Month: February 2021

Warren Buffett warned that ‘hot’ stocks fade, joked about his age, and celebrated America in his annual letter. Here are the 10 best quotes.

Warren Buffett.


  • Warren Buffett released his yearly letter to Berkshire Hathaway shareholders.
  • The investor warned that frenzies around fad stocks eventually fade.
  • Buffett also discussed bonds, trading fees, and America’s wealth generation.
  • Visit the Business section of Insider for more stories.

Warren Buffett described how hype around “hot” stocks can evaporate, reminded stock traders that their transaction fees fill Wall Street’s coffers, and celebrated American prosperity in his annual letter on Saturday.

The famed investor and Berkshire Hathaway CEO also joked about his age, bemoaned the outlook for bond investors, and admitted to overpaying for Precision

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Covid relief bill will make health insurance more affordable for millions

Brothers91 | E+ | Getty Images

If getting health insurance through a public exchange has been too pricey for you, that could soon change.

The $1.9 trillion Covid stimulus package that’s expected to clear the House of Representatives on Friday includes several provisions that aim to make health care more affordable for households. They include: increasing premium subsidies (technically tax credits) through the federal marketplace and state exchanges for 2021 and 2022, expanding who qualifies for them and forgiving amounts due by taxpayers who received too much in subsidies in 2020 (and minimizing that issue for 2021).

While various parts

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London could lose out to New York under draft EU finance deal: document

LONDON (Reuters) – The City of London’s finance industry would be worse off than rival New York under an early draft for a cooperation agreement in financial services between Britain and the European Union, a document, seen by Reuters, showed.

FILE PHOTO: Buildings are seen in the Canary Wharf business district, as a man cycles along a path, amid the outbreak of the coronavirus disease (COVID-19), in London, Britain January 27, 2021. REUTERS/Peter Cziborra/File Photo

Britain’s financial services industry has been largely cut off from the EU, its biggest customer, since a Brexit transition period ended on Dec. 31 as

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Lions rank 4th in dead salary cap money for 2021

With free agency just around the corner, the Detroit Lions won’t have a lot of available cap room to go shopping with on the market. One of the primary reasons is an abundance of dead cap room.

Only three teams carry more dead cap value into the 2021 season than the Lions. Detroit is carrying over $20.262 million in dead cap room.

Nearly all of it is tied to the Matthew Stafford trade. The Lions ate $19 million in dead cap room on Stafford’s contract when they agreed to trade him to the Rams. Romeo Okwara costs the Lions just

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Stimulus Checks Helped Personal Income Surge in January

The American economic recovery came perilously close to falling off a cliff at the end of last year. But government aid arrived just in time to prevent a disaster — and possibly paved the way for a dynamic rebound.

Personal income surged a remarkable 10 percent in January, the Commerce Department reported on Friday. Spending increased last month, too, by a healthy 2.4 percent, largely fueled by a rise in purchases of goods.

The report was the latest sign of the economy’s slow but steady march forward after a series of setbacks.

Yet the data also underscored the extent

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News law: Australian law is hailed as ‘a big win for the news business’ with ramifications around the world

Watching Thursday’s news from Australia while it’s still Wednesday in the United States always feels like a time machine trick. And on this occasion Thursday’s news may really be a glimpse at the future for the rest of the world. Here is Laura Jayes’ breaking news report on the Murdoch-owned Sky News Australia channel on Thursday morning: “The Morrison government’s News Media Bargaining Code has just become law after unanimously passing Parliament a short time ago. It comes after the government struck an eleventh-hour deal with Facebook.”
It is a momentous occasion for both the news and tech industries. As
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