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

This post was originally published on this site

MARKETWATCH FRONT PAGE

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

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.

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.

Visa sees ‘massive’ digital acceleration with millions trying e-commerce for the first time

The COVID-19 outbreak is bringing more people into the digital fray and providing a further tailwind to e-commerce growth. See full story.

MARKETWATCH PERSONAL FINANCE

One dentist has spent nearly $35,000 on disinfectant equipment, including oral high-speed aerosol evacuation units, ozone generators and ultraviolet lights. See full story.