Why it matters: Despite murmurs of an impending economic crash, the U.S. has seen strong job growth and record low unemployment as trade wars, sweeping technological change and new media consumption habits are changing the American economy.
Illustration: Sarah Grillo/Axios
American farmers are struggling to safely use the roads that cut through their fields; decades of neglect and lack of funding have made the routes dangerous.
The big picture: President Trump has long promised to invest billions in rural infrastructure, and his latest proposal would allocate $1 trillion for such projects. Rural America, where many of Trump's supporters live, would see a large chunk of that money.
A combine in Rippey, Iowa harvests soybeans in October 2019. Photo: Joe Raedle/Getty Images
Soybean reserves in the U.S. are anticipated to drop 25% within this next season as exports to China rebound, the Department of Agriculture announced at its annual outlook forum on Friday, Bloomberg reports.
The big picture: Soybean prices sunk to a 10-year low last year after the U.S.-China trade war escalated, at the time leaving little hope that China — the world's biggest soybean importer —would continue buying U.S. soybeans.
Warren Buffett. Photo: Daniel Zuchnik/WireImage
Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday morning, sharing investment reflections and eyeing the future of the Omaha, Nebraska-based holding company and the market at large.
Details, via Axios' Courtenay Brown: Buffett turns 90 this year, though there’s no indication he plans to step aside, there is speculation about Buffett’s successor. Berkshire also notably exited the newspaper business last month.