The crowd reacts during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025.CNBCOMAHA, Neb. — Berkshire Hathaway shareholders who came from around the world to Omaha for the conglomerate's annual meeting this weekend had no idea how historic this year's event would be.Warren Buffett, the...
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025.CNBCOMAHA, Neb. — Berkshire Hathaway CEO Warren Buffett shocked shareholders during the conglomerate's annual gathering on Saturday by announcing his intention to step down. For hours before that, the billionaire touched on a...
(Follow along with our full coverage of Berkshire Hathaway's annual meeting here. Warren Buffett begins talking at 9 a.m. ET.)Warren Buffett's Berkshire Hathaway reported first-quarter results on Saturday that showed a steep drop in operating earnings from the year-earlier period. The conglomerate, which owns a vast array of insurance,...
Venmo is more than just a way to split dinner bills. It has become a cultural phenomenon. Known for blending digital payments with social interaction, Venmo introduced a new way to think about money. It made peer-to-peer payments simple, quick, and even fun.In 2025, Venmo remains one of the...
Eaton , a maker of power management solutions for AI data centers and other commercial markets, delivered a solid quarter on Friday that raised more questions for us than it answered. Earnings per share for the first quarter ended in March rose more than 33% from the year-ago period...
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: It's been a great week for the U.S. stock market. The S & P 500 is up 1.6% Friday,...
Although one quarter isn't enough to squash all concerns, the good results were a step in the right direction.
Check out the companies making headlines in midday trading: Duolingo — Shares soared more than 18% after the language learning app guided toward a better-than-expected revenue forecast. Duolingo estimates second-quarter revenue will come in between $239 million and $242 million, while analysts polled by LSEG expected $234 million. Full-year...
Apple CEO Tim Cook, center, watches during the inauguration ceremonies for President Donald Trump, right, and Vice President JD Vance, left, in the rotunda of the U.S. Capitol in Washington, Jan. 20, 2025.Shawn Thew | Afp | Getty ImagesA tale of two different technology companies is playing out this...
Block shares were on track for their second-worst day Friday, plunging more than 20% as investors digested a brutal quarterly report and a wave of analyst downgrades centered on one issue: Cash App.The first-quarter earnings miss rattled Wall Street, prompting multiple firms — including Wells Fargo, Seaport, BMO, and...
Warren Buffett speaks during the...
The crowd reacts during the...
Warren Buffett speaks during the...
The crowd reacts during the...
Warren Buffett speaks during the...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
Check out the companies making headlines in extended trading. SolarEdge — The solar stock cratered 23% after SolarEdge posted a dismal third-quarter report and outlook for the current quarter's revenue. SolarEdge lost 55 cents per share, excluding items, while analysts polled by LSEG, formerly known as Refinitiv, forecast a...
It was difficult to reach investor advocates Tuesday morning to get their reaction to the Department of Labor’s latest attempt to protect retirement savers from conflicted financial advice. None of them were available until after a White House event at which President Biden formally introduced what the DOL is calling...
Rafael Henrique | SOPA Images | LightRocket | Getty ImagesDisney said Wednesday that it had agreed to buy Comcast's one-third stake in streaming service Hulu, a long-expected outcome.Disney said it expects to pay Comcast's NBCUniversal about $8.61 billion by Dec. 1, reflecting the guaranteed minimum value of $27.5 billion...
An employee walks past a quilt displaying Etsy Inc. signage at the company's headquarters in the Brooklyn.Victor J. Blue/Bloomberg via Getty ImagesShares of Etsy fell more than 4% in extended trading Wednesday after the company released third-quarter results that missed analysts' estimates for revenue, and forecasted a decline in...
iCap Enterprises Inc., a real estate investor and manager that raised $245 million from investors by selling through independent broker-dealers, declared bankruptcy near the end of September, and now clients who bought the high-risk securities are suing those firms. Based in Bellevue, Washington, iCap was founded in 2007 by...
Alexandra Lebenthal, former CEO of Lebenthal & Co., has joined Rockefeller Capital Management as a managing director and senior banker in the firm’s strategic advisory division. At Rockefeller, “I will lead investment banking coverage for financial sponsors and continue my work with women-led and -owned businesses,” Lebenthal said in an...
E.l.f. Beauty raised its full-year outlook for the second quarter in a row on Wednesday after posting another 76% year-over-year sales jump, beating Wall Street's expectations. The cosmetics company, known for its viral TikTok marketing and middle-of-the-road pricing, also saw profits nearly triple compared with the year-ago period. Shares jumped about...
