NewsWatch: Dud stock picks, bad industry bets, vast underperformance — it’s the end of the Warren Buffett era

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MARKETWATCH FRONT PAGE

The chairman of Berkshire Hathaway seems to prefer the S&P 500 to his own company’s stock. See full story.

Wall Street sees plenty of upside for these downtrodden tech stocks

Shares of companies including Micron Technology, Western Digital and Motorola Solutions have fallen this year. See full story.

Fed says pandemic has created U.S. financial sector fragility that will last for some time

The Federal Reserve on Friday said the coronavirus pandemic has created U.S. financial sector “fragilities” that will last for some time. See full story.

This is how fast Americans are spending their stimulus checks — and here’s a breakdown of what they’re buying

Economists looked at the spending and saving habits of more than 1,600 people who received their stimulus check by April 21. See full story.

China risk has reemerged in the U.S. stock market — here’s how events may play out

Apple is a key stock to watch because it has such a heavy weighting in the benchmark S&P 500 Index. See full story.

MARKETWATCH PERSONAL FINANCE

‘I have a very low income, and yet I did not receive a $1,200 stimulus check. My daughter recently moved out of town, but claimed me as a dependent on her 2019 tax form.’ See full story.