Warren Buffett’s Berkshire Hathaway increased its stake in Occidental Petroleum Corp. in recent days. Berkshire bought about 5.8 million shares of Occidental in a series of purchases Friday, Monday an...
Tag: Corporate/Industrial News
Grayscale Bitcoin Fund Soars as Judges Sound Skeptical of SEC’s Arguments on ETF
Grayscale Investments for years has fruitlessly sought to convert its flagship product—the world’s largest Bitcoin fund at $14 billion—into an exchange-traded fund, most recently suing the Securities ...
BlackBerry Stock Dives on Latest Numbers as Revenue Forecast Disappoints
BlackBerry stock tumbled Tuesday, the morning after the Canadian cybersecurity firm released preliminary fiscal-year figures that disappointed Wall Street. The company said Monday evening that it expe...
As chip sales dry up, Nvidia CFO says spending on AI will save companies money
Nvidia Corp.’s financial chief reasons that the efficiencies businesses need are not from spending less money, but from spending more on technologies like artificial intelligence, even as chip sales d...
Opinion: Powell will have to push rates even higher for the Fed to get inflation to 2%
Inflation is proving tougher to curb than Federal Reserve Chairman Powell anticipated, and despite indicators that a recession could be coming, consumers and businesses apparently haven’t gotten the m...
Rivian stock down 7% in the extended session
Shares of Rivian Automotive Inc. RIVN, +1.24% fell more than 7% in the late session Monday, with losses accelerating after the electric-vehicle maker said it was selling about $1.3 billion in “green” ...
Apple’s stock surges again after Goldman says to buy, citing nearly 30% upside potential
Shares of Apple Inc. surged toward a third straight gain Monday after Goldman Sachs analyst Michael Ng urged investors to buy, as a growing installed base of users, which encourages repeat purchases, ...
Rivian, Tesla, and 2 Other EV Makers Are Recalling Vehicles
Monday is looking like recall day for electric-vehicle makers. A few have showed up on the National Highway Traffic Safety Administration website. Recalls from the large players don’t look serious. Re...
Altria deepens push into vape biz with two deals
Altria Group Inc. said Monday it would buy e-vapor company NJOY Holdings Inc. for $2.75 billion in cash, its second deal in recent days in the smokeless-tobacco space. Altria MO, +0.59% said the trans...
Hertz Warrants Offer a Good Alternative to the Stock. How to Play It.
Bulls on Hertz Global Holdings should consider the rental car company’s unusual and attractively priced warrants, which offer an alternative to Hertz common shares. First, some details on Hertz Global...
Lordstown Motors’ Sales Were Dreadful. The Stock Is Rising Anyway.
Sales and earnings from electric vehicle start-up Lordstown Motors show just how hard it has been to launch a new electric truck. Results look rough, but the beaten-up stock is rising in early trading...
Why the stock-market rally can keep going, says Morgan Stanley strategist who only recently warned of a death zone
On the heels of last week’s losing-streak breaking rally, investors look headed for the sidelines on Monday. Apart from an underwhelming growth forecast from China over the weekend that’s knocking oil...
Tesla, Apple, Ciena, and More Stock Market Movers
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Apple, Berkshire, Alphabet, and Microsoft Reap Benefit of Higher Rates
Rich corporations are getting richer thanks to higher interest rates. Apple (ticker: AAPL), Alphabet (GOOG), Berkshire Hathaway (BRK/A), and Microsoft (MSFT) have the largest cash positions among Amer...
CrowdStrike stock rallies as forecast shows confidence in new approach
CrowdStrike Holdings Inc. shares rose in the extended session Tuesday after the cybersecurity company’s earnings and outlook beat Wall Street, and executives said they are targeting the tough-to-close...