Warren Buffett, chairman and chief executive officer of Berkshire Hathaway. Andrew Harrer/Bloomberg Berkshire Hathaway CEO Warren Buffett had some choice words for financial advisors and asset manager...
Tag: corporate strategy
IBM Sales Growth Tops Estimates, Powered by Software and Consulting
Text size IBM has a dividend yield of 5.2%, the highest of any stock in the Dow Jones Industrial Average. Ethan Miller/Getty Images IBM posted better-than-expected first-quarter financial results, as ...
Peloton Is Raising Its Subscription Price. What It Means for the Stock.
Text size Peloton XXX Ezra Shaw/Getty Images For years, Peloton Interactive executives characterized the company’s $39 a month subscription price point as “sacred,” “sacrosanct,” and “our golden goose...
Warren Buffett Says He Is in Great Health With No Plans to Step Down as CEO
Text size Warren Buffett Paul Morigi/Getty Images for Fortune/Time Inc Warren Buffett says he is in excellent health and has no plans to step down as CEO of Berkshire Hathaway as he eagerly anticipate...
AT&T Cut Its Dividend With the Spinoff. Why It’s Still Generous.
Text size AT&T’s dividend commitment will total around $8 billion annually. Dreamstime AT&T has officially spun off its media business, with Warner Bros. Discovery trading on its own for the f...
AT&T Stock Rises After Completion of WarnerMedia Spinoff
Text size AT&T has completed the spinoff of WarnerMedia. Justin Sullivan/Getty Images AT&T wrapped up its WarnerMedia spinoff late last week, and the stock was rising on Monday. The stock jump...
Here is what AT&T is giving investors in WarnerMedia spinoff, and how it will work
AT&T Inc. detailed its plans for the spinoff of WarnerMedia on Friday, with investors eventually expected to receive a share of the new streaming-media entity for every four AT&T shares they o...
China’s Big Tech Firms Are Axing Thousands of Workers
BEIJING—China’s biggest tech companies are conducting large-scale layoffs this year as they deal with an economic slowdown and Beijing’s regulatory pressure. Tencent Holdings Ltd. TCEHY -7.14% , opera...
Tesla’s Elon Musk Is Working On Master Plan 3. The Stock Is Jumping.
Text size Elon Musk. Jim Watson/AFP via Getty Images A Thursday tweet from Tesla CEO Elon Musk seems to be helping the stock. All it says is “working on Master Plan Part 3,” but people who follow the ...
Tesla CEO Elon Musk Is Working On Master Plan 3. Investors Are Excited.
Text size Elon Musk. Jim Watson/AFP via Getty Images A Thursday tweet from Tesla CEO Elon Musk seems to be helping the stock. All it says is “working on Master Plan Part 3,” but people who follow the ...
Chewy Co-Founder Ryan Cohen Takes Large Stake in Bed Bath & Beyond, Pushes for Changes
Ryan Cohen, the billionaire co-founder of online pet-products retailer Chewy Inc., CHWY 2.91% has a big stake in Bed Bath & Beyond Inc. BBBY -3.40% and is pushing the housewares retailer to stream...
Ford CEO Shuts Down EV Spinoff Rumors. The Ford Family Won’t Let It Happen.
Ford Motor CEO Jim Farley told investors Wednesday there were no plans to spin off his company’s electric vehicle business. That shouldn’t be a surprise. The Ford family is unlikely to ever let an EV ...
AT&T CFO Defends Spinoff, Saying It Benefits Retail Investors
Text size AT&T’s chief financial officer, Pascal Desroches. Courtesy AT&T AT&T is defending its move to spin off its big stake in WarnerMedia rather than pursue a split-off, or excha...
Opinion: Warren Buffett is teaching meme-stock players and crypto traders some hard lessons about why market fundamentals still apply
In early 2021, age-old investing principles of business valuation were declared passe by meme-stock buyers, SPAC enthusiasts, and crypto-traders. A new generation of market players declared that Warre...
IBM Earnings Are Strong as Turnaround Takes Hold
Text size IBM sales were up 6.5% in the fourth quarter, to $16.7 billion. Ethan Miller/Getty Images IBM posted strong results Monday for its fourth quarter, with its best sales growth in more than a d...
IBM stock rallies as earnings, sales surge amid Kyndryl spinoff
International Business Machines Corp. shares rallied in the extended session Monday after Big Blue topped Wall Street expectations following the spinoff of its managed infrastructure-service business,...
Intel still has a lot to prove to Wall Street one year after Pat Gelsinger came home
Intel Corp. had a rough 2021, and it looks like the chip maker will still face Wall Street criticism in 2022 for its ambitious capital investment plan and the success of competitors amid continuing de...
Johnson & Johnson’s got a new CEO and a plan to split the company in two. Here’s what else to expect out of J&J’s earnings
Johnson & Johnson JNJ, -0.31% has long been viewed as a bellwether stock for other health care companies, given its early slot in the earnings calendar and a business model that spans everything f...
Stock Surge Validates AT&T’s Move to Spin, not Split, Stake in Warner Bros.
Text size AT&T’s spinoff appears to be popular with its legions of retail investors. Chris DELMAS / AFP / Getty Images The 7% gain in AT&T shares Monday offers some validation for the co...