Welcome to 10 things before the opening bell. Sign up here to get this email in your inbox every morning. Here's what you need to know before markets open. 1. The EU is deadlocked over its proposed $860 billion coronavirus rescue package, as a group of 'frugal' nations stall talks. The European Union's top leaders remain deadlocked over the size and scope of a proposed rescue deal for the bloc as it responds to the COVID-19 downturn. 2. Chevron nears $5 billion takeover of Noble Energy. Chevron is close to a deal to buy Noble Energy for about $5 billion, in what would be the largest oil-patch tie-up since the coronavirus pandemic delivered a shock to the industry, the Wall Street Journal reported on Monday. 3. A glove maker's stock has skyrocketed 1,000% since April, surpassing Tesla's gains. A Malaysian glove maker's stock has soared 1,000% in less than four months as the coronavirus pandemic continues to lift demand for protective gear. 4. Veteran strategist Ed Yardeni says US stocks are overvalued, and hints investors should 'go global' to find buying opportunities. Yardeni warned that US stocks are overvalued and could face a shock if COVID-19 cases continue to surge and ripple across the US, and tensions with China accelerate. 5. Wall Street's biggest influencer says Warren Buffett might look 'out of touch' but that's a key element of his success. Warren Buffett took cover during the coronavirus crash because he didn't know how the pandemic would play out, Wall Street's biggest influencer suggested in an interview with Business Insider this week. 6. Mortgage rates fell below 3% for the first time ever this week, but it's not smooth sailing for homebuyers. For the first time since they started being tracked in 1971, mortgage rates have fallen below 3%. 7. Disney has reportedly slashed its Facebook advertising budget amid a big-business boycott of the social media platform. Disney has slashed its advertising spend on Facebook and Instagram amid a boycott of the social-media platform led by civil-rights groups, the Wall Street Journal reports. 8. Stocks are mixed. Chinese stocks climbed around 3% on Monday, while stocks in Europe are mostly down and US futures are pointing to a slightly lower open. 9. Earnings coming in. Julius Baer and Nobia 2Q 20 earnings are coming in. 10. On the economic front. The US 6-Month and 3-Month Bill auctions are due. Join the conversation about this story » NOW WATCH: Why electric planes haven't taken off yet
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Warren Buffett's Berkshire Hathaway posts lower profits, reveals $25 billion in stock buybacks last year
Summary List Placement Warren Buffett's Berkshire Hathaway posted a 9% drop in operating earnings in 2020....Summary List Placement Warren Buffett's Berkshire Hathaway posted a 9% drop in operating earnings in 2020. The billionaire investor's company took a $10 billion writedown on Precision Castparts. Berkshire repurchased about $25 billion of its stock last year. Visit the Business section of Insider for more stories. Warren Buffett's Berkshire Hathaway suffered a 9% decline in operating earnings last year as the COVID-19 pandemic...
Warren Buffett's Berkshire Hathaway was slammed for not spending when markets crashed. It announced more than $35 billion of investments last quarter
Summary List Placement Warren Buffett's Berkshire Hathaway announced more than $35 billion of investments last quarter....Summary List Placement Warren Buffett's Berkshire Hathaway announced more than $35 billion of investments last quarter. The billionaire investor's company spent almost $18 billion on stocks, repurchased a record $9 billion of its shares, and struck about $10 billion worth of deals. Buffett and his team boosted their Bank of America holding, added Snowflake and four pharmaceutical companies to their portfolio, revealed stakes in...
Summary List Placement Warren Buffett appears to have a secret stock in his portfolio. The billionaire...Summary List Placement Warren Buffett appears to have a secret stock in his portfolio. The billionaire investor's Berkshire Hathaway conglomerate omitted "confidential information" in its quarterly portfolio update on Monday, instead filing it separately with financial regulators. "He is undoubtedly building a large position now," said David Kass, a finance professor at the University of Maryland and a close follower of Buffett and his...