Projected a 80-point gain Monday morning as markets reacted to Warren Buffett's comments during Berkshire Hathaway's annual shareholder meeting over the weekend in Omaha, Nebraska.
According to Buffett, Berkshire is currently holding $100 billion in cash thanks to returns on roughly $14 billion of investments made in the first quarter of 2018.
The Dow Jones today fell over 100 points in pre-market trading as investors digested this morning's release of the April jobs report.
The U.S. added 164,000 new positions in April, falling short of the 190,000 new jobs expected by economists.
Despite this miss, unemployment fell to 3.9% - the lowest level since 2000.
Warren Buffett is not a fan of buying cryptocurrencies.
He believes that it is just another form of gambling.
Here are the harsh comments he made about the $428 billion crypto market...
The Dow Jones today projected a 100 point gain premarket hours as investors continue to assess the impact of growing trade tensions between the United States and China.
This morning's rally comes after the Dow erased a 700 point loss during Wednesday's trading session.
This was the index's largest rebound from an intraday loss in six weeks.
by Tim Melvin
There are a million reasons for investors to go and read Warren Buffett's annual letter to Berkshire Hathaway Inc. shareholders. In fact, at this point – let's face it – they're really letters to every single shareholder on Earth.
In these letters, you're absolutely guaranteed to find some of the most uncommon common sense in all of Anglo-American capitalist thought, as well as fundamentally sound arguments and insights colored by deep experience.
In other words, the "Oracle of Omaha," the stock market's friendly, shrewd, and unreasonably rich grandpa, dishes really good stuff in these letters – in plain, Nebraska-accented English, to boot.
But here's the catch: If you're going to "invest like Buffett," you absolutely, positively must be prepared to hang tough like Buffett…
…and, inevitably, you have to be ready to hemorrhage money like Buffett.
That is exactly why what the Oracle of Omaha said this year was so shocking to the uninitiated.
Turns out, sometimes the Oracle's job is to scare the living daylights out of you – go ask any ancient Greek you meet at the bar.
The Dow Jones today rose more than 200 points in pre-market trading on a report that the U.S. economy added 313,000 new jobs in February – the largest gain since July 2016. With strong growth numbers already pushing this nine-year bull market to record heights, many investors think there's little room left for it to grow.
However, we think there's plenty of value left - you just need to know where to look...
The Dow Jones today is climbing as Federal Reserve Chair Jerome Powell downplayed worries about market volatility and indicated the Fed would maintain gradual interest rate increases.
Dow futures are down 53 points after a choppy morning of trading ahead of the 8:30 AM release of testimony to Congress.
The Dow Jones today will continue its recovery from early February's correction as futures rise over 100 points this morning.
Investors looking for profits in the healthcare sector had a difficult time in 2017 if they weren't in biotech. The Health Care SPDR ETF only gained 13.15% last year, while the S&P 500 climbed 22.5% over the same time period.
But within the broader health care sector the SPDR S&P Biotech ETF returned a market-beating 43.36% in 2017, nearly double the broader S&P 500.
That's why today we'll show you the three best biotech stocks to buy for 2018.
The Dow Jones today is set to continue its push back towards record territory as investors re-enter the market after this month's correction.
