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Another quarter, another Apple ( AAPL 0.59% ) sale from Warren Buffett. The legendary investor sold a massive chunk of Apple stock yet again in the third quarter, estimated to be worth more than $20 billion, or 100 million shares. Berkshire Hathaway -- the company Buffett controls -- still owns $70 billion of Apple stock, but it is now a much smaller position than at the start of the year. Why is Buffett selling? This article will get into the likely culprit a little later. More importantly, what is Buffett buying today? Not much, but Berkshire Hathaway did take a stab and acquired 3.5% of Domino's Pizza ( DPZ 1.68% ) last quarter. Here's why the company may look attractive to Buffett and his investment team at the moment. Why Berkshire Hathaway keeps trimming Apple The Apple investment has generated over $100 billion in capital gains for Berkshire Hathaway. Throughout 2024, Buffett has begun to realize a lot of these gains, raising Berkshire Hathaway's cash position to more than $300 billion. He is likely shying away from Apple as such a large position in the Berkshire Hathaway portfolio for a simple reason: valuation . It has nothing to do with market timing, or Buffett making a bet that the stock market is going to crash anytime soon. The stock just looks overvalued at these prices. And it is hard to disagree with this sentiment. At current prices, Apple is trading at a price-to-earnings ratio ( P/E ) of 37. While not an egregious earnings ratio for a high-growth stock, Apple isn't a fast grower anymore. In fact, it is barely growing at all, and at a significantly slower pace than inflation. In the last three years, Apple's revenue is only up 3% on a cumulative basis. Buffett is likely concerned about the stock underperforming due to this tepid growth combined with a high earnings ratio. It is not like Apple is now a bad business; just one where the stock is priced to perfection. It is hard to compound your capital owning something like this. Domino's Pizza: The next restaurant franchising giant? On the other side of the spectrum, Berkshire Hathaway initiated a new position in Domino's Pizza last quarter, now owning a sizable chunk of the business. This is not nearly as large of a position as Apple, but it is curious that Berkshire Hathaway is buying the stock now. Buffett famously likes the capital-light franchising model for restaurants, and has been an ardent fan of McDonald's business success (along with its food) for a long time. Domino's Pizza runs a similar franchising model for its pizza shops. Like McDonald's a few decades ago, Domino's is now planning a major global expansion for its franchise. It is planning to open 800 to 850 new stores this year. Store count at the end of last quarter was 21,000. If it adds around 1,000 stores a year, the company will reach the same store level count as McDonald's today (over 40,000) in around 20 years. This lines up with management's long-term guidance of 7% sales growth and 8% operating income growth from 2026 to 2028. Berkshire Hathaway is likely attracted to Domino's because of this long-term growth potential. As he likes to say, growth and value are tied at the hip. If a company is set to grow its earnings at a durable rate for a long while, you can pay more for its current earnings and still make money. This is unlike Apple, which trades at a high P/E, but with low growth. DPZ Dividend Per Share (TTM) data by YCharts Should you buy Domino's stock? Even with a better growth profile than Apple -- or really, the average stock in the market -- Domino's trades at a P/E ratio of 26, which is below the S&P 500 ( ^GSPC 0.35% ) average of 30. It may be simplifying things, but this contradiction should make Domino's Pizza stock a buy at current prices. Don't forget that the company's robust capital returns program too. Domino's has grown its dividend per share by 474% in the last 10 years, while bringing its shares outstanding down by 38% due to a consistent share repurchase program. There's no reason to think both trends won't continue for the foreseeable future, either. Add these into the mix, and Domino's Pizza looks like a foolproof stock to buy and hold for the long term. No wonder Buffett and Berkshire Hathaway are buying.Microsoft, a global technology giant renowned for its commitment to sustainability, has unveiled a revolutionary new approach to data center design that promises to revolutionize the industry. The company's innovative Zero Water Vapor Data Center Design is set to transform the way data centers operate, offering the potential to save over 1.25 billion liters of water per facility annually. This groundbreaking technology marks a significant step forward in Microsoft's ongoing efforts to minimize its environmental impact and build a more sustainable future.
While the exact content of the speech and press conference remains unknown, analysts expect the central bank to provide insights into its outlook for the economy, inflation, and monetary policy. Many are hoping for clarity on the central bank's potential rate hike plans and how it intends to navigate the delicate balance between supporting economic growth and controlling inflation.
The increase in consumer loans and rising mortgage defaults are concerns for the domestic tourism market through next year, meaning that short-term promotions such as those for festivals and events might not help, according to tourism operators. In its third-quarter report, the National Economic and Social Development Council issued a warning about the increase in personal loans, while mortgage defaults on loans of less than 3 million baht indicate sluggish household income. Udom Srimahachota, vice-president of the Thai Hotels Association's western chapter, said the economic uncertainty left many Thai tourists, particularly the mass market, with little budget for travel and leisure activities. Domestic tourists tend to travel less and restrict their budget to focus only on necessities, such as hotels and transport, spending less on shopping. Meanwhile, consumers in the upper-market have opted for destinations overseas during the winter months, heading to Japan, Europe and China, which granted Thais visa-free entry. He said some Chinese trips only cost around 20,000 baht per package, competing with popular domestic destinations, such as Pattaya and Hua Hin. As a hotel operator in Hua Hin, Mr Udom noticed that hotels in the area had gained only a few domestic bookings recently, as many Thais seek cooler climes in the north. Mr Udom said the government's initiative to promote events throughout the year has not fully enhanced the domestic market as people are still concerned about spending and are choosing to travel only during certain periods. He said the government should prioritise economic stimulus and help people increase their income with effective financial measures, such as debt restructuring and interest rate reduction, rather than distributing 10,000-baht cash handouts. Kantapong Thananerngroth, president of Thai Tourism Promotion Association, said the government's three-year suspension of interest payments for mortgage, vehicle loans, and small and medium enterprises as a part of its economic stimulus should at least alleviate sluggish domestic tourism over the coming months. He said Thai tourists would still allocate some of their budget for domestic trips despite the economic concerns. During the Loy Krathong festival earlier this month, hotels located near related events were fully booked, especially high-end properties. With more intense competition in the tourism sector, the government should plan and promote events next year in advance, while formulating efficient income distribution for local operators and communities, said Mr Kantapong.In a shocking turn of events, the gunman responsible for the murder of the CEO of a prominent American healthcare company has been apprehended. The perpetrator, identified as a young man from an Ivy League background with a wealthy upbringing, was captured by authorities after a nationwide manhunt. The motive behind the brutal killing remains a mystery, but the assailant's involvement in a manifesto denouncing corporate greed and inequality has shed some light on his possible motivations.Flag football uses talent camps to uncover new stars
Report: Leadership needed to address quantum threat mitigationNintendo fans rejoice as the highly anticipated Nintendo Alarm Clock is back for pre-orders! Excitement fills the air as fans rush to secure their own piece of nostalgia, ready to wake up to the familiar sounds of their favorite Nintendo characters. However, the joy quickly turns to frustration as the shipping time for the alarm clock leaves customers speechless.On the other hand, supporters of the husband's decision point to the inherent complexities of a nonuplet pregnancy and the medical risks involved. They argue that the couple should not be judged for their decision to reduce the number of fetuses based on their unique circumstances and the advice of medical professionals. In a situation as extraordinary as a nonuplet pregnancy, difficult choices must be made, and financial considerations cannot be ignored.
WILLMAR — The Willmar City Council will meet on Tuesday, Nov. 26, for its last budget and capital improvement review and discussion before the Truth-in-Taxation hearing on Monday, Dec. 2. The meeting will take place at 6:30 p.m. Tuesday in the boardroom at the Kandiyohi County Health and Human Services building, 2200 23rd St. N.E. in Willmar, according to the agenda. During a work session earlier this fall, Willmar Finance Director Tom Odens reviewed changes in the budget that would slightly reduce the 2025 final budget and levy from the preliminary budget and levy approved by the council in early September. The approved preliminary levy is a $947,606 levy increase, or 9.3%, over the 2024 adopted levy of approximately $10.19 million. The proposed 2025 levy is approximately $11.133 million. The proposed 2025 budget is approximately $22.08 million, an increase of $660,351, or 3.083%, over the 2024 revised budget of approximately $21.42 million. During the Nov. 18 City Council meeting, Willmar City Operations Director Kyle Box reviewed the 2025 capital improvement program, the remaining American Rescue Plan Act funds and staff recommendations for both. The pandemic relief funds from the American Rescue Plan Act have to be allocated before the end of the year. There were more than $2 million in capital improvement requests for 2025, but only $450,000 identified in the 2025 operating budget to be transferred to the capital improvement program fund. Acknowledging the gap in funds, city staff recommended using $80,000 for doors at the Civic Center, $245,000 for a Sno Go attachment for the Public Works Department, $120,000 for two new police squad vehicles and $5,000 for airport runway edge lighting design. As for the American Rescue Plan Act funds, the city of Willmar received more than $2 million and has approved more than $1.9 million to date for a variety of projects and programs, including mental health assessments, technology upgrades, child care, turnout gear, water infrastructure, airport updates, building air exchanger and park improvements. Approximately $254,506.23 remains to be allocated and obligated with an agreement, contract or purchase order by Dec. 31, 2024, according to Box. He noted eligible allocations that have been previously discussed include the city's five-year agreement with Tyler Technology, which is expected to be $156,000 plus implementation costs in 2025; $150,000 for a housing trust fund; and about $87,000 for playground equipment. Those identified projects total $393,011.31 and it is city staff’s recommendation to use the remaining funds for Tyler Technology in 2025 and 2026. However, Councilor Audrey Nelsen argued at the Nov. 18 meeting that former mayor Marv Calvin had made a verbal commitment to place $150,000 of the pandemic relief funds in a trust fund through the Kandiyohi County Housing and Redevelopment Authority and the county had also pledged $150,000 for a housing trust fund. The county has already given its money for the trust fund, which will allow the HRA to apply for state and federal housing grants. Nelsen said she thought the verbal commitment made by the former mayor for the pandemic relief funds should be honored.Title: Getting to Know the Urinary Infection Girl Who Underwent Two Kidney Transplants: Parental Love Bestows Three Lives
Furthermore, efforts to stabilize the stock market are also underway, with the aim of creating a more transparent, efficient, and stable financial market environment. By implementing measures to prevent market manipulation, enhance investor protection, and strengthen regulatory oversight, the government aims to instill confidence and trust in the stock market, attracting more domestic and international investors to participate in the market.On the other hand, Barcelona, Real Madrid, and Atletico Madrid are locked in a three-way battle for the top spot in the league. With just a few points separating the three teams, every match is crucial as they jostle for position in the title race.
The script of the Glazer-led era at Manchester United reads like a tragicomedy, with new plot twists and characters constantly entering the fray. The ruthless firing of managers has become a trademark of the club's ownership, with established names like Louis van Gaal, Jose Mourinho, and most recently, Ole Gunnar Solskjaer, all falling victim to the cutthroat world of football management at Old Trafford. The club's board, under the guidance of the Glazer family, is quick to pull the trigger when results falter, often citing the need for a change in leadership as the solution to the team's woes.None
LAS VEGAS — Mark Sears scored 24 points and No. 9 Alabama beat No. 6 Houston 85-80 in overtime on Tuesday night in the opener of the Players Era Festival. After squandering an eight-point lead with 8:53 left in the game, and allowing Houston to force overtime, Alabama outscored the Cougars 7-2 in the extra frame for the win. Houston’s LJ Cryer, who led all scorers with a career-high matching 30 points, had a chance to win the game but missed a mid-range baseline jumper with two seconds remaining. Grant Nelson had 13 points and 10 rebounds, and Mouhamed Dioubate had 10 points and 16 rebounds for Alabama. Emanuel Sharp finished with 14 points while J’Wan Roberts added 11 for the Cougars. Takeaways Alabama: The game was the Tide's third in a row against a Top 25 team. After losing at then-No. 13 Purdue 87-78, they beat then-No. 25 Illinois 100-87 on a neutral court in Birmingham. Houston: Sharp came into the event leading the Cougars and the Big 12 Conference with a nation’s second-highest 3-point shooting percentage of 73.3% (11 of 15). The sophomore wasn’t as sharp against the Tide, though, finishing the game hitting 2 of 6 from long range. Alabama forward Mouhamed Dioubate (10) and Houston forward Joseph Tugler (11) contest for a rebound during the first half of an NCAA basketball game Tuesday, Nov. 26, 2024, in Las Vegas. Credit: AP/Ian Maule Key moment With 24 seconds left in overtime and the Tide leading 84-80, Houston’s Joseph Tugler drove the lane but had his shot blocked by Alabama’s Derrion Reid. Roberts then fouled Reid, who made one of two free throws to extend the lead to five and essentially seal the win. Key stat Alabama took 41 free-throw attempts and made 30 of them, while Houston had five players commit four or five fouls. Both Sharp and Milos Uzan fouled out of the game for the Cougars. Up next Alabama will face Rutgers in the second round of the event on Wednesday, while Houston plays Notre Dame in its second-round game. _
Flag football uses talent camps to uncover new stars
In response to the increasing demand for convenient and efficient local life services, Gaode Maps recently announced the launch of its "Peace of Mind Service" plan, aimed at enhancing the user experience and expanding its presence in the local life services sector.Hegseth meets with moderate Sen. Collins as he lobbies for key votes in the SenateIn conclusion, the recent decline in 7-day annualized yields for money market funds, including Tianhong Yu'ebao reaching a historic low, underscores the challenges facing the industry. As stakeholders continue to monitor developments and adjust their strategies accordingly, the resilience and innovation of the financial sector will be put to the test in the pursuit of sustained growth and stability.
PISCATAWAY – The Princeton women’s basketball team is remaining confident that it’ll reach its goals, even though leading scorer Madison St. Rose is now on the bench with crutches. The Tigers had an inconsistent start to the new season, but those challenges deepened when St. Rose went down with a knee injury on Nov. 16 against Quinnipiac. The program announced Friday that St. Rose had torn her left ACL and will miss the rest of the season. St. Rose’s ACL tear came on a non-contact play. As she was driving into the paint, she tried to come to a stop and went down in immediate pain. Princeton coach Carla Berube told the Trentonian that St. Rose is doing “as best as she possibly can” in the wake of her injury. “It was heartbreaking news,” Berube said. “We kind of knew it when it happened and then found out (the final diagnosis) this past week. She’s just going to meet it head on, and she’s super tough and resilient and she’s already this leader on the bench that we really need, especially with all of our young players.” Berube said she expects St. Rose to be ready for the start of the 2025-26 season, since the injury happened so early in the campaign. All the Tigers have done in the time since is sweep New Jersey rivals Seton Hall and Rutgers for the third year running. On Sunday, Ashley Chea had career highs of 20 points and nine rebounds, Skye Belker scored 13 points and Fadima Tall posted her first career double-double with 11 points and 10 rebounds in a 66-49 victory at Rutgers. The result pushed Princeton to 4-2. Tall said the team was “very, very emotional” when it found out about St. Rose’s fate. “But then we have her telling us like, yes, she’s out, yes, she’s a big scorer, but we all want to do this for her. We want to give her another ring for another Ivy League championship,” Tall said. “We all are banding together even more because now we know all we have is each other, and all we have is all we need. “And Maddie’s always right there with us. It’s like she’s not even gone, honestly.” Princeton’s season had gotten off to an uneven start. The Tigers entered Sunday with three wins over Big East opponents DePaul, Villanova and Seton Hall but a pair of losses to fellow mid-majors. The Tigers were outscored 20-4 in the fourth quarter of their season-opening loss at Duquesne, and they lost 74-66 at Quinnipiac after St. Rose exited in the fourth quarter. While Chea and Belker will share the bulk of the scoring load for the Tigers going forward, several individual players will likely take on new responsibility as well, primarily Tall, Olivia Hutcherson and Toby Nweke. As freshmen last year, Tall and Hutcherson combined to total 109 minutes and 49 points on the year. Nweke is in her first year at Princeton but is plenty familiar with the program as the younger sister of recent graduate Chet Nweke. Tall has been the Tigers’ starting four in every game this season and left her mark everywhere Sunday. On top of her double-double, she had four steals and helped centers Parker Hill and Tabitha Amanze bottle up Rutgers star Destiny Adams, who went 2-of-5 for four points after averaging 25.2 ppg through five games. A 6-footer from Maryland, Tall is ready to take the next step in her game to help Princeton compensate for St. Rose’s absence. “I think I definitely need to make myself more aggressive offensively and produce more a little bit, as well as making sure we have those rebounds secured over a single game because as we know, we lost a lot of rebounding last year with Ellie (Mitchell) gone,” Tall said. “So I think encouraging my teammates and myself to fill that gap in offensively and defensively the way Maddie did is going to be perfect for us.” Hutcherson has filled St. Rose’s place in the starting lineup and had a career-best eight points and nine boards against Rutgers. Notably, she grabbed four offensive rebounds and scored putbacks on all four. “She’s really hard to box out, especially coming from a guard position from the perimeter,” Berube said. “And yeah, to start the game, she was just all over the boards. And I think that set the tone on how, how we were going to attack them, you know, and not just settle for one shot. “Those are two sophomores (Hutcherson and Tall) that didn’t get a lot of playing time last year that are stepping up into really big roles.”Instead of just being proud of working for MNCs, Indians are now daring to create their own multinational companies, he reiterated. New Delhi: Indians are increasingly daring to create their own multinational companies, in a defining change that will fuel next stage of economic growth, asserted Union Minister Hardeep Singh Puri on Sunday. The Union Minister also emphasized that India needs to further nurture talent in deeptech domains to hasten the reversal of 'brain drain'. "We have always had good talent, but have also lamented that our youngsters leave India to pursue work and studies abroad," he wrote in a post on X, sharing an article he authored for a financial daily titled 'India, take a deeptech breath.' "The trend is now noticeably reversing - a significant victory in its own right. Indians are coming back or even deciding to stay put when offered enticing opportunities abroad so that they can build in India, for the world," he added. Puri noted that India's startup success is the cumulative effect of such individual decisions, the full magnitude of which will be realised by the coming generations. For many decades, Puri argued, while Indian engineers and scientists were recognized for their talent and dedication in global technology companies and universities, they couldn't dare to incubate their tech startups in India. This, according to him, were due to onerous patents framework, lack of funding, crumbling infrastructure and lack of government support. "As a result of the dedicated focus of PM Narendra Modi in making India a hub for innovation, even the most cutting edge, deep tech and frontier tech start ups, lead by Indian students with PhDs from major global universities are now taking root in India," Puri explained in his post. Instead of just being proud of working for MNCs, Indians are now daring to create their own multinational companies, he reiterated. The National Deeptech Startup Policy outlines a roadmap to spur innovation in critical domains like semiconductors, AI, and space tech. AI is so widespread in India's software services now. Puri pointed out that it is no coincidence, that India now has the third-largest start-up ecosystem in the world. Stay informed on all the latest news , real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.
The concept of revenge is often associated with anger, bitterness, and a desire for retaliation. However, when channeled inward, revenge can be a powerful tool for healing and growth. As we mature, we gain a deeper understanding of the impact our childhood experiences have had on shaping our beliefs, behaviors, and relationships. It is at this juncture that we may feel compelled to seek retribution for the innocence lost and the pain endured.
