Mindblown: a blog about philosophy.

The national average price for a gallon of regular unleaded gasoline is on the verge of hitting $4 for the first time since 2022. That price level is relative: A $4 gallon of gas would be welcome in California, Washington state or Hawaii, where the state averages run north of $5 per gallon; while residents…

On Dec. 31, after roughly six decades at the helm of Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB), Warren Buffett retired as CEO. He oversaw cumulative gains in his company’s Class A shares (BRKA) of more than 6,000,000% and became one of Wall Street’s most prominent buy-and-hold investors. While the Oracle of Omaha was never one for…

Popartic / iStock Editorial via Images (Popartic / iStock Editorial via Images) Quick Read Coca-Cola (KO) has generated 7,830% total returns since Buffett’s 1988-89 entry, outperforming PepsiCo (PEP) which delivered 6,485% over the same period, with Berkshire now holding 400 million Coca-Cola shares (9.3% of the company) generating over $200 million in annual dividends. Buffett’s…

The US temporarily waived sanctions on Iranian oil that’s already at sea, boosting the war economy of the nation Washington is waging war against. The move marks an effort to relieve pressure on global energy markets, as the conflict spurs major supply disruptions and sends prices soaring. White House officials argue the waiver allows US…

Iran-US-Israel War News LIVE Updates: At 2 PM today, Prime Minister Narendra Modi addressed the Lok Sabha on key aspects of the ongoing West Asia war. Iran’s IRGC said on Monday it would retaliate against any attack on its electricity sector by targeting West Asian power plants and facilities supplying US bases in the region,…

Key Points Enterprise Products Partners has increased its dividend payouts for 27 consecutive years. Enbridge has increased its dividend payouts for 31 consecutive years. Both companies have the financial health to sustain their dividends. When a company’s dividend yield seems too good to be true, that’s often because it is. Particularly high yields can be…

For years, the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) have appeared unstoppable. The evolution of artificial intelligence (AI), record corporate share buybacks, and the prospect of lower interest rates have fueled this bull market rally. But the foundation for one of Wall Street’s key pillars is…

For years, the Dow Jones Industrial Average (^DJI 0.96%), S&P 500 (^GSPC 1.51%), and Nasdaq Composite (^IXIC 2.01%) have appeared unstoppable. The evolution of artificial intelligence (AI), record corporate share buybacks, and the prospect of lower interest rates have fueled this bull market rally. But the foundation for one of Wall Street’s key pillars is…

Key Points Crude could continue rising or fall significantly, depending on developments in the war. Investing in high-quality oil companies provides upside to higher prices while still thriving if they fall. Investing in pipeline companies can remove commodity price volatility from the equation. Oil prices have been incredibly volatile this year due to the war…

By STAN CHOE, AP Business Writer NEW YORK (AP) — U.S. stocks slumped Wednesday after a report said inflation was primed to worsen even before the war with Iran caused oil prices to spike. That and comments from the head of the Federal Reserve pushed Wall Street to see less chance of getting the lower interest rates that it loves. The…