Volatile stock markets are eroding the retirement savings of America’s teachers and firefighters after public pension systems ended last year with equity holdings at a 10-year high. Public pension fun...
Tag: SYND
Occidental Petroleum Stock Spikes. Here Are the Reasons Why.
Text size Spencer Platt/Getty Images Occidental Petroleum stock was rising sharply Monday. There are three reasons why. First, oil prices were surging Monday on supply fears as the U.S. and its allies...
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...
Russian Banks Turn to China to Sidestep Cutoff From Payments Systems
Russian banks that have been cut off from global payments networks are turning to China’s state-owned UnionPay system as the country tries to sidestep boycotts by Western businesses for its invasion o...
Morgan Stanley Hires 2 Advisors From J.P. Morgan
Morgan Stanley hired two advisors from J.P. Morgan Securities, the brokerage arm of JPMorgan Chase. Advisors Mark Horowitz and Joel Bodner previously managed approximately $750 million in client asset...
Mortgage Interest Deduction: How It Works in 2022
The number of taxpayers claiming mortgage interest deductions on Schedule A has dropped sharply since the 2017 tax overhaul enacted both direct and indirect curbs on them. For 2019, about 13 million f...
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...
Why War and Sanctions Are Good for Bitcoin
Illustration by Elias Stein Text size Russia’s invasion of Ukraine is pressuring equities, pumping up oil prices, and scrambling Federal Reserve plans to raise rates. Through it all, Bitcoin has been ...
Grab Stock Rebounds From Slump After Losses Widened
Text size A Grab Food delivery rider. Lauryn Ishak/Bloomberg Shares of Grab Holdings rebounded Friday following a slump after the Singapore-based ride-sharing and food delivery company reported a wide...
At Ford, the Chip Shortage Isn’t Getting Any Better. There Are More Output Cuts.
Text size The Ford company logo is displayed on a sign outside of the Chicago Assembly Plant on February 03, 2021 in Chicago, Illinois. Scott Olson/Getty Images The semiconductor shortage that is cons...
Broadcom Earnings Are Good News for Nvidia Stock. Here’s Why.
Broadcom chip G0d4ather/Dreamstime.com Text size Broadcom stock is jumping after the company reported stronger-than-expected earnings—and that could be good news for shares of Nvidia and other chip co...
Buy Foot Locker Stock. It’s Gotten Hit Hard Enough.
Foot Locker shares have declined but that may be good news for bargain hunters. James Bugg/Bloomberg Text size Here’s a Hail Mary play: Buy Foot Locker after the stock’s recent post-earnings swoon. Fo...
Cloud Stocks Have Become a Haven in Tech. 4 Stocks to Buy.
As the world emerges from the pandemic, tech companies have been put in a tough spot. They’re under pressure to sustain pandemic-era boosts, and many of them have struggled to meet the challenge, incl...
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...
Apple Stock Has Had a Tough Year. That Could Soon Change.
Text size Tech stocks like Apple have had a tough start to the year, but a turnaround could be coming. Sascha Steinbach/Getty Images for Apple Apple stock and the rest of big tech have faced a difficu...
Intel Is Still Struggling. Here’s Another Way to Play Chips.
Text size Intel stock was downgraded by Morgan Stanley. Courtesy Intel Corporation Shares of Intel and GlobalFoundries went in opposite directions Thursday after analysts at Morgan Stanley downgraded ...
The Commodities Boom Is Here. How to Invest With Funds.
Global supply-chain constraints have led to worldwide shortages, abnormal weather is hurting crop yields in major agricultural regions, and inflation has made real assets like commodities an attractiv...
Stock Market: The Worst Is Yet to Come. So Is a Swift Snapback.
Text size Traders at the New York Stock Exchange on Monday, Feb. 28. Michael Nagle/Bloomberg It’s the end of the world as we know it. The stock market, however, isn’t going anywhere. The last full tra...
Carl Icahn Slashes Stake in Occidental Petroleum
Text size These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities....
The Worst Is Yet to Come for Russia’s Economy. 50-50 Odds on a Russian Bond Default.
The Kasimovskoye underground gas storage facility, operated by Gazprom, in Kasimov, Russia. Russia is under unprecedented sanctions from much of the global economy. Andrey Rudakov/Bloomberg Text size ...
Carvana Is More Like Tesla Than Peloton, Says Analyst
Text size Carvana, an online auto dealer, has seen volatility in its stock. Mark Ralston/AFP via Getty Images Trading in shares of online-auto-dealer Carvana has been volatile lately as bulls and bear...