Ken Griffin, Founder and CEO, Citadel Mike Blake | Reuters Billionaire investor Ken Griffin’s hedge fund wowed the industry with big outperformance in April, overcoming a brutal market rout and ...
Tag: Breaking News: Business
Stocks churn near lows of the year in volatile trading after Nasdaq’s worst month since 2008
U.S. stocks swung between gains and losses on Monday morning as Wall Street tried to shake off a brutal month that saw the Nasdaq Composite suffer its worst stretch since 2008. The Dow Jones Industria...
Buffett bought more Apple last quarter and says he would have added more if the stock didn’t rebound
Warren Buffett and Charlie Munger at Berkshire Hathaway shareholder meeting, April 30, 2022. CNBC Warren Buffett bought the dip in his No. 1 stock Apple during the tech giant’s sell-off in the f...
How cinemas are going beyond studio marketing to lure moviegoers back
A Regal Cinemas movie theater stands at night on 42nd Street in New York, U.S., on Tuesday, Oct. 6, 2020. Amir Hamja | Bloomberg | Getty Images “If you build it, they will come.” Universal...
Airlines face big rebooking challenges this summer
Airline passengers, some not wearing face masks following the end of Covid-19 public transportation rules, sit during a American Airlines flight operated by SkyWest Airlines from Los Angeles Internati...
Can I live without it?
A pedestrian carries shopping bags in the Herald Square area of New York, U.S., on Wednesday, April 13, 2022. Calla Kessler | Bloomberg | Getty Images Sandy Magny plans to take her teenage daughter to...
Berkshire owns 9.5% of Activision Blizzard shares in merger arbitrage bet
Warren Buffett on Saturday said Berkshire Hathaway has been increasing its stake in Activision Blizzard in a merger arbitrage play, betting that Microsoft’s proposed acquisition of the video gam...
Warren Buffett gives his most expansive explanation for why he doesn’t believe in Bitcoin
Warren Buffett and Charlie Munger press conference at the Berkshire Hathaway Annual Shareholders Meeting, April 30, 2022. CNBC Bitcoin has steadily been gaining acceptance from the traditional finance...
Charlie Munger says Robinhood is justly ‘unraveling’ for ‘disgusting’ practices
Berkshire Hathaway Vice Chairman Charlie Munger blasted stock trading app Robinhood on Saturday, saying the company is now “unraveling.” “It’s so easy to overdo a good idea. &#...
Bill Murray reflects on inappropriate behavior that led to the shutdown of his latest film
Bill Murray is still reflecting on his inappropriate behavior, which led to a production shutdown on the Searchlight Pictures’ film “Being Mortal” last week. On Saturday, the actor t...
Warren Buffett rips Wall Street for turning the stock market into ‘a gambling parlor’
Berkshire Hathaway CEO Warren Buffett lambasted Wall Street for encouraging speculative behavior in the stock market, effectively turning it into a “gambling parlor.” Buffett, 91, spoke at...
From Dairy Queen to Brooks Running, Berkshire Hathaway’s businesses seeing an impact from inflation
Inflation has been one of the hot topics for markets this year, and rising prices are impacting portfolio companies for Berkshire Hathaway in different ways. In March, the Federal Reserve’s pref...
Warren Buffett significantly increases Chevron bet, now in Berkshire’s top 4 positions
Berkshire Hathaway added to its Chevron bet significantly during the first quarter, making the energy stock the conglomerate’s fourth biggest equity holding. The “Oracle of Omaha’s&#...
Berkshire Hathaway (BRK) earnings Q1 2022
Warren Buffett Gerry Miller | CNBC Warren Buffett’s Berkshire Hathaway reported Saturday a decline in first-quarter earnings, as the conglomerate was not immune to a slowing U.S. economy. The co...
Here’s the lowdown on Buffett’s shopping carnival for shareholders
Berkshire Hathaway Annual Shareholder Meeting signage in Omaha, Nebraska, April 29, 2022. David A. Grogan | CNBC Berkshire Hathaway shareholder meeting’s pregame is nothing short of an extravaga...
BJ’s Wholesale says judge should toss Walmart lawsuit over self-checkout app
Warehouse club BJ’s Wholesale is calling on a federal judge to toss a patent lawsuit filed by Walmart, saying the retail giant is trying to protect a self-checkout app that’s based on tech...
CDC says adenovirus may contribute to liver injury in healthy children
Adenovirus structure, computer illustration showing the surface structure of the virus’ outer protein coat (capsid). Kateryna Kon | Science Photo Library | Science Photo Library | Getty Images N...
Meet Sox, the breakout star of Disney’s ‘Lightyear,’ and the next hot toy
Disney screened the first 30 minutes of its new Pixar film “Lightyear” at CinemaCon in Las Vegas on Wednesday, but the biggest buzz amongst attendees wasn’t for the title character a...
FAA delays environmental decision on SpaceX’s Starship launches to May
SpaceX’s Starbase facility in Boca Chica, Texas. Michael Sheetz | CNBC The Federal Aviation Administration for a fourth time delayed its environmental review of SpaceX’s Starship rocket pr...
FDA panel to discuss Novavax Covid vaccine, Pfizer and Moderna kids shots
Medical syringes and Novavax logo displayed in the background are seen in this illustration photo taken in Krakow, Poland on December 2, 2021. Jakub Porzycki | NurPhoto | Getty Images The Food and Dru...
What to expect from Warren Buffett and Charlie Munger
Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Warren Buffett is set to kick off Berkshire Hathaway‘s annual shareholder...
Exxon (XOM) earnings Q1 2022
A view of the ExxonMobil Baton Rouge Refinery in Baton Rouge, Louisiana, May 15, 2021. Kathleen Flynn | Reuters Shares of Exxon Mobil slid on Friday after the company took a $3.4 billion after-tax cha...
Chevron (CVX) earnings Q1 2022
The Chevron logo is displayed as a tanker truck enters the Chevron Products Company El Segundo Refinery on January 26, 2022 in El Segundo, California. Patrick T. Fallon | AFP | Getty Images Chevron...
Walmart unveils activewear line with Michelle Smith, Stacey Griffith
Fashion designer Michelle Smith and SoulCycle instructor Stacey Griffith are debuting their activewear line, Love & Sports, at Walmart. The line is designed to be fashion-forward, with vibrant col...
Hepatitis outbreak in kids may be linked to adenovirus, WHO says
An outbreak of severe hepatitis in healthy children that has caused liver failure in some kids might be linked to adenovirus infection, and not hepatitis as originally suspected, though further invest...
McDonald’s (MCD) Q1 2022 earnings beat estimates
McDonald’s on Thursday reported better-than-expected earnings and revenue, fueled by price hikes in the U.S. and strong international sales growth. But the war in Ukraine and inflation in the fa...
Southwest Airlines 2022 profit forecast sees bookings, fares outpacing costs
A Southwest Airlines jet lands at Midway International Airport on January 28, 2021 in Chicago, Illinois. Scott Olson | Getty Images Southwest Airlines reiterated its forecast for second-quarter and 20...
Merck (MRK) earnings Q1 2022
Medicine pill is seen with Merck logo and words ‘Molnupiravir’ and ‘COVID-19’ displayed on a screen in the background in this illustration photo taken in Poland on November 5, ...
Ford cuts 580 U.S. salaried, agency workers as it restructures for EVs
Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT – Ford Motor is cutting 58...
Ford (F) earnings Q1 2022
Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn Michigan. Courtesy: Ford Motor Co. DETROIT – Ford Motor is set to report its first-quarter results after the b...
How one European asset manager with $40 billion is weathering uncertainty in the region
(Click here to subscribe to the Delivering Alpha newsletter.) Mathieu Chabran helms Tikehau Capital, a European asset manager, which oversees $40 billion in private debt, real assets, private equity, ...