Taking the generous way out, former FBI Director James Comey sent a farewell letter on Wednesday to friends and agents, in which he notes he does not bear a grudge and notes that "a President can fire an FBI Director for any reason, or for no reason at all" and adds that "I'm not going to spend time on the decision or the way it was executed. I hope you won't either. It is done, and I will be fine, although I will miss you and the mission deeply."
I was supposed to give a presentation at the GuruFocus conference in Omaha, a day before Berkshire Hathaway annual meeting. I was more nervous than usual. I agreed to give this presentation because I wanted to push myself to explore a brand new topic. I wanted to zero in on the investment process. GuruFocus seemed to have the right audience for this topic.
After admitting defeat on IBM earlier, Berkshire Hathaway reported Q1 operating earnings of $2,163 (against consensus expectations of $2705, and below the lowest analyst estimate).
The stock is limping lower after hours...
This is the weakest quarterly EPS since Q2 2015...
Moments from now Federal Reserve Chair Janet Yellen will deliver a speech at Brown University as part of the "125 Years of Women at Brown Conference." While the purpose of the conference is to "celebrate the role of women at Brown over the last 125 years"....
Women who have played a critical role in shaping Brown on and off campus will be celebrated early May. The 125 Years of Women at Brown Conference will bring around 700 alums back to campus May 5 and 6 for a series of lectures, panels and events.
Continuing Jobless Claims plunged to 1.962mm last week - the lowest since April 2000
(right before the Nasdaq started to collapse and the US fell into recession).
While ISM surveys show employment tumbling (and ADP was weak)...
initial jobless claims for the last week also collapsed back near its lowest levels since 1973.
"Full employment?"