Podknife - Financials: Warren Buffett Doubles Down on Brazil and U.S. Consumers Are Spending More Than Pre-COVID by Industry Focus

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Financials: Warren Buffett Doubles Down on Brazil and U.S. Consumers Are Spending More Than Pre-COVID

Podcast |: Industry Focus
Publisher |: The Motley Fool
Media Type |: audio
Podknife tags |: Business,; Business News,; Investing,; Stock Market
Categories Via RSS |: Business,; Business News,; News
Publication Date |: Jun 14, 2021
Episode Duration |: 00:30:23

We recently learned that Berkshire Hathaway(NYSE: BRK.A)(NYSE: BRK.B) is investing $500 million in a Brazilian fintech startup, following up on its successful investment in StoneCo (NASDAQ: STNE) a few years ago. Plus, Bank of America (NYSE: BAC) CEO Brian Moynihan says that consumer spending is 20% higher than it was before the pandemic, and Fool.com contributor Matt Frankel thinks it could have big implications for the financial sector. Frankel and host Jason Moser also discuss the latest mall REIT to file for bankruptcy, and each reveal one stock they're watching this week.

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