Disappointing corporate earnings—most notably the reaction to Meta Platforms ’ results—and weaker-than-expected U.S. economic growth data, are putting the sector under pressure early Thursday. The Facebook and Instagram parent’s June-quarter guidance missed expectations and the company unveiled plans to ramp up artificial intelligence spending, which seems to be spooking investors.
Berkshire Hathaway has sold its entire stake in Paramount Global losing “quite a bit of money,” Berkshire CEO Warren Buffett said at the company’s annual meeting on Saturday. Buffett also shot down speculation that Ted Weschler or Todd Combs, who together run about 10% of Berkshire Hathaway’s equity portfolio, had purchased the Paramount stake, taking responsibility for the investment himself. “It was 100% my decision and we’ve sold it all and we lost quite a bit of money,” said Buffett.
Independent researchers painted a bleak picture of Apple’s China business during the most recent quarter, but the damage was lighter than expected.
The board of DBS Group Holdings Ltd ( SGX:D05 ) has announced that it will pay a dividend on the 20th of May, with...
Intel stock continued a 2024 slump in late April after the chip maker provided disappointing guidance. With the shares trading at their lows for this year, CEO Pat Gelsinger bought up Intel stock on the open market. According to forms he filed with the Securities and Exchange Commission, Gelsinger purchased the stock through a family trust that now owns 39,400 shares.
Berkshire Hathaway's first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well. The figures were heavily influenced by a large drop in the paper value of Berkshire’s investments. Buffett encourages investors to pay more attention to the conglomerate’s operating earnings that exclude the investment figures.
Key Insights Kimly's significant insider ownership suggests inherent interests in company's expansion A total of 3...
Warren Buffett’s annual Berkshire Hathaway letters are a breath of fresh air in finance. Packed with investment wisdom, they transcend the trading floor and offer practical advice applicable to anyone seeking success in life. Buffett’s genius lies in his ability to distill complex financial concepts into simple, actionable principles. Whether you’re a seasoned investor or navigating daily decisions, his insights prove valuable. Don't Miss: Are you rich? Here’s what Americans think you need to be
Surprisingly upbeat Apple earnings were boosting spirits in the wait for the monthly jobs report.
The surge of artificial intelligence has buoyed markets with some stocks taking a very strong lead. Indeed, the global AI market size was estimated at a shocking $196.63 billion in 2023 and is...
In this article, we’ll look into Morgan Stanley’s top 15 stock picks for 2024. If you prefer to skip the introduction about the investment bank and its recent business developments, you can just dive straight into Morgan Stanley’s Top 5 Stock Picks for 2024. With the upcoming U.S. election season looming, the Federal Reserve has attempted […]
Readers hoping to buy The Straits Trading Company Limited ( SGX:S20 ) for its dividend will need to make their move...
"The fundraiser, cheerleader, and coach for teams developing real technologies has become a meme-stock carnival barker."
Banks issue rewards credit cards for all kinds of spending categories, from flights, hotels, rental cars and entertainment to groceries, dining, warehouse clubs and e-commerce. With all of the various...
The board of HRnetGroup Limited ( SGX:CHZ ) has announced that it will be increasing its dividend by 14% on the 24th of...
The SEC charges the company’s auditing firm BF Borgers CPA and its owner Benjamin Borgers with ‘massive fraud.’
(Reuters) -China's Ping An Insurance Group Co the biggest Asian investor in HSBC PLC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a source familiar with the matter told Reuters on Saturday, as the investor voted against such a move. Quinn, who has announced he will step down as chief executive once a successor is appointed, last year defeated Ping An's long campaign to get HSBC to spin off its Asia business. Europe's biggest bank had faced proposals submitted by Hong Kong-based individual investor Ken Lui and backed by its biggest Asian shareholder Ping An to consider a radical restructuring and to boost its dividends.
Key Insights Significant insider control over GSH implies vested interests in company growth Seng Hui Goi owns 64% of...
Here is how Petrobras (PBR) and Berry Petroleum (BRY) have performed compared to their sector so far this year.
At his final Berkshire Hathaway Inc. meeting in 2023, months before his 100th birthday, Charlie Munger surprised investors with a story about a brilliant investment he made over 60 years ago alongside a golfing buddy. The story traces back to 1962 when Munger, then a real estate lawyer, struck an unlikely partnership with Al Marshall, an unemployed golfer with a keen eye for investments. Their encounter on the green led to a pivotal decision: pooling their resources to invest $1,000 each in oil
Yahoo Finance