Warren Buffett makes over $120 billion on Apple’s rise to $3 trillion, among his best bets ever
01/04/2022 12:25 PMThe 5% Apple stake Berkshire Hathaway acquired in 2018 for $36 billion is now worth $160 billion as the tech giant hit the $3 trillion milestone. Warren Buffett’s conglomerate has also enjoyed regular dividends from Apple, averaging about $775 million annually....
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Indonesia miners seek a solution as coal export ban rattles global sector
01/04/2022 12:17 PMIndonesian coal miners are seeking a quick resolution to a government coal export ban that is already causing fuel prices to rise and could disrupt the energy needs of some of the world’s biggest economies. The world’s biggest exporter of thermal coal on Saturday...
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Trading Desk Notes For January 1, 2022
01/04/2022 11:28 AMHere’s what I really think We’ve had an extraordinary run of bullish enthusiasm since the March 2020 Covid panic lows. The S+P has rallied ~120%. A tidal wave of new money has come into the equity markets, with more than half of that going into passive index-linked...
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Business confidence in B.C. takes big fall in December
01/04/2022 10:58 AMShort-term business confidence tumbled in December as the Omicron spread intensified globally and wage pressures remained elevated. According to the latest CFIB Business Barometer reading, the 3-month outlook for Canadian small business retreated 4.5 points to 45.1...
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Federal Officials Concerned About Bank Of Canada Adopting Cryptocurrency
01/04/2022 10:27 AMInternal government documents show that federal officials are concerned about the economic impact that would result if the Bank of Canada develops its own cryptocurrency. The Bank of Canada has spent years studying the feasibility of developing a digital currency or...
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A Big Thank You to Finish off 2021
01/03/2022 11:22 AMI want to thank the 309 MoneyTalks listeners who supported Special Olympics. I’m talking about the people who donated auction items and participated in the Special O golf tournament. And those who not only took great delight in seeing both Ozzie and me dive in at the...
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Omicron might be milder because it has a less effective way of attacking lung cells, studies say
12/31/2021 11:25 AMThe Omicron coronavirus variant might be less severe in humans because it attacks human lung cells in a different way, according to two laboratory studies published recently. A group of 31 scientists from different universities collaborated on the project for the...
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Year-End Shocking Stat and Goofy Award
12/30/2021 12:38 PMShocking Stat Please pay attention - this new government tax increase impacts every worker in the country and kicks in January 1st. But no one is hit harder than the self employed and small business owners. Last Goofy of the Year Some call Canada timid, soft or worse....
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Quotes of the Year
12/30/2021 12:09 PMLots of choices for the Quote of the Year - so why not choose 5 worthy winners. One each from politics, finance, COVID, geo politics and the...
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Mike’s Year-End Comment
12/30/2021 12:03 PMMike weighs in on what he calls the easiest forecast for 2022. Forget what Stats Can or the government says - 2022 will be more expensive for every single one of...
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