Text size Berkshire has scaled back its stock repurchase program this year, and that may be sending a message that CEO Warren Buffett doesn’t view the stock as being so cheap. Bill Pugliano/Gett...
Tag: North America
Travelers return to Southeast Asia but inflation could hurt recovery
After more than two years of lockdowns and border controls, Southeast Asia is finally experiencing some semblance of the old days of travel. Flights are steadily returning to 2019 levels in the region...
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 ...
Boeing Says ‘Drip, Drip’ of Bad News Should Stop. Investors Don’t Believe It.
Text size Boeing CEO Dave Calhoun expects air travel demand to stay. Dreamstime Boeing CEO Dave Calhoun spoke Wednesday at an conference in Qatar arranged by Bloomberg. For investors, there was some g...
Polestar, a New EV Company, Arrives This Week. It’s Worth More Than Rivian.
Text size Polestar expects to ship 50,000 electric vehicles in 2022 and 124,000 in 2023. Courtesy Polestar Polestar, the electric vehicle maker being spun out of Volvo Car , should begin trading on Fr...
Biden Proposes Gas Tax Suspension. That’s Not Why Oil Prices Are Falling.
Text size Crude prices fall as the Biden administration takes more steps to try to lower gasoline prices. Mario Tama/Getty Images Oil prices were falling Wednesday as President Joe Biden prepared to a...
A New EV Company Arrives This Week. It’s Worth More Than Rivian.
Text size Polestar expects to ship 50,000 electric vehicles in 2022 and 124,000 in 2023. Courtesy Polestar Polestar, the electric vehicle maker being spun out of Volvo Car (ticker: VOLCARB.Sweden), sh...
Stock Market Today: The Dow Edged Higher, While Tech Stocks Rallied
Text size A trader works on the floor of the New York Stock Exchange. Spencer Platt/Getty Images The stock market largely gained on Friday, closing out a volatile week of trading. Stability in the bon...
The Housing Market Just Hit a Wall. What’s Next for Prices, Brokers, and Builder Stocks.
My summer portfolio strategy is to play the old disco hit “Baby Come Back” while slow dancing with my December brokerage statements. If it works, I have a business idea involving Hall, Oates, and a tw...
Fed Rate Hikes Will End Sooner Than You Think. What That Means for Stocks.
Text size Federal Reserve Chairman Jerome Powell Drew Angerer/Getty Images The Federal Reserve’s aggressive interest rate increases can only last so long. The stock market could experience some relief...
Crypto Industry Shows Cracks as a Second Firm Limits Withdrawals
Text size Elements of the crypto industry appear to be seizing up as the currency plummets in value. Dan Kitwood/Getty Images Four days after crypto giant Celsius Network abruptly halted withdrawals f...
Unity Stock Initiated at Sell. It Once Was a ‘Pandemic Darling.’
Text size Hickey initiated coverage of Unity at a Sell rating with a $27 price target. David Paul Morris/Bloomberg Shares of Unity Software were falling in premarket Thursday after an analyst at Bench...
Travel costs are up but travelers aren’t canceling their plans yet
Summer travel talk sure isn’t what it used to be. Rather than sun, sand and surf, many travel discussions now center on inflation, rising fuel costs and flight cancellations, a situation which c...
NRG Energy, Post Holdings and Other Stocks That May Be Takeover Targets in 2022
Text size Retail energy provider NRG Energy could be a takeover target in 2022, according to a report from Citigroup. Scott Olson/Getty Images With stocks in a bear market, mergers aren’t likely to pi...
Netflix Stock Cut to Sell. Why This Analyst Says He Made a Mistake.
Text size Netflix shares have plunged by more than 70% so far in 2022 Getty Images A once infatuated Wall Street has definitely cooled on the godfather of streaming, Netflix , with a longtime bear adm...
Despite Economic Headwinds Agencies Forecast A Strong Ad Market For Second Half In The Year
The Men’s FIFA World Cup from Qatar begins on November 21 and runs through December 2022. It is a … [+] cyclical event that will boost the ad economy in the second half of 2022. (AP Photo/...
There Might Be a Recession, but It Won’t Be Long, Wall Street Says
Text size Morgan Stanley CEO James Gorman says he sees a 50% chance of a recession. Saul Loeb/AFP via Getty Images Fears about a possible recession sent stock markets into free fall on Monday as inves...
Fears of MicroStrategy Margin Call Mount as Bitcoin Slumps
Text size MicroStrategy would be forced to add to collateral if Bitcoin slips below $21,000. Dreamstime MicroStrategy , the business-intelligence software maker that borrowed money to invest in Bitcoi...
The Bear Market Is Officially Here. How You Could Still Profit Nicely Over Time.
Text size The S&P 500 entered bear territory just 111 trading days since its Jan. 3 record high. Spencer Platt/Getty Images The S&P 500 is in a bear market. History says it will probably get w...
Bitcoin Slips Below $25,000 as Celsius and Fed Batter Confidence
Text size Bitcoin has been hurt by a loss of confidence sparked by interest-rate hikes and problems at Celsius, one of the biggest crypto lenders. Paul Yeung/Bloomberg Bitcoin, the largest cryptocurre...
AMD Is the Chip Stock to Buy on the Dip, Morgan Stanley Says
Text size Courtesy AMD AMD stock is an attractive buying opportunity after its big drop this year, according to Morgan Stanley. On Wednesday, analyst Joe Moore resumed coverage on Advanced Micro Devic...