GoldenOctober2024

Jin10 reported on May 4th, local time on May 4th, a shooting occurred at a family gathering in a residence in Houston, USA, where 14 people were shot, 1 person died, and several others were seriously injured. Houston police stated that preliminary investigations indicated that at the time of the incident, an uninvited guest was asked to leave, and this "intruder" suddenly opened fire, prompting others at the scene to return fire. The police have currently detained multiple individuals involved, but it is still unclear if any of them include the main suspect. The case is still under further investigation.

Jin10 data reported on May 4th, according to data released by the health department in the Gaza Strip, Israeli military operations in the Gaza Strip over the past 24 hours have resulted in at least 40 deaths and 125 injuries. The department stated that since March 18 of this year, the Israeli military has launched attacks on multiple areas in the Gaza Strip, resulting in at least 2436 deaths and 6450 injuries.

According to data from Jin10 on May 4, the Bank of Korea reported that the exchange rate of the Korean won against the US dollar experienced severe fluctuations in April due to the US tariff policy, with a daily average fluctuation of 9.7 won, the highest level since November 2022. Data shows that the average daily fluctuation of the won against the dollar for that month was 9.7 won, with a volatility rate of 0.67%, more than doubling from March (4.3 won, 0.29%), reaching a new high since November 2022. In November 2022, the exchange rate experienced even greater fluctuations due to expectations that the Federal Reserve may slow down interest rate hikes, with a daily average fluctuation of 12.3 won.

Jin10 Data, May 4 - According to a report by RT on May 4, Pakistan's Ambassador to Russia, Muhammad Khalid, called for easing tensions between India and Pakistan during an interview. He also stated that the Pakistani intelligence has evidence of India's plan to launch an attack. If Pakistan goes to war with India, "Pakistan will use all conventional forces and nuclear weapons."

Shell is considering an acquisition of BP, but may wait to decide until after a fall in stock prices and oil prices. Shell's market capitalization is as high as £149 billion, which is double that of BP. A successful acquisition would make Shell a global energy supergiant, but it would face strict regulatory scrutiny. Shell may wait for bidders to act first, assessing the situation as a precaution.

The Israel Defense Forces will issue a call-up order to tens of thousands of reserve personnel to prepare for an intensified military operation in Gaza. The reserve personnel will replace active-duty troops in the north and the West Bank to strengthen the ground offensive in Gaza and increase military pressure on Hamas. The service period may be longer.

The results of the Singapore parliamentary elections have been announced, with the ruling People's Action Party winning 87 seats and securing the election with a vote share of 65.57%. The Workers' Party obtained 10 seats. A total of 211 candidates participated in the elections, marking the first election for the People's Action Party led by Heng Swee Keat. Singapore's Members of Parliament are elected by citizens and serve a term of 5 years.

Jin10 reported on May 3rd that when discussing how young investors should shape their investment philosophy, Buffett stated that the people you associate with are very important. "You should be around people who are better than you," he said. "You will move in the direction of the people you associate with."

Jin10 data May 3 news, according to the latest results of the sampling data released by the Elections Department of Singapore for various constituencies, the ruling People's Action Party has already secured 56 seats in this parliamentary election, exceeding half of the total seats. A total of 211 candidates are competing for 97 parliamentary seats in this election. This election is the first time since Prime Minister Lawrence Wong took office in 2024 that he has led the ruling People's Action Party to participate in the parliamentary elections. The Singapore Parliament operates on a unicameral system, with members elected by voters for a term of 5 years. The party that holds the majority of seats in Parliament can form the government.

Jin10 reported on May 3rd that Buffett shared a key investment principle: patience is important, but when a great opportunity arises, one must act quickly. He recalled receiving an unexpected phone call in 1966, where someone wanted to sell a company that made 2 million a year at an incredibly low price. Such opportunities are fleeting, "When a profitable and reasonable opportunity appears, there is no need to patiently wait; it should be seized immediately."

Jin10 data reported on May 3rd that when discussing Berkshire's shareholding in Japan's five major trading companies (Mitsui & Co., Mitsubishi Corporation, Sumitomo Corporation, Itochu Corporation, and Marubeni Corporation), Buffett turned to talk about one of the biggest challenges facing his conglomerate: the size issue. "It's unfortunate that Berkshire has become so large," Buffett said. "For Berkshire, size is the enemy of performance, and I don't know of any good way to solve this problem," he added, "but it's not an unsolvable problem."

Jin10 data reported on May 3rd, Buffett stated at the Berkshire Hathaway shareholder meeting that the cash amount at Berkshire is indeed quite high, but good opportunities do not arise every day. Incorrect or improper investments can harm the interests of investors. Buffett mentioned that he has been looking for investment opportunities and hopes to reduce the cash on hand - possibly down to $50 billion. Occasionally, things can become extremely attractive. Major deals are "extremely unlikely" to happen tomorrow, but that is not the case in five years. The reason for making a lot of money is that he has never invested all his funds.

Jin10 data reported on May 3rd that Buffett stated that Berkshire is very cautious when investing, having executed 16 million trades in the past 80 years, but only a very small number have truly attracted them. He mentioned that Charlie once joked that he oversees too many things, but Buffett believes that there are only five things in life worth fully investing in. If there is 335 billion in funds, he hopes to find truly high-quality targets, even if a single investment is 50 billion, it must ensure substantial assistance to the business; blind investments would harm shareholder interests.

On May 3, Jin10 reported that at the Berkshire Hathaway shareholders meeting, Buffett shared several data points: 19,700 attendees, setting a new record. Sales of Hi-Candy reached $317,000. Sales of Brooks running shoes were $310,000. Sales of Jazwares were $250,000.

Jin10 reported on May 3 that Berkshire Hathaway's net profit for the first quarter was $4.603 billion, a decrease of 64% year-on-year, compared to a profit of $12.702 billion in the same period last year; first-quarter revenue was $89.725 billion, compared to $89.869 billion in the same period last year; the first-quarter investment net loss was $5.038 billion, compared to a profit of $1.48 billion in the same period last year. As of the end of the first quarter of 2025, Berkshire Hathaway's cash position rose to $347.7 billion, setting a new historical high. (The previous quarter's end was $334.2 billion.)

Jin10 news, May 3rd, Berkshire Hathaway's net profit for the first quarter was $4.603 billion, a decrease of 64% year-on-year, compared to a profit of $12.702 billion in the same period last year; first-quarter revenue was $89.725 billion, compared to $89.869 billion in the same period last year; first-quarter net investment loss was $5.038 billion, compared to a profit of $1.48 billion in the same period last year. As of the end of the first quarter of 2025, Berkshire Hathaway's cash position rose to $347.7 billion, setting a new historical high. (The cash position was $334.2 billion at the end of the previous quarter.)

The results of the local elections in the UK show that the Reform Party has won 674 seats, becoming the biggest winner, while the Labour Party has secured 99 seats, ranking fourth, and the Conservative Party has lost 672 seats. The decline in support for the Labour Party following its governance policies has led to a drop in approval ratings, challenging the two-party system. This election is seen as a significant test for the Labour Party after taking office.

The results of the local elections in the UK show that the Reform Party won 674 seats, becoming the biggest winner, while the Labour Party secured 99 seats, ranking fourth, and the Conservative Party lost 672 seats. The decline in support for the Labour Party is attributed to the downturn in policies after taking office, challenging the two-party system. This election is seen as a significant test for the Labour Party after coming to power.

Pakistan successfully test-fired the "Abdali" missile, which has a range of 450 kilometers and can accurately strike targets, enhancing its strategic deterrence capability. Pakistani officials reiterated their commitment to maintaining the necessary deterrence, with several high-ranking officials congratulating the successful missile test.