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Berkshire Hathaway, led by legendary investor Warren Buffett, has been making a confidential wager on the financial industry since the third quarter of last year. The identify of the stock — or stocks — that Berkshire has been snapping up could be revealed Saturday at the company’s annual shareholder meeting in Omaha, Nebraska. That’s because […]
Berkshire Hathaway’s big mystery stock wager could be revealed soon Read More »
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The typical family office costs more than $3 million a year to operate, as competition for talent drives up staffing expenses, according to
Talent war between family offices and Wall Street drives up salaries Read More »
Bill Stone, chief investment officer at Glenview Trust, has attended 20 Berkshire Hathaway annual shareholder meetings in Omaha, Nebraska. A longtime Warren Buffett disciple and a Berkshire shareholder since 1999, Stone’s own investing style has been inspired by the “Oracle of Omaha” — a value-oriented approach with an emphasis on the so-called margin of safety.
Check out the companies making headlines before the bell. Hershey — Shares of the chocolate confectionary maker added about 1% after Hershey posted a first-quarter earnings beat. The company reported adjusted earnings of $3.07 per share, which came above the $2.76 per share analysts polled by LSEG had expected. Hershey’s $3.25 billion revenue also beat
Stocks making the biggest moves premarket: Apple, Amgen, Cloudflare and more Read More »
A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a “scapegoat” and failing to take its share of responsibility for missing the trades. Kavish Kataria, who was dismissed from the bank’s Delta One desk last year, said the profits and losses on his trades
'Trader justice': Ex-SocGen trader fired for risky bets claims he was made a 'scapegoat' Read More »
BEIJING — Chinese automakers, including state-owned auto giant GAC Group, can’t afford to take it easy in the country’s electric car boom if they want to survive. Adoption of battery and hybrid-powered cars has surged in China, but an onslaught of new models has fueled a price war that’s forced Tesla to also cut its
Check out the companies making headlines in after-hours trading: Apple — The iPhone maker advanced 7% as it announced a $110 billion share repurchase and a top- and bottom-line beat. Apple’s fiscal second-quarter earnings came in at $1.53 per share, while revenue was $90.75 billion. That surpassed analysts’ estimates for earnings of $1.50 per share
Stocks making the biggest moves after hours: Apple, Cloudflare, Expedia, Block and more Read More »
Check out the companies making headlines in midday trading: Apple — Shares ticked up roughly 2% ahead of the iPhone maker’s second-quarter results due after the closing bell. Peloton — Shares dropped 13% after the exercise equipment company announced Thursday that CEO Barry McCarthy will be stepping down and that the company will lay off
Stocks making the biggest moves midday: Apple, Peloton, Wayfair, Carvana and more Read More »
Check out the companies making the biggest moves in premarket trading: Peloton Interactive — Shares climbed 15% after the fitness company announced CEO Barry McCarthy will step down while it seeks a permanent CEO. Peloton also set a restructuring plan that will cut 15% of its staff, or about 400 employees. Once a pandemic darling,
Stocks making the biggest premarket moves: Peloton, Carvana, Cigna, Qualcomm and more Read More »
Check out the companies making headlines in extended trading: DoorDash — Shares of the food delivery company tumbled 13% after its first-quarter report revealed a wider-than-expected loss. DoorDash lost 6 cents per share on $2.51 billion in revenue. Analysts surveyed by LSEG were expecting a loss of 4 cents per share on $2.45 billion in
Stocks making the biggest moves after hours: eBay, Qualcomm, DoorDash, Carvana and more Read More »
