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Berkshire operating profit grew even larger this quarter hitting record-high earnings
Berkshire Hathaway Inc. operating earnings has hit a record high in the third quarter, climbing 14% to $7.86 from $6.88 billion since last year, fuelled in part by gains from its infrastructure businesses such as rail, energy and utilities – including BNSF railroad which added $1.466 billion net income during the quarter. $467 million in gains also came from Kraft Heinz shares that impressed after two flat quarters.
Why billion dollar unicorns are becoming even rarer
2019 is the Year of the Unicorn IPO. You might have seen this phrase thrown around a lot, but what does it actually mean? And why are they becoming even rarer in the US market?
What moving to the cloud means for data storage
Smart technologies have become central to our day-to-day operations. Cloud-based applications have been growing at full speed, and are a part of daily life: personal, business, Internet of Things (IoT) and living in a smart city. Within the next two years, approximately 95% of data centre traffic will come from the cloud, or rather the data servers that host the cloud.
Iron ore industry report: October 2019
2019 has been an eventful year for the iron ore industry. At the start of the year, iron ore was priced at around $75 USD per tonne but following the Vale disaster in Brazil in January, the market experienced a supply squeeze, pushing prices up to $120 by July. For the first time in 5 years, the price surpassed $100.
Innovation versus profit – do we need a shift in model?
Stock markets and tech have a notoriously tricky relationship. Everyone wants to invest, but tech startups often avoid going public.Tech companies are hellbent on the long term, but the stock market errs on the side of volatility. Traditionally, investors put immediate profits above long term growth.
Beauty is in the eye of the investor!
Insync invested into Estēe Lauder 3 years ago. Why did we, how is this investment progressing and what are its prospects? To begin, Estēe Lauder meets Insync’s 3 key criteria;
How to diversify your investment portfolio by heading overseas
This year, the ASX average value grew by 14.2% to a massive $AUD18.29 billion, as close to 3.14 million transactions occurred within the company. However, this positive growth in the investment market is yet to be correctly reflected in the Australian economy, as the GDP has struggled to increase by less than 2% in the past 12 months.
Could Barcelona be the first carless smart city?
When thinking of smart cities, a few devices may come to your mind; such as trash cans that tell you when they’re full, smart traffic systems that can divert traffic based on technology, and sensors that can predict which signs need to be turned on.
How WeWork collapsed under false valuation
When WeWork launched, it was the antidote to the supposed poison of the open plan working era. WeWork is a coworking space made fancy. You know the kind: various concoctions running on tap, Instagrammable interior design, and the feeling that your favourite celebrity could walk through the door at any minute.
Battling city congestion: Uber and Smart Cities
Whilst Uber is continuing to lose money quarter after quarter, it may be holding a ‘get out of jail free’ card very close to its chest.
70% of citizens in the Philippines are unbanked but this company has a solution
The earliest version of the internet was born in the late 1960s but wouldn’t take off for many years – then it exploded. It may have just been a curiosity at first, but nothing has arguably been more disruptive and life-changing in the course of the past twenty years. Naturally, it rode a wave of other rapidly developing technologies, such as the mobile phone, then the smartphone, personal computers and tablets.
How to make money in a bull market
For many investors, trading in a bull market can be seen as an ideal position, as there is the opportunity to buy stocks early and then sell them at a profit when they peak. However, trading in a bull market is not always as straightforward as it may sound and there is no one-size-fits-all strategy.
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