- The Latte
- Posts
- Buffett Still Reigns: America's Billionaire Sweetheart
Buffett Still Reigns: America's Billionaire Sweetheart
New Poll Crowns Him The Most Beloved Billionaire
George Babis
May 11, 2025
There’s a reason 400,000 professionals read this daily.
Join The AI Report, trusted by 400,000+ professionals at Google, Microsoft, and OpenAI. Get daily insights, tools, and strategies to master practical AI skills that drive results.
Helloo World! It’s Sunday, and we’re kicking off the week with the key headlines shaping markets, policy, and tech:
Powell Holds Steady, Trump Pushes for Cuts: The Fed keeps rates unchanged as tariffs complicate inflation forecasts and political pressure mounts.
Warren Buffett Tops Favorability Rankings: America’s most admired billionaire remains Buffett, even as he prepares to step back from CEO duties.
DraftKings Misses on Revenue—But No Panic: A betting win for customers, not shareholders, but investors shrug it off as EPS stays on track.
Axon Delivers Again with 30%+ Growth Streak: Tasers and tech keep soaring as Morgan Stanley boosts its bullish outlook.
Temu’s Traffic Plunges 55% Amid Tariff Fallout: Consumer pullback hits hard following pre-tariff stockpiling and rising Chinese import costs.
You’ve probably heard the old Wall Street saying: “Sell in May and go away.” 🏃♂️🏃♀️
Well, we’re not going anywhere.
We’re crushing the market — 7 out of 7 of our stock picks rose after earnings last week, thanks to continued strong execution and solid results.
2 of our stocks even spiked over 20% on the back of stellar earnings reports.
👉 Join our Club and discover market-beating stocks.
💬 You’ll also get access to our private Discord, where I share weekly stock updates, real-time portfolio insights, and more.
🎁 Today only: Join the Club with 20% off — Click here to join!
Happy and successful investing! 🚀
— George
Founder & Writer, The Latte
Powell Says "Wait and See" as Trump Demands Cuts
The Federal Reserve left interest rates unchanged at 4.25–4.50% for the third time in 2025, citing ongoing uncertainty about how tariffs will affect inflation and the economy. Chair Jerome Powell emphasized a cautious "wait and see" approach 🤔🧘♂️ , despite mounting political pressure from President Trump, who publicly lashed out, demanding cuts. Powell acknowledged the potential dilemma ahead: tariffs could push inflation and unemployment up at the same time, forcing the Fed to choose between conflicting parts of its dual mandate.
Investors Stay Calm Despite DraftKings’ Revenue Miss
DraftKings’ Q1 revenue came in slightly below expectations, partly due to “customer-friendly sport outcomes” during March Madness — meaning fewer upsets and more winning bets for users. Despite the miss, the company met EPS targets, and investors appear unfazed, with shares rising 😎. CEO Jason Robins said that without the betting losses in March, DraftKings would have raised its full-year guidance. 📈
Axon Stuns Again with Fifth Straight Quarter of 30% Growth
Axon, the maker of Tasers and police tech, surged nearly 15% after strong Q1 results and a bullish report from Morgan Stanley. Analysts praised Axon’s consistent 30%+ growth, especially in its software and services division, which jumped 39% year-over-year. Despite its lofty 100x P/E ratio, Morgan Stanley believes Axon’s premium valuation is justified due to durable, multi-vector growth and raised its price target to $695. 👍👍
Temu Traffic Collapses 55% as Tariffs Bite
Traffic to Chinese e-commerce site Temu dropped by 55% in April ⬇️⬇️⬇️, while Shein fell 23%, ahead of the May 2 end of the de minimis tariff exemption. The decline followed consumer stockpiling and subsequent price hikes due to 145% import taxes on Chinese shipments. In contrast, U.S. retailers like Amazon, Walmart, and Target also warned of price increases, but Amazon’s traffic dipped only 4%.