One word may explain Warren Buffett’s investment decisions on Apple and Amazon: profit. Last week Buffett both lamented on not investing Amazon shares and revealed how he added massively to Berkshire Hathaway’s stake in Apple. The Oracle of Omaha’s moves may be explained by his philosophy of emphasizing a company’s historical financial track record versus […]
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Health care stocks whipsawed on Friday as President Donald Trump unveiled his long-awaited plan to lower prescription drug prices, dubbed “American Patients First.” The sector briefly turned negative before trading 0.8 percent higher. Shares of Express Scripts and CVS both hit session lows before rising 3.1 percent and 2 percent, respectively. Dow Jones industrial average […]
Read moreInvestor reaction to stellar first-quarter earnings reports has been notoriously tepid, with consumer stocks a particularly glaring example of this unusual trend. Profits broadly are on track to grow nearly 26 percent for the three-month period, the strongest showing in nearly eight years. Stocks, by contrast, have not benefited. The S&P 500 is up barely […]
Read moreA pint-size girl wearing a jean jacket with the tags still on fans a stack of $100 bills at the camera. She gets in the driver’s seat of a red Mercedes-Benz, though her legs are too short to reach the pedals. “This is why all y’all f—– haters hate me b—-,” Lil Tay says in […]
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A tumultuous period capped by the U.S. exit from the Iran nuclear deal is finally coaxing investors off the sidelines and into the beaten-up energy sector. President Donald Trump‘s decision this week to restore punitive sanctions on Iran, OPEC’s third biggest producer, has dominated discussion of oil markets and energy stocks. However, analysts say the […]
Read moreTesla Model 3 owners will soon be able to add some perks to their cars now found only on Tesla’s higher-end vehicles. The electric car maker will begin taking orders for all-wheel drive and “performance” versions of the Model 3 by the end of next week, said CEO Elon Musk in a tweet on Friday. […]
Read moreMuch of Dick Costolo‘s professional track record is impressive: In June 2007, he sold his company FeedBurner to Google for a reported $100 million. And from 2010 to 2015, Costolo was CEO of Twitter. In 2013, he took the social media company public. But some of his early career decisions seem to make less sense […]
Read moreOath CEO Tim Armstrong is reportedly one of the candidates being considered to replace Martin Sorrell at WPP, according to a report by the Financial Times. A spokesperson for WPP said in an email that “no appointment has been made” and that the company “will not be making any comment on the identity of any […]
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IN THE past, coach travel was seen as somewhat glamorous. That is perhaps an odd legacy of a Clark Gable film from 1934 called “It Happened One Night”, about a romance between two passengers travelling on a crowded bus going from Florida to New York. But now many people look down on it as something […]
Read moreKohl’s shares may underperform because cold weather kept customers from visiting stores during the first quarter, according to one Wall Street firm. Credit Suisse cut its rating to neutral from outperform for Kohl’s shares, predicting the retailer will report lower-than-expected sales growth for its first quarter. A much cooler start to spring compared to the […]
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