[ad_1] Berkshire Hathaway’s shareholders meeting in 2019 in Omaha, Neb. Photo: Nati Harnik/Associated Press March 11, 2022 5:38 pm ET Berkshire Hathaway Inc. BRK.B 0.40% has nominated Wally Weitz, founder and co-chief investment officer of Weitz Investment Management, to the board vacancy created by the resignation of longtime Berkshire director Tom Murphy. Warren Buffett had […]
[ad_1] Target’s traffic-driving strategy seems to be paying off. Photo: David Dee Delgado/Bloomberg News Target TGT 9.84% has taken a victory lap around the grocery, clothing and home aisles over the past two years. How much faster can it run? In 2021, Target breached the threshold of $100 billion in annual revenue, having grown 47% […]
[ad_1] Brian Moynihan’s compensation includes $1.5 million in base pay and $30.5 million in restricted stock. Photo: Simon Dawson/Bloomberg News Updated Feb. 4, 2022 5:35 pm ET Bank of America Corp. BAC 3.98% increased Chief Executive Officer Brian Moynihan’s pay by 31% last year after the lender posted record profits. Mr. Moynihan earned $32 million […]
[ad_1] Receivers have been appointed over land in Hong Kong that China Evergrande Group used as collateral for a $520 million loan, but the sale of the plot won’t affect the company’s broader restructuring, the troubled developer said. Evergrande was notified Wednesday about the move, which relates to a plot of undeveloped residential land located […]
[ad_1] Stock futures are rising, with technology shares on track to lead gains ahead of a policy decision from the Federal Reserve. Here’s what we’re watching in Wednesday’s trading: Microsoft MSFT -2.66% shares gained 3.8% premarket. The software giant said its earnings continued to grow last quarter as its cloud-services business stayed strong. The bullish mood was rubbing […]
[ad_1] The stock market’s winter selloff deepened this week, pushing all three major indexes further into the red for 2022. The S&P 500 and Dow Jones Industrial Average both fell a second straight week, while the Nasdaq Composite has been down the last three. Investors continued to sell bonds, pushing the yield on the benchmark […]
[ad_1] Troubled property developer China Evergrande Group EGRNF -10.55% said construction work has resumed at more than 90% of its stalled residential projects, adding that it has picked up the pace of delivering apartments promised to home buyers across the country. Evergrande, EGRNF -10.55% in a statement Sunday night, said more than 80% of its […]
[ad_1] Stock futures are down at the end of a week that saw major central banks chart divergent courses as they confront inflation. Here’s what we’re watching in Friday’s action: Rivian RIVN -5.33% shares ran out of gas premarket, dropping 9.6%. The electric-vehicle startup plans to start construction next year on a second U.S. manufacturing facility in Georgia, placing a […]
[ad_1] A historic surge of cash has swept into exchange-traded funds, spurring asset managers to launch new trading strategies that could be undone by a market downturn. This year’s inflows into ETFs world-wide crossed the $1 trillion mark for the first time at the end of November, surpassing last year’s total of $735.7 billion, according […]
[ad_1] Investments in private companies are saving the year for stock-picking hedge funds. Prominent managers that invest in both public and private companies in the same funds have seen their portfolio of public investments flail, weighed down by losses from January’s meme-stock rally and a retreat by fast-growing technology stocks. But soaring valuations of private […]