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☆ Warren Buffett’s equity portfolio is focused on just 5 stocks. Here’s what they are
▼ + stars: | 2023-02-25 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Warren Buffett's Berkshire Hathaway revealed that 75% of its equity portfolio was concentrated in just five names. The "Oracle of Omaha" kept his top five holdings unchanged last quarter as the stock market experienced heightened volatility amid rising rates and recession fears. At the end of 2022, Apple remained Berkshire's largest holding by far, with a value of $119 billion. Chevron was the conglomerate's third-biggest holding with a $30 billion value. In August, Berkshire received regulatory approval to purchase up to 50%, spurring speculation that it may eventually buy all of Houston-based Occidental.

☆ Apollo Global appoints former U.S. Senator Patrick Toomey to board
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +1 min

Feb 22 (Reuters) - Apollo Global Management Inc (APO.N) said on Wednesday former U.S. Senator Patrick Toomey has been appointed to its board, effective March 15. In a political career spanning decades, Toomey represented Pennsylvania in the Senate from 2011 to 2023, serving on the Senate banking, housing, and urban affairs, budget, and finance committees. Toomey, a member of the Republican Party, previously served in the U.S. House of Representatives from 1999 to 2005, where he was a member of the house budget committee. Earlier in February, New York-based Apollo said its fourth-quarter adjusted net income rose 77% owing to strong earnings from its retirement services business, even as gains were partly offset by a steep decline in its PE portfolio.

☆ We're investing 'as fast as we can sustain,' says hearing device maker
▼ + stars: | 2023-02-15 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're investing 'as fast as we can sustain,' says hearing device makerDig Howitt of Cochlear says "we're a business with a huge growth opportunity, but that growth comes from investments."

☆ Nasdaq futures edge higher as battered megacaps rise
▼ + stars: | 2023-02-13 | by ( ) www.reuters.com time to read: +1 min

A fall in Treasury note yields indicate traders expect greater return from investments in risky assets. The major U.S. stock indexes ended the week previous lower, with the tech-heavy Nasdaq (.IXIC) clocking its first weekly loss this year. Investor sentiment was dented by fresh concerns that the Federal Reserve would keep higher interest rates for longer. ET, Dow e-minis were down 18 points, or 0.05%, S&P 500 e-minis were up 4.5 points, or 0.11%, and Nasdaq 100 e-minis were up 50.5 points, or 0.41%. Reporting by Johann M Cherian in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

(Some partners also offer free state filing.) This is an opportunity many people overlook: About 70% of Americans qualified for IRS Free File in 2022, according to the Taxpayer Advocate,, but only 2% actually used it. Even if you meet the income requirements, Free File might not have the forms you need. If you don't meet the income requirement for Free File, you can still use the site's fillable forms. Bottom lineThere are lots of ways to file your taxes for free, whether that's with the IRS or a commercial tax software company.

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☆ KKR reports 42% drop in earnings on lower asset sales
▼ + stars: | 2023-02-07 | by ( Chibuike Oguh | ) www.reuters.com time to read: +2 min

NEW YORK, Feb 7 (Reuters) - KKR & Co Inc (KKR.N) said on Tuesday its fourth-quarter after-tax distributable earnings dropped 42% year-on-year, driven by asset sale declines in its private equity portfolio and lower transaction fees in the capital markets division. KKR and other private equity firms struggled to sell assets for top dollar for much of the last year due to market volatility, rising inflation, recession worries and geopolitical tensions. Transaction fees from its capital markets business, which collects lucrative fees for arranging financing for KKR portfolio companies, declined by 55% to $144.4 million. During the quarter, KKR said its private equity portfolio was flat in value, while opportunistic real estate funds depreciated by 8%. By contrast, Blackstone Inc (BX.N) had reported that its opportunistic and core real estate funds depreciated by 2% and 1.5%, respectively, while its corporate private equity funds gained 3.8%.

☆ Looking beyond FAANG: Here's how the Club portfolio lines up with the Dow's workhorse stocks
▼ + stars: | 2023-01-31 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

Think most of the stocks in the Dow Jones Industrial Average or the kind of stocks Warren Buffett loves to own for Berkshire Hathaway ." But in the near term, we still favor stocks of companies that are the backbone of the real economy. Dow Inc (DOW): The materials company we own in the portfolio is industrial gas giant Linde (LIN). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Japan current account surplus jumps, marks record for November
▼ + stars: | 2023-01-12 | by ( Tetsushi Kajimoto | ) www.reuters.com time to read: +2 min

Summary Nov current account surplus at 1.8 trillion yenPrimary income surplus at 3.7 trillion yenTOKYO, Jan 12 (Reuters) - Japan's current account surplus logged a surprising surge to mark a record for November, as weakness in the yen drove income gains from portfolio investment and direct investment overseas to their highest level for the month. November's data marked the first year-on-year growth in the current account surplus since March 2022. The primary income surplus, which includes interest payments and dividends from investments overseas, hit 3.7 trillion yen. It was the largest amount for the month since comparable data became available in 1985, with the previous record being 2.4 trillion yen in November 2021. The trade deficit was 1.5 trillion yen, narrowing from the previous month's 1.9 trillion yen.

☆ 'Don't wait' to make this year-end move that could help cut your tax bill, says CPA
▼ + stars: | 2022-12-26 | by ( Ryan Ermey | ) www.cnbc.com time to read: +2 min

If you sell an investment at a loss, the IRS allows you to use that loss to offset gains and income. Here's how tax-loss harvesting works. The rules around tax-loss harvestingTo understand tax-loss harvesting, you first need to remember how capital gains taxes work. At first, offsets must be like for like: Use short-term losses to offset short-term gains and long-term losses to offset long-term gains. How to take advantage of tax-loss harvesting

☆ Scott Galloway looked at 100 charts on US inequality for his new book. America is adrift, but here's why he's optimistic.
▼ + stars: | 2022-12-21 | by ( Paul Constant | ) www.businessinsider.com time to read: +6 min

NYU professor Scott Galloway spoke to Paul Constant about his book "Adrift: America in 100 Charts." Galloway says we need to bring back the middle class, but there's still hope for the US. This process offered him several important new insights into the decaying of the American middle class — and a surprising sign of optimism for the future. Galloway believes America has been its own worst enemy, with outsized political division keeping us from solving the problem of inequality. "First you have to acknowledge that the middle class is an accident, and it's not self-sustaining," Galloway said.

☆ Why do I owe taxes this year? 6 reasons you may not get a refund
▼ + stars: | 2022-12-19 | by ( Jamie Johnson | Lisa Niser | Jamie Johnson Is A Kansas City-Based Personal Finance Writer Whose Work Has Been Featured On Several Of The Top Finance | ) www.businessinsider.com time to read: +10 min

Common reasons include underpaying quarterly taxes if you're self-employed or not updating your withholding as a W-2 employee. Let's look at six common reasons some people could owe money to the IRS. Editor's Rating 4.6/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 3.7/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more On Tax Slayer's website Learn more On Liberty Tax's website Learn more On H&R Block's website1. If you underpay your quarterly taxes — or fail to pay them — you could owe money at the end of the year. If you haven't paid any income taxes on the benefits you received, you may owe money when you file.

☆ IEA: The world will gain enough renewable energy in 5 years to power China
▼ + stars: | 2022-12-06 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

In a report published Tuesday, the International Energy Agency forecast a sharp acceleration in installations of renewable power. Global renewable power capacity is now expected to grow by 2,400 gigawatts (GW) between 2022 and 2027, an amount equal to the entire power generating capacity of China today, according to the report. Policy and market reforms in China, the United States and India are also driving the growth in renewable power. China is expected to account for almost half of new global renewable power capacity added between 2022 and 2027, according to the IEA report. “Together, wind and solar will account for over 90% of the renewable power capacity that is added over the next five years,” the IEA said.

☆ How private-equity firms, rich with investors' cash, plan to capitalize on a souring economy
▼ + stars: | 2022-11-16 | by ( Casey Sullivan | Rebecca Ungarino | ) www.businessinsider.com time to read: +9 min

The ultimate winners from the economic downturn may turn out to be private-equity firms. At the same time, private-equity firms are seeing fewer exits and fundraising is slowing. That's the private-equity industry, according to interviews with corporate advisors and a review of earnings transcripts. Regardless of the challenges, however, one positive note for the largest private-equity firms is that they are more diversified today. These relationships are better insulating private-equity firms from economic cycles, she added.

☆ The four-day workweek is new standard for 40% of companies, EY survey finds
▼ + stars: | 2022-11-16 | by ( Rohan Goswami | ) www.cnbc.com time to read: +3 min

A third of surveyed executives plan to implement or extend their childcare options for employees. The EY survey found that surveyed companies have begun to invest in in-office amenities to boost return-to-office rates and employee retention. According to the EY survey, however, only a third of surveyed executives plan to reduce investment in commercial real estate. Over half of those surveyed plan to improve or expand their existing portfolios. Elon Musk, on the other hand, shows no sign of following the executives EY surveyed.

☆ Buffett's Berkshire loses money as stocks, Hurricane Ian offset rising demand
▼ + stars: | 2022-11-05 | by ( Jonathan Stempel | ) www.reuters.com time to read: +5 min

Nov 5 (Reuters) - Warren Buffett's Berkshire Hathaway Inc (BRKa.N) on Saturday posted a $2.69 billion third-quarter loss as rising inflation, falling stock investments and a big loss from Hurricane Ian offset improvement in many of the conglomerate's businesses. Berkshire also bought back more of its own stock but was cautious, repurchasing $1.05 billion, similar to the second quarter. Berkshire also said rising costs from fuel and accidents hurt respective results at two of its best-known businesses, the BNSF railroad and Geico auto insurer. Results included $10.45 billion of losses from investments and derivatives, as the stock prices of many large Berkshire investments other than Apple Inc (AAPL.O) fell. Results improved despite a $2.7 billion after-tax loss from Ian, a strong Category 4 hurricane that slammed into Florida on Sept. 28.

☆ Buffett's Berkshire loses money as stocks, Hurricane Ian offset higher demand
▼ + stars: | 2022-11-05 | by ( Jonathan Stempel | ) www.reuters.com time to read: +4 min

Nov 5 (Reuters) - Warren Buffett's Berkshire Hathaway Inc (BRKa.N) on Saturday posted a $2.69 billion third-quarter loss as rising inflation, falling stock investments and a big loss from Hurricane Ian offset improvement in many of the conglomerate's businesses. It also bought back more of its own stock but was cautious, repurchasing $1.05 billion, similar to the second quarter. It also said rising costs hurt results at two of its best-known businesses, the BNSF railroad and Geico auto insurer. That helped offset a $2.7 billion after-tax loss from Ian, a strong Category 4 hurricane that slammed into Florida on Sept. 28. Net results included $10.45 billion of losses from investments and derivatives, as the stock prices of many large Berkshire investments other than Apple Inc (AAPL.O) fell.

☆ Berkshire Hathaway posts quarterly loss as stocks, Hurricane Ian weigh
▼ + stars: | 2022-11-05 | by ( ) www.reuters.com time to read: +3 min

Nov 5 (Reuters) - Warren Buffett's Berkshire Hathaway Inc (BRKa.N) on Saturday posted a third-quarter loss, as falling stock investments and a big loss from Hurricane Ian offset improvement in many of its industrial businesses. Berkshire posted a quarterly net loss of $2.69 billion, or $1,832 per Class A share, compared with a profit of $10.34 billion, or $6,882 per share, a year earlier. Geico, meanwhile, suffered its fifth straight quarterly underwriting loss, reflecting "significant cost inflation" from damages claims, used car prices and shortages of car parts. Net results included $10.45 billion of losses from investments and derivatives, as the stock prices of many large Berkshire investments fell. This causes large quarterly swings in results that Buffett says are usually meaningless.

Those returns would come from "great trading opportunities", including placing long and short bets on Chinese equities, said Man Group CEO Luke Ellis, without giving any details. "I think the alpha opportunities in China are very attractive," Ellis told Reuters on Thursday, referring to the potential to generate returns that are higher than market benchmark gains. "We've been able to generate good alpha in the Chinese market. With China gradually opening up its markets to foreign investors, Ellis sees the potential for Man Group to expand its operations in that country when it relaxes its stringent COVID-induced border controls. Man Group launched a Chinese domestic private fund unit in 2017 that currently runs one fund with a macro strategy.

☆ U.S. railroad operators' volume woes to continue next year
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +3 min

Oct 19 (Reuters) - Volume woes at U.S. railroad operators are set to spill into next year as labor shortages continue to hurt the sector that is critical in connecting consumers with businesses and finished goods, according to analysts. The North America railroad industry has also been under scrutiny for working conditions. Railroad operators have tried to increase staffing levels, partly under pressure from U.S. regulator Surface Transportation Board, but have found it tough to recruit amid labor shortages. WALL STREET SENTIMENT** The current average analyst rating on Union Pacific shares is "buy", with 15 analysts rating it "hold", and 16 "buy" or higher. ** The current average analyst rating on Canadian National shares is "hold", with 18 rating it "hold", and six "buy" or higher.

☆ S.Korea to scrap taxes for foreigners' income from bonds - minister
▼ + stars: | 2022-10-16 | by ( ) www.reuters.com time to read: +1 min

SEOUL, Oct 16 (Reuters) - South Korea's finance minister said the government will scrap taxes on foreigners' income from investments in treasury bonds and monetary stabilization bonds from Monday. Speaking to reporters late on Saturday in the United States after a meeting of Group of 20 finance ministers and central bankers, Choo Kyung-ho said the government decided to bring forward the timing of the planned tax removal from 2023 to next week to boost capital inflows into the local bond market. FTSE Russell, a global index provider, said on Sept. 30 it had added South Korea to a list for possible inclusion in its World Government Bond Index (WGBI). "We were included in the WGBI watchlist at the end of September but were thinking there is a need to make a quick move to attract more foreign investment into our treasury bond market," Choo said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Cynthia Kim; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

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