Berkshire Hathaway (BRK-B, BRK-A) CEO Warren Buffett defended his company’s growing cash pile, reflected on mistakes, and again touted what he called the “American miracle” of US economic growth over the last two centuries as the conglomerate reported record operating earnings of $47.4 billion last year. Writing in his 2024 annual letter to Berkshire shareholders…
Significantly high institutional ownership implies Edison International’s stock price is sensitive to their trading actions The top 9 shareholders own 50% of the company Insiders have been selling lately A look at the shareholders of Edison International (NYSE:EIX) can tell us which group is most powerful. With 89% stake, institutions possess the maximum shares in…
A Delaware judge ruled on Monday that Tesla CEO Elon Musk still is not entitled to receive a $56 billion compensation package despite shareholders of the electric vehicle company voting to reinstate it. The ruling by the judge, Chancellor Kathaleen McCormick of the Court of Chancery, follows her January decision that called the pay package excessive and rescinded it, surprising investors,…
Eric Beiley, executive managing director of The Beiley Group at Steward Partners, spoke with Quartz for the latest installment of our “Smart Investing” video series. Watch the interview above and check out the transcript below. The transcript of this conversation has been lightly edited for length and clarity. ANDY MILLS (AM): It could be a…
By Jonathan Stempel (Reuters) – Carl Icahn said on Monday he was pleased a federal judge dismissed a lawsuit accusing the billionaire of defrauding shareholders of his investment company Icahn Enterprises so he could obtain large amounts of personal loans. The lawsuit followed a May 2023 report by the short-selling firm Hindenburg Research that questioned…