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STOCKS TRADE MIXED, TESLA SURGES DAY AFTER EARNINGS

Tesla shares jump after EV maker vows to speed up launch of more affordable models

Berkshire Hathaway Just Invested in Another Fintech

Matthew Frankel, CFP, The Motley Fool
·2 min read
Berkshire Hathaway Just Invested in Another Fintech

Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) has had a difficult time finding places to put its money to work in recent years, and this has led to the company branching out into more tech-focused investments. Banking has long been a favorite industry of Buffett's, and that's obvious in the company's massive stock portfolio -- in fact, Bank of America (NYSE: BAC) is Berkshire's second-largest investment. It was reported on Tuesday that Berkshire has invested $500 million in another Brazilian fintech start-up called Nubank, which is best known for issuing credit cards.

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