Text size A passenger stands inside a terminal in front of a China Eastern plane at Shanghai Hongqiao International Airport in Shanghai. Qilai Shen / Bloomberg Boeing shares rose on news that the tragic crash of a 737-800 operated by China Eastern Airlines probably wasn’t caused by a plane malfunction. The Wall Street Journal, citing … Read more
US stocks were off early highs but remained in bounce mode Tuesday as retail sales for April suggested the economy remained healthy and investors awaited remarks by Fed Chairman Jerome Powell. How are stocks trading? The Dow Jones Industrial Average DJIA, + 0.84% remained up 185 points, or 0.6%, at 32,409 after rising 450 points … Read more
Wall Street’s in an unusually bullish mood Tuesday morning. Tim Holland, chief investment officer at Orion Advisor Solutions, argues the market has just notched two peaks. Last week, the Labor Department finally reported an ever-so-slight decline in inflation, as a measure of individual investor sentiment showed the largest percentage of individual investors that were bearish … Read more
OMAHA, Neb. – Warren Buffett’s company on Monday revealed all the investment moves it made in the first quarter, when it spent more than $ 51 billion on stocks. But Buffett had already shared the biggest investments with Berkshire Hathaway BRK.A, -0.16% BRK.B, -0.34% shareholders at the company’s recent annual meeting. That means investors already … Read more
Text size Warren Buffett’s Berkshire bought stakes in Paramount Global and Market in the first quarter. Paul Morigi / Getty Images for Fortune / Time Inc Berkshire Hathaway bought stakes in Citigroup , Paramount Global , spirit Markel in the first quarter, while nearly eliminating an interest in Verizon Communications, according to a filing late … Read more
Text size Stocks have sold off in recent weeks amid investor worries over inflation and growth. Ed Jones / AFP via Getty Images The stock market was mostly lower Monday, as investors digested a rally to close out last week. Markets are awaiting economic data out Tuesday. The Dow Jones Industrial Average closed up 27 … Read more
About the authors: Larry Hatheway is the co-founder of Jackson Hole Economics and the former chief economist of UBS. Another week, another dismal set of returns. For stock and bond investors, 2022 is off to a terrible start. Now stresses are beginning to emerge in credit fixed income markets. Large Chinese real estate developers are … Read more
Text size A pedestrian walks by a GameStop store. Justin Sullivan / Getty Images GameStop , the videogame retailer, named a new chief operating officer on Monday. Nir Patel will take up the role of operating chief starting May 31, replacing Jenna Owens, the former chief operating officer, who left the company in October just … Read more
Text size Apple stock is holding up better than the broader market. Gabby Jones / Bloomberg The central bank of Switzerland increased positions in some of its largest US-traded equity investments in the first quarter. The Swiss National Bank bought stock of iPhone maker Apple (ticker: AAPL), movie-theater chain AMC Entertainment Holdings (AMC), and electric-vehicle … Read more
Text size It’s the tail end of first-quarter earnings season, with mostly retailers left to report this week. Government data on US retail sales will also be released. Home Depot spirit Walmart report on Tuesday, followed by Target, TJX , Lowe ‘s and Bath & Body Works on Wednesday and Ross Stores on Thursday. Non-retailer … Read more