Buffett's investing lessons, COVID plot thickens, Ethereum analyst predicts March rally and more: 5 key stories you may have missed from the weekend

Here's a recap of some headlines that made headlines over the weekend as investors take stock of the stalled market recovery and plan their next moves.

1. Berkshire Earnings, Letter from Buffett: Billionaire investor Warren Buffett, led by Berkshire Hathaway, Inc., BRKA BRKB's fourth-quarter results released Saturday showed lower earnings, led by investment losses. The development comes as no surprise given the lackluster market conditions. Buffett's letter to the company's shareholders was also released with the report and it delved into the company's beginnings, evolution, investment ideology and future direction.

2. COVID Likely Triggered by Lab Leak, Energy Department Says: The U.S. Department of Energy determined that the initial COVID-19 pandemic resulted from a lab leak in China, The Wall Street Journal reported. , citing a classified intelligence report submitted by the federal agency to the White House and key members of Congress. The new report gains importance because it is based on new information. Additionally, the Department of Energy is known for its scientific expertise as it oversees a network of US National Laboratories, including those that conduct advanced biological research.

See also: How to invest in startups

3. Summers Says Russia Must Foot the Bill for Rebuilding Ukraine: In an interview with CNN, former Treasury Secretary Larry Summers said the funds needed to rebuild Ukraine should come from seizing assets of the Russian state. He also recalled that Russia seized German assets after World War II for its own reconstruction.

4. Ethereum is poised to take off, analyst says: Ethereum ETH/USD is gearing up to assume leadership in the crypto market rally, analyst says. Chris Burniske, former head of blockchain products at Ark Invest, said a slight pullback in cryptos is likely, but shrugged off talk of further lows. After Bitcoin's strong BTC/USD performance in January and consolidation in February, the analyst said he expects Ethereum to lead the rest, with the Shanghai upgrade driving ETH staking flows.

5. Meta takes on ChatGPT with LLaMA: Following the AI ​​revolution taking shape with the popularity of ChatGPT, Meta Platforms, Inc. META apparently doesn't want to be outdone. He announced the “Large Language Model Meta AI,” or LLaMA, which would help researchers advance their work in this subfield of AI using a state-of-the-art core language model. technology.

What Else: Bloomberg's Mark Gurman said that Apple, Inc.'s secretive AAPL group, named "Exploratory Device Group" or XDG, which is working on wireless glucose monitoring technology sting, is also experimenting with several other revolutionary technologies.

Even a...