02 May

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Buffett and Munger heap criticism on Robinhood for casino-like atmosphere By Reuters

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By Jonathan Stempel and John McCrank (Reuters) - Warren Buffett on Saturday likened the millions of inexperienced day traders who entered the stock market in the past year to gamblers, and said commission-free brokerages such as Robinhood Financial for promoted a casino-like atmosphere. Speaking at Berkshire Hathaway (NYSE:BRKa) Inc's annual meeting, Buffett said Robinhood has attracted, "maybe set out to attract," a large number of people who are just gambling on short-term price movements in stocks such as Apple Inc (NASDAQ:AAPL). "There is nothing illegal to it, there's nothing immoral, but I don't think you build...

02 May

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Britain’s Princess Charlotte to celebrate sixth birthday By Reuters

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LONDON (Reuters) - Britain's royal family released a photograph on Saturday of a smiling Princess Charlotte, one of Queen Elizabeth's great-grandchildren, the day before the princess celebrates her sixth birthday. Charlotte is fourth in line to the British throne and is the only daughter of Prince William, Elizabeth's grandson, and his wife Kate, Duchess of Cambridge. In the picture Charlotte is shown wearing a blue dress with a pink floral pattern and pink buttons, and she stands with her arms stretched out and her hair falling over her shoulders, smiling at the camera. The...

02 May

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Lufthansa offers more than 100 holiday destinations this summer By Reuters

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FRANKFURT (Reuters) - German carrier Lufthansa and budget unit Eurowings aim to offer flights to more than 100 holiday destinations, Chief Executive Carsten Spohr told Bild am Sonntag. "This is an absolute record in the group's history," he was quoted as saying while also demanding that passengers who have received vaccine shots should face fewer restrictions. "Some countries are opening their borders for vaccinated individuals. We expect more will join," Spohr said. "We therefore need international, digital proof of vaccinations and tests to finally replace hardly controllable quarantine measures." The travel industry has suffered many false...

02 May

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Berkshire Hathaway B Earnings, Revenue beat in Q1 By Investing.com

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Berkshire Hathaway B (NYSE:BRKb) reported on Saturday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. Berkshire Hathaway (NYSE:BRKa) B announced earnings per share of $5.09 on revenue of $64.60B. Analysts polled by Investing.com anticipated EPS of $2.55 on revenue of $63.41B. Berkshire Hathaway B shares are up 18% from the beginning of the year and are trading at $274.90 , down-from-52-week-high.They are outperforming the S&P 500 which is up 11.32% from the start of the year. Berkshire Hathaway B shares lost 0.02% in after-hours trade the report. Berkshire...

01 May

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Warren Buffett touts U.S. economy’s unexpected strength as Berkshire rebounds By Reuters

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By Jonathan Stempel and John McCrank (Reuters) - Warren Buffett said on Saturday that the U.S. economy is faring far better than he might have predicted early in the coronavirus pandemic and that the improvement is benefiting his conglomerate, Berkshire Hathaway Inc . (NYSE:BRKa) Speaking at Berkshire's annual meeting, Buffett said the economy has been "resurrected in an extraordinarily effective way" by monetary stimulus from the Federal Reserve and fiscal stimulus from the U.S. Congress. "It did the job," Buffett said, adding that 85% of the economy is running in "super high gear." The...

01 May

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Nine arrested in London protests against greater police powers By Reuters

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By Ben Makori and Toby Melville LONDON (Reuters) - Police arrested nine people who took part in protests in London on Saturday demanding that the government reverse planned legislation that would increase police powers. More than 1,000 people marched through central London and chanted "Kill the Bill" outside government buildings, as well as dancing to music played from a bus. A police statement said nine people had been arrested and officers were "continuing to engage" with protesters who had gathered in a park in south London after the march. Similar protests took place in other...

01 May

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UK reports 7 new COVID deaths, 1,907 infections By Reuters

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LONDON (Reuters) - Britain reported seven new coronavirus deaths and a further 1,907 infections on Saturday, taking the total number of deaths recorded within 28 days of a positive COVID-19 test to 127,524, according to daily government figures. The number of people who have received at least one dose of a COVID vaccine rose to 34.346 million from 34.216 million reported the day before. The number of new infections in the past week is 10.9% lower than the week before at 15,360. ...

01 May

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Berkshire operating profit rises, buys back more stock By Reuters

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(Reuters) - Warren Buffett's Berkshire Hathaway (NYSE:BRKa) Inc on Saturday said first-quarter operating profit rose 20%, and that it extended its recent aggressive stock repurchases by buying back $6.6 billion of its own stock. Operating profit increased to $7.02 billion, from $5.87 billion a year earlier. Berkshire also reported net income of $11.71 billion, or $7,638 per Class A share, compared with a net loss of $49.75 billion, or $30,653 per share, a year earlier. ...

01 May

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Volkswagen expects chip supply to remain tight in coming months By Reuters

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FRANKFURT (Reuters) - Volkswagen (DE:VOWG_p) expects semiconductor supplies to the car sector to remain tight in coming months, the head of the carmaker's namesake brand was quoted as saying on Saturday. "I think the situation will remain tense," Ralf Brandstaetter, CEO of the Volkswagen brand and member of the carmaker's management board, told German news agency dpa. He said a fire at a factory operated by automotive chip maker Renesas Electronics Corp, as well as snowstorms in Texas that have hurt factory production, had effectively idled output. "The impact will certainly be felt in the coming...

01 May

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Britain’s NHS Test and Trace reducing size of contact tracing workforce By Reuters

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By Kanishka Singh (Reuters) - Britain's NHS (National Health Service) Test and Trace system is reducing the size of its contact tracing workforce after a decline in coronavirus cases in the country. "Just as we increased numbers working in the trace service over the winter, we are now responding to the reduction in case numbers we've seen this spring", a spokeswoman for the Department for Health and Social Care said in an emailed statement on Friday. "We are continuing to respond to changes in demand and reflect staff numbers accordingly", the statement added. The statement did not specify by how much...

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News

Buffett and Munger heap criticism on Robinhood for casino-like atmosphere By Reuters

Britain’s Princess Charlotte to celebrate sixth birthday By Reuters

Lufthansa offers more than 100 holiday destinations this summer By Reuters

Berkshire Hathaway B Earnings, Revenue beat in Q1 By Investing.com

Warren Buffett touts U.S. economy’s unexpected strength as Berkshire rebounds By Reuters

Nine arrested in London protests against greater police powers By Reuters

UK reports 7 new COVID deaths, 1,907 infections By Reuters

Berkshire operating profit rises, buys back more stock By Reuters

Volkswagen expects chip supply to remain tight in coming months By Reuters

Britain’s NHS Test and Trace reducing size of contact tracing workforce By Reuters

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