Wall Street is heading into the close on Wednesday with two things on its mind: the Fed's favorite inflation gauge and Micron Technology. According to Bloomberg, US stocks paused ahead of both, with the inflation data key for interest rates and Micron's report key for the AI trade. Micron reports fiscal fourth-quarter results after the closing bell, and a big move in either direction could ripple into Asian chip stocks when markets open in the morning. The Numbers, Verified Across Sources What Micron guided (SEC filing): For the quarter ending in August, Micron told investors to expect revenue of $50 billion, give or take $1 billion, non-GAAP earnings of $31 per share, give or take $1, and a gross margin of about 86%. What analysts expect (Alphastreet, 33 analysts): Consensus sits at $31.56 per share on $51.20 billion in revenue, slightly above the top half of Micron's own guidance range. Estimates are wide, running from $28.04 to $37.44 per share for earnings and from...
What Warren Buffett Stepping Down Means for Everyday Investors (With the Numbers That Explain Why He Mattered)
Warren Buffett has officially stepped down as Chairman of Berkshire Hathaway, handing the role to his son Howard Buffett, while remaining on the board of directors. It's the kind of headline that's easy to scroll past if you don't own Berkshire stock but the actual lesson buried in this transition is worth pausing on, whether you invest in the U.S., in India, or both. The Number That Actually Explains Why This Is a Big Deal Headlines are calling this "the end of an era," and the numbers back that up better than any adjective could. Since taking control of Berkshire Hathaway in 1965, Buffett delivered a compounded annual return of approximately 19.7% compared to roughly 10.4% for the S&P 500 over a similar long-run stretch. That gap sounds small until you actually run the math on what it does over decades. If You Had Invested $10,000 in 1965... Approx. Value Today At the S&P 500's long-term average return (~10.4%) Roughl...