Warren Buffett’s Favorite Stock Market Indicator Is Flashing Red — Dangerously Close To Reaching The Number He Says Is ‘Playing With Fire’

In the realm of stock market indicators, the Buffett Indicator stands out, especially when it flashes red. Named after Warren Buffett, the CEO of Berkshire Hathaway Inc. and a figure synonymous with investing acumen, the indicator compares the total market capitalization of all actively traded U.S. stocks to the latest estimate of quarterly gross domestic … Read more

Wife of Baltimore bridge collapse survivor says workers were on break in their cars when bridge came down

BALTIMORE — The wife of one of the construction workers who survived the Francis Scott Key Bridge collapse says it’s a miracle he is alive as he doesn’t know how to swim. Julio Cervantes was one of eight construction workers on the bridge when the Dali cargo ship’s lights flickered on and off and crashed … Read more

Brazil Aims to Lower Electricity Bills With Eletrobras Funds

(Bloomberg) — President Luiz Inacio Lula da Silva intends to issue a provisional measure next week designed to lower Brazil’s electricity prices through the securitization of payments owed by the country’s largest power generation company, according to an official familiar with the plan. Most Read from Bloomberg The government expects the measure, which will need … Read more

Trump’s $60 Bibles ‘a spit in the face of people that really believe’

The spectacle of Donald Trump selling $60 Bibles is “a spit in the face of people that really believe”, the Rev Al Sharpton said, amid widespread backlash over the presumptive Republican presidential nominee’s latest moneymaking scheme. Related: Seth Meyers on Trump selling Bibles: ‘His slimiest cash grab yet’ “Blasphemy certainly comes to mind,” Sharpton told … Read more

South Plainfield man sentenced to prison for embezzling millions from his employer

A Middlesex County man was sentenced to more than two years in prison for embezzling $2.37 million from his employer, U.S. Attorney Philip Sellinger announced. Gerard Beauzile, 63, of South Plainfield, previously pleaded guilty in federal court to one count of wire fraud and was sentenced Wednesday to 27 months in prison, Sellinger announced. From … Read more