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Wednesday, November 15, 2023

Nov 15, 2023 - Warren Buffett's Berkshire Hathaway Sheds Investments in GM, J&J and P&G

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TradeBriefs Editorial

From the Editor's Desk

Everything You (Dont) Want to Know About Raising Capital

Most entrepreneurs understand that if the fundamentals of a business idea—the management team, the market opportunities, the operating systems and controls—are sound, chances are there’s money out there. The challenge of landing that capital to grow a company can be exhilarating. But as exciting as the money search may be, it is equally threatening. Built into the process are certain harsh realities that can seriously damage a business. Entrepreneurs cannot escape them but, by knowing what they are, can at least prepare for them.

Continued here


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Warren Buffett’s Berkshire Hathaway Sheds Investments in GM, J&J and P&G    
Warren Buffett’s Berkshire Hathaway Sheds Investments in GM, J&J and P&G
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Mike Johnson Says Americans 'Misunderstand' Separation Of Church And State    
Mike Johnson Says Americans 'Misunderstand' Separation Of Church And State
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UK inflation drops sharply to 4.6% as energy prices fall    
UK inflation drops sharply to 4.6% as energy prices fall
A comparison with other leading economies showed that UK inflation remained one of the highest. In the US, the CPI declined from 3.7% to 3.2% in October, while in France it fell to 4.5% and Germany to 3%.


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'No ceasefire!': tens of thousands march for Israel in Washington DC    
'No ceasefire!': tens of thousands march for Israel in Washington DC
"Let me be clear: Israel has an absolute right to defend itself against Hamas terror," he said, echoing the line of the Biden administration. "We must stand with Israel in its efforts to decisively defeat Hamas and make sure that this brutal terror organisation will never rise again."




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Landlord Charged With Murder in Stabbing Deaths of Three in Queens    
Landlord Charged With Murder in Stabbing Deaths of Three in Queens
“It hurts to see something like that, especially so close,” Mr. Felder said. He added that he was “glad it was an isolated event, but at the same time, you never want anything like that to happen.”


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Trump Can Stay On Michigan Ballot As Judge Rejects Insurrection Argument    
Trump Can Stay On Michigan Ballot As Judge Rejects Insurrection Argument
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Dem Lawmaker Schools Marjorie Taylor Greene In Takedown For The Ages    
Dem Lawmaker Schools Marjorie Taylor Greene In Takedown For The Ages
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Fani Willis Seeks Protective Order Following Leaked Witness Videos In Trump Case    
Fani Willis Seeks Protective Order Following Leaked Witness Videos In Trump Case
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Stephen Colbert Sums Up Trump With 5 Brutal Words    
Stephen Colbert Sums Up Trump With 5 Brutal Words
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Seth Meyers Sends GOP Debate Into Filthiest Place    
Seth Meyers Sends GOP Debate Into Filthiest Place
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Jimmy Kimmel Has Wild Theory About Melania Trump's Strange White House Demand    
Jimmy Kimmel Has Wild Theory About Melania Trump's Strange White House Demand
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'Daily Show' Guest Host Leslie Jones Names 3 U.S. Senators She'd Fight For Real    
'Daily Show' Guest Host Leslie Jones Names 3 U.S. Senators She'd Fight For Real
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Former George Santos Campaign Aide Pleads Guilty To Fraud Charge    
Former George Santos Campaign Aide Pleads Guilty To Fraud Charge
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Glen Powell Gives Cryptic Reply When Asked About Sydney Sweeney 'Affair'    
Glen Powell Gives Cryptic Reply When Asked About Sydney Sweeney 'Affair'
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'Survival feels uncertain': Palestinians in Gaza describe desperation under Israeli bombardment    
'Survival feels uncertain': Palestinians in Gaza describe desperation under Israeli bombardment
\"IDF procedures require that such shells are not used in densely populated areas, subject to certain exceptions,\" the IDF told CNBC. \"This complies and goes beyond the requirements of international law. The IDF does not use such shells for purposes of targeting or setting fire.\"


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Siemens Energy clinches state guarantees as it posts a 4.6 billion euro annual loss    
Siemens Energy clinches state guarantees as it posts a 4.6 billion euro annual loss
\"It is important to continue the growth and the guarantees will largely go to the grid business, to the other non-wind businesses to secure this enormous growth that comes with the energy transition.\"




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German housebuilding is collapsing — and could drag the economy down with it     
German housebuilding is collapsing — and could drag the economy down with it
If the crisis continues for too long, machinery and workforce capacities could be diminished, and would then be missing when the industry regains strength, Wohlrabe suggested, adding that this could then have a \"dampening effect\" overall.


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IMF says central bank digital currencies can replace cash: 'This is not the time to turn back'     
IMF says central bank digital currencies can replace cash: 'This is not the time to turn back'
\"To be sure, we need to protect personal privacy and data security, and avoid embedded biases so we don\'t perpetuate inequality but aim to reduce it. Managed prudently, AI could help,\" she added.


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Target will report earnings before the bell. Here's what to expect    
Target will report earnings before the bell. Here's what to expect
But he sounded a positive note about the key holiday season. He said the company has seen sales pop around \"seasonal moments,\" such as Halloween, Mother\'s Day and summer holidays — a dynamic that could help as Black Friday, Thanksgiving and Christmas approach.


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Biden and Xi meeting will take place at a historic country estate outside San Francisco featured in Jennifer Lopez’s 'The Wedding Planner'    
Biden and Xi meeting will take place at a historic country estate outside San Francisco featured in Jennifer Lopez’s 'The Wedding Planner'
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Maree Clarke wins $60,000 Melbourne urban sculpture prize for detailed glass renderings of nature    
Maree Clarke wins $60,000 Melbourne urban sculpture prize for detailed glass renderings of nature
In 2021 novelist, playwright and screenwriter Christos Tsiolkas was awarded the Melbourne prize for literature, and in 2022 songwriter/singer Missy Higgins was awarded the Melbourne prize for music.


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NSW forestry agency given another stop work order after EPA identifies endangered greater glider habitat    
NSW forestry agency given another stop work order after EPA identifies endangered greater glider habitat
“Forestry Corporation is committed to positive environmental outcomes and a sustainable timber industry and will sit down with the EPA to negotiate a new approach so that the community can be satisfied,” he said.


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Social casinos and online games propel poker machine giant Aristocrat to $1.3bn profit    
Social casinos and online games propel poker machine giant Aristocrat to $1.3bn profit
“This was underpinned by an exceptional gaming performance, which more than offset an extended industry-wide moderation in mobile game demand, again highlighting diversification and scale as fundamental strengths of our business.”


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Immigration detention: Labor to rush through emergency legislation after high court ruling    
Immigration detention: Labor to rush through emergency legislation after high court ruling
“The idea that it is open to the Australian government to simply legislate away a high court decision is not the way our constitution works and I hope to god [the Coalition] understands that,” O’Neil said.


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'Looks like a prison yard': parents savage Melbourne council over new playground with single swing    
'Looks like a prison yard': parents savage Melbourne council over new playground with single swing
"As a kid, if I ever went to a playground, I would have wanted to climb on something or at least have a slide. A single swing, and a couple of metal bars, are zero entertainment. It just doesn't look like somewhere fun for kids to play."


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Acting Spanish PM on verge of second term after controversial Catalan amnesty deal    
Acting Spanish PM on verge of second term after controversial Catalan amnesty deal
"I ask them to be brave and to say no to the bear-hug of the far right, and to abandon the reactionary path that they're currently following towards the abyss. We will govern for all Spaniards - for four more years of social progress and coexistence."


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Chelsea FC face new questions over how Roman Abramovich funded success    
Chelsea FC face new questions over how Roman Abramovich funded success
Representatives of Roman Abramovich did not return requests for comment. Lawyers for Suleiman Kerimov did not return requests for comment. A request for comment from Bertrand and David Traoré, sent via Aston Villa FC, went unanswered. A request for comment to Top Sports Consulting, whose director is Zoran Lemić, went unanswered.


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Ukrainian 'foothold' over Dnipro at Kherson as Zelenskiy says Avdiivka costly to Russian war effort    
Ukrainian 'foothold' over Dnipro at Kherson as Zelenskiy says Avdiivka costly to Russian war effort
In a highly unusual incident on Monday, two Russian state news agencies published alerts saying Moscow was moving troops to "more favourable positions" east of the Dnipro river, only to withdraw the information minutes later. Russia has sometimes used similar phrasing about moving troops to more advantageous positions to describe retreats.


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Wednesday briefing: Why Israeli forces are raiding Gaza's biggest hospital    
Wednesday briefing: Why Israeli forces are raiding Gaza's biggest hospital
Sturgeons are one of the most critically endangered species in the world because of overfishing and poaching, so Köhler's extraction technique could prove to be a crucial method of preservation. "It should be a no-brainer to invest in this slaughter-free technology," she says.


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IDF says it has entered Gaza's al-Shifa hospital in 'targeted operation' against Hamas    
IDF says it has entered Gaza's al-Shifa hospital in 'targeted operation' against Hamas
The military said it placed 300 litres (79 gallons) of fuel several blocks from Shifa, but Hamas militants prevented staff from reaching it. The health ministry disputed that, saying Israel refused its request that the Red Crescent bring them the fuel rather than staff venturing out for it. The fuel would have provided less than an hour of electricity, it said.


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Rishi Sunak declares victory on inflation pledge after CPI tumbles to 4.6% in October - business live    
Rishi Sunak declares victory on inflation pledge after CPI tumbles to 4.6% in October - business live
Chancellor Jeremy Hunt must decide whether to stick with the pensions triple lock, which would mean raising pension payments by 8.5% (the average rise in total earnings in May-July). However, Hunt could potentially the figure for basic pay (ex bonuses), which rose by 7.8%, instead.


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Inflation calculator: find out how much UK household price rises affect you    
Inflation calculator: find out how much UK household price rises affect you
Note: the ONS calculator uses the CPIH measure of inflation, which includes housing costs for those who own their home. It is based on the current inflation rate and does not include the latest energy price cap rise, which comes into effect in October.


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Archaeologists uncover colourful walls and fireplaces of London workhouse    
Archaeologists uncover colourful walls and fireplaces of London workhouse
Litvack said: “It’s ironic, but heartening nevertheless, that a location where such abuses took place is being transformed into a modern new eye care centre, which will, we trust, look after those it treats better than was the case over 160 years ago.”


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David Cameron urged to disclose the jobs he gave up to make cabinet return    
David Cameron urged to disclose the jobs he gave up to make cabinet return
Cameron swerved questions about his role at Greensill on Monday, telling reporters: “All those things were dealt with by the Treasury select committee and other inquiries at the time, and as far as I’m concerned they have been all dealt with and in the past.”


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Fewer children in England having teeth out since sugar tax began, study finds    
Fewer children in England having teeth out since sugar tax began, study finds
David Fothergill, the chair of the Local Government Association’s community wellbeing board, said the findings were positive but he urged ministers to let councils decide for themselves what public health and anti-obesity schemes the £355m a year proceeds from the sugar tax should be used for.


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US army overturns 1917 convictions of 110 Black soldiers charged with mutiny    
US army overturns 1917 convictions of 110 Black soldiers charged with mutiny
According to the army’s statement, the first executions happened secretly a day after sentencing. It led to immediate regulatory changes prohibiting future executions without review by the war department and the president.


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US House passes bill to avert government shutdown    
US House passes bill to avert government shutdown
The White House was initially critical of the plan when it was unveiled over the weekend. But speaking to reporters on Tuesday, Schumer said he had consulted with the White House and was confident the president shared his view that if Johnson’s plan “can avoid a shutdown it will be a good thing”.




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