Daily Market Update – Friday, May 11th
Health care stocks climbed as investors sized up new policy remarks from President Donald Trump.
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Author: Money and Markets Staff
California Governor Pitches Robust Budget as Revenues Surge
Gov. Jerry Brown proposed a $137.6 billion general fund budget for California Friday amid surging revenues, kicking off his last round of negotiations with Democratic legislative leaders.
Buffett’s Company Reports a $1.1B 1Q Loss on Paper Losses
Warren Buffett’s conglomerate reported the loss of 46 cents per Class B share shortly before its annual meeting in Omaha, Nebraska. A year ago, Berkshire reported $4.06 billion in net income, or $1.65 per Class B share.
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