Berkshire Hathaways Buyback Rule Eases Cash Pile Use
Berkshire Hathaway loosens its stock repurchase rule allowing Buffett and Munger to buy back shares whenever the price is below intrinsic value. The change expands potential use of $108 billion in cash, with buys paused until after Q2 results on Aug 3. Buffett and analysts note mixed signals for Berkshire's acquisition strategy and earnings growth.
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Maximizing 401k contributions and retirement guidance
The piece explains maxing 401(k) contributions means reaching the 2018 limit of 18,500 with elective deferrals, excluding employer matches. It notes this is large, may not be necessary, and that a 10 percent contribution often suffices for long-term goals illustrated by a hypothetical 7 percent return. It contrasts aggressive and moderate saving paths. It also cites the Russell 2000 index close and change.
Google faces record 5B EU Android antitrust fine
The European Commission hits Google with a 5 billion euro record penalty for exploiting Androids dominant position. It accuses Google of forcing device makers to preinstall Google Search and Chrome and delaying alternative Android versions. Google plans to appeal within 90 days.
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