Russell Burns

United Kingdom

Analyst at Finimize

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Articles

The tax, man. And the investor week ahead

5 days ago | finimize.com | Russell Burns

Tariffs, tariffs, tariffs. Nearly every major firm is talking about them – 93% of S&P 500 companies have mentioned tariffs on their latest quarterly calls, and 87% have talked about the uncertainty they’ve created for the outlook. And when Walmart throws open its books this week and gets into the details, it’s what folks will be listening for.
The US and China will talk trade in Switzerland this weekend

6 days ago | finimize.com | Russell Burns

What’s going on here? Representatives for China and the US will meet in Switzerland this weekend – and once they’re done with chocolate and mountains, they’ll crack into the frostier topics of tariffs and trade. What does this mean? Both countries are coming in with long lists of grievances, so no one’s expecting this weekend to end with a clean resolution. America, for its part, wants looser trade restrictions on certain mineral exports and stronger cooperation from China on its fentanyl crackdown.
Coinbase secured the crypto industry’s biggest-ever deal

6 days ago | finimize.com | Russell Burns

What’s going on here? Coinbase scored the crypto industry’s biggest-ever deal, seducing Deribit – a United Arab Emirates-based crypto derivatives exchange – with a $2.9 billion takeover deal. What does this mean? Coinbase will front $700 million in cash and pay the rest of the deal in shares – 11 million of them. That’s a lofty price, but it’s a small fee for potential world domination. Coinbase is the biggest crypto trading marketplace in the US, but it doesn’t have as strong a presence elsewhere.
The ‘Oracle’ retires: Here are Warren Buffett’s best investing lessons

1 week ago | finimize.com | Russell Burns

Warren Buffett didn’t just build one of the world’s most valuable companies – he also built one of the world’s biggest and most passionate investing fan bases. So it’s no surprise, then, that days after he announced his retirement from the corner office at Berkshire Hathaway, all anyone wants to talk about is the so-called Oracle of Omaha. It’s not hard to see why. Here’s a look at the man, the myth, the investing legend: Warren Buffett.
Apple said it’ll look into AI alternatives to Google’s search engine, news that sent Alphabet’s stock south

1 week ago | finimize.com | Russell Burns

What’s going on here? Apple said it would consider AI-powered alternatives to Google Search – and Alphabet’s investors closed that tab in a hurry. What does this mean? Apple devices use Google as their default search engine – and Google-owner Alphabet pays some $20 billion a year for that privilege. Problem is, an Apple executive said in federal court that web searches on Safari browsers fell for the first time in 22 years last month, as more users turned to AI tools like ChatGPT for answers.
The UK and US reached the first trade deal since "Liberation Day".

1 week ago | finimize.com | Russell Burns

What’s going on here? The UK and the US reached the first trade deal since tariffs were introduced last month. What does this mean? The US president hailed the deal as a win for both countries. See, the arrangement should open up billions of dollars worth of market access for America, making it easier to export more agricultural products, ethanol (which is used to make certain alcoholic drinks), chemicals, and machinery to the UK.
DoorDash made a bid for British rival Deliveroo, offering a stock price premium even heftier than the order fees on food deliveries these days

2 weeks ago | finimize.com | Russell Burns

What’s going on here? American firm DoorDash made a $3.6 billion bid for UK rival Deliveroo, hopeful that the food delivery firm could bring home the bacon in more ways than one. What does this mean? DoorDash would pay £1.80 ($2.40) per share in cash to buy Deliveroo – 23% more than what the stock was worth on Friday. Deliveroo’s board is, uh, on board, saying it’ll recommend the deal if it materializes.
The US expects to receive fewer Chinese imports than usual, which could leave Americans facing shortages reminiscent of pandemic panic-buying

2 weeks ago | finimize.com | Russell Burns

What’s going on here? US port and air freight operators reported sharp declines in bookings, as trade-reliant companies would rather go to the pub, have a nice cold pint, and wait for all of this tariff stuff to blow over. What does this mean? America’s busiest port for Chinese imports expects shipments to be down by a third in the first working week of May. That’s because China’s businesses are waiting to unroll the packing tape, hoping that the two countries will negotiate lower tariff rates.
How to value Tesla, after a disastrous first quarter

2 weeks ago | finimize.com | Russell Burns

about 4 hours ago • 6 minsTesla’s first-quarter profit dropped 71%, in its worst quarter in years, as increased EV competition and a decline in consumer sentiment hammered the company’s bottom line. Controversial CEO Elon Musk said he would begin spending less time in his government role and more time focusing on Tesla, beginning in May. The company also said its robotaxi launch is on schedule for June, and a lower-cost Tesla is set to begin production this year.
Philip Morris and Danone delivered steady revenue

3 weeks ago | finimize.com | Russell Burns

What’s going on here? Philip Morris and Danone lived up to their “consumer staple” labels, unveiling the sort of reliable results that never go out of style. What does this mean? French food and beverage company Danone made 4% more quarterly revenue than this period last year. The owner of Evian water said it was all about the gains, with high-protein yogurts flying off shelves in North America – and baby formula was especially popular in China.