Text size Berkshire Hathaway now owns 10.6% of Paramount Global. Dreamstime Berkshire Hathaway ’s purchase of more than 10% of Paramount Global , disclosed late Monday, normally would have triggered a...
Tag: Ownership Changes
Warren Buffett’s Berkshire Hathaway reveals new stakes in Paramount, Citigroup
OMAHA, Neb. — Warren Buffett’s company on Monday revealed all the investment moves it made in the first quarter, when it spent more than $51 billion on stocks. But Buffett had already shared the bigge...
Berkshire Hathaway Sold Nearly All Its Verizon Stake in the First Quarter
Text size Warren Buffett’s Berkshire bought stakes in Paramount Global and Market in the first quarter. Paul Morigi/Getty Images for Fortune/Time Inc Berkshire Hathaway bought stakes in Citigrou...
Diamondback Energy Agrees to Buy Rattler Midstream for $2.2 Billion
Text size The energy landscape has transformed dramatically since Rattler was taken public in 2019. Callaghan O’Hare/Bloomberg Rattler Midstream shares soared on Monday after the company announc...
JetBlue Launches Tender Offer for Spirit Airlines at $30 a Share
Text size Spirit Airlines planes are shown at the George Bush Intercontinental Airport in Houston (Photo by Brandon Bell/Getty Images) Spirit Airlines shares surged Monday after JetBlue Airways launch...
Crypto Prices Move in Tandem With Traditional Markets, Punishing Investors
Cryptocurrency prices are moving in lockstep with stocks and bonds like never before, punishing those who bought bitcoin and other digital assets in part to diversify their investment holdings. The th...
JetBlue to Launch Tender Offer for Spirit, Urge Shareholders to Vote Against Frontier Deal
JetBlue Airways Corp. said it plans to launch a hostile takeover attempt for discount carrier Spirit Airlines Inc. after Spirit rejected JetBlue’s $3.6 billion offer in favor of an existing deal with ...
Soros fund doubles down on Rivian bet, buys stakes in Lucid, Nio
Billionaire George Soros’s investment fund has doubled down on its bet on Rivian Automotive Inc. and taken new positions on EV makers Nio Inc. and Lucid Motors Inc., according to a filing late Friday....
Fisker and Foxconn confirm compact EV will be built at Lordstown plant
Fisker Inc. confirmed Thursday that Foxconn will build its second car, a compact EV, at a newly acquired plant in Lordstown, Ohio. The Fisker FSR, +12.55% Pear will enter production in 2024 and cost a...
Rivian reports earnings this week with stock under more pressure than ever
Rivian Automotive Inc. is slated to report first-quarter earnings after the bell Wednesday, with the EV maker battling a steep decline of its shares and fears of continued operational snags. Rivian RI...
DraftKings Golden Nugget purchase could lead to ‘revenue uplift,’ CEO says
DraftKings DKNG, -16.43% has completed its purchase of Golden Nugget Online Gaming in the company’s latest move to boost revenue and lower costs. The acquisition was an all-stock deal worth roughly $4...
As Demand for Mental-Health Care Booms, Investors See Opportunities
Psychiatrists and psychologists once ran their own practices. Now the local therapist office could be controlled by a buyout king. Venture capitalists and private-equity firms are pouring billions of ...
Big Pharma Has Enough Cash to Buy All of Biotech. Why M&A Isn’t Happening.
Text size Late last year, Barron’s predicted a wave of deals, citing biotech companies’ cash holdings. Above, the plates used to print one-dollar bills. Alex Wong/Getty Images With biotech...
Stock market selloff in ‘liquidation’ stage. Why it needs to get ‘hotter’ before it burns out.
This week’s violent U.S. stock-market turnabout may have left investors feeling shaken, but a liquidation phase that may finally be under way will probably need to “get hotter” before it burns itself ...
Zillow Stock Tumbles After Selling More Homes Than Expected. Here’s Why.
Text size Zillow says it has 1,300 homes left in its inventory, most of which have sold or are in agreement to be sold or disposed. Courtesy of Zillow Faster-than-expected home sales in Zillow’s iBuyi...
Virgin Galactic Stock Is Tumbling. Here’s What’s Troubling Analysts.
Text size Truist Securities downgraded Virgin Galactic stock to Hold from Buy. Courtesy Virgin Galactic Virgin Galactic Holdings Virgin Galactic Holdings stock continues to slide on Monday after Truis...