TLDR

MARKET RECAP → The S&P 500 (VOO) fell on Monday after reaching a new high last Friday. The rise in interest rates kept pressure on stocks as investors waited for key inflation data (January PCE) due later this week. Despite this, Bitcoin holders (HODLers) were seemingly unfazed, with Bitcoin (BTC) notching a 5% gain.

BUFFETT'S BULL RUN →📈 Berkshire Hathaway's (BRK.B) stock moved higher after flaunting a hefty fourth-quarter profit, teasing the $1 trillion club with the swagger of a conglomerate that knows its insurance game is strong, its cash pile mountainous, and its investment moves as shrewd as Buffett's quips.

BYD SPEEDS AHEAD→ 🚗 BYD's electric supercar, the U9, zooms into the luxury lane with Ferrari-rivaling speeds and a $233K price tag, signaling its high-octane leap from mass market to high-end hustle amidst global expansion dreams and regulatory speed bumps.

Sean Horgan

Head of Investor Relations @MoneyLion

$shorgan*

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BUFFETT'S BULL RUN

🚀 Berkshire Hathaway's (BRK.B) shares soared after announcing a significant profit increase in the fourth quarter, with Class A and B shares jumping over 1.5%. This surge pushed the conglomerate's valuation closer to the $1 trillion mark, a testament to its robust performance across its diverse portfolio, particularly in insurance.

💰 Record cash levels were another highlight, with Berkshire's coffers swelling to a staggering $167.6 billion. This financial fortress underscores the conglomerate's strategic acumen in navigating market dynamics, further solidifying its position as a behemoth in the investment world.

🧐 Despite the optimism, analysts and Buffett himself sounded a note of caution. The legendary investor tempered expectations, suggesting that Berkshire's future performance might only slightly outperform the average company due to its massive size. This realism, peppered with Buffett's characteristic wit, hints at the challenges of sustaining growth at such a scale.

BYD SPEEDS AHEAD

🏎 Chinese automaker BYD launched the U9, a new electric supercar under its luxury brand Yangwang, boasting speeds that rival those of Ferrari. The U9 can hit a top speed of 192.12 mph and accelerate from 0 to 60 mph in just 2.36 seconds, positioning it as a formidable competitor in the high-end electric vehicle market.

💰 With a starting price of approximately $233,424, the U9 is BYD's most expensive vehicle to date. Set for delivery this summer, it represents the company's ambitious move into the luxury electric vehicle segment, challenging established supercar brands with its performance and pricing.

🌍 Despite its focus on the Chinese market, where it produced over 3 million new-energy vehicles in 2023, BYD is eyeing global expansion, including a new factory in Europe. However, this international push comes as the EU and the U.S. aim to bolster their local EV industries, presenting potential hurdles for BYD's overseas growth.

Keep Reading

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Citi hires Raghavan from JPMorgan as head of banking, prompting reshuffle of bosses (CNBC)

RNC Chair Ronna McDaniel announces her resignation (CNBC)

Supreme Court hears landmark cases that could upend what we see on social media (CNN)

Dartmouth, Northwestern, Rice and Vanderbilt settle financial aid lawsuit (CNN)

Zong Qinghou, the Chinese beverage billionaire who took on Danone and won, dies (CNN)

Retail investors have been clamoring to invest in AI. (Fortune)

And if you want more, be sure to check out the MoneyLion blog for tips, hacks and all things money. (MoneyLife)

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