Berkshire Hathaway Backs Away From Canadian Gas Project

Berkshire Hathaway Inc. has backed out of financing a major gas project in the Canadian province of Quebec, prompting worries that international investors are increasingly shunning the country after protests over another energy project. Warren Buffett’s conglomerate pulled out of providing roughly 4 billion Canadian dollars ($2.99 billion) in equity financing for the Énergie Saguenay … Continue reading Berkshire Hathaway Backs Away From Canadian Gas Project

Berkshire Hathaway Posts Rising Profit

Warren Buffett’s Berkshire Hathaway Inc. said second-quarter earnings rose due to unrealized investment gains, while the company’s cash pile grew to a record. Berkshire reported second-quarter net earnings of $14 billion, or $8,608 per Class A share equivalent, from $12 billion, or $7,301 a share, in the year-earlier period. Operating earnings, which exclude some investment … Continue reading Berkshire Hathaway Posts Rising Profit

Warren Buffett’s Berkshire Hathaway Inc has signed an agreement to allow extraction of lithium from its geothermal wells in California

Berkshire Hathaway’s geothermal wells could produce up to 90,000 tonnes of lithium a year worth $1.5 billion at current prices, the report said, citing a fundraising document.

Stock Market News – Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said its quarterly operating profit doubled.

The strong result gives Buffett more cash to deploy even as the well-known bargain-hunting “value” investor has admitted struggling to find a place to put those earnings to work and resorted to buying back $928 million in his own company’s stock in the latest quarter.

Why The Stock Market Is Up Even With Historic Job Losses?

A record number of Americans just lost their job, yet stocks are moving higher. This seems paradoxical, given the economic toll — to say nothing of the emotional toll — of millions of people across the country without a job. While some observers say it’s further indication that the stock market has become decoupled from … Continue reading Why The Stock Market Is Up Even With Historic Job Losses?

Warren Buffett Is Still Bullish On Stocks And The Long-Term Market

The Oracle of Omaha is still bullish on stocks and the long-term market. The recent coronavirus-related volatility in the stock market was enough to rattle even the most confident market bull. However, beloved investing guru and Berkshire Hathaway (BRK.A, BRK.B) CEO Warren Buffett is always around to deliver his textbook calm, pragmatic advice and reassurance … Continue reading Warren Buffett Is Still Bullish On Stocks And The Long-Term Market

International Markets Regained Ground After The Worst Day In 12 Years

International markets regained ground after Monday’s bruising selloff, with American stock futures gaining 2.6%, as investors welcomed the prospect of new U.S. tax cuts and other measures to counter the economic pain caused by the coronavirus. President Trump said Monday his administration would discuss several proposals with Congress, including a possible payroll-tax cut and help … Continue reading International Markets Regained Ground After The Worst Day In 12 Years

Global Markets In Turmoil As Oil Plunges

Oil plunged more than 25%, 10-year Treasury yields dipped below 0.4%, stocks dropped, and currencies swung as the prospect of an energy glut ratcheted up turmoil across markets world-wide. Investors are responding to Saudi Arabia’s decision over the weekend to cut most of its oil prices and boost output, despite existing threats to demand from … Continue reading Global Markets In Turmoil As Oil Plunges

Financial Markets – Top 5 Things to Watch This Week

All eyes will be on the European Central Bank this week as global central bankers try to respond to the economic risk posed by the coronavirus threat. The ECB, which meets on Thursday, has less room to act than the Federal Reserve but market watchers still see a good chance of a rate cut. The … Continue reading Financial Markets – Top 5 Things to Watch This Week

Coronavirus: The Italian Government Is Locking Down 17 Million People

A decree from the Italian Prime Minister’s office says people living in Lombardy, where Milan is the capital, and the named provinces in Lombardy’s nearby regions must “absolutely avoid any movement into and out of the areas.” Police, emergency services and if needed the army will be available to enforce the quarantine. People violating the … Continue reading Coronavirus: The Italian Government Is Locking Down 17 Million People

Business News Today: Microsoft to Buy Back Up to $40 Billion in Stock

Start Trading Now or Try a FREE Demo Account. Microsoft Corp. said it plans to buy back as much as $40 billion in stock and raise its dividend 11%, maintaining its record of sharing its flood of cash with shareholders. This is the third time the software giant has authorized a buyback plan of that size. The … Continue reading Business News Today: Microsoft to Buy Back Up to $40 Billion in Stock

Australia’s Jobless Rate Unexpectedly Climbed

♦ Australian Unemployment ♦ Australia’s jobless rate unexpectedly climbed in August as the labor force swelled to a fresh record, signaling additional labor-market slack that sets the scene for further easing by the central bank. Unemployment climbed to 5.3%, the highest level in a year, and above the 5.2% forecast by economists, data from the … Continue reading Australia’s Jobless Rate Unexpectedly Climbed

FedEx Corporation – Shares Tumbled

Trade Online Without Risk With a Free Demo Account The shares tumbled 10% to $155.29 before the start of regular trading in New York on Wednesday. The drop wiped out FedEx’s year-to-date gain Blaming a weakening global economy, FedEx Corp. sliced its profit outlook in the latest sign that trade tensions are dragging down U.S. … Continue reading FedEx Corporation – Shares Tumbled

Boeing Co: U.S. Might Approve the 737 MAX to Fly

Boeing News Today – Stock Market News … — Boeing has said it expects the plane to be back in service, at least in some places, starting in the fourth quarter of this year, and the FAA could perform a certification flight as soon as next month. — Six months after the U.S. was the … Continue reading Boeing Co: U.S. Might Approve the 737 MAX to Fly

PG&E Reaches $11 Billion Settlement with Insurers over Deadly Wildfires

Deal Moves PG&E Closer to Bankruptcy Exit PG&E said it has reached an $11 billion settlement with insurance companies over wildfire claims, a significant step toward emerging from bankruptcy. The deal covers insurance carriers and hedge funds that were seeking compensation from PG&E for payouts insurers made to homeowners and businesses in connection with fires … Continue reading PG&E Reaches $11 Billion Settlement with Insurers over Deadly Wildfires

European Central Bank Launches New Bond-Buying Program

The European Central Bank (ECB) announced a massive new bond-buying program Thursday in a bid to stimulate the ailing euro zone economy. President Mario Draghi announced that the central bank would cut its main deposit rate by 10 basis points to -0.5%, in line with expectations. The ECB now expects interest rates to remain at … Continue reading European Central Bank Launches New Bond-Buying Program

Trump Raises Pressure on Fed

◊ StockMarketNews.Today – BUSINESS & FINANCIAL NEWS ◊ — … President Donald Trump urged the Federal Reserve to lower interest rates to a level typically reserved for recessions or periods of persistently weak growth, suggesting that such a setting could allow the government to refinance Treasury debt at a lower cost. Start Trading Now or Try … Continue reading Trump Raises Pressure on Fed

U.S. Stocks Open Higher on Hopes for Trade Talks

◊ U.S. Stocks News Today ◊ ♦ Stock Market News Today ♦ … — U.S. stocks advanced Thursday amid renewed hopes for progress in the trade dispute between the U.S. and China. The Dow Jones Industrial Average climbed 267 points, or 1.1%. The S&P 500 added 1%, led by gains in trade-sensitive industrial and material … Continue reading U.S. Stocks Open Higher on Hopes for Trade Talks

Amgen to Buy Celgene’s Otezla for $13.4 Billion in Cash

◊ Amgen News Today ◊ ♦ Amgen Buy Otezla ♦ Stock Market News ♦ … — Amgen Inc. said it has agreed to buy Celgene Corp. ’s psoriasis treatment Otezla for $13.4 billion in cash, in a deal that would pave the way for Bristol-Myers Squibb Co. to complete its acquisition of Celgene. Amgen said Monday … Continue reading Amgen to Buy Celgene’s Otezla for $13.4 Billion in Cash

Italy’s Government Collapsed

{ Italy Government Crisis – Stock Market News } … Italy’s government collapsed, plunging the economically fragile country into deeper political turmoil, and triggering a scramble to form a new governing coalition to keep the increasingly popular far-right out of power. Prime Minister Giuseppe Conte announced his resignation in a speech to the Senate on Tuesday, blaming … Continue reading Italy’s Government Collapsed

Home Depot Cuts Sales Forecast

{ Home Depot Cuts Sales Forecast – Stock Market News } … Home Depot Inc. lowered its sales forecast as the company warned that rising material costs as well as the potential effects of tariffs on U.S. consumers could weigh on growth. The home-improvement retailer said fiscal 2019 sales growth would increase by 2.3%, down from its previous … Continue reading Home Depot Cuts Sales Forecast

Investing for Beginners

{ Stock Market News Today – Investing for Beginners } … So you’ve decided to start investing?… Congratulations! Whether you’re just starting out on your own, in the middle of your career, approaching retirement age, or in the midst of your golden years, this means you’ve begun to think about your financial future… Nobody starts out … Continue reading Investing for Beginners

Best Airline ETFs To Buy Today {2019}

• StockMarketNews.Today – Stock Market News Today • What Are Airline ETFs?… Airline ETFs are exchange-traded funds that invest primarily in stocks of companies in the airline industry, which may include those involved in airline services, airliner manufacturing, air freight and logistics, airport services and related companies in the transportation industry. Like most ETFs, airline ETFs … Continue reading Best Airline ETFs To Buy Today {2019}

Bond Market Recession Signal …

◊ Business & Financial News – Stock Market News Today ◊  —  Stocks plunged on Wednesday, giving back Tuesday’s solid gains, after the U.S. bond market flashed a troubling signal about the U.S. economy. The Dow Jones Industrial Average dropped about 655 points or 2.3%, while the S&P 500 fell 2.3% and Nasdaq Composite declined 2.6%. … Continue reading Bond Market Recession Signal …

U.S. Removes Some Items From China Tariff List

◊ Business & Financial News – Stock Market News Today ◊ ◊ US Removes Some Items From China Tariff List ◊ The United States Trade Representative office said Tuesday certain items were being removed from the new China tariff list because of “health, safety, national security and other factors” while tariffs on other items would … Continue reading U.S. Removes Some Items From China Tariff List

Financial Markets – Top 5 Things to Watch This Week

◊ Financial Markets News – Stock Market News Today ◊ Start Trading Now or Try a FREE Demo Account Here’s what you need to know before start trading this week: This week investors will have a chance to parse a fresh batch of economic data to gain insights into the health of the global economy and whether … Continue reading Financial Markets – Top 5 Things to Watch This Week

Kraft Heinz Shares Fall 15 Percent

◊ Kraft Heinz News Today – Stock Market News Today ◊ Kraft Heinz’s shares fell 13% to below $27. The stock is down 38% this year. Big food makers are under enormous pressure to improve their products and add new brands as consumers gravitate toward foods they perceive as fresher and healthier. General Mills Inc., … Continue reading Kraft Heinz Shares Fall 15 Percent

Financial Markets: Turnaround Tuesday

◊ Financial Markets On Tuesday — August 6 ◊ Top Five Things You Need To Know In Financial Markets Today: 1. U.S. labels China “currency manipulator” The U.S. Treasury officially labeled China as a currency manipulator after the People’s Bank of China allowed the Chinese yuan to fall below 7 per dollar on Monday in … Continue reading Financial Markets: Turnaround Tuesday

Stocks Drop As Trade Battle Intensifies

> Stocks Drop – Stock Market News Today < U.S. futures and global stocks started the week with sharp declines and the yuan depreciated to a new low as President Trump’s threat to impose more tariffs on Chinese goods continued to rattle investors. The Stoxx Europe 600 was down 1.9%, led by losses in the … Continue reading Stocks Drop As Trade Battle Intensifies

Pre-Market Data: U.S. Futures Point To Dow Opening More Than 260 Points Lower

Pre-Market Data – Stock Market News Today U.S. Futures on Monday pointed to a sharply lower open for U.S. stocks, but Dow futures pulled off their session lows of more than 325 points. Dow Jones Industrial Average futures implied an opening drop of more than 260 points on Monday as of 5:50 a.m. ET. Futures … Continue reading Pre-Market Data: U.S. Futures Point To Dow Opening More Than 260 Points Lower

Best Cheap Stocks To Invest In 2019 … {Warren Buffett Portfolio}

◊ Cheap Stocks To Buy Now ◊ 1- Synchrony Financial ($36.60), a major issuer of charge cards for retailers, was spun off of GE Capital in 2014. It’s both a lender and a payments processor – like another Buffett stock, American Express (AXP) – but it caters to customers who skew more toward the middle … Continue reading Best Cheap Stocks To Invest In 2019 … {Warren Buffett Portfolio}

The U.S. Is Overflowing With Natural Gas But The Infrastructure Needed To Move Gas Around The Country Hasn’t Kept Up

America is awash in natural gas…. Earlier this year, two utilities that service the New York City area stopped accepting new natural-gas customers in two boroughs and several suburbs. Citing jammed supply lines running into the city on the coldest winter days, they said they couldn’t guarantee they’d be able to deliver gas to additional … Continue reading The U.S. Is Overflowing With Natural Gas But The Infrastructure Needed To Move Gas Around The Country Hasn’t Kept Up

Strong Jobs Report Sets Off Broad-Based Rally On Wall Street…

STOCK MARKET NEWS TODAY ——— Wall Street’s main indexes rose in a broad-based rally on Friday, as job growth surged in April and unemployment rate dropped, pointing to solid expansion in the domestic economy. The Labor Department said employers added 263,000 jobs in April, which blew past expectations, and the unemployment rate dropped to a … Continue reading Strong Jobs Report Sets Off Broad-Based Rally On Wall Street…

Should Investors Own Any Bitcoin In Their Portfolios?

Fans of bitcoin also claim that the value of cryptocurrencies should be more stable because there is a finite supply of coins. Governments can always print more money. But bitcoin skeptics, including investing legend Warren Buffett, think bitcoin is something to be avoided at all costs.

Glencore PLC Plans To Curb Production At One Of Its Biggest Copper And Cobalt Mining Operations

Glencore ( GLNCY ) plans to curb production at one of its biggest copper and cobalt mining operations, Mutanda Mining Sarl in Congo, according to people familiar with the matter, potentially taking a sizable portion of two important industrial metals out of circulation.

Thousands of products were pulled from Amazon.com Inc.’s India website Friday — the first direct impact from the country’s new e-commerce rules

India’s new restrictions, which went into effect Friday, were designed to help local retailers better compete against foreign-owned giants like Amazon and Walmart Inc., as the e-commerce market is poised to boom in the country. Amazon warned Thursday that India’s restrictions could crimp revenue this quarter and that it was still evaluating the regulations.

U.S. homes and businesses used record amounts of natural gas for heating during the brutal freeze blanketing the eastern half of the country on Wednesday

Several utilities urged customers to cut back on power and gas use on Thursday during the brutal freeze blanketing the eastern half of the country after U.S. homes and businesses used record amounts of natural gas for heating on Wednesday

Venezuela Has 20 Tons of Gold Ready to Ship. On Monday, a plane belonging to Nordwind Airlines, a company based in Moscow, landed at the international airport near Caracas

Venezuela has been trying for years to increase its gold reserves by encouraging mining, putting the military in charge of vast territories that yield the precious metal.

With strongman President Nicolas Maduro losing control of the country’s already-scant finances and reserves thanks to U.S. sanctions, who can put his hands on the nation’s estimated 200 tons of gold at home and abroad has become a key question.

Caterpillar Inc. set lower-than-expected profit targets for 2019, as China’s slowing economy and higher material and transportation costs weighed on the machinery giant

Caterpillar said that lower demand in China is leading to declining sales in Asia and that the company expects the overall market for excavators in China to be largely flat this year.

Procter & Gamble Co. reported strong quarterly sales, continuing a streak of robust gains and prompting the consumer-products giant to raise its outlook

P&G said it expects organic sales growth for the full year of between 2% and 4%, an improvement on its prior projection of 2% to 3%.

BlackRock, the world’s largest money manager, announced job cuts this month after the worst year for many stock indexes since the financial crisis

BlackRock reported a smaller-than-expected fourth quarter profit and analysts expect fourth-quarter earnings for S&P 500 asset managers and custody banks to drop 0.8 percent on average. At the beginning of October, they had forecast growth of 10.3 percent, Refinitiv data show

Best places to find free money. State treasuries and other agencies are holding more than $40 billion in unclaimed assets. Some of it could be yours.

Unclaimed assets, often from accounts that have been inactive for a certain period of time, can include checking and savings, payroll checks, utility deposits and tax refunds. They may also include stock certificates, certificates of deposit, insurance benefits, pension payments and safe-deposit-box contents.

3 Pharma Stocks to buy in 2019. The pharmaceutical sector delivers two benefits that appeal to investors: reasonable P/E ratios and growth catalysts.

Many pharma stocks have suffered as of late. Some have key drugs facing patent expirations. Meanwhile, others have sold off as trade-related fears or regulatory hurdles both domestically and abroad increase uncertainty. However, some of these companies have responded by developing new drugs. The following 3 pharma stocks appear particularly well-positioned to benefit from new drugs and demographic tailwinds in 2019.

Facebook employee morale is down after a turbulent year for the company, according to the reported findings of an internal survey.

The darkening mood within the social-media giant is notable in part because its workforce has been resilient through other difficult patches in the past. That includes the period after the 2016 presidential election, when many critics were blaming Facebook for allowing fabricated news articles to pervade the platform.

Stock Market News – US technology stocks suffered renewed losses with the Nasdaq Composite index falling back into correction territory

Dimming hopes of a U.S.-China trade agreement, a lackluster reading on the Chinese economy and a tech-led selloff on Wall Street on Friday contributed to Monday’s subdued trading, after stocks last week mostly rebounded from an October rout.

Did Warren Buffett just make a $55 billion bet on an imminent market crash?

StockMarketNews.Today – According to a new SEC filing, Buffett is sitting on $55 billion in cash through his company Berkshire Hathaway. This is highly unusual behavior from a man often called “the world’s greatest investor.”