Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 4, 2024. CNBC Warren Buffett’s Berkshire Hathaway purchased more shares of Occidental Petroleum after the oil and gas producer tumbled more than 30% from its record high. The Omaha, Nebraska-based conglomerate scooped up 763,017 shares of the Houston-based energy company on Friday for … Read more
Inflation perked up more than anticipated in January, providing further incentive for the Federal Reserve to hold the line on interest rates. The consumer price index, a broad measure of costs in goods and services across the U.S. economy, accelerated a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 3%, the … Read more
Super Micro Computer issued a lofty fiscal 2026 outlook, lifting the the stock by more than 13%. JPMorgan remains skeptical, however. The company said it expects revenue to reach $40 billion in fiscal 2026, overshadowing a much more tepid near-term forecast. Super Micro issued fiscal 2025 revenue guidance ranging between $23.5 billion and $25 billion, … Read more
President Donald Trump again switched positions on the Federal Reserve, indicating in a social media post Wednesday that interest rates need to come down. “Interest Rates should be lowered, something which would go hand in hand with upcoming Tariffs!!! Lets Rock and Roll, America!!!” the president said in a morning post on Truth Social. The … Read more
Zelle icon displayed on a phone screen and Zelle logo displayed on a screen in the background are seen in this illustration photo taken in Krakow, Poland. Jakub Porzycki | Nurphoto | Getty Images Zelle, the payments network run by bank-owned Early Warning Services, crossed $1 trillion in total volumes last year, which it said … Read more
For all the ways in which nations may contemplate retaliating against the U.S. for President Donald Trump’s aggressive tariff threats — from potential 100% tariffs on Teslas to banning bottles of liquor made in red states — one of the more opaque methods of global economic war may occur far away from the world of … Read more
The Burger King logo is displayed at a Burger King fast food restaurant on January 17, 2024 in Burbank, California. Mario Tama | Getty Images Restaurant Brands International on Wednesday reported same-store sales growth of 2.5%, fueled by the better-than-expected performance from Burger King’s and Popeyes’ restaurants. Shares of the company rose roughly 3% in … Read more
Patchogue, N.Y.: A For Sale sign hangs in front of a house in Patchogue, New York, on June 1, 2024. Steve Pfost | Newsday | Getty Images Mortgage rates moved slightly lower again last week, keeping refinance demand on the rise. Applications to refinance a home loan jumped 10% compared with the previous week and … Read more
A test tube is seen in front of displayed Biogen logo in this illustration taken on, December 1, 2021. Dado Ruvic | Reuters Biogen on Wednesday posted fourth-quarter revenue and profit that topped expectations as its cost cuts showed progress and new products, including its breakthrough Alzheimer’s treatment Leqembi, saw growth. But the biotech company’s … Read more
Compass Minerals could be a winner from this year’s cold winter, per JPMorgan. Analyst Jeffrey Zekauskas upgraded the stock to overweight from neutral. He also raised his target price by $2 to $15 per share, which suggests 25.3% upside potential from Tuesday’s close. Compass Minerals has struggled of late, with multiple “business dislocations that have … Read more