Berkshire Hathaway posts $43.8 billion loss as stock holdings tumble

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor during Berkshire Hathaway Inc’s annual shareholders meeting in Omaha, Nebraska, U.S., on 4 May 2019. REUTERS/Scott Morgan//File Photo Join now for FREE unlimited access to Reuters.com Register Aug 6 (Reuters) – Falling U.S. stock prices punished … Read more

FAANGs aren’t what they used to be, so beware of bear market bounce, says this hedge fund manager

It was a rally. The S&P 500 SPX starts the week at a seven-week high, buoyed by hopes for a less hawkish Fed and a sense that earnings pessimism has been overdone. The benchmark stock index is up 12.6% from a recent low reached in mid-June, after posting its best performance in July since 1939, … Read more