Walmart will report earnings on Thursday, as investors look to the nation’s largest retailer to gauge the health of American consumers and the strength of the industry. Here is what Wall Street expects for the discounter, based on a survey of analysts by LSEG: Earnings per share: 52 cents adjusted expected Revenue: $159.50 […]
Walmart will report earnings before the bell. Here what to expect Read More »
The pan-European Stoxx 600 index was down 0.05% by 9:00 a.m. London time, with sectors trading in mixed territory. Autos and oil and gas stocks both lost 1.2% while mining stocks added 0.4%. Insurance stocks gained 1.4% following strong earnings from Swiss insurers. Swiss Re shares gained 3.9% while Zurich Insurance shares added 2.3%.
Aside from ramen and sausages, South Korea’s convenience stores have a new popular item on the menu — gold bars. The country’s largest convenience store chain, CU, has been collaborating with the Korea Minting and Security Printing Corporation (KOMSCO) to offer customers mini gold bars — and they’re selling like hot cakes. A
Gold bars are selling like hot cakes in Korea convenience stores and vending machines Read More »
OMAHA, Neb. — Warren Buffett revealed that he dumped Berkshire Hathaway’s entire Paramount stake at a loss. “I was 100% responsible for the Paramount decision,” Buffett said at Berkshire’s annual shareholder meeting. “It was 100% my decision, and we’ve sold it all and we lost quite a bit of money.” Berkshire owned 63.3
Buffett says Berkshire sold its entire Paramount stake: We lost quite a bit of money Read More »
Billionaire investor Stanley Druckenmiller revealed Tuesday that he slashed his big bet in chipmaker Nvidia earlier this year, saying the swift artificial intelligence boom could be overdone in the short run. “We did cut that and a lot of other positions in late March. I just need a break. We’ve had a hell of
Shares of maintenance and repair firm HD Hyundai Marine Solution nearly doubled in their trading debut Wednesday, marking a strong start to South Korea’s largest IPO since January 2022. Shares traded as high as 166,100 South Korean won ($121.59) apiece, representing a 99.1% surge from the IPO price of 83,400 won. The stock closed at
HD Hyundai Marine Solution doubles in South Korea largest IPO since January 2022 Read More »
British neobank Monzo said Wednesday that it’s raised another $190 million, lifting the total it’s raised so far this year to $610 million. The company told CNBC it raised the cash from new investors including Hedosophia, a backer of top European fintechs including N26 and Qonto. CapitalG, Alphabet’s independent growth fund, also participated in
A Consumer Financial Protection Bureau regulation that promised to save Americans billions of dollars in late fees on credit cards faces a last-ditch effort to stave off its implementation. Led by the U.S. Chamber of Commerce, the card industry in March sued the CFPB in federal court to prevent the new rule from taking
Sweetgreen shares surged nearly 34% on Friday after the company topped Wall Street’s revenue expectations for the fiscal first quarter and raised its full-year forecast. The salad chain also announced earlier this week an expansion to add meat to its menu for the first time. The salad chain reported $158 million in revenue, beating the
Sweetgreen shares soar 34% after company beats revenue expectations Read More »
OMAHA, Neb. — A 24-inch tall, bronze bust sculpture of the late Charlie Munger became a conversation piece for guests who lodged at the Omaha Marriott last weekend for the Berkshire Hathaway annual meeting. The hotel, next to Berkshire-owned jewelry store Borsheims, was the preferred quarters for the investment icon, who passed away in
Bronze bust honoring the late Charlie Munger wowed crowd in Omaha at Berkshire meeting Read More »
