Shares of Berkshire Hathaway Inc. Cl B BRK.B, -1.59% fell 1.59% to $289.46 on Wednesday in what turned out to be an overly gloomy trading session for the stock market, with the S&P 500 Index SPX, -2.50% down 2.50% to 3,759.69 and the Dow Jones Industrial Average DJIA, -1.55% falling 1.55% to 32,147.76. This was … Read more
SoFi technologies was rising after posting a smaller-than-expected third-quarter loss and revenue that exceeded forecasts. SoFi (ticker: SOFI), the financial technology company, reported third quarter net revenue of $419 million, up 51% year over year. and a loss of 9 øre per stock. It also reported adjusted Ebitda (earnings before interest, taxes, depreciation and amortization) … Read more
Watch out Elon, Warren is catching up. With the drop in shares of Tesla this year the market value of Berkshire Hathaway is hot on the heels of the electric imager. Berkshire, led by longtime CEO Warren Buffett, is demonstrating its defensive qualities in a bear market, with its Class A shares up 0.3% this … Read more
The Securities and Exchange Commission’s planned overhaul of stock trading rules seeks to ensure that small investors get better prices when buying or selling stocks. One of the SEC’s goals is to increase the likelihood that investors will get the midpoint price on trades — halfway between the publicly displayed bid and ask price — … Read more
Zillow Group Inc. confirmed more layoffs Wednesday as the real estate services company struggles with a housing market slowdown. Bloomberg News reported Wednesday that Zillow laid off 300 employees, or about 5% of its workforce. Zillow confirmed the cuts in an email to MarketWatch. “This week, we’ve made the difficult — but necessary — decision … Read more
General Electric Co. reported profits fell in its latest quarter and outlined plans to cut costs in its renewable energy business, where problems offset big gains in the company’s aerospace division. GE GE -0.49% said it remains on track to split itself into three companies, starting with a spinoff of its healthcare business in January. … Read more
3M co. MMM 0.10% cut its profit and sales forecast for the year as weakening customer demand and the strength of the US dollar against foreign currencies dragged down quarterly sales. Sales of the industrial conglomerate’s products, which include tapes, bandages, furnace filters and safety equipment, fell 3.6% from the same period last year, 3M … Read more
The pandemic day trading boom has burst. A dizzying stock market and high inflation have dampened individual investors’ enthusiasm for buying and selling stocks. That was shown in earnings reports and financial information from some of the biggest retail brokerages in recent weeks. The average daily number of retail trades handled by Charles Schwab corp. … Read more
Small-cap stocks are making a comeback. A strong US dollar boosts their run. After suffering a bruising earlier this year, shares of many small, domestically-focused companies are outshining the large-cap stocks that dominate U.S. stock markets. In October, the S&P 600 small-cap index is up 2.5%, beating the larger S&P 500’s 0.1% decline. For the … Read more
Watch out Elon, Warren is winning on you. With the sharp drop in shares of Tesla (Ticker TSLA) this year, the market capitalization of Berkshire Hathaway (ticker BRK/A, BRK/B) is approaching leadership in electric vehicles.