Berkshire Hathaway executive Greg Abel, the heir apparent to CEO Warren Buffett, bought $24.6 million of Berkshire shares on Friday, bringing the total value of his stake in the company to about $105 million, according to a regulatory filing on Tuesday. Abel, who heads the non-insurance operations of Berkshire (ticker: BRK.A, BRK.B), purchased 55 class ...

Churning financial markets, as the failure of three U.S. banks and uncertainty over one big European one continues to play out, did not stop some investors from buying that so-called dip in the stock market at one point last week. That’s according to a weekly report released Friday from Vanda Research, which said retail investors ...

Berkshire Hathaway purchased nearly eight million shares of Occidental Petroleum in recent days, bringing its stake to 208 million shares, or 23% of the big energy company, according to a regulatory filing late Wednesday. Berkshire Hathaway (Ticker BRK.A, BRK.A) bought the shares from Monday through Wednesday at prices ranging from $56 to $61 a share. ...

The biggest bank failure since the global financial crisis has clobbered stocks, but Wall Street analysts see buying opportunities in some of the stocks affected by Silicon Valley Bank’s collapse. The closures of Silicon Valley Bank, Signature Bank, and Silvergate Bank in the past week have led to a broader market rout and concerns about ...

On Thursday, bank stocks got hammered, and so did shares of brokerage firm Charles Schwab, which dropped 13%. On Friday the pain continued, with Schwab suffering another 6% decline by midday. Wait, what?  No doubt many investors are scratching their heads as to why Schwab would fall in line with bank stocks. The firm is ...

Berkshire Hathaway’s operating earnings declined 8% in the fourth quarter to $6.7 billion after taxes, hurt by a drop in profits at the company’s railroad business and a decline in the U.S. dollar.  Excluding the dollar’s fall, which increased the value of the company’s BRK.A BRK.B foreign-currency debt, Berkshire’s operating earnings for the period would have ...

Berkshire Hathaway cut its equity stakes in Bank of New York and Activision Blizzard and increased its holding in Louisiana-Pacific in the fourth quarter, according to filings released Tuesday. But it’s what Warren Buffett didn’t do that may be the most interesting aspect of the firm’s 13-G. Yes, Berkshire Hathaway (ticker: BRK/A, BRK/B) reduced its ...

Published: Feb. 8, 2023 at 1:53 a.m. ET By Giulia Petroni Siemens Gamesa Renewable Energy SA’s shares have been suspended from trading on Tuesday until Spanish stock exchanges proceed to the planned delisting, according to a filing to stock market regulator CNMV published late on Tuesday. The wind-turbine maker ended its last day of trading ...

By Dominic Chopping STOCKHOLM–Ingka Group, the owner and operator of the majority of IKEA stores globally, on Friday reported a 5.7% rise in annual revenue but said net profit was weighed by the impact of higher interest rates on some of its investments. The company said that despite challenges caused by the war in Ukraine, ...

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