Brazil’s Election Is Almost Here. Get Ready to Buy Petrobras Stock.

Chocolate and peanut butter go together; falling oil prices and Brazilian political uncertainty most certainly do not. Yet Petrobras stock may still be worth buying. Yes, that sounds like a terrible idea, at least at first glance. Petróleo Brasileiro, or Petrobras (ticker: PBR), as it is more commonly known, is the Brazilian national oil company, … Read more

Nike, Boeing share losses lead Dow’s 340-point drop

Behind declines for shares of Nike and Boeing, the Dow Jones Industrial Average is in selloff mode Friday afternoon. The Dow DJIA, -1.67% was most recently trading 340 points, or 1.2%, lower, as shares of Nike NKE, -12.88% and Boeing BA, -3.34% are contributing to the blue-chip gauge’s intraday decline. Nike’s shares are off $11.60 … Read more

The SPAC Bubble Has Burst. 6 Stocks That Still Have Potential.

One year ago, investors couldn’t get enough of special-purpose acquisition companies. Now, they can’t dump SPACs fast enough. In 2021, some 613 SPACs came to market, two-and-a-half times as many as in 2020, and raised $163 billion, about twice that of the previous year. New technologies, new capital, and optimistic business projections had investors dreaming … Read more

Phil Collins and Genesis Bandmates Sell Music Rights for Over $300 Million

Take a look at Phil Collins now. The English rocker and his Genesis bandmates have agreed to sell a bundle of their music rights to Concord Music Group Inc., according to the company. The megadeal—valued at over $300 million, according to people familiar with the transaction—includes the publishing copyrights and a mix of recorded music … Read more

Phil Collins and Genesis Bandmates Sell Music Rights for Over $300 Million

Take a look at Phil Collins now. The English rocker and his Genesis bandmates have agreed to sell a bundle of their music rights to Concord Music Group Inc., according to the company. The megadeal—valued at over $300 million, according to people familiar with the transaction—includes the publishing copyrights and a mix of recorded music … Read more

Buffett’s Berkshire Might Have Bought More Occidental Stock After the Dip

A recent decline in Occidental Petroleum share price could have prompted Berkshire Hathaway to add to its large stake in the big energy company. Berkshire Hathaway (ticker: BRK.A, BRK.B) holds 188.4 million shares of Occidental Petroleum (OXY), a 20.2% stake. Berkshire has accumulated that interest this year, with its last purchases coming in early August.

Chinese Company Aims to Sell 3 US Resorts for $1.3 Billion

A Chinese company is looking to sell three major US resort hotels at a combined price tag of $1.3 billion, seeking to cash out these holdings during a powerful surge in leisure travel and resort business. Dajia Insurance Group Co. is putting up for sale the Montage in Laguna Beach, Calif., the Four Seasons resort … Read more

Harley spinoff LiveWire’s stock surges in NYSE debut

The new shares of LiveWire Group Inc. charged higher Tuesday as investors prepared for the debut of the electric motorcycle company on the New York Stock Exchange. The debut comes after the completion of LiveWire’s reverse merger with a special-purpose acquisition company, or SPAC, called AEA-Bridges Impact Corp. IMPX. LiveWire had been a subsidiary of … Read more

Ford Stock Is Still a Buy, Despite Supply Issues. Here’s Why.

Ford’s truck business is one heck of a business. Courtesy Ford Text size Ford Motor stock tumbled this past week after the company warned of continued parts shortages, but Wall Street doesn’t seem worried—and neither is Barron’s. In a Monday disclosure, Ford (ticker: F) said it won’t be able to finish 40,000 to 45,000 higher-margin … Read more