American Airlines forecasts better-than-expected profit for Q2

Associated Press
Berkshire's profit plunges 64% on portfolio holdings as Buffett it sells Apple
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.
Barrons.com
‘We Lost Quite a Bit of Money.’ Berkshire Sold Entire Paramount Stake, Buffett Says.
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.
Simply Wall St.
DBS Group Holdings (SGX:D05) Will Pay A Dividend Of SGD0.54
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Arnold Schwarzenegger reveals how he made millions before becoming a movie star — and it wasn’t from bodybuilding
He owes it to one woman.
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Palantir Technologies (NYSE:PLTR) Shareholders Will Want The ROCE Trajectory To Continue
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$3 trillion could be injected into the U.S. economy without any federal spending by tweaking this corner of the mortgage market, ‘Oracle of Wall Street’ says
"Rarely have I seen such a true win-win scenario for the government, Wall Street and the U.S. consumer."
Reuters
Gold gains as tepid US jobs data revives Fed rate cut bets
Gold prices gained on Monday, deriving support from a soft U.S. dollar after a weaker-than-expected jobs report revived expectations that Federal Reserve will cut interest rates this year. Spot gold was up 0.8% at $2,320.33 per ounce by 09:52 GMT. "On Friday, we saw a drop in the new job creation in the U.S., a slowdown more than predicted, and wage growth also slowed down, which creates some space for the Fed to start cutting rates in 2024," said Ricardo Evangelista, senior analyst at ActivTrades.
Simply Wall St.
Here's Why We Think Microsoft (NASDAQ:MSFT) Might Deserve Your Attention Today
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Final Credit Suisse CEO, Ulrich Korner, to leave UBS, FT reports
UBS took over Credit Suisse in a government-backed rescue last year in what was the biggest merger of banks of systemic importance since the 2007-2009 financial crisis. Korner, who was appointed CEO of Credit Suisse during turbulent times in 2022, joined the board of UBS after the takeover. UBS is working to complete the merger of its legal entities with those of Credit Suisse by late May, the Financial Times said, citing people familiar with the plans.
Reuters
Exclusive-Shell in talks to sell Malaysia fuel stations to Saudi Aramco, sources say
Energy giant Shell is in talks with Saudi Arabia's state-owned Saudi Aramco to sell its gas station business in Malaysia, the second-largest such network in the country, four industry sources aware of the discussions said, and a deal could be worth up to $1 billion. Shell declined to comment on the talks but said Malaysia is an important country to the company. Saudi Aramco also declined to comment.
Yahoo Finance
Stock market today: Stocks gain as Fed rate hopes fuel continued rally
Stocks rallied at the end of last week, getting a boost from a "Goldilocks" jobs report.
Reuters
Ping An votes against reappointment of HSBC CEO as director, source says
(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.
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Meta Platforms Insiders Sell US$15m Of Stock, Possibly Signalling Caution
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8 Ways Middle-Class People Become Poor in Retirement
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American Airlines forecasts better-than-expected profit for Q2

Latest stories

Berkshire's profit plunges 64% on portfolio holdings as Buffett it sells Apple

‘We Lost Quite a Bit of Money.’ Berkshire Sold Entire Paramount Stake, Buffett Says.

DBS Group Holdings (SGX:D05) Will Pay A Dividend Of SGD0.54

3 Singapore REITs That Raised Their DPUs

Is It Time To Consider Buying Hutchison Port Holdings Trust (SGX:NS8U)?

I Manage Money For Millionaires: 3 Things Wealthy Americans Never Spend Their Money On — and Two Things They Shouldn’t

Arnold Schwarzenegger reveals how he made millions before becoming a movie star — and it wasn’t from bodybuilding

Palantir Technologies (NYSE:PLTR) Shareholders Will Want The ROCE Trajectory To Continue

Don't Race Out To Buy The Straits Trading Company Limited (SGX:S20) Just Because It's Going Ex-Dividend

$3 trillion could be injected into the U.S. economy without any federal spending by tweaking this corner of the mortgage market, ‘Oracle of Wall Street’ says

Gold gains as tepid US jobs data revives Fed rate cut bets

Here's Why We Think Microsoft (NASDAQ:MSFT) Might Deserve Your Attention Today

Here Are 5 Things You Should Only Pay For in Cash

Final Credit Suisse CEO, Ulrich Korner, to leave UBS, FT reports

Exclusive-Shell in talks to sell Malaysia fuel stations to Saudi Aramco, sources say

Stock market today: Stocks gain as Fed rate hopes fuel continued rally

Ping An votes against reappointment of HSBC CEO as director, source says

Meta Platforms Insiders Sell US$15m Of Stock, Possibly Signalling Caution

Robert Kiyosaki: ‘Buy Gold, Silver, Bitcoin While You Still Can’

8 Ways Middle-Class People Become Poor in Retirement