Here’s what it’s like to attend Warren Buffett’s shopping carnival for shareholders

Berkshire Hathaway shareholder meeting’s pregame is nothing short of an extravaganza. Thousands of Berkshire shareholders flocked to Omaha, Nebraska, this weekend for the annual meeting Saturday. Before hearing from Warren Buffett and Charlie Munger, investors gathered in a sprawling convention center to explore exhibits featuring the conglomerate’s holdings — from toy trains mimicking BNSF Railway rolling stock, […]

Amazon shares fall on bleak forecast and slowest growth since dot-com bust

Amazon shares dropped as much as 10% in extended trading on Thursday after the company issued a revenue forecast that trailed analysts’ estimates. Here’s how the company did: Earnings: $7.38 per share, adjusted, vs. $8.36 expected, according to Refinitiv Revenue: $116.44 billion vs. $116.3 billion expected, according to Refinitiv Here’s how other key Amazon segments did during the quarter: Amazon Web […]

Why Tesla Stock Is Sinking Today

After recent sell-offs, the EV stock is now down roughly 21% year to date. What happened Shares of Tesla (TSLA -0.45%) are losing ground in Thursday’s trading session. The electric vehicle leader’s stock was down roughly 6% at 10:15 a.m. today. Meanwhile, the Nasdaq Composite index was up roughly 0.3%. The sell-offs appear to be connected to CEO Elon Musk’s recently accepted […]

Facebook shares spike on better-than-expected quarterly earnings

Shares of Facebook parent Meta jumped 18% in extended trading on Wednesday after the company reported earnings that topped estimates even as revenue was disappointing. Here are the results. Earnings per share: $2.72 vs $2.56 expected, according to a Refinitiv survey of analysts Revenue: $27.91 billion vs $28.2 billion expected, according to Refinitiv Daily Active Users (DAUs): 1.96 billion vs 1.95 billion […]

Archegos owner Bill Hwang and former CFO Halligan plead not guilty to U.S. fraud charges

Archegos Capital Management’s owner, Bill Hwang, and its former chief financial officer, Patrick Halligan, pleaded not guilty Wednesday to criminal charges filed against them in connection with the implosion of the family office last year. The men were arrested Wednesday morning and appeared in Manhattan federal court that afternoon. They have been charged with racketeering […]