Wall Street’s whales turned on Alphabet . Hedge fund managers and billionaire investors alike lightened up on shares of the Google parent â or dumped them all together â in the fourth quarter of 2023, regulatory filings revealed. While backward-looking, these disclosures nevertheless shine a light on the moves influential investors have made. The sales … Read more
Five years and 2,500 miles apart, fires devastated thriving communities — and major U.S. utility companies stood at the center of the infernos. It’s a story increasingly familiar in the energy industry: Some utility companies don’t properly assess the risks wildfires pose to their operations. A failure to mitigate these risks can have disastrous consequences … Read more
Shari Redstone, president of National Amusements, speaks at the WSJ Tech Live conference in Laguna Beach, California, on Oct. 21, 2019. Mike Blake | Reuters Paramount Global nonexecutive chair and controlling shareholder Shari Redstone has been talking to potential buyers interested in acquiring her media company — or parts of it for years — but … Read more
Jimmy Haslam, CEO of Pilot Flying J. and Warren Buffett, Chairman and CEO of Berkshire Hathaway. Lacy O’Toole | CNBC The Haslam family on Tuesday said its Pilot Corporation had closed the sale of its remaining 20% ownership interest in truck-stop giant Pilot Travel Centers to Berkshire Hathaway. The same, whose terms were not disclosed, … Read more
CNBC’s Jim Cramer on Friday compared all NFL 14 teams competing in the playoffs to some of his top stock picks. “As I was reviewing this weekend’s slate of six games and the 14 teams that made the playoffs, I realized many of them are reminiscent of my favorite companies,” he said. “Tonight, I want … Read more
Jimmy Haslam, CEO of Pilot Flying J. and Warren Buffett, Chairman and CEO of Berkshire Hathaway. Lacy O’Toole | CNBC A billion-dollar trial that was to determine if Berkshire Hathaway improperly used an accounting method that would significantly short-change the Haslam family in a purchase of the family’s remaining minority stake in Pilot Travel Centers … Read more
The Maersk Sentosa container ship sails southbound to exit the Suez Canal in Suez, Egypt, on Thursday, Dec. 21, 2023. Stringer | Bloomberg | Getty Images Attacks on ships in the Red Sea continue to push ocean freight rates higher, triggering warnings of inflation and delayed goods. To avoid strikes by Iran-backed Houthi militants based … Read more
A crane taking four 15-foot-wide by 60-foot-long modular home segments and stacking them one on top of the other to make a new duplex in Aurora, Colorado in 2018. Hyoung Chang | Denver Post | Getty Images A century ago, a first-time homebuyer might begin their search in a catalog for a kit-built home from … Read more
Occidental Petroleum on Monday agreed to buy CrownRock, a major privately held energy producer that operates in the Permian Basin, for $12 billion. The deal is latest in a spate of consolidation in the U.S .energy sector, particularly in the Permian, the largest oil-producing region in the U.S. The transaction is expected to close in … Read more
NBC NEWS — Pictured: Border Patrol Agents arrest 8 suspected illegals in Maverick County, near Eagle Pass, TX, as they try to ride a freight train into the United States from Mexico on February 27, 2007 — Photo by: Al Henkel/NBC NewsWire Nbc Newswire | Nbcuniversal | Getty Images Major railroads Union-Pacific and BNSF, a … Read more
