Warren Buffett’s Berkshire Hathaway struck a $ 10 billion deal to buy Dominion Energy’s natural gas transmission and storage business. The Berkshire energy unit will pay about $ 4 billion in cash and take on $ 5.7 billion in existing debt in exchange for more than 7,700 miles of pipes, …
Read More »Global stocks climb to four-week highs as investors bet on China’s recovery
LONDON (Reuters) – Global stock markets climbed to a four-week high on Monday as investors counted on a resurgence of Chinese activity to drive global growth, even as rising cases of coronavirus delayed the reopening of business in the United States. FILE PHOTO: The DAX chart of the German Stock …
Read More »Dow Futures, Uber, Warren Buffett: 5 things you should know
Here are five things to know for Monday, July 6: 1. – Stock futures jump after the increase in Chinese markets Stock futures rose on Monday, picking up momentum from a surge in Chinese markets amid improving bullish sentiment. Contracts linked to the Dow Jones Industrial Average increased 356 points, …
Read More »Fraud at China’s Luckin Coffee is a warning to investors
Charles Zhengyao Lu, President and Founder of Luckin Coffee, and Jenny Qian Zhiya, CEO of Luckin Coffee, ringing the opening bell during the company’s Initial Public Offering (IPO) at Nasdaq in New York on May 17, 2019. Victor J. Blue | Bloomberg | fake pictures The Luckin Coffee fraud scandal …
Read More »Stock futures are going nowhere. There is a message in the market unrest.
Text size Photograph by Michael Nagle / Bloomberg On Sunday night, the stock market is doing what it seems to do best these days: go sideways. Dow Jones Industrial Average futures are up 90 points, while S&P 500 futures are up 8 points, and Nasdaq compound futures are up 0.4%. …
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