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Check out the companies making headlines before the bell: Palantir Technologies — The defense technology stock fell more than 8% after it earned an adjusted 13 cents per share in the first quarter, matching analysts’ expectations, according to LSEG, while revenue of $884 million topped the $863 million that analysts were looking for. Palantir also […]
Billionaire hedge fund manager Paul Tudor Jones said Tuesday that stocks are bound to hit new lows even if President Donald Trump tones down his aggressive tariffs on China. “For me, it’s pretty clear. You have Trump who’s locked in on tariffs. You have the Fed who’s locked in on not cutting rates. That’s not good for
Even though inflation hasn’t yet declined to policymakers’ target level, some pockets of the U.S. economy have seen prices fall recently. Consumers have seen prices deflate for airfare, produce, household goods, electronics and gasoline, for example, according to the consumer price index, an inflation gauge. (Deflation is when prices decline, while disinflation is when prices
Airfare, produce and TVs: Which prices are falling for consumers Read More »
Check out the companies making headlines in extended trading: Palantir Technologies — Shares dropped nearly 7% after the defense tech company reported first-quarter earnings that were in line with Wall Street’s expectations. Adjusted earnings of 13 cents per share came in line with the consensus estimate, per LSEG. Palantir reported $884 million in revenue, topping
Check out the companies making headlines in midday trading: Berkshire Hathaway — Warren Buffett’s conglomerate saw shares drop more than 4%, retreating from record highs reached on Friday. Monday’s sell-off came after the 94-year-old Buffett announced his intention to step down as CEO. The board voted unanimously on Sunday to make Greg Abel president and
Berkshire Hathaway shares are hanging on solidly Monday as investors process Warren Buffett’s surprise announcement to step down and envision a new path for the conglomerate after his legendary 60-year run. Buffett, 94, picked the very last moment at Berkshire’s annual meeting in Omaha, Nebraska, to tell his loyal shareholders that it’s time for Greg
Check out the companies making headlines before the bell. Berkshire Hathaway — Warren Buffett’s conglomerate saw shares fall more than 1% in premarket after hitting a record high Friday. The decline came after Berkshire’s operating earnings fell 14% in the first quarter , driven by a 48.6% plunge in insurance-underwriting profit. Buffett also surprised shareholders
Stocks making the biggest moves premarket: Howard Hughes, Sunoco, Netflix and more Read More »
An end of an era was announced in Omaha Saturday as Warren Buffett said he will soon ask the board of Berkshire Hathaway to have Greg Abel replace him as CEO at year end. While Buffett is 94 and Abel was designated as CEO successor in 2021, it nonetheless came as surprise to the thousands
Warren Buffett to ask board to make Greg Abel CEO of Berkshire Hathaway at year-end Read More »
OMAHA, Nebraska — Warren Buffett on Saturday criticized President Donald Trump’s hardline trade policy, without naming him directly, saying it’s a big mistake to slap punitive tariffs on the rest of the world. “Trade should not be a weapon,” Buffett said at Berkshire Hathaway‘s annual shareholder meeting. “The United States won. I mean, we have become
Warren Buffett knocks tariffs and protectionism: 'Trade should not be a weapon' Read More »
(Follow along with our full coverage of Berkshire Hathaway’s annual meeting here. Warren Buffett begins talking at 9 a.m. ET.) Warren Buffett’s Berkshire Hathaway reported first-quarter results on Saturday that showed a steep drop in operating earnings from the year-earlier period. The conglomerate, which owns a vast array of insurance, transportation, energy, retail and other
