Warren Buffett and Charlie Munger at press conference during the Berkshire Hathaway Shareholders Meeting in Omaha, Nebraska, April 30, 2022. CNBC Berkshire Hathaway‘s Warren Buffett said his sprawling conglomerate may only slightly outperform the average American company due to its sheer size and the lack of buying opportunities that could make an impact. The Omaha-based … Read more
CNBC’s Jim Cramer on Friday guided investors through next week’s market action, advising them to pay attention to earnings reports from companies including Salesforce, Snowflake and Domino’s. “I don’t know if the rosy hue from Nvidia has staying power for next week,” Cramer said. “But there are plenty of good companies here that can carry … Read more
Wall Street’s whales turned on Alphabet . Hedge fund managers and billionaire investors alike lightened up on shares of the Google parent â or dumped them all together â in the fourth quarter of 2023, regulatory filings revealed. While backward-looking, these disclosures nevertheless shine a light on the moves influential investors have made. The sales … Read more
Ford CEO Jim Farley discussed a range of topics Thursday from hybrid and electric vehicles to how the automaker is dealing with international competitors. The remarks from a Wolfe Research investor conference left us feeling better about Ford’s future. Wall Street seemed to agree, pushing the Club stock up more than 2% in afternoon trading. … Read more
Five years and 2,500 miles apart, fires devastated thriving communities — and major U.S. utility companies stood at the center of the infernos. It’s a story increasingly familiar in the energy industry: Some utility companies don’t properly assess the risks wildfires pose to their operations. A failure to mitigate these risks can have disastrous consequences … Read more
Shari Redstone, president of National Amusements, speaks at the WSJ Tech Live conference in Laguna Beach, California, on Oct. 21, 2019. Mike Blake | Reuters Paramount Global nonexecutive chair and controlling shareholder Shari Redstone has been talking to potential buyers interested in acquiring her media company — or parts of it for years — but … Read more
Occidental Petroleum and Diamondback Energy may be poised to rally after U.S. crude oil prices broke above a key resistance level on Friday, according to the chief market strategist at Miller Tabak. U.S. crude oil settled at $78.01 a barrel on Friday to close out its best week since Sept. 1 thanks to robust U.S. … Read more
Jimmy Haslam, CEO of Pilot Flying J., and Warren Buffett, Chairman and CEO of Berkshire Hathaway. Lacy O’Toole | CNBC The Haslam family has sold its remaining 20% ownership interest in truck-stop giant Pilot Travel Centers to Berkshire Hathaway, both sides announced Tuesday. The sale, whose terms were not disclosed, was announced more than a … Read more
CNBC’s Jim Cramer on Friday compared all NFL 14 teams competing in the playoffs to some of his top stock picks. “As I was reviewing this weekend’s slate of six games and the 14 teams that made the playoffs, I realized many of them are reminiscent of my favorite companies,” he said. “Tonight, I want … Read more
Jimmy Haslam, CEO of Pilot Flying J. and Warren Buffett, Chairman and CEO of Berkshire Hathaway. Lacy O’Toole | CNBC A billion-dollar trial that was to determine if Berkshire Hathaway improperly used an accounting method that would significantly short-change the Haslam family in a purchase by Berkshire of the family’s remaining minority stake in Pilot … Read more
