Text size Warren Buffett’s Berkshire Hathaway made modest stock purchases in the second quarter. Paul Morigi/Getty Images for Fortune/Time Inc Berkshire Hathaway added to its stakes in Apple , Chevron , Occidental Petroleum , spirit Activision Blizzard in the second quarter, according to a regulatory filing late Monday. Berkshire Hathaway (ticker: BRKb ) sold out … Read more
Compass Inc. shares plummeted in after-hours trading Monday, after the real-estate brokerage and tech provider slashed its annual revenue guidance and revealed plans to cut costs due to a downturn in the housing market. Compass COMP, -0.43% executives reduced their annual sales forecast by roughly $1.5 billion, with the current forecast calling for revenue of … Read more
Unity operates a platform for developing mobile, console and computer videogames. Photos: Igor Golovniov/SOPA Images/Zuma Press Unity Software Inc.’s U -7.17% board has unanimously agreed that the $17.5 billion buyout offer from AppLovin corp. APP -7.13% isn’t in the best interests of shareholders. Unity on Monday recommended shareholders vote against the AppLovin deal and instead … Read more
Salesforce Inc.’s stock gets a lot of love on Wall Street, with 43 of the 49 covering analysts tracked by FactSet rating the shares the equivalent of buy. But Guggenheim analyst John DiFucci bucked the trend in a big way, beginning coverage of the software giant to sell. The initiation was one of four bearish … Read more
What do some software developers, pharmacists, nurses, tow truck drivers and air conditioner technicians have in common? They’re earning $100,000 or more a year. There are plenty of surveys and roundups out there listing the best jobs that pay six figures a year or more, which are usually in technology and healthcare industries. But a … Read more
What’s next for enterprise software stocks? That depends which ones you pick. Guggenheim Partners analyst John DiFucci launched coverage of the group late Thursday, with some thoughts on where to place bets in the sector. DiFucci is new to Guggenheim, but a familiar name on the Street—at various times, he’s covered the software sector for … Read more
Shares of Microsoft Corp. MSFT, +1.70% advanced 1.70% to $291.91 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +1.73% rising 1.73% to 4,280.15 and the Dow Jones Industrial Average DJIA, +1.27% rising 1.27% to 33,761.05. Microsoft Corp. closed $57.76 short of its … Read more
Car and SUV buyers are getting closer to a first-ever tax credit for used and certified pre-owned electric vehicles, which ideally helps expand EVs from a luxury splurge to mass-market uptake. But in addition to tight supplies that make both new and used conventional cars and EVs harder to come by, consumers must consider time … Read more
Shares of Microsoft Corp. MSFT, -0.74% dropped 0.74% to $287.02 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.08% rising 0.08% to 33,336.67 and the S&P 500 Index SPX, -0.07% falling 0.07% to 4,207.27. The stock’s fall snapped a two-day winning … Read more
The technology and consumer discretionary segments of the S&P 500 have propelled the broader market’s rally from its 2022 low in mid-June. That marks a reversal from much of the year when investors took shelter in utilities, consumer staples and healthcare stocks. The tech and consumer discretionary groups—home to the likes of Apple Inc., Microsoft … Read more