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Warren Buffett spent years telling anyone who would listen that airlines were a terrible business to own. Buffett called them a “capital trap,” a place where fuel costs and fare wars could erase profits almost Read more…
Back in July, I wrote an article titled “Bank of America warns America now has 2 economies.” At the time, the bank’s analysts saw an increasingly uncomfortable split beneath what has otherwise been a resilient Read more…
The foldable smartphone used to resemble an expensive technical experiment. Now they’re starting to appear more like something Apple can sell. That change is significant since Apple (AAPL) has spent years ignoring a category that Read more…