Text size Berkshire Hathaway CEO Warren Buffett. Saul Loeb/AFP via Getty Images Berkshire Hathaway continued its aggressive purchases of the shares of Occidental Petroleum this week, lifting its stake...
Tag: mergers
Berkshire Hathaway Bought Back About $2 Billion of Stock This Year
Text size Warren Buffett. Johannes Eisele/AFP/Getty Images Berkshire Hathaway bought back about $2 billion of stock in the first quarter through early March, Barron’s estimates. Our estimate is based ...
Rivian Stock Slumps After Earnings. Wall Street Says Buy the Dip Of Course.
Text size Courtesy Rivian If we learned anything from Rivian Automotive earnings and the reaction of the stock, it’s that the company’s production ramp-up isn’t happening fast enough for the market. W...
Binance to Ramp up Mergers and Acquisitions in Other Sectors
Binance is branching out – at least according to a recent Financial Times report. The world’s largest crypto exchange is planning a mergers and acquisitions spree into new markets amid ongoing regulat...
How the Federal Reserve could cut its near $9 trillion balance sheet as it fights inflation
Slimming down might be the trickiest part after two years of the pandemic. As the Federal Reserve looks to shrink its near $9 trillion balance sheet to help cool U.S. inflation pegged at a 40-year hig...
Oasis Petroleum and Whiting Are Close to Merging: Report
Text size David McNew/Getty Images Oasis Petroleum and Whiting Petroleum could announce an all-stock merger early this week, The Wall Street Journal reported. A combination of the rival North Dakota s...
Oasis, Whiting Near All-Stock Merger
Oasis Petroleum Inc. and Whiting Petroleum Corp. are close to a deal to merge, according to people familiar with the matter. The all-stock tie-up between the rival North Dakota shale drillers could be...
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...
Warren Buffett’s Berkshire Hathaway Has $5 Billion Stake in Occidental Petroleum
Text size Warren Buffett, CEO of Berkshire Hathaway. Johannes Eisele/AFP/Getty Images Berkshire Hathaway owns a 9.8% stake in Occidental Petroleum worth $5.1 billion after furious buying activity in s...
Chelsea Clinton Buys Large Block of Clover Health Stock
Text size Chelsea Clinton, a director at Clover Health, bought $252,530 of the embattled shares. Dimitrios Kambouris/Getty Images Clover Health Investments stock has tumbled this year. Director Chelse...
DraftKings Wrapped Up Its Investor Day. These Are the Main Takeaways.
Text size Scott Eisen/Getty Images for DraftKings DraftKings is on its way to achieving a path to profitability as it works to increase gross margins and reduce spending on customer acquisition, the c...
Vroom Stock Stalls Out as Used-Car Seller Posts Disappointing Quarter
Text size Vroom’s revenue was higher than anticipated, but the used-car seller lost more money than expected. Gabby Jones/Bloomberg Tight supplies and soaring prices for new cars continue to hav...
Covid-19 Vaccine Makers Face a New Rival as GlaxoSmithKline and Sanofi Prepare to Enter the Ring
As new Covid-19 cases fall, the postpandemic vaccine market grows more interesting. On Wednesday, GlaxoSmithKline and Sanofi, two of the world’s largest vaccine makers, said they would submit a Covid ...
Palantir Stock Is Soaring. An Analyst Sees Opportunity in the Dip.
Text size Palantir stock is at “more-reasonable levels,” says an analyst. Dreamstime Palantir stock is trading sharply higher Wednesday after Piper Sandler analyst Weston Twigg launched co...