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Warren Buffett has a reputation as the world’s most savvy investor. With a net worth north of $70 billion, that reputation is well earned. And for more than twenty years, the world’s most savvy investor has notoriously stayed away from investing in airlines. So it’s a little surprising when Warren Buffett suddenly changes a decades-long stance and purchases shares in all four major U.S. airlines. What changed? Should investors follow his lead?
Read The Capitalist’s Take Here
Read More at CNBC
Read More at USA Today
SNAPCHAT CONFIDENTIALLY FILES FOR IPO
Snapchat appears to be moving forward in its plans to go public early next year with the company filing confidentially for its IPO, according to a report from Reuters. In recent years, companies have begun filing confidentially for their initial public offerings well ahead of revealing their financial guts in the formal IPO process. That gives a time window between the SEC getting the documents and them becoming available for public scrutiny, both from industry watchers and potential investors.
Read More at TechCrunch Here
Read More at Wall Street Journal Here
Read More at Reuters Here
AMAZON CRACKS DOWN ON KNOCKOFFS; SUES MERCHANTS SELLING FAKE ITEMS
The e-commerce giant is cracking down on fakes. For the first time in Amazon’s 20-plus year history, Amazon is suing merchants that are selling counterfeit items on its marketplace. The Seattle-based company filed two lawsuits in the state of Washington Monday.
Read More at Fortune Here
Read More at Wall Street Journal Here
Read More at CNET Here
Closing Bell
– Tuesday, November 15th
Tech Leads the Action as Markets Close Up on the Day
Big Insider Trades
– EverBank Financial Corp. (EVER) EVP John Surface Sells $6m
– PJT Partners, Inc. (PJT) CEO Paul Taubman Buys $1m
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