Text size Berkshire CEO Warren Buffett has been steadily adding to his company’s position in Occidental for months. Andrew Harrer/Bloomberg Berkshire Hathaway continues to add its stake in Occid...
Tag: Diversified Holding Companies
3M Earplugs Fight Stems From Self-Made Legal Battle
A long-running legal battle over allegedly defective earplugs made by 3M arose after the company initiated a separate dispute against a smaller competitor, court documents showed. 3M’s effort to prote...
Warren Buffett’s Berkshire Hathaway Buys More Occidental Stock
Text size Warren Buffett’s Berkshire Hathaway purchased more Occidental Petroleum stock. AFP via Getty Images Warren Buffett’s Berkshire Hathaway disclosed the purchase of another large block of...
Will Coinbase go bankrupt? Crypto CEO says there is ‘no risk of bankruptcy’
““We have no risk of bankruptcy.”” That’s a quote from Brian Armstrong, chief executive and co-founder of cryptocurrency exchange platform Coinbase COIN, -10.63%. In a series of tweets on May 10, Arms...
GE Stock Gets a Big Cut but Investors Shrug It Off
Text size GE wind turbines. Sebastien Salom-Gomis/AFP via Getty Images The stock market is said to be forward looking. That seems to be the case headed into second-quarter-earnings season. Stocks are ...
Berkshire Holds Over 18% of Occidental After Fresh Buys
Text size Berkshire CEO Warren Buffett likes Occidental and has been adding to the company’s stake since the holding was disclosed in early March. Paul Morigi/Getty Images for Fortune/Time Inc Berkshi...
Buffett’s Berkshire Hathaway Buys More Occidental Petroleum Stock
Text size Warren Buffett hip Somodevilla/Getty Images Berkshire Hathaway continued to buy more shares of Occidental Petroleum in recent days, purchasing a total of about $580 million of stock on Wedne...
Russia Takes Control of International LNG Project
Russia took control of the international consortium behind the giant Sakhalin-2 oil-and-natural-gas project, handing it to a new Russian entity that will effectively give the Kremlin say over which fo...
Berkshire Holds 16.4% of Occidental Petroleum After Recent Purchase
Text size Buffett likes American companies, and Occidental gets the vast bulk of its energy production domestically. Johannes Eisele/AFP/Getty Images Berkshire Hathaway continued to add to its stake i...
Berkshire Hathaway Holds 16.3% of Occidental Petroleum After Recent Buys
Text size Warren Buffett, chairman and CEO of Berkshire Hathaway. Kevin Dietsch/Getty Images Berkshire Hathaway purchased more than $500 million of Occidental Petroleum stock recently and now holds a ...
Bitcoin crash: These three metrics show how bad the carnage is, and what to expect next
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on T...
Warren Buffett gives away $4 billion in Berkshire Hathaway stock as bidding for his last ever luncheon hits $3 million
As bidding for the last-ever chance to lunch with Berkshire Hathaway’s chairman and CEO Warren Buffett reached the $3 million mark, the investing legend himself announced a $4 billion giveaway in stoc...
Cosmetics Maker Revlon Nears Chapter 11 Filing
Revlon Inc. is preparing to file for chapter 11 protection as soon as next week after struggling for years with too much debt, stiff competition in the cosmetics business and more recent inflation and...
Ethereum close to its major upgrade, but why has it fallen more than bitcoin?
This article has been updated to correct the identification of Citadel Securities. Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m w...
Tesla Needs Batteries. This Buffett-Backed EV Maker to Supply Them ‘Very Soon.’
Text size BYD launched its Blade battery in 2020. Qilai Shen/Bloomberg BYD shares rose on Wednesday after the Chinese electric vehicle maker said it was preparing to supply batteries to Tesla. “We are...
Ethereum could ‘take over everything’, and there won’t be a multi-chain future, says EY’s blockchain leader
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest an...
Which of Buffett’s bank stocks might make you the most money?
This is the time of the quarter when investors get to see what changes Warren Buffett and the management team at Berkshire Hathaway have made to the conglomerate’s stock portfolio. The big splash in B...
These companies hopped on the crypto train when times were booming. Which are exposed in a downturn?
During recent cryptocurrency booms, companies have been quick to jump on the trend, whether by reorienting their entire businesses around the buzzy theme, building meaningful crypto features alongside...