International Topics
Inflation is the big challenge for markets and the Fed in the week ahead
Honda, Rosneft Walt Disney, Airbnb, Plantronics, Burberry, Casper Sleep, Brookfield Asset Management, Door Dash, Petrobras, Aurora Cannabis, Alibaba Toyota, Wendy’s, Fossil, Bumble, Allianz, Jack in the Box, Vroom, SoftBank, Sonos, Bayer, 1Life Healthcare Electronic Arts, Chesapeake Energy, Hanesbrands, Aramark, International Game Technology, Palantir Technologies, Perrigo, Unity Software, Opendoor Technologies, Kinross Gold, Lemonade, Vizio Marriott, BioNTech, Jacobs Engineering, Simon Property Group, International Flavors and Fragrances, Wynn Resorts, SmileDirectClub, Duke Energy, Air Products, Tyson Foods, Party City, Energizer, Coty Copper futures hit a record high, as did lumber futures, rising 13% in the past week. Corn futures rose 8.6% in the past week, finishing at the highest level since 2013. West Texas Intermediate crude futures gained 2% to $64.90 per barrel.
After April's disappointing jobs report, market focus will shift squarely to inflation in the week ahead.
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When Warren Buffett eventually is no longer Berkshire Hathaway CEO, Greg Abel will succeed him
For the millions of people who tuned into the Berkshire Hathaway annual meeting on Saturday, careful viewers were rewarded with an unexpected bit of news.
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Simon Property Group saw its stock retreat about 3% in the premarket despite better-than-expected numbers. The real estate property manager reported first-quarter earnings of $1.36 per share on revenues of $1.15 billion.

Electronic Arts, Chesapeake Energy, Hanesbrands, and Palantir Technologies will all deliver earnings results on Tuesday.

The Labor Department will on Tuesday publish the latest results of its Job Openings and Labor Turnover Survey. Several high-ranking Federal Reserve officials, including Governor Lael Brainard and New York Fed President John Williams, are also scheduled to deliver remarks.

The question of who would take over after Buffett has been a source of speculation for over 15 years. For years, it was assumed that Buffett’s successor would be David Sokol, who ran MidAmerican Energy, now called Berkshire Hathaway Energy, and NetJets for Berkshire. But Sokol left Berkshire in 2011 after it was disclosed he had taken on a $10 million stake in chemical company Lubrizol shortly before recommending Berkshire buy the company.

From Buffett’s perspective, Munger was simply acknowledging what has been a common practice for the board of directors. “We’ve always at Berkshire had basically a unanimous agreement as to who should take over the next day,” said Buffett. “The world’s paying more attention now.”

Stock futures fall as the tech sell-off is set to continue, Tesla and Apple shares decline
Futures contracts tied to the major U.S. stock indexes slipped Monday evening after a sell-off in Big Tech during the regular session.
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Why Elon Musk has Warren Buffett and other celebrity CEOs to thank for his 'Saturday Night Live' hosting gig
The Tesla and SpaceX chief isn't the first executive to transcend corporate America and cross over into pop culture.
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Here's where the jobs are — in one chart
U.S. firms hired far fewer workers than expected in April, as employers struggled to find people to fill job openings.
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Billionaire Warren Buffett taps his replacement at Berkshire Hathaway
Billionaire Warren Buffet confirmed that he has picked Greg Abel to lead Berkshire Hathaway once he steps down.
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Warren Buffett says Robinhood is catering to the gambling instincts of investors
Buffett suspected a lot of short-term options activity is coming through Robinhood.
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The Best Places to Visit in the USA From Napa Valley to Nantucket
Love the beach? The desert? The mountains? Don't sweat it — we have you covered!
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Women Who Out-Earn Their Male S.O.s Are Sharing How It Affects Their Relationships
"The only comment he has ever made concerning my salary is that I should be getting paid more for all the toxic and misogynistic crap I put up with."
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