Berkshire Hathaway, the textile manufacturing company that Warren Buffett has turned into a multinational conglomerate, will buy $250 million shares of Snowflake Inc. at its IPO price, according to a filing Tuesday.
“As the pandemic ramped up, millions of employees shifted to remote work. According to a Federal Reserve Bank of Dallas report, 35.2% of employees worked from home in May, compared to only 8.2% in February,” writes Kate Dore.
“The key to unlocking the home office tax deduction is your employment status.”
Danielle Braff: “The pandemic has more people looking for ways to stay fit without stepping foot in a gym, and it looks like Peloton is one of the most popular options these days.”
“But at a whopping $2,245 for the bike and delivery — or $2,404 for the bike plus shoes, delivery, bike weights and headphones — and with a delivery wait time of up to three months, you may be wondering about other options for getting your cycling sweat on.”
“I changed my behavior somewhat (though not a ton) to be able to stay in my grocery budget. As I mentioned, budgeting weekly has been a game changer. Having those artificial parameters around my dollars has helped me see that I have a finite amount of money for this week (but it’s okay, because in seven more days, I’ll have more),” writes Laurie at Three Year Experiment.
“In June, we spent $1243.61 on food.”
“In August, we spent $597.13.”
Bloomberg: “Downloads of Walt Disney Co.’s streaming app rose 68% to 890,000 over the weekend, a sign its unorthodox online release of “Mulan” helped drive demand for the service.”
“I cannot see any value-add in buying an apartment over renting it, but I was wondering if I’m overlooking something?” a reader writes to Millennial Revolution.
“This one’s a little different than our normal case studies since BuyOrRentInSpain isn’t asking about retiring early as most readers do.”
If you’ve ever wanted a detailed discussion of private real estate fees, Jim Dahle has you covered: “Private real estate investing fees are clearly much higher than those in the mutual fund space, but a significant chunk of them are essentially “the operating costs of the underlying company or companies” which would not have been included in a mutual fund expense ratio.”
“Welcome to the murky world of private real estate.”
“At 6 a.m. on June 20, 2000, police and federal agents in riot gear swarmed into shoe designer Steve Madden’s apartment on Mercer Street in New York with a warrant for his arrest,” writes James Tarmy.
“In one of the many serendipitous twists of fate that pepper his book, Madden wasn’t actually in his apartment the day the FBI came to arrest him. He was a few stories up in a second apartment he was renting in the same building, and slept through the entire drama. “It was probably the best night’s sleep I would get for several more years,” he writes.”
Lisa Du and Suzi Ring writing in Advisor Perspectives: “The economic impact will be much greater if younger survivors endure decades of coronavirus-related disability.”
“Also, the long-term economic effects of Covid-19 will ripple well beyond those who caught the coronavirus, Currie said. Mental health problems emanating from lockdowns will sap work performance and productivity, health-care disruptions may exacerbate other medical conditions, and people needing to provide care for others will have less time for paid work.”
From the Center for Retirement Research at Boston College, a new study examines the types of hobs available for older workers by surveying job postings by employers.
“While employers often say they are open to employing older workers, evidence of discrimination in audit studies suggests reason to worry. One question is: ‘what jobs do employers really want older workers to do?'”
“Overall, the jobs available to older workers are similarly distributed geographically to the jobs available to workers more generally. Furthermore, the pay offered for jobs open to older workers tends to be better than the pay of- fered for jobs in general.”