Making sense of the markets this week: May 12, 2024.

Warren Buffett has expressed confidence in investing in Canada despite its stagnating economy. He highlighted the benefits of operating in a major economy like Canada and mentioned that his company, Berkshire Hathaway, is currently looking at potential investments in the country. Buffett's last major investment in Canada resulted in a significant gain, indicating his ability to make money in the country. In other news, The Walt Disney Company experienced a decline in its share price despite a small earnings beat, as investors were concerned about future revenues. Reddit, on the other hand, had a successful first earnings report as a publicly traded company, with a surprising rise in revenues and user numbers. Uber had a disappointing earnings day, reporting a larger-than-expected loss, while Lyft outperformed profit forecasts. Shopify, despite an earnings beat, saw its shares decline due to decreased profit guidance. [Extracted from the article]