Financials: Warren Buffett Doubles Down on Brazil and U.S. Consumers Are Spending More Than Pre-COVID

<p>We recently learned that <strong>Berkshire Hathaway</strong>(NYSE: BRK.A)(NYSE: BRK.B) is investing $500 million in a Brazilian fintech startup, following up on its successful investment in <strong>StoneCo</strong> (NASDAQ: STNE) a few years ago. Plus, <strong>Bank of America</strong> (NYSE: BAC) CEO Brian Moynihan says that consumer spending is 20% higher than it was before the pandemic, and Fool.com contributor Matt Frankel thinks it could have big implications for the financial sector. Frankel and host Jason Moser also discuss the latest mall REIT to file for bankruptcy, and each reveal one stock they're watching this week. </p> <p><strong>Check out more of our content here:</strong></p> <p><a href="https://www.fool.com/podcasts/"><span style= "font-weight: 400;">Podcasts</span></a></p> <p><a href= "https://www.youtube.com/user/TheMotleyFool"><span style="font-weight: 400;"> Youtube</span></a></p> <p><a href= "https://twitter.com/mfindustryfocus?lang=en"><span style= "font-weight: 400;">Twitter</span></a></p> <p><span style="font-weight: 400;">Reach us by Email @</span> <a href="http://IndustryFocus@fool.com/"><span style= "font-weight: 400;">IndustryFocus@fool.com</span></a></p>