments could spread from trucking companies to retail shelves in a matter of weeks. Ocean container bookings from China to the U.S. fell 64% in the first week of April compared with the week earlier, according to logistics data platform Vizion. Overall imports to the U.S. also fell 64%.