U.S. issues expanded license to allow Chevron to import Venezuelan oil

A sign is posted in front of a Chevron gas station on July 31, 2020 in Novato, California. Justin Sullivan | Getty Images Chevron on Saturday received an expanded U.S. license allowing the second-largest U.S. oil company to resume production in Venezuela and to import the South American country’s crude into the United States. The … Read more

What outperforming mutual funds are buying and selling

Mutual funds, large pools of cash run by professional investment managers, seem to be having their best year in more than a decade, an analysis by Goldman Sachs showed. “A greater share of mutual funds has outperformed their benchmarks in 2022 than in any year since 2009,” Goldman’s analysts, led by Cormac Conners, said in … Read more

Broadcom, Chevron among Wall Street’s favorite dividend stocks heading into second half

As dividend stocks gained in popularity this year, CNBC Pro sought names that could continue to offer investors relative safety and higher yields in the back half of 2022. Investors have pivoted deeper into dividend payers, as greater uncertainty and rising interest rates unnerved market participants and spurred a rotation out of growth names. On … Read more

Apple, FedEx, Coinbase, Honeywell, Micron

Here are Wall Street’s biggest calls on Friday: Berenberg downgrades FedEx to hold from buy Berenberg said FedEx is “too much” of a “show me” story. “However, with near-term earnings risks now mounting and mixed prospects for the execution of the strategic review, we think the shares may pause for breath until the macroeconomic outlook … Read more

These ‘dividend aristocrats’ offer steady returns in an uncertain market, Credit Suisse says

As Wall Street starts another month with further volatility in the markets, Credit Suisse identified some “dividend aristocrats” that could offer investors steady returns. Analysts at the investment bank maintained an overweight rating on dividend stocks, even as they moved down to neutral on value stocks, according to a Friday report from the investment bank. … Read more

Warren Buffett Spends Big as Stock Market Sells Off

The stock market’s selloff has been bad news for most investors. The Omaha-based company bought 901,768 shares of Occidental Petroleum Corp. OXY 5.68% last week, according to a regulatory filing. The move makes Occidental, in which Berkshire began buying shares in late February, one of its 10 biggest holdings. In the past few months, Berkshire … Read more

Warren Buffett Says Markets Have Become a ‘Gambling Parlor’

OMAHA, Neb.—As recently as February, Warren Buffett lamented he wasn’t finding much out there that was worth buying.  That is no longer the case. After a yearslong deal drought, Mr. Buffett’s Berkshire Hathaway Inc. BRK.B -2.55% is opening up the spending spigot again. It forged an $11.6 billion deal to buy insurer Alleghany Corp. Y … Read more

Retail investors have a new favorite sector outside of tech

Individual investors are loading up on energy stocks despite the group's outperformance this year and last.

Oil giant BP swings to huge profit as soaring commodity prices drive up earnings

The BP company logo is seen outside a petrol station on September 23, 2021 in London, England. Leon Neal | Getty Images News | Getty Images Oil and gas giant BP on Tuesday reported a massive upswing in full-year net profit, supported by soaring commodity prices. The British energy major posted underlying replacement cost profit, … Read more

Apple, Robinhood, Visa, Chevron and more

The logo of an Apple store is seen in Arlington, Virginia, January 27, 2022. Joshua Roberts | Reuters Check out the companies that are making headlines in the dinner trade. Apple – The technology giant’s shares rose more than 5% after a strong quarterly report that showed the largest single quarter in terms of revenue … Read more