Berkshire Hathaway Chairman and CEO Warren Buffett in 2016.Photo: Lacy O’Toole/CNBC/NBCU Photo Bank/NBCUniversal (Getty Images) In This Story Warren Buffett’s Berkshire Hathaway (BRK.A-2.13%) grew its cash pile to a record $325.2 billion in the third quarter. That’s enough to buy some of the biggest companies in the world — with cash to spare. The ‘smart…
Russell Hackmann, president at Hackmann Wealth Partners, spoke with Quartz for the latest installment of our “Smart Investing” video series. Watch the interview above and check out the transcript of the conversation below, which has been lightly edited for length and clarity. ANDY MILLS (AM): A lot of folks are predicting a disputed election. What…
Photo: EMMANUEL DUNAND (Getty Images) In This Story On the eve of Election Day, the Dow Jones slid 200 points as investors held back, anxiously awaiting the results. The subdued stock activity coincided with a rally in safe-haven U.S. Treasurys, indicating that some investors are shifting toward lower-risk assets in anticipation of potential market volatility….
Warren Buffett’s Berkshire Hathaway added to its mountain of cash last quarter as it struggled to find stocks it wants to buy—including its own—while selling more of its stake in Apple. An earnings report released Saturday said its kitty reached a record $325.2 billion by the end of September, CNBC reports, after sitting at…
For tech’s biggest players, this earnings season is starting to feel like a scene from the movie Jerry Maguire — and the “show me the money” demands aren’t working out any better than they did for Tom Cruise. Some analysts are even dubbing this the “show me the money” quarter, as Wall Street’s patience with…
Nvidia (NVDA) stock closed at a record high on Monday as Wall Street analysts held firm on their bullish positions on the stock ahead of its earnings report in November. Shares of the leading AI chipmaker rose over 4% to close at $143.71 per share. The move comes as Wall Street analysts reiterate their Buy…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: There’s no doubt that Big Tech is in the bull market’s driver’s seat — but it’s got company. Though the major indexes are narrowly in the green this October, they have been boosted…
US stocks are mixed at Tuesday’s market open, with the Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) slightly above their flatlines while the Dow Jones Industrial Average (^DJI) edges deeper into negative territory. Morning Brief anchor Seana Smith surveys the market action following the opening bell, examining crude oil (CL=F, BZ=F) trends and the financial…
US stock futures held steady on Tuesday after clinching record highs, as investors looked to a second wave of earnings from big Wall Street banks and oil prices fell amid ebbing concerns about Israeli retaliation. Dow Jones Industrial Average futures (YM=F) were little changed on the heels of closing above 43,000 for the first time….
A look at the day ahead in U.S. and global markets from Mike Dolan The U.S. bond market returns from holiday to find Wall Street stocks soaring ever higher to new records, with Big Tech and Big Banks stirring earnings season excitement even as China’s markets turn tail on demand worries and stimulus doubts. The…