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Semiconductor foundry United Microelectronics on Tuesday beat analyst expectations for the fourth quarter.
The Oracle of Omaha knows how to beat inflation. So ride his coattails.
Editor-in-chief MJ Day explains why Kim K. was a fit for the cover.
“Why did they delay their response? I think in retrospect, yes, it was a mistake."
Warren Buffett’s Berkshire Hathaway has used the recent markets slump as an opportunity to ramp up spending on stocks.
The Dow Jones index finished last week with a modest loss, even after a late-week rally in Friday’s session. It marked the seventh week in a row that the Dow posted a weekly loss, it’s longest such streak in two decades. That capped a brutal season of market losses, all across the board. The S&P 500 is down 16% this year, and the NASDAQ, with a year-to-date loss of 25%, is into bear market territory. Investors have been giving conflicting sets of reactions to the market’s fall. Coming at it from
The Redmond-based software maker is increasing performance pay and annual stock award ranges, CEO Satya Nadella said in a memo to employees. The move comes as Microsoft faces intense competition for talent, including from rival Amazon.
The last few months, with the exception of some short bullish trading runs, have been brutal for the markets. Stocks are down, pretty much across the board. The tech-heavy NASDAQ index has fallen 25% year-to-date, while the broader S&P 500 is down 16%. As for causes to the market turndown, you can take your pick. Supply chains remain snarled, and the Chinese government’s anti-COVID lockdown policies and the Russian war against Ukraine aren’t helping that matter any. Inflation, which started taki
The rout in the financial markets raises questions about the ability of upstart companies to raise funds.
All stocks have bad days at least once in a while, but Monday for Tonix Pharmaceuticals (NASDAQ: TNXP) was one of the ugliest trading sessions in its history. The company's stock lost nearly one-third of its value after the company announced a financial engineering move that sent investors scrambling for the exits. Tonix announced Monday afternoon that it is effecting a 1-for-32 reverse split of its common stock.
Infamous investor Michael Burry of "The Big Short" has bet against Apple ( ), according to a SEC filing. During the first quarter, Burry, a hedge fund investor who is known for predicting and profiting from the housing bubble and subprime mortgage crisis by betting against collaterized debt obligations or CDOs during the mid 2000s, stocked up on Alphabet ( ), Meta Platforms (FB), and Discovery ( ) for Scion Asset Management. The hedge fund owned bearish put options against 206,000 Apple shares as of March 31.
"The obvious precedent is FDIC insurance (up to $250,000 per person)," Vitalik Buterin tweeted, adding that he “strongly supports” helping the “average UST smallholder."
Biotech stocks have taken a beating to start the year, with the S&P Biotech Industry Index down more than 49% so far. There are several reasons a biotech stock could go parabolic -- that is, have its shares see a sharp rise in a short period. The company could be the buyout target of a merger deal with a larger pharmaceutical company.
(Bloomberg) -- Warren Buffett demonstrated he’s still bullish on U.S. retail banking -- but not on Wells Fargo & Co.Most Read from BloombergMeet the Hedge-Fund Manager Who Warned of Terra’s $60 Billion ImplosionOmicron Is Turning Out to Be a Weak VaccineU.S. Stocks Extend Losses in Late Session Selloff: Markets WrapGoldman’s Blankfein Says US at 'Very, Very High Risk' of RecessionMusk Says Twitter Deal at Lower Price Is ‘Not Out of the Question’The billionaire investor ended his long-running bet
(Bloomberg) -- From record gasoline prices to higher airfares to fears of diesel rationing ahead, America’s runaway energy market is disquieting both US travelers and the wider economy. But the chief driver isn’t high crude prices or even the rebound in demand: It’s simply too few refineries turning oil into usable fuels. Most Read from BloombergMeet the Hedge-Fund Manager Who Warned of Terra’s $60 Billion ImplosionU.S. Stocks Extend Losses in Late Session Selloff: Markets WrapGoldman’s Blankfei
Inflation fears and an analyst's price target cut are taking a toll on the value of the content delivery network operator.
Get Occidental Petroleum Corporation Report). Through the end of 2021, Berkshire Hathaway ( (BRK.A) - Get Berkshire Hathaway Inc. Class A Report had amassed a large amount of cash, increasing speculation on the CEO's plans for the company. The conglomerate had $146.72 billion and after buying up insurance company Alleghany Corp ( ) for $11.6 billion, it also spent millions to rack up shares of Occidental, HP ( ) and Chevron ( ).
Paramount Global ( NASDAQ:PARA ) saw significant share price movement during recent months on the NASDAQGS, rising to...
The Food and Drug Administration approved an Eli Lilly diabetes drug it described as "novel," prodding LLY stock closer to a breakout.
Warren Buffett's company on Monday revealed all the investment moves it made in the first quarter, when it spent more than $51 billion on stocks.
Deliveries of the Dreamliner have been almost completely idled since late 2020, as the company works through production issues.