Billionaire investor Warren Buffett estimates that Berkshire Hathaway‘s cash position dipped to “a little over” $100 billion because of lots of stock buying in the first three months of the year. “We bought more stocks by a considerable margin than we sold in the first quarter,” Buffett told CNBC’s Becky Quick in an interview that […]
Read moreThe market has been laser-focused on the 10-year Treasury note’s yield in recent sessions, as it topped 3 percent last week for the first time in four years. Now, the level is elusive once again: 3 percent wasn’t held for long, and I don’t see it being revisited again anytime soon. I’m trading 10-year Treasury […]
Read moreShort-sellers have been looking for weeks to pounce on Tesla, and CEO Elon Musk’s incendiary call with analysts Wednesday could just provide more for them to feast on. Bets against the electric car maker have zoomed 41 percent since March 6, according to S3 Analytics, which tracks short interest. That amounts to just shy of […]
Read moreIt appears Goldilocks has returned to both Main Street and Wall Street, at least from the Federal Reserve‘s point of view. For the moment, the three bears of slowing growth, inflation and tighter financial conditions may have been scared off by the Fed’s relatively benign description of an economy that is growing moderately, inflation reaching […]
Read moreCigna CEO David Cordani is trying to quell concerns that regulators will scrutinize and even block his company’s acquisition of pharmacy benefits manager Express Scripts. Experts have pointed to the Justice Department’s review of AT&T‘s acquisition of Time Warner as an example of the scrutiny Cigna and Express Scripts could face. Both deals are vertical […]
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Gold prices bounced back Thursday after hitting their lowest levels of the year earlier this week. Get set for another decline, according to one technician. The grim setup for gold is shown in the charts, Todd Gordon, founder of TradingAnalysis.com, told CNBC’s “Trading Nation” on Wednesday. “From 2010 we’ve traced a beautiful five-wave decline down […]
Read moreAmerican International Group shares sank more than 9 percent Thursday after the insurance giant posted a disappointing 30 percent decline in adjusted income. AIG is trying to turn around its main business, selling property and casualty insurance to corporations, but California mudslides, major winter storms and other natural disasters cost the insurer $376 million. Taking […]
Read moreShort-seller Chris Brown is not a believer in Energous’ technology. Energous “is a worthless equity,” he said at the “Kase Learning: The Art, Pain and Opportunity of Short Selling” conference in New York. “Energous is a fraud, one which is burning a lot of cash and will run out of money … We expect the […]
Read moreShares of Caterpillar fell Thursday morning after Bank of America Merrill Lynch downgraded the company’s stock to neutral from overweight, arguing that sales growth is slowing after a strong 2017. “Caterpillar’s monthly retail sales growth is beginning to slow, and appears to be past its peak,” analyst Ross Gilardi wrote Thursday. “Caterpillar saw across-the-board deceleration […]
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Shares of private equity firm KKR jumped 10 percent in premarket trading after announcing a plan to convert to a corporation from a partnership. The change will become effective July 1, the company said in an earnings release Thursday. As a corporation, KKR plans to pay an annualized dividend of 50 cents per common share […]
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