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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
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
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
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
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
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
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
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 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
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