Crown Prince Mohammed bin Salman plans to turn the remote region into a high tech hub filled with robots Author of the article: Bloomberg News Vivian Nereim, Ben Bartenstein and Matthew Martin Saudi Crown Prince Mohammed bin Salman speaks during the Gulf Summit in Riyadh, Saudi Arabia. Photo by Bandar Saudi Press Agency/Handout via REUTERS/File… Continue reading Saudi prince’s US$500 billion ‘Neom’ megaproject woos Wall Street
Warren Buffett Guzzles Up Occidental’s Stock | Kiplinger
stocks Warren Buffett has taken a roughly 10% stake in Occidental Petroleum’s common OXY stock. That makes three different investments in the oil producer.Warren Buffett has been absolutely hoovering up stock in Occidental Petroleum (OXY, $56.15). In a flurry of recent purchases, Berkshire Hathaway (BRK.B, $325.34) bought 91 million OXY shares, or 9.8% of the… Continue reading Warren Buffett Guzzles Up Occidental’s Stock | Kiplinger
Dick’s Sporting Goods (DKS) Headlines Busy Week of Retail Earnings | Kiplinger
stocks Our preview of the upcoming week’s earnings reports include Dick’s Sporting Goods (DKS), Oracle (ORCL) and Rivian Automotive (RIVN).Dick’s Sporting Goods (DKS, $107.93) headlines a busy week of retail earnings. The company is slated on the earnings calendar to report its fourth-quarter results before Tuesday’s open. Supply-chain issues and inflation will likely be in… Continue reading Dick’s Sporting Goods (DKS) Headlines Busy Week of Retail Earnings | Kiplinger
GameStop chairman Ryan Cohen reveals a $150 million stake in Bed, Bath & Beyond — and urges its bosses to explore a sale of the company
GameStop chairman Ryan Cohen disclosed a 9.8% stake in Bed, Bath & Beyond. The activist investor urged the retailer’s bosses to refocus and explore a sale of the company. Cohen pushed for compensation changes and a spin-off or sale of the Buybuy Baby division. Loading Something is loading. GameStop chairman Ryan Cohen disclosed a 9.8%… Continue reading GameStop chairman Ryan Cohen reveals a $150 million stake in Bed, Bath & Beyond — and urges its bosses to explore a sale of the company
Global shares plunge and oil surges to almost $140 a barrel, as US and Europe consider a ban on Russian energy exports
Global shares fell Monday, with heavy losses in Europe in light of a possible Western ban on Russian oil. Crude surged to almost $140 a barrel overnight, as other key Russian exports like nickel and palladium also jumped. “It’s hard to see much in the way of significant upside for stock markets now against a… Continue reading Global shares plunge and oil surges to almost $140 a barrel, as US and Europe consider a ban on Russian energy exports
Oil surges 10% to $130 a barrel on intensifying fears of a supply crunch
Crude oil prices jumped by as much as 18% on Monday to almost $140 a barrel. Secretary of State Antony Blinken told NBC the US was discussing a ban on Russian oil with Europe. US gas prices at the pump jumped 11% on-week to around $4 a gallon — the highest level since 2008. Loading… Continue reading Oil surges 10% to $130 a barrel on intensifying fears of a supply crunch
Warren Buffett thinks this investment will be his firm’s key asset in 100 years, while Cathie Wood calls it a ‘bad idea’
Warren Buffett and Cathie Wood are polar opposites when it comes to their investment styles.A sector the two investors can’t agree on is railroads, with Ark naming the sector among its list of “bad ideas.””I’ll venture a rare prediction: BNSF [Railway] will be a key asset for Berkshire and our country a century from now,”… Continue reading Warren Buffett thinks this investment will be his firm’s key asset in 100 years, while Cathie Wood calls it a ‘bad idea’
Russia’s central bank is scrambling to prop up the country’s economy. Here’s everything it’s done to stave off sanctions and what it could do next.
Russia’s central bank has doubled interest rates, limited foreigners from moving money, and made other moves in response to Western sanctions. Russia’s economy is in turmoil and the ruble is worth less than a penny. Two experts explained what Russia’s central bank could do next. Loading Something is loading. Western sanctions are battering the Russian… Continue reading Russia’s central bank is scrambling to prop up the country’s economy. Here’s everything it’s done to stave off sanctions and what it could do next.
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