Warren Buffett made plenty of savvy moves during his legendary tenure as CEO of Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) . And one of his last major stock picks in his last years before stepping down was Occidental Petroleum (NYSE: OXY) -- and it's worked out quite well recently. Berkshire's relationship with the energy company dates back to 2019, when it invested in Occidental preferred stock...
Warren Buffett made plenty of savvy moves during his legendary tenure as CEO of Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) . And one of his last major stock picks in his last years before stepping down was Occidental Petroleum (NYSE: OXY) -- and it's worked out quite well recently. Berkshire's relationship with the energy company dates back to 2019, when it invested in Occidental preferred stocks and warrants. The Buffett-led conglomerate began building its common-stock stake in 2022. Purchases of the stock continued in 2023, 2024, and 2025. Today, based on Berkshire's public filings earlier this year, Occidental remains a top holding in the conglomerate's massive equity portfolio, accounting for about 4% at the time of the report and an estimated 5% now, based on the stock's appreciation and assuming Berkshire hasn't sold any shares. Continue reading
(RTTNews) - Australian shares are trading notably lower on Wednesday, after closing muted for three straight sessions, with the benchmark S&P/ASX 200 falling below the 8,900 level, following the broadly negative cues from Wall Street overnight, with weakness in gold miners and fi
(RTTNews) - Australian shares are trading notably lower on Wednesday, after closing muted for three straight sessions, with the benchmark S&P/ASX 200 falling below the 8,900 level, following the broadly negative cues from Wall Street overnight, with weakness in gold miners and fi
AlexSecret/iStock via Getty Images By Elior Manier Today welcomed one of the final steps for Kevin Warsh to replace Jerome Powell as Chairman for the Federal Reserve – a process that initially was supposed to occur on May 15th. However, the Trump Administration decided to spice things up with a Powell investigation that sent yet another wave of chaos in February. But this is a relatively small det...
AlexSecret/iStock via Getty Images By Elior Manier Today welcomed one of the final steps for Kevin Warsh to replace Jerome Powell as Chairman for the Federal Reserve – a process that initially was supposed to occur on May 15th. However, the Trump Administration decided to spice things up with a Powell investigation that sent yet another wave of chaos in February. But this is a relatively small detail, but one that would annoy the President even more, as the investigation would prevent Kevin Warsh's validation to pursue . Odds for Kevin Warsh to start his mandate on time – From 85% to the current 33%. Source: Polymarket Highlights from Kevin Warsh's morning Senate hearing The highly anticipated Senate confirmation hearing for incoming Federal Reserve Chair Kevin Warsh took center stage this morning, and Wall Street is now frowning. Stepping into the spotlight amid a backdrop of high geopolitical volatility, Warsh delivered a mixed address that instantly sent ripples across asset classes and triggered a decent market pullback . At the core of his testimony was a bold declaration regarding monetary policy: Warsh explicitly stated his desire to reform the Federal Reserve, with notable calls for a review on forward guidance (that he wants to drop entirely) and a new inflation framework . Rejecting the policy complacency of recent years (showing his disagreement for post-COVID policy), he signaled a structural shift in how the central bank will measure and react to price stability. Warsh's toughest point of view is on the Fed's balance sheet, which he wants to see reduced heavily over the coming years. This would definitely not be as positive for stock markets. For markets that have grown accustomed to a highly accommodating Fed, this was a decent reality check. Wall Street really loves Jerome Powell, and his exit will surely be regretted by some. Some tough questions , particularly from Senator Warren, on his swinging hawkishness, blasted the Fed Chair nominee – and he d...
Halliburton Sees First Signs Of Life In America's Oil Patch: "We Are In Early Innings" An emerging theme we are focusing on is the early stage of a major capex upcycle in America's oil patch, with even Goldman now moving in that direction and forecasting a boom that could echo the industry's expansion cycle of the early 2000s . Continental Resources CEO Doug Lawler was the first of the major oil p...
Halliburton Sees First Signs Of Life In America's Oil Patch: "We Are In Early Innings" An emerging theme we are focusing on is the early stage of a major capex upcycle in America's oil patch, with even Goldman now moving in that direction and forecasting a boom that could echo the industry's expansion cycle of the early 2000s . Continental Resources CEO Doug Lawler was the first of the major oil patch players to mention in early April that " Continental is increasing our capital budget, which will increase production ." Now, another giant of the oil patch, Halliburton , a major supplier of the gear, crews, and services that keep drilling and fracking going, reports new signs of life in oilfield activity across North America. " While these calls are not for committed crews, they do suggest incremental demand is building in spot markets with smaller operators. This is the leading edge of capacity tightening. While we are in the early innings, in my view the setup for North America is constructive. Premium equipment is already tightening," Halliburton CEO Jeff Miller told investors in the company's first-quarter earnings statement earlier today. Halliburton reported strong international performance, especially in Latin America, where revenue jumped 22% year over year, helping to offset disruptions in the Gulf area. The company still beat Bloomberg Consensus expectations on adjusted earnings, though the conflict in the Middle East reduced profit in its drilling and evaluation units by about 2 to 3 cents per share. Melius Research analyst James West noted that Halliburton "posted a solid beat across the board" that was "driven by international strength that more than offset continued North America softness." Miller's comments about signs of life returning to the oil patch add to remarks made by Continental Resources CEO Doug Lawler earlier this month. This leaves us asking whether a broader shale response is still to come... Answering that question is a team of Goldman a...
Getty Images Update Since Last Coverage Back in early December of 2025 , I first covered Imperial Oil ( IMO ), and to say that the stock has done well since then, I think, is an understatement without sounding like I'm bragging too much. Since Last Coverage (Seeking Alpha) Compared to the S&P 500's return of 4.34%, the return since then has provided investors with a lot of portfolio alpha. Because...
Getty Images Update Since Last Coverage Back in early December of 2025 , I first covered Imperial Oil ( IMO ), and to say that the stock has done well since then, I think, is an understatement without sounding like I'm bragging too much. Since Last Coverage (Seeking Alpha) Compared to the S&P 500's return of 4.34%, the return since then has provided investors with a lot of portfolio alpha. Because of the nature of the business, a lot of the stock price growth has come from the rise of WTI prices following the conflicts in the Middle East. However, to say that IMO now isn't as attractive as an investment, I think, is wrong. Stock Price Moves (Seeking Alpha) Commodities are cyclical and highly volatile, and those who follow the energy sector know this. Like today, when I'm writing this article, the stock is up 6.61% before market open after having fallen 3% last Friday. Since my last article, IMO has also released another quarterly report, and we are less than 2 weeks out from the next one as well, which would include figures showing the impact that raised oil prices have had on the income statement, along with management comments on what the outlook is for the rest of the year. My bet is that IMO will raise its FY2026 guidance by a moderate amount, causing the stock to jump, so I'm confident staying bullish up until then and even upgrading my rating to a Strong Buy. The fundamentals have shifted for the better, and elevated oil prices are not just a short-term fad; they're something we'll see stick around for a lot longer, I think. Dividends and Buybacks - Still the Main Attraction, Plenty More of It Ahead It's one of the largest Canadian energy companies and its operational structure makes it unique. Most companies would perhaps engage in either midstream and downstream or upstream and midstream. IMO does all of this instead. It reports in three segments which we'll cover below here, these being Upstream, Downstream and Chemicals. In my first coverage of IMO, I wrot...
(RTTNews) - The Hong Kong stock market has moved higher in consecutive trading days, advancing more than 320 points or 1.2 percent in that span. The Hang Seng Index now rests just beneath the 26,490-point plateau although it may spin its wheels on Wednesday.
(RTTNews) - The Hong Kong stock market has moved higher in consecutive trading days, advancing more than 320 points or 1.2 percent in that span. The Hang Seng Index now rests just beneath the 26,490-point plateau although it may spin its wheels on Wednesday.
The Reserve Bank of Australia is closely monitoring developments around Anthropic PBC ’s new Mythos AI model, which the company says is powerful enough to enable sophisticated cyberattacks. The central bank is “engaging with peer regulators, government and regulated entities,” it said in a statement. “The RBA, along with peer regulators and government agencies will continue to assess the implicati...
The Reserve Bank of Australia is closely monitoring developments around Anthropic PBC ’s new Mythos AI model, which the company says is powerful enough to enable sophisticated cyberattacks. The central bank is “engaging with peer regulators, government and regulated entities,” it said in a statement. “The RBA, along with peer regulators and government agencies will continue to assess the implications of these technological advancements to ensure the ongoing safety and resilience of the financial system.” The RBA chairs Australia’s Council of Financial Regulators, which includes the corporate watchdog, the prudential regulator and the Treasury. Its engagement comes as regulators around the world step up discussions with financial firms on how they are managing cybersecurity risks linked to Mythos. Bloomberg reported Wednesday that a small group of unauthorized users in a private online forum gained access to Mythos on the same day Anthropic announced plans to release the model to a limited number of companies for testing. Anthropic has said Mythos can identify and exploit vulnerabilities “in every major operating system and every major web browser when directed by a user.” The company has restricted access to a select group of software providers under an initiative called Project Glasswing, aimed at helping firms test and strengthen their defenses against potential cyberattacks. In recent days, a growing number of financial institutions and government agencies on both sides of the Atlantic have been seeking to be added to the list of early testers to safeguard their own systems against malicious actors.