Amazon (AMZN) gave Wall Street a lot to like, and BofA analysts have responded in kind. The bank kept its buy rating on Amazon stock, while raising its price target to $310 from $298, implying roughy 18% upside from its recent $263 level. Three primary drivers anchoring the call include a robust ...
Amazon (AMZN) gave Wall Street a lot to like, and BofA analysts have responded in kind. The bank kept its buy rating on Amazon stock, while raising its price target to $310 from $298, implying roughy 18% upside from its recent $263 level. Three primary drivers anchoring the call include a robust ...
Berkshire Cash Hits A Record $397 Billion After Selling Most Stocks In 2 Years The head of Berkshire may be new, but nothing has changed in the business model. In Berkshire's first quarter Greg under Abel, who succeeded Buffett in January as Berkshire's chief executive, the company on Saturday reported a higher first-quarter operating profit even as economic uncertainty weighed on several of its c...
Berkshire Cash Hits A Record $397 Billion After Selling Most Stocks In 2 Years The head of Berkshire may be new, but nothing has changed in the business model. In Berkshire's first quarter Greg under Abel, who succeeded Buffett in January as Berkshire's chief executive, the company on Saturday reported a higher first-quarter operating profit even as economic uncertainty weighed on several of its consumer-oriented businesses. The Omaha, Nebraska-based conglomerate built by Warren Buffett and now led by Greg Abel also reported a record cash level, reflecting continuing difficulty finding investments that meet its value-oriented principles.The conglomerate also continued its trend of divesting its stock portfolio with the largest sales od equity securities in Q1 since mid-2024; it also unveiled the first, modest stock buyback since Q2 of 2024. Profit from Berkshire's numerous businesses rose 18% to $11.35 billion, or about $7,891 per Class A share , from $9.64 billion a year earlier. Net income, including from common stock investments, more than doubled to $10.1 billion, or $7,027 per Class A share, from $4.6 billion thanks to a boost from an improvement in underwriting results in its vast insurance businesses ( Berkshire has traditionally downplayed the relevance of net income, which because of accounting rules includes unrealized gains and losses on stocks it has no plans to sell, and its therefore especially volatile during periods of market stress). Berkshire's earnings are closely watched because the conglomerate’s businesses, ranging from insurance to railroads to energy and manufacturing, provide a snapshot of the health of the US economy. The company owns dozens of businesses including Geico, the BNSF railroad, Berkshire Hathaway Energy, Dairy Queen and See's Candies. Yet while Berkshire is sometimes considered a microcosm of the broader U.S. economy, its focus on insurance and hard assets has left it out of step with broader market trends, including the pr...
Sunderland defender Dan Ballard becomes the third player to be sent off for pulling an opponent's hair in the Premier League this season. Is it time to change the law?
Sunderland defender Dan Ballard becomes the third player to be sent off for pulling an opponent's hair in the Premier League this season. Is it time to change the law?
The new rules focus on areas such as AI protections for writers and actors and expanded eligibility for international films. (Image credit: Frederic J. Brown)
The new rules focus on areas such as AI protections for writers and actors and expanded eligibility for international films. (Image credit: Frederic J. Brown)
Danco Laboratories files emergency appeal after lower court blocks telemedicine providers from prescribing A manufacturer of the abortion pill mifepristone, Danco Laboratories, filed an emergency appeal to the US supreme court on Saturday asking it to halt a court decision that would require an in‑person exam before the medication can be prescribed. The request came hours after the fifth US circui...
Danco Laboratories files emergency appeal after lower court blocks telemedicine providers from prescribing A manufacturer of the abortion pill mifepristone, Danco Laboratories, filed an emergency appeal to the US supreme court on Saturday asking it to halt a court decision that would require an in‑person exam before the medication can be prescribed. The request came hours after the fifth US circuit court of appeals temporarily reinstated the requirement blocking telemedicine health providers from prescribing to patients by mail in response to a challenge from Louisiana. Continue reading...
Key PointsKristin Trecker sold 4,259 shares for a transaction value of approximately $477,000 across two days (April 27–28, 2026) at a weighted average price around $111.91 per share.
Key PointsKristin Trecker sold 4,259 shares for a transaction value of approximately $477,000 across two days (April 27–28, 2026) at a weighted average price around $111.91 per share.
Not every billionaire critique comes with a compliment baked in. But when Charlie Munger sized up Tesla CEO Elon Musk, he didn't dismiss him or cheer him on. He did something rarer. He separated the talent from the investment. Speaking...
Not every billionaire critique comes with a compliment baked in. But when Charlie Munger sized up Tesla CEO Elon Musk, he didn't dismiss him or cheer him on. He did something rarer. He separated the talent from the investment. Speaking...
Arsenal put pressure on Manchester City with 3-0 win First-half performance ‘one of the best’ this season Mikel Arteta said his Arsenal team had played some of their best football of the season in Saturday’s 3-0 home win over Fulham and demanded that they take the positive feelings into the return leg of their Champions League semi-final against Atlético Madrid on Tuesday. Arsenal picked a fine ti...
Arsenal put pressure on Manchester City with 3-0 win First-half performance ‘one of the best’ this season Mikel Arteta said his Arsenal team had played some of their best football of the season in Saturday’s 3-0 home win over Fulham and demanded that they take the positive feelings into the return leg of their Champions League semi-final against Atlético Madrid on Tuesday. Arsenal picked a fine time to recover their attacking flow, Viktor Gyökeres scoring either side of a Bukayo Saka goal to give them an unassailable half-time lead. The result took them six points clear of Manchester City at the top of the Premier League, albeit their rivals have two games in hand – the first of which is at Everton on Monday night. Continue reading...
April 29 was a major day for the stock market as the "Big Three" in the cloud industry, Amazon (NASDAQ: AMZN) , Microsoft (NASDAQ: MSFT) , and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) , all released their latest quarterly reports. The market cheered Alphabet and Amazon's results -- both companies saw their shares jump post-earnings -- while Microsoft wasn't so lucky. However, one corporation that w...
April 29 was a major day for the stock market as the "Big Three" in the cloud industry, Amazon (NASDAQ: AMZN) , Microsoft (NASDAQ: MSFT) , and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) , all released their latest quarterly reports. The market cheered Alphabet and Amazon's results -- both companies saw their shares jump post-earnings -- while Microsoft wasn't so lucky. However, one corporation that was arguably a big winner, despite its quarterly update not being due for another three weeks, is Nvidia (NASDAQ: NVDA) . Here is why. Image source: Getty Images. Alphabet, Microsoft, and Amazon are spending small fortunes on artificial intelligence (AI) capital expenditures. And by the looks of it, they will maintain that pace for the foreseeable future. Management commentary supports this outlook. Consider Alphabet, whose CFO, Anat Ashkenazi , said that most of the company's capex spending in the first quarter was to support its AI opportunities. She also predicted that spending would significantly accelerate in 2027 compared to this year. Continue reading
Austan Goolsbee Getty Images Inflation data last week was "bad news" for the U.S. Federal Reserve and means the Fed needs to be cautious about rate cuts until inflation begins to recede, Chicago Fed President Austan Goolsbee said on Saturday. "We have got to get some assurance that we are going back to the 2% inflation target," Goolsbee said on Fox News' "The Journal Editorial Report," referring t...
Austan Goolsbee Getty Images Inflation data last week was "bad news" for the U.S. Federal Reserve and means the Fed needs to be cautious about rate cuts until inflation begins to recede, Chicago Fed President Austan Goolsbee said on Saturday. "We have got to get some assurance that we are going back to the 2% inflation target," Goolsbee said on Fox News' "The Journal Editorial Report," referring to data last week showing the Personal Consumption Expenditures price index, the central bank's preferred inflation measure, rose at a 3.5% annual rate in March. Goolsbee noted that inflation was rising even in service industries largely insulated from the impact of tariffs and rising oil prices due to the U.S.-backed war with Iran . The composition of inflation now "doesn't look good," said Goolsbee, who is not a voter on rate policy this year but dissented from a Fed rate cut in December because of what he saw then as rising inflation risks, which have intensified in recent weeks as oil prices have risen. The Fed, at its meeting last week, held the policy rate of interest steady in the 3.5% to 3.75% range on an 8-4 vote, the most divided since 1992. Three of the dissents were against language indicating the Fed's next move was most likely a rate cut. Goolsbee said the split decision showed the potential complications of offering "forward guidance" on the path of monetary policy, prompting dissents from three officials who supported the actual rate decision at the meeting. Asked about current Fed Chair Jerome Powell's decision to remain as a Fed governor after incoming Fed Chair Kevin Warsh is confirmed by the Senate in the coming weeks, Goolsbee said he was both glad to have Powell's continued input and "excited" for Warsh's arrival. "I like (Powell) quite a lot. I will be happy he is going to switch to a governor's seat but still be there. He has been judicious and he has insights," Goolsbee said. He added about Warsh that he was "excited to see him come in and see what m...