Buffett’s company, Berkshire Hathaway, once again sounded the alarm on tariffs in Berkshire’s second-quarter earnings report. Warren Buffett’s Berkshire Hathaway (BRK.A -0.40%) (BRK.B 0.83%) reported its second-quarter earnings results on Aug. 2. Buffett will be stepping down as the company’s CEO in a little under five months, and investors are likely paying close attention to the last reports with him …
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Does President Donald Trump’s Tariff and Trade Policy Have America on a Collision Course With Stagflation?
The groundwork for the Federal Reserve’s worst-case scenario appears to be unfolding. At any given time, there are one or more significant market headwinds threatening to drive the benchmark S&P 500 (^GSPC 0.78%), iconic Dow Jones Industrial Average (^DJI 0.47%), and innovation-inspired Nasdaq Composite (^IXIC 0.98%) lower. For instance, the S&P 500’s Shiller Price-to-Earnings Ratio, which is based on average …
Read More »Instead of sanctions, Donald Trump announces a summit with Russia
DONALD TRUMP had billed August 8th as deadline day for Vladimir Putin: stop fighting or face crippling sanctions. But as the day wore on, it seemed the ultimatum had come and gone without event. Then, around 6pm, the White House announced there would be a summit between Mr Trump and Mr Putin on August 15th in Alaska. Volodymyr Zelensky, Ukraine’s …
Read More »Donald Trump Is Mostly a Crypto Billionaire Now, Group Says
President Donald Trump’s jaunt to Scotland, where he met the U.K. prime minister and cut a ribbon for a new Trump golf course, highlighted his love for old-money ambiance and mixing personal with official business. The traditional business ventures like golf courses that go with this lifestyle, however, now make up less than half of Trump’s wealth compared to crypto, …
Read More »Emma Thompson on Donald Trump Call, Harry Potter, Sex Joke: Locarno
Emma Thompson discussed her career, including getting a call from Donald Trump, her days doing stand-up comedy, including jokes about herpes and Margaret Thatcher, Sense and Sensibility, and the Monica Lewinsky scandal playing out during the Primary Colors shoot in Locarno, Switzerland on Saturday. She appeared in front of a huge and hugely excited crowd after on Friday evening joining …
Read More »Emma Thompson Says Donald Trump Asked Her Out on a Date
Donald Trump asked Emma Thompson on a date, the Oscar-winning actor revealed at Locarno Film Festival. “A phone rang in my trailer, and it was Donald Trump. I thought it was a joke. ‘Hi, it’s Donald Trump here,’” Thompson revealed. “I said, ‘How can I help you?’ I thought he needed directions. He said: ‘I would love for you to …
Read More »Emma Thompson On Donald Trump Stalking Her On ‘Primary Colors’ Set
Emma Thompson told an intriguing story this morning at the Locarno Film Festival, where this year she is a guest of honor, that featured what she described as a creepy encounter with the 47th President, Donald Trump. Speaking to a packed audience for a career Q&A, Thompson was asked about shooting the 1998 Mike Nichols feature Primary Colors. One day …
Read More »Donald Trump’s tariffs on Brazil are more bark than bite
When Donald Trump first announced his tariff barrage on April 2nd, it was pitched as payback against countries that had “looted” and “pillaged” the United States through trade. But when the latest round of levies came into force on August 7th, Brazil, a country which imports more from the United States than it exports to it, was hit with a …
Read More »Donald Trump Lashes Out at Republican Ditching the GOP in Late-Night Tantrum
President Donald Trump ripped into a Georgia lawmaker who changed his party affiliation from Republican to Democrat, calling him a “total loser” in a late-night social media tirade. After serving as Georgia’s lieutenant governor from 2019 to 2023 as a Republican, Geoff Duncan announced this week that he is switching parties and is now a Democrat. “Failed former Lt. Governor …
Read More »Donald Trump Orders Crackdown on Politically-Motivated ‘Debanking’
Carter termed this alleged discrimination campaign Operation Chokepoint 2.0, in reference to an Obama-era antifraud program under which US officials reportedly discouraged banks from dealing with pornography, payday lending, and other disfavored industries. On the campaign trail ahead of the 2024 presidential election, Trump adopted the terminology himself. “I’m glad the Trump administration is taking up this fight, and I …
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