Category: News
Berkshire trails red-hot S&P 500 by biggest margin so far this year
Berkshire Hathaway’s Class B shares have underperformed the S&P 500 by the widest...
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Unusual Machines and other drone stocks surge on report Pentagon considering stakes in the industry
Shares of drone manufacturers rallied sharply on Thursday following a report that the Trump...
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Rally in chip stocks becomes the most hated in history. Here’s the data
The surge in semiconductor stocks has reached unprecedented levels, drawing skepticism from...
Read MoreTwo top Walmart executives leave company under new CEO John Furner
Walmart has announced two high-level departures as new U.S. CEO John Furner takes the helm. Tom Ward, chief operating officer of Sam’s Club, Walmart’s warehouse chain, is retiring after a long tenure. Additionally,...
Read MoreStellantis CEO sees opportunity in growing partnerships, bringing China-branded vehicles to North America
Stellantis CEO Antonio Filosa has indicated that the automaker sees potential in expanding partnerships to introduce Chinese-branded vehicles into Mexico and possibly Canada, though not the United States. This strategy reflects...
Read MoreGoldman says tech stock ‘up crash’ is sign of even more gains to come
Goldman Sachs strategists suggest that the rapid pace of the current tech stock rally, which has triggered a volatility pattern observed only four times in history, may signal further upside ahead. The phenomenon, described as...
Read MoreVersant stock jumps 10% after company’s Q1 report shows bright spots in licensing, platforms
Versant, the portfolio of TV networks spun off from Comcast, saw its shares surge 10% following the release of its first-quarter results as a standalone entity. The company reported earnings that highlighted strengths in its...
Read MoreAllegiant CEO makes case for low-cost airline model as Sun Country acquisition closes
Allegiant Travel CEO Greg Anderson expressed confidence in the resilience of leisure travel demand despite rising fuel costs, as the company finalized its acquisition of Sun Country Airlines. Anderson emphasized that the...
Read MoreThe wealthy keep buying Manhattan real estate despite potential pied-à-terre tax
Sales of luxury Manhattan apartments priced at $4 million and above have seen an uptick over the past month, according to a report from Olshan Realty. The data suggests that affluent buyers continue to invest in high-end New...
Read MoreGreg Abel knows Berkshire cold, but some miss the Buffett magic
Greg Abel, the CEO of Berkshire Hathaway, received mixed reviews after leading his first annual shareholders meeting. While he demonstrated a solid grasp of the conglomerate’s operations, some attendees noted a lack of the...
Read MoreDisney pops 7% after streaming, parks drive revenue beat in first report under CEO Josh D’Amaro
Disney shares surged 7% in after-hours trading Wednesday after the company reported fiscal second-quarter revenue that exceeded Wall Street estimates, marking the first earnings release under new CEO Josh D’Amaro. The...
Read MoreHow to buy a major Dow component, at a discount
UnitedHealth, a major component of the Dow Jones Industrial Average and one of the largest US firms in the healthcare sector, offers a respectable dividend yield. Despite these attractive attributes, options strategist Mike...
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