Berkshire Hathaway likely unloaded nearly $5 billion of financial stocks from its portfolio in the third quarter, and two possible candidates for the trimmed positions are Citigroup and Bank of New Yo...
Tag: Corporate
Philip Morris Declares Victory in Bid for Swedish Match
Philip Morris International is pushing ahead with its takeover of smaller tobacco rival Swedish Match despite falling short of winning over shareholders with around 90% of the target’s stock. On Monda...
‘My adviser has gone dark.’ My account has $500K in it, and I can’t get a hold of my adviser right now. What’s my move?
How to find the right finanical adviser Getty Images/iStockphoto Question: My business has a SIMPLE IRA (Savings Incentive Match Plan for Employees) for employees who want to participate after one yea...
Deutsche Bank Faces Threat of Fines Over Money-Laundering Controls
Germany’s top financial watchdog threatened to fine Deutsche Bank AG if it doesn’t implement controls against money laundering by a set deadline, suggesting the regulator isn’t satisfied with the bank...
Rohit Chopra is cracking down on big banks and Big Tech. Is he out of control?
In March, Rohit Chopra was invited to give a virtual speech at the University of Pennsylvania, an Ivy League school known for churning out finance-minded graduates who fill the rosters of Wall Street ...
Pfizer Stock’s Post-Covid Future Looks Healthy
These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. The reports are a sampling of analysts’ thinking; they should not be considered the views or rec...
Disney overtook Netflix as the streaming leader, and is expected to widen the lead
Walt Disney Co. displaced Netflix Inc. as king of the video-streaming market, and it is expected to widen the gap. Disney DIS, +0.33% seized the mantle three months ago as its potent content troika of...
DraftKings stock suffers worst day on record as ‘patience remains thin’ with gambling company’s losses
Shares of DraftKings Inc. suffered their worst daily performance on record Friday, after the sports-betting company topped revenue expectations but appeared to spook investors with its discussion of c...
Oil Companies Lift Their Dividends as Cash Rolls In
It was a busy week for dividend increases at energy companies, a bonus for investors who have scored as the stocks have taken off this year. The sector is prospering as Russia’s war against Ukraine ha...
Here’s strong new evidence that a U.S. stock-market rally is coming soon
Yet another piece of the investor-sentiment puzzle is falling into place to support a sizeable U.S. stock-market rally. I’m referring to an index that measures investors’ confidence that any market di...
Judge Pauses Albertsons’ $4 Billion Special Dividend From Kroger Merger
A Washington judge has blocked Albertsons Cos. from paying out $4 billion in dividends while regulators review its proposed merger with Kroger. King County Superior Court Commissioner Henry Judson a...
India-Focused Payments Company Ebix Races to Raise Cash Against Debt Deadline
Payments and software company Ebix Inc. is seeking to raise cash to pay back some $600 million in debt due early next year, but time is running short as it awaits regulatory approval for a public offe...
Amazon stock breaks long-term chart support, and the worst may still be to come
Amazon’s stock has tumbled enough over the past week to do real damage to its long-term chart — and enough to warn investors the worst may be yet to come. But amid the market turmoil and concerns over...
Sell These 3 Tech Stocks Because PC Demand Is Tumbling, Morgan Stanley Says
Falling demand for computers and electronics has made a Morgan Stanley analyst more pessimistic on three PC-related stocks. On Friday, Morgan Stanley analyst Erik Woodring reiterated his Underweight/S...
Opendoor Vents the Roof – WSJ
Zillow’s decision last year to jump out of this burning house is suddenly looking kind of smart. Opendoor Technologies said Thursday that its automated home-flipping business sold 33% more homes than ...
PayPal earnings forecast heads higher, but revenue outlook sends the stock lower yet again
PayPal Holdings Inc.’s cost-savings story began to play out in the latest quarter, but that wasn’t enough to satisfy investors as the digital payments giant also cut its revenue forecast for the full ...
Nikola Stock Is Rising. The Company Is Making More Trucks.
Stock in the electric and hydrogen truck-technology firm Nikola is rising after the company reported better-than-expected third-quarter sales. The company is ramping up production—a good sign for any ...
‘This has gone on too long’: The bank paid itself $18,000 in fees. My late father’s trust has not been distributed. What recourse do I have?
My father’s father set up a trust at a major bank with my father and the bank’s trust department as co-trustees. My father died at the end of last year; upon his death, the trust was supposed to be di...
Opinion: A switch to ‘premium’ can keep you invested amid the tech wreck in stocks
It seems as if the stock market is punishing all technology companies regardless of performance. That underlines a set of opportunities for long-term investors. There were many eyes on this cycle of t...