Warren Buffett’s Berkshire Hathaway sold Kirby after 35 years. The vacuum-cleaner company generated 5% of Berkshire’s profits at one point

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• Warren Buffett's Berkshire Hathaway could bag a 60% profit when Paytm goes public Warren Buffett. Bill Pugliano/Getty Warren Buffett's Berkshire Hathaway could make a 60% profit when Paytm goes public. The investor's company owns 2.8% of the digital-payments startup, Paytm's draft IPO filing shows. Berkshire, Alibaba, Ant Financial, and SoftBank have all agreed to sell some shares in Paytm's IPO. See more stories on Insider's business page. Warren Buffett's Berkshire Hathaway stands to make a 60% profit on its Paytm shares if the Indian digital-payments group goes public this year as planned. Paytm's…
• Lumber prices are on a roller coaster. They might remind Warren Buffett of the time he doubled his money on a timber company Warren Buffett. REUTERS Lumber prices have skyrocketed and plunged in the past 18 months due to the pandemic. Warren Buffett once doubled his money with a clever bet on Arcata, a timber company. The investor pocketed $22 million after the US government settled a dispute over a redwood forest. See more stories on Insider's business page. The pandemic has had a dramatic impact on lumber prices, dragging futures below $300 per thousand board feet in April 2020, then lifting them…
• Ownership worries stoke cold war with China The ownership and backing of a company is increasingly important, says John Finney of UK space startup Isotropic Systems The recent buyout of Newport Wafer Fab by a Chinese owned company highlights the risks of the global electronics business, says a UK space startup. “The bottom line is there is a cold war, what does that mean, it means pick a side. We have a healthy sense of paranoia,” said John Finney, CEO and founder of Isotropic Systems in Reading…
• ‘It’s difficult to deal with’: Tom Kerridge facing staff shortages and forced to close one of his businesses amid Covid-19 test and trace ‘pingdemic’ Everything you can do from today as Freedom Day arrives after 16 months Nightclubs throw open their doors at midnight for first time in 16 months Katie Hopkins masks up at the airport as she is deported from Australia‘It is one of situations that we’re all trying to deal with and understand and get on with.’ He also weighed in on the announcement that you will need To view this video please enable JavaScript, and consider upgrading to a web…
• Pilar Bardem, actress and mother of Javier Bardem, dies at 82 Javier Bardem’s mum, actress Pilar Bardem, has died (Picture: Getty)Actress Pilar Bardem, mother of actors Javier, Mónica and Carlos Bardem, has died aged 82, her son Carlos has said. In a statement shared on Twitter in Spanish, he said: ‘We want to share the news that Pilar Bardem, our mother, our example, has died. ‘She departed in peace and without suffering, surrounded by the love of her family. We know the love and admiration many felt for her, both in…
• 3 takeaways from RSL’s road loss against LAFC Los Angeles FC forward Carlos Vela, second from right, celebrates his goal with defender Marco Farfan, right, during the second half of a Major League Soccer match against Real Salt Lake Saturday, July 17, 2021, in Los Angeles. LAFC won 2-1. | Mark J. Terrill, Associated PressA late goal from Carlos Vela was enough for LAFC to fend off visiting Real Salt Lake in Los Angeles Two weeks after suffering defeat at Rio Tinto by The Black and Gold of…
• An American father and son will serve prison time for helping ex-Nissan chief Carlos Ghosn in his dramatic escape from Japan in a box Former Nissan chairman Carlos Ghosn faces charges of financial misconduct in Japan JOSEPH EID/AFP via Getty Images Two Americans will serve prison time for helping ex-Nissan boss Carlos Ghosn flee Japan in 2019. Michael and Peter Taylor admitted to assisting Ghosn's escape to Lebanon in a metal box. Ghosn was on bail and facing trial in Japan on charges of financial misconduct. See more stories on Insider's business page. A Japanese court sentenced an American father and son to prison…
• Understanding buy-and-hold investing - a long-term strategy that Warren Buffett swears by Some investors say that buy-and-hold investing is the best way to manage risk. Delmaine Donson/Getty Buy-and-hold is a long-term investment strategy that involves purchasing securities and keeping them in your portfolio for a long period of time. Some investors say that buy-and-hold investing is the best way to manage risk and work toward long-term financial goals. Opponents argue that you could get better results with a hands-on approach to your portfolio. However, historic results typically favor a passive investment plan.…
• The average Brit plans to invest almost 20% more each month after the pandemic, extending the retail trading boom, survey finds In addition to executing orders, brokers also provide a range of educational resources and investing advice. JGalione/Getty The average Brit plans to spend 19% more each month on investing post-pandemic, a Barclays Smart Investor survey says. Half of those surveyed said they will cut back on other spending to fuel their lockdown investing habits. On Monday, trading app Robinhood said it had recorded lower trading levels between March and June. Sign up here for our daily newsletter, 10 Things Before…
• Carlos Rodon stymies Astros as White Sox move 20 games above .500 Carlos Rodon delivers during the first inning of Sunday’s game. | GettyTim Anderson and Yoan Moncada homered to help the Sox win 4-0 and reach a point they haven’t seen since Aug. 26, 2008. Carlos Rodon keeps rising to new heights. So do the White Sox. In his first start following the all-star break, Rodon struck out 10 over seven scoreless innings to lead the Sox to a 4-0 win Sunday over the Astros. After losing their first five this…