Berkshire Hathaway Beats Estimates for Second-Quarter Profits

Text size Berkshire Hathaway CEO Warren Buffett added slightly to stakes in Apple and Chevron. Andrew Harrer/Bloomberg Berkshire Hathaway ’s operating profits rose 39% in the second quarter, topping estimates, on strength in the company’s insurance and railroad businesses as well as sharply higher investment income. The company continued to moderate its pace of share … Read more

Apple Earnings Day Is Here. The Dollar and Inflation Could Bite.

Text size Apple is more exposed to the consumer economy than other tech hardware companies. Photo by DANIEL SLIM/AFP via Getty Images Apple will report June quarter earnings late Thursday, and CEO Tim Cook will face questions about everything from currency headwinds to slowing Mac sales. The company faces considerable crosswinds. For starters, with a … Read more

The Stock Market May Have Hit Bottom. Here’s Why.

Commodity prices have tumbled in the past month, with oil and copper down 17% and 33%, respectively. Michael M. Santiago/Getty Images Text size It never feels good when the stock market turns big gains into losses, as it did on Monday, and it feels even worse when the losses are triggered by bad news from … Read more

What to Buy Right Now: 42 Picks From Barron’s Roundtable Pros

To everything there is a season: A time to hide in a bunker with a crash helmet on as stock and bond prices plummet, and a time to wade cautiously into the market in search of newly created bargains. If you’ve been reading the Barron’s Roundtable for a few years, or even decades, you already … Read more

Apple’s Tim Cook: Barron’s Top CEOs 2022

Tim Cook, CEO of Apple Daniel Acker/Bloomberg Text size Apple shares haven’t escaped the 2022 bear market: The stock is down about 20% year to date. Nonetheless, Apple remains the largest U.S. company by market cap, at $2.3 trillion, with most of that generated during CEO Tim Cook’s 11 years at the helm. And Cook … Read more

Dow Futures Sink on Recession Fears, Ahead of Powell Testimony

Text size People walk along Wall Street, near the New York Stock Exchange in New York. (Photo by ED JONES/AFP via Getty Images) Stock futures fell Wednesday, eating into a good chunk of the previous session’s gains, as investors went back to worrying that the Federal Reserve’s aggressive plans to tighten monetary policy could lead … Read more

Dow Futures Surge as Wall Street Rebounds From Last Week’s Steep Selloff

Text size Traders work on the floor of the New York Stock Exchange. Spencer Platt/Getty Images Stock futures traded sharply higher Tuesday as investors returned from a three-day weekend feeling a bit more optimistic after last week’s steep selloff. Contracts linked to the Dow Jones Industrial Average rose 450 points, or 1.5%, to 30,319, S&P … Read more

Exxon May Be Making ‘More Than God.’ But Apple and Alphabet Are More Profitable.

Text size President Biden, who is hurting politically due to high inflation, took a swipe at industry leader Exxon Mobil on Friday. Brandon Bell/Getty Images Exxon Mobil may be making “more than God this year,” as President Joe Biden said Friday in Los Angeles, but it’s far from the most profitable company in the country. … Read more

Apple plans to fund Pay Later ‘loans’ to users off its own balance sheet

Apple Inc plans to fund loans for its forthcoming Apple Pay Later service off its corporate balance sheet, the company said on Wednesday. Apple said its treasury department will decide the exact mechanism it will use to fund the loans and funding sources may shift over time. Loans and creditworthiness decisions will be handled by … Read more

iOS 16, iPadOS 16, macOS Ventura, watchOS 9 announced: Check if your Apple device will get new update

Apple, at WWDC 2022, has announced the next major versions of iOS, iPadOS, macOS, and watchOS. These are iOS 16, iPadOS 16, macOS Ventura, and watchOS 9. The developer preview is now available to Apple Developer Program members at developer.apple.com. A public beta will be out next month at beta.apple.com. Apple will roll out the … Read more