Singapore markets closed

  • Straits Times Index

    3,238.31
    +25.67 (+0.80%)
     

  • S&P 500

    3,970.99
    +22.27 (+0.56%)
     

  • Dow

    32,237.53
    +132.33 (+0.41%)
     

  • Nasdaq

    11,823.96
    +36.56 (+0.31%)
     

  • Bitcoin USD

    27,850.60
    +162.25 (+0.59%)
     

  • CMC Crypto 200

    605.53
    -12.86 (-2.08%)
     

  • FTSE 100

    7,451.83
    +46.38 (+0.63%)
     

  • Gold

    1,969.90
    -13.90 (-0.70%)
     

  • Crude Oil

    69.57
    +0.31 (+0.45%)
     

  • 10-Yr Bond

    3.3800
    0.0000 (0.00%)
     

  • Nikkei

    27,476.87
    +91.62 (+0.33%)
     

  • Hang Seng

    19,567.69
    -347.99 (-1.75%)
     

  • FTSE Bursa Malaysia

    1,398.64
    -1.06 (-0.08%)
     

  • Jakarta Composite Index

    6,708.93
    -53.32 (-0.79%)
     

  • PSE Index

    6,595.03
    -7.14 (-0.11%)
     

So Far So Good for One of Warren Buffett's New Stocks

Bram Berkowitz, The Motley Fool
·4-min read
So Far So Good for One of Warren Buffett's New Stocks

Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), the large conglomerate run by legendary investor Warren Buffett, opened a new stake in the large digital consumer bank Ally Financial (NYSE: ALLY) in the first quarter of 2022. Berkshire then followed that up with an even larger purchase of Ally in the second quarter of 2022. Ally has been a hotly debated stock, with many concerned about how its retail auto loan portfolio might perform as used car prices start to normalize after exploding due to the chip shortage caused by the pandemic.

Continue reading

Latest stories