Advertisement
Singapore markets closed

  • Straits Times Index

    3,176.51
    -11.15 (-0.35%)
     

  • Nikkei

    37,068.35
    -1,011.35 (-2.66%)
     

  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     

  • FTSE 100

    7,833.98
    -43.07 (-0.55%)
     

  • Bitcoin USD

    64,666.10
    +3,010.70 (+4.88%)
     

  • CMC Crypto 200

    1,334.72
    +22.09 (+1.71%)
     

  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     

  • Dow

    37,775.38
    +22.07 (+0.06%)
     

  • Nasdaq

    15,601.50
    -81.87 (-0.52%)
     

  • Gold

    2,396.20
    -1.80 (-0.08%)
     

  • Crude Oil

    82.50
    -0.23 (-0.28%)
     

  • 10-Yr Bond

    4.6470
    0.0000 (0.00%)
     

  • FTSE Bursa Malaysia

    1,547.57
    +2.81 (+0.18%)
     

  • Jakarta Composite Index

    7,087.32
    -79.50 (-1.11%)
     

  • PSE Index

    6,443.00
    -80.19 (-1.23%)
     

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