(Bloomberg) — Two of the most recognizable names in U.S. manufacturing are signaling more pain lies ahead for the global economy.Caterpillar Inc. predicted Friday that its 2020 profit will trail analysts’ estimates, while U.S. Steel Corp. reported the worst loss in almost three years and expects similar results this quarter.That’s a blow to markets already reeling from the worsening outbreak of the deadly coronavirus, a factory slump and major cutbacks in corporate spending. It shows how the troubles plaguing the world economy may go deeper than the trade tensions that had dented sentiment through much of last year.“We expect continued …read more […]
Berkshire Hathaway (NYSE: BRK-B) announced the sale of its newspaper business to Lee Enterprises (NYSE: LEE) this week for $140 million.
Warren Buffett’s firm has owned The Buffalo News since the late 1970s. In the early 2010s, it bought nearly 30 papers for $344 million.
In his 2012 letter to shareholders, Buffett expressed optimism about the importance of local news and prospects for the newspaper business. “I believe these papers will meet or exceed our economic test for acquisitions,” he wrote.
This week’s sale suggests the economics of the news business are too hard for even the world’s greatest investor.
To be honest, the …read more […]
The perfect speculation.
Is there such a thing?
But the latest pick in The War Room, a stock pick I might add, may come as close as you can get.
The name of this company must remain private, since War Room members are currently in the play. So I’ll refer to this company as “stock X.”
Let me set it up for you…
A speculation is a situation where you risk a little bit in hopes of making a lot. You look for a situation that has a ton of things going for it…
If those things come to pass, even if it’s one or …read more […]