I regret buying a twin pack of 40-ounce ranch dressing jugs this past week. It’s not that I over-ranched—the warehouse club industry was built around rewarding extreme condiment commitments with low u...
Tag: Corporate/Industrial News
Warren Buffett’s Berkshire Hathaway Cleared to Buy as Much as Half of Occidental’s Shares
Warren Buffett’s Berkshire Hathaway has the green light from regulators to purchase as much as 50% of Occidental Petroleum Corp.’s shares, after seeking approval for such a transaction in July. In a r...
The Oil Surplus Could Persist. Expect Prices to Fall
Text size This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s. Expect Oil Prices to Fall THINK Economic and Finan...
Movie Theaters Brace for a Rough Intermission
Cineworld doesn’t seem to have much faith in The Rock, though he probably shouldn’t take it personally. The U.K.-based owner of the Regal Cinemas movie-theater chain is preparing to file for chapter ...
U.S. Companies on Pace to Bring Home Record Number of Overseas Jobs
U.S. companies are bringing workforces and supply chains home at a historic pace. American companies are on pace to reshore, or return to the U.S., nearly 350,000 jobs this year, according to a report...
Warren Buffett Not Expected to Bid for Control of Occidental Following Stake Boost
Warren Buffett’s bid to boost his big stake in Occidental Petroleum even further isn’t expected to serve as a prelude to a full takeover of the resurgent energy company by the widely watched billionai...
3 Companies That Declared Dividend Increases This Week
Text size Winnebago Industries said that it plans to boost its quarterly dividend by 50%. Courtesy of Winnebago It was a very light week for dividend announcements, which tend to slow down in August b...
Regal Owner Cineworld Nears Bankruptcy as Theater Comeback Lags
Cineworld Group PLC, the owner of Regal Cinemas, is preparing to file for bankruptcy within weeks after struggling to rebuild movie-theater attendance from pandemic lows, according to people familiar ...
S&P 500 earnings are rising only because of strength in this one sector
S&P 500 index company earnings for the second quarter were certainly better than expected, but it’s debatable whether overall results were actually good, given that year-over-year growth was due o...
Here’s what a leading bull and bear are saying comes next as markets stall
The stock market has all but stalled this week. The S&P 500’s 200-day moving average has seemingly morphed from magnet to resistor. It’s the summer: NYSE composite volume was the lowest of the yea...
Ford Faces $1.7 Billion Verdict in Fatal Rollover of F-250 Pickup
Ford Motor is facing a potential $1.7 billion in punitive damages after a Georgia jury reached a verdict Friday in a case involving a 2014 rollover of a Ford F-250 pickup truck that left two people de...
Single-stock ETFs: ‘We’re going to see this entire ETF category absolutely explode’
Hi! In this week’s ETF Wrap, you’ll get a look at the wave of single-stock ETFs that have recently hit the market — and whether they may be geared toward your investment approach. Please send feedback...
Verizon Faces Growing Price Pressures: Analyst
Text size Competitive concerns are weighing on Verizon stock, which was trading down 2.8% Thursday. Cindy Ord/Getty Images Shares of Verizon Communications were falling in Thursday trading after an an...
GM Reinstates Dividend. Ford’s Yield Is Higher.
Text size GM stock was rising after the auto maker said it was reinstating its dividend. Bill Pugliano/Getty Images American automotive giant General Motors is returning capital to shareholders again—...
Bill Gates Is Ecolab’s Largest Shareholder. He Just Scooped Up More Shares.
Text size Microsoft co-founder Bill Gates has been buying shares of Ecolab. Leon Neal/WPA Pool /Getty Images Ecolab ’s largest shareholder, Microsoft co-founder Bill Gates, bought more shares of the p...
Ryan Cohen Dumped Bed Bath & Beyond Stock. Is the Meme Trade Over?
Text size Ryan Cohen sold his entire stake in Bed Bath & Beyond. Justin Sullivan/Getty Images So much for diamond hands. Ryan Cohen, meme stock cheerleader extraordinaire, just did something that ...
Tech Stocks Are Due for Another Fall
Text size Technology fundamentals are getting worse, not better. One example is weakening demand for consumer electronics. Illustration by Barron’s (Dreamtime 4) For years, tech investors seemed...
Berkshire Hathaway Can Acquire Up to 50% of Occidental Petroleum, Filing Says
Text size Berkshire Hathaway currently has a 20% stake in Occidental. Callaghan O’Hare/Bloomberg Occidental Petroleum stock jumped Friday after Berkshire Hathaway got approval from the Federal E...
Serena Williams pushes Selena Gomez’s startup to $100 million valuation
In the same Vogue feature where Serena Williams announced her possible retirement after the U.S. Open, the tennis star said she’ll continue to prioritize investment in women-owned businesses. Days la...
Rivian Drops Cheapest Versions of Its Electric Truck and SUV Models
Electric-vehicle startup Rivian Automotive Inc. is discontinuing the cheapest versions of its pickup truck and SUV models, citing low customer demand. Eliminating the base version, dubbed the Explore ...
Hedge funds pile up $125 billion bet against the S&P 500’s big summer rally
A more than $125 billion institutional short position has been building up against the U.S. stock market, driven by hedge funds, according to BNP Paribas. Futures contract data points to a sharp incre...
Meme stock Bed Bath & Beyond ‘decoupled from economic reality’ but now getting crushed; it isn’t alone
This is an eventful time for meme stocks, as evidenced by Bed Bath & Beyond’s rollercoaster week. Shares of the troubled retailer skyrocketed recently, driven by the Wall Street Bets crowd on Redd...