Oracle chief technology officer Larry Ellison speaks at a company event in Redwood Shores, Calif., on Aug. 7, 2018.Oracle livestream screenshotOracle shares plummeted more than 12% on Tuesday and headed for their worst day in over two decades after the software maker reported disappointing revenue and issued weaker-than-expected guidance.The...
Before turning 93 on Wednesday, Warren Buffett made a number of astute moves in the past 12 months that helped push his conglomerate Berkshire Hathaway to an all-time high. Many Buffett watchers have been dazzled by the "Oracle of Omaha's" sharp mental acuity and astute investments he's able to...
Warren Buffett, Chairman and CEO of Berkshire Hathaway.David A. Grogan | CNBCWarren Buffett took control of Berkshire Hathaway in 1965, and nearly six decades later as the "Oracle of Omaha" turned 93 on Wednesday, his conglomerate is stronger today than it's ever been.Berkshire shares have roared back to an...
Occidental Petroleum will acquire Carbon Engineering in a deal valued at more than $1 billion, the latest sign of burgeoning interest among oil majors in companies focused on carbon mitigation. The transaction is expected to close by the end of the year, according to a Tuesday release , and...
Here are the most important news items that investors need to start their trading day:1. Earnings delightThe Dow Jones Industrial Average rose more than 400 points, or 1.16%, Monday to kick off the week. Meanwhile, the S&P 500 rose 0.9%, while the Nasdaq Composite, which was dragged down by Tesla, increased just 0.61%....
Warren Buffett, Berkshire Hathaway CEO and chairman.Cnbc | Nbcuniversal | Getty ImagesBerkshire Hathaway shares rallied to record highs Monday following a strong quarterly report that showed a rebound in insurance operations as well as a massive cash hoard that swelled to nearly $150 billion.Berkshire's Class A shares climbed 3.4% to...
Berkshire Hathaway shares just hit a record high on the back of strong second-quarter results, but Wall Street analysts believe it's still not too late to buy Warren Buffett's conglomerate. Investors cheered a strong quarterly repor t that showed a rebound in insurance operations as well as a massive cash...
Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska. David A. Grogan | CNBCBerkshire Hathaway on Saturday reported a solid increase in second-quarter operating earnings, while the cash hoard at Warren Buffett's conglomerate swelled to nearly $150 billion.The Omaha-based giant's operating earnings — which...
Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Nebraska, May 5, 2019.Nati Harnik | APWarren Buffett's Berkshire Hathaway dumped a significant portion of its stake in Activision Blizzard as Microsoft's deal to buy the video game...
Traders work on the floor of the New York Stock Exchange during morning trading on July 06, 2023 in New York City.Michael M. Santiago | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything...