OMAHA, Neb. — Warren Buffett’s company placed a rare bet on a technology company late last year and it has already paid off in a big way. Berkshire Hathaway BRK.B, -1.52% revealed in documents filed w...
Tag: Corporate
Ray Dalio’s Bridgewater boosts its bets on China
The world’s biggest hedge fund boosted its bet on Chinese companies in the fourth quarter. The latest 13-F filing from Bridgewater Associates shows the firm boosted the number of shares it’s held in A...
Intel Agrees to Buy Tower Semiconductor in $5.4 Billion Deal
Text size Justin Sullivan/Getty Images Intel Corp . agreed to buy Israeli company Tower Semiconductor for $5.4 billion as it looks to expand its manufacturing capacity and technology portfolio amid ri...
Intel reaches $5.4 billion deal to buy Tower Semiconductor
Intel Corp. on Tuesday struck a $5.4 billion deal to buy Tower Semiconductor, as it seeks to bolster its manufacturing capabilities. Intel INTC, -0.10% said it’s paying $53 per share in cash for Tower...
How Oil Could Hit $150. It’s Not Just About Russia.
Text size West Texas intermediate crude oil was trading near $94 a barrel on Monday. Spencer Platt/Getty Images By one measure, oil prices could rise to $150 a barrel this year, which would be the hig...
Elon Musk gave 5 million Tesla shares to charity after teasing possible donation to fight world hunger
Tesla Inc. Chief Executive Elon Musk donated more than 5 million Tesla shares in November, days after the U.N. World Food Program outlined a plan to potentially use a $6 billion donation from the worl...
Peloton’s New CEO Pours Cold Water on Sale Speculation. The Stock Drops.
Text size A Peloton logo on a dumbbell at the company’s showroom in Dedham, Massachusetts. Adam Glanzman/Bloomberg Peloton Interactive stock fell Monday after the exercise company’s new chief ex...
George Soros Buys a Big Rivian Stake
Text size Soros Fund Management’s stake was worth about $2.1 billion at the end of December. Courtesy Rivian George Soros’ family investment office, Soros Fund Management, revealed a new stake i...
What CEOs Are Saying: ‘We See Inflation Going Up Everywhere’
Here is what some of the world’s corporate leaders said in their quarterly earnings reports this week about inflation, pricing strategy and the pandemic. Coca-Cola Co. KO -1.78% Chief Executive James ...
Billionaire George Soros reveals stake in Rivian, sells some tech shares
Billionaire George Soros’ investment fund has taken a more than $1 billion stake in electric-pickup maker Rivian Automotive Inc. According to a filing with the Securities and Exchange Commission on Fr...
a clash of the West’s corporate and strategic interests
The deal went through swiftly – and almost immediately prompted calls for a national security review. Just three months after Chinese-state-owned Zijin Mining Group announced its US$960 million ...
The Arm deal is dead, but Nvidia is not expected to slow down
Nvidia Corp.’s acquisition of Arm Ltd. has been scuttled, but that isn’t expected to stop the chip maker’s charge into the data center. seeks to cut further into Intel Corp.’s and Advanced Micro Devic...
Zillow Is Betting on a Housing Super App. What Wall Street Thinks.
Text size Zillow Group announced plans to shut down its home-flipping business in November. Chris Goodney/Bloomberg Zillow ‘s spectacular decision to shut down its home-flipping business last year has...
Inflation Is Red Hot. How to Protect Your Portfolio and Grow Income.
Income investors—especially those who depend on fixed coupons from bonds—face a hit to their purchasing power as inflation stands above 7%. One strategy to hedge against such big price increases, howe...
GE’s Annual Report Is Shorter Again. Things Are Changing.
Text size General Electric plans to break itself into three parts. Sebastien Bozon/AFP via Getty Images General Electric ‘s latest annual report is more evidence that the company is shaking itself up....
4 Stocks That Could Thrive During Inflation
Text size Caterpillar is lucky to have customers flush with cash from rising commodity prices. Justin Sullivan/Getty Images Inflation is hot—and that’s cooling off plenty of companies’ earnings. But n...
Opinion: These 5 tech stocks — including small caps you probably don’t know — can lead the sector’s comeback
Amid all the big swings in the S&P 500 and other benchmarks, it’s natural for many investors to be worried. But as the adage attributed to Warren Buffett goes, sometimes it pays the most to be gre...