Check out the companies making headlines in midday trading. Global pharma stocks — Shares of several vaccine makers declined after President-elect Donald Trump selected prominent vaccine skeptic Robert F. Kennedy Jr. as health secretary on Thursday. Shares of Moderna and Pfizer slipped nearly 9% and 5%, respectively. BioNTech , which...
Check out the companies making headlines before the bell. Applied Materials — Shares tumbled more than 8% after the semiconductor equipment manufacturer offered weak revenue guidance for the current quarter. Applied Materials said it forecasts $7.15 billion in the first fiscal quarter, under the estimate of $7.224 billion from...
Baupost's Seth Klarman took a sizable stake in discount store Dollar General last quarter, while exiting Michael Kors-owner Capri before its megadeal to merge with Tapestry was blocked by regulators. The notable hedge fund investor built a $195 million stake in Dollar General, making it his eighth biggest holding...
Another day. Another Apple headline. The news Berkshire Hathaway sold another large chunk of Apple shares, according to the Warren Buffett -led company's earnings report Saturday. The Omaha-based conglomerate reduced its stake by about 25% during the third quarter. But it still held roughly $69.9 billion worth of Apple...
Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024. David A. GroganWarren Buffett's Berkshire Hathaway continued to increase its stake in SiriusXM, now owning 32% of the New York-based satellite radio company.The Omaha, Nebraska-based conglomerate purchased...
Berkshire Hathaway's Bank of America stake has finally been cut to below the key 10% threshold, keeping Warren Buffett's next potential moves under wraps for a few months. The conglomerate has reduced its holding in the Charlotte-based lender to precisely 775 million shares, or about 9.987%, after 15 consecutive...
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. David A. Grogen | CNBCWarren Buffett's Berkshire Hathaway has reduced its stake in Bank of America to below 10% amid a selling spree that started in mid-July.In a Thursday night...
Warren Buffett took full control of Berkshire Hathaway Energy, a utility giant that it has owned a majority stake in since 1999, but the business has been a drag on the conglomerate. The Omaha-based Berkshire entered a deal to acquire the 8% remaining stake in BHE from the heirs...
Seifi Ghasemi, president and chief executive officer of Air Products, speaks during a press event to announce the construction of a green energy import terminal at the Oiltanking Deutschland GmbH tank terminal site in the port. Marcus Brandt | Picture Alliance | Getty ImagesActivist investor Mantle Ridge has a $1...
When Warren Buffett, the ultimate buy-and-hold investor, sells a stock, it often sends a negative signal about the underlying business and maybe even the entire industry. The Sage of Omaha, whose preferred holding period is forever, is usually only motivated to exit a big position when he judges that...