Tag: Marketwatch
Berkshire Hathaway Inc. Chairman and CEO Warren Buffett and his right-hand man Charlie Munger don’t appear to be warming up to bitcoin. Asked if their views had changed Saturday afternoon at Berkshire’s BRK.A, -2.94% BRK.B, -2.55% annual meeting, Buffett said he preferred tangible assets that produce something, such as farmland, and argued that the U.S. […]
Warren Buffett hasn’t changed his tune on Federal Reserve Chairman Jerome Powell despite a surge in inflation. Buffett, the chairman and CEO of Berkshire Hathaway Inc. BRK.A, -2.94% BRK.B, -2.55%, two years ago told shareholders that Powell belonged “on the pedestal” with former Fed chief Paul Volcker, for his quick response to the danger to […]
Warren Buffett hasn’t changed his tune on Federal Reserve Chairman Jerome Powell. Buffett, the chairman and CEO of Berkshire Hathaway Inc. BRK.A, -2.94% BRK.B, -2.55%, two years ago told shareholders that Powell belonged “on the pedestal” with former Fed chief Paul Volcker, for his quick response to the danger to the economy and financial system […]
Berkshire Hathaway vice chairman Charlie Munger had some advice for a young attendee at Berkshire’s annual meeting on Saturday. “When you have your own retirement account, and your friendly adviser suggests you blow money into bitcoin, just say no,” said Munger. Fidelity Investments announced April 26 that it will allow investors to add a bitcoin […]
Berkshire Hathaway Inc. BRK.A, -2.94% BRK.B, -2.55% went on a roughly $40 billion securities buying spree between Feb. 21 and March 15, but has since reverted back to its more “lethargic” pace, Chairman and CEO Warren Buffett told shareholders at the conglomerate’s annual meeting Saturday. Buffett went on to note that Berkshire still ended the […]
Beauty products from Victoria’s Secret & Co. VSCO, -4.79%, including the namesake brand and the Pink brand, began selling on the Amazon.com Inc. AMZN, -14.05% site on Friday. Customers can shop the more than 120 items. “Through customer feedback and research, we’ve heard consumers want to purchase VS Beauty in Amazon’s store and already search […]
The U.S.-listed shares of China-based technology companies soared in premarket trading Friday, after The Wall Street Journal reported that Chinese regulators were preparing to pause its campaign against technology companies, as they look to stem the deterioration in China’s economy. Citing people familiar with the matter, the WSJ report said regulators are set to meet […]
A resolution passed by the New Hampshire House of Representatives to set up state-run cannabis sales in the Granite State was nixed by the Senate on Thursday as one of two bills that failed to pass the chamber, according to as report by Marijuana Moment. The cannabis sales bill as proposed by Rep. Daryl Abbas […]
The numbers: The Federal Reserve’s preferred measure of inflation rose a sharp 0.9% in March, but the increase largely stemmed from a surge in the cost of gas and there were some signs that intense price pressures could be starting to ease. Over the past 12 months, the personal consumption price index has climbed 6.6%, […]
An earlier version of this report incorrectly listed Rinvoq’s revenue. The drug generated $465 million in revenue in the first quarter of 2022. Shares of AbbVie Inc. ABBV, -6.03% were down 3.4% in premarket trading on Friday after the company missed on revenue in the first quarter of the year. AbbVie had earnings of $4.5 […]