Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. CNBC Warren Buffett’s Berkshire Hathaway announced Thursday it reached a deal to buy Occidental Petroleum’s petrochemical unit, OxyChem, for $9.7 billion in cash. The deal marks Berkshire’s largest since 2022, when it paid $11.6 billion for insurer Alleghany….
Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images OpenAI has finalized a secondary share sale totaling $6.6 billion, allowing current and former employees to sell stock at a record…
A trader works at the New York Stock Exchange on Oct. 1, 2025. NYSE Stock futures are little changed Wednesday night after the S&P 500 logged a fresh high and investors appeared to shrug off concerns tied to the latest U.S. government shutdown. Futures tied to the Dow Jones Industrial Average fell 30 points, or…
Longtime investor Leon Cooperman believes we are in the late innings of a bull market where bubbles can form and risks rise, a stage of the cycle that Warren Buffett had warned about. The chair and CEO of the Omega Family Office read a quote from the “Oracle of Omaha” on CNBC’s “Money Movers” Wednesday,…
The dollar held on to steep gains on Friday after better-than-forecast U.S. data dampened expectations for further easing by the Federal Reserve this year. Jackal Pan | Moment | Getty Images The dollar fell Wednesday after U.S. lawmakers failed to avert a government shutdown, raising questions from traders about the potential economic impact. The dollar…
Morning light hits the U.S. Capitol hours ahead of a press conference to discuss the Epstein Files Transparency bill, directing the release of the remaining files related to the investigations into Jeffrey Epstein and Ghislaine Maxwell, on Capitol Hill in Washington, D.C., U.S., September 3, 2025. Jonathan Ernst | Reuters The U.S. government entered a…
Wall Street banks largely told clients to expect a typical short shutdown and bet on a comeback in stocks if there’s any major weakness in equities. The stock market Wednesday was lower , but the losses were muted as investors waited to see more developments on the ongoing negotiations from Republicans and Democrats. (For the…
My top 10 things to watch Wednesday, Oct. 1 1 . Government shutdown implications? Don’t buy on the first day, but stocks have historically been higher a week after the shutdown ends. The U.S. government shut down at midnight after the Republican-controlled Senate failed to secure a temporary spending bill. 2. Nike is coming back. The…
It was a terrific third quarter for Wall Street as the stock market hit record high after record high. The S & P 500 and Nasdaq climbed 7.8% and 11.2%, respectively, from the June 30 close to Tuesday’s close, the session before the start of the fourth quarter, which began on a sour note after…
European markets are expected to open mixed on Wednesday, as investors monitor the U.S. government shutdown. London’s FTSE 100 is expected to open flat, according to IG, while the French CAC 40 is expected to open 0.2% higher and Germany’s DAX index is slated to open 0.2% lower. Stocks are picking up from a positive…