Stocks Close Lower as More Central Banks Raise Rates

US stocks dropped following the latest interest-rate increases from the Federal Reserve and other central banks, which have added to fears that the battle to control rising prices could bring a recession. The S&P 500 lost 31.94, or 0.8%, closing at 3757.99. The tech-heavy Nasdaq Composite declined 153.39, or 1.4%, to 11066.81. The Dow Jones … Read more

Humana, Other Potential Buyers Circle Cano Health

Humana Inc. HUM 0.67% and other possible buyers are circling Cano Health Inc., CANO 32.17% according to people familiar with the situation, as healthcare heavyweights scramble to snap up primary-care providers. The talks are serious and a deal to purchase Cano could be struck in the next several weeks, assuming the negotiations don’t fall apart, … Read more

Freyr Battery Gains as Analyst Calls It a Top Pick. The Stock Could Quadruple.

Text size Freyr can be a serious battery player in years to come, says Morgan Stanley’s Adam Jonas. FREYER Stock in Norwegian battery start-up Freyr Battery is getting a boost from a new bullish call from a Wall Street automotive analyst. Wednesday, Morgan Stanley analyst Adam Jonas raised his stock-price target for Freyr (ticker: FREY) … Read more

Micron stock downgraded amid ‘steepening price declines’

Mizuho analyst Vijay Rakesh is concerned about memory demand and its impact on pricing, trends that he thinks could weigh on shares of Micron Technology Inc. and Western Digital Corp. He downgraded both stocks to neutral from buy late Tuesday, writing of “steepening price declines” heading into the December quarter and the start of the … Read more

Loans Are Cheaper Than Bonds for Some Highly Rated Companies

Some highly rated companies are turning to term loans instead of bonds for their financing needs, taking advantage of cheaper pricing as banks have been slower to adjust to rising interest rates than the credit markets. With the Federal Reserve expected to approve another big interest-rate increase this week, finance chiefs are doing the math … Read more

Tellurian Stock Sinks on Withdrawal of Bond Sale for LNG Project

Text size Tellurian said it withdrew the bond deal “due to uncertain conditions in the high-yield market.” Spencer Platt/Getty Images Tellurian shares were tumbling Tuesday after the natural-gas producer announced that it would be withdrawing its public offering of senior secured notes. Tellurian (ticker: TELL) announced in late August it intended to offer and sell … Read more

Berkshire Made Big Bets on Citi, HP, and Paramount Stock. They Look Like Losers.

Text size Warren Buffett, CEO of Berkshire Hathaway, said his company often buys equities before a market hits bottom. AFP via Getty Images When asked about Berkshire Hathaway ‘s investment success at the company’s annual meeting in April, CEO Warren Buffett said Berkshire is often early. He pointed to the company’s large equity purchases in … Read more

Berkshire Looks Like a Loser with 3 Big Buys

Text size Warren Buffett, CEO of Berkshire Hathaway, said his company often buys equities before a market hits bottom. AFP via Getty Images When asked about Berkshire Hathaway ‘s investment success at the company’s annual meeting in April, CEO Warren Buffett said Berkshire is often early. He pointed to the company’s large equity purchases in … Read more

Buy Netflix stock now for these reasons, the analyst says

Shares of Netflix Inc. rallied Monday, to buck the selloff in the broader stock market, after Oppenheimer’s new analyst covering the streaming video giant spelled out reasons why it’s time for investors to jump back in. The stock NFLX, +2.02% climbed 2.3% in premarket trading, while futures ES00, -0.69% for the S&P 500 index SPX, … Read more

Who Will Inherit the Family Business? Often, It’s Private Equity

Neal Rosenthal found a different kind of heir when he set out to craft a succession plan for his wine-importing business a few years ago. Mr. Rosenthal wasn’t ready to give up the company he started in 1977 out of a liquor store connected to his parents’ pharmacy in New York City, on Manhattan’s Upper … Read more