Warren Buffett’s Berkshire Hathaway reveals new stakes in Paramount, Citigroup

OMAHA, Neb. — Warren Buffett’s company on Monday revealed all the investment moves it made in the first quarter, when it spent more than $51 billion on stocks. But Buffett had already shared the biggest investments with Berkshire Hathaway BRK.A, -0.16% BRK.B, -0.34% shareholders at the company’s recent annual meeting. That means investors already knew that … Read more

Johnson & Johnson Suspends Vaccine Sales Guide, Boosts Dividend

Updated at 9:59 am EST Johnson & Johnson  (JNJ) – Get Johnson & Johnson Report posted stronger-than-expected first quarter earnings Tuesday but lowered its full-year profit forecast, and suspended its guidance for vaccine sales amid what it called a global surplus and waning demand.  Johnson & Johnson said adjusted earnings for the three months ending in … Read more

Stocks for the Recession That May—or May Not—Be Coming

Text size Exelon stock offers a little bit of offense to go with its defense. Dreamstime The yield curve briefly inverted this past week—and that’s a recession signal that is either like Paul Revere’s ride or the boy who cried wolf. The good news: Investors don’t need to decide which just yet. The yield curve … Read more

Terry Smith launches scathing critique of ‘dead’ Unilever-GSK deal

Terry Smith, the man behind the UK’s largest retail fund, launched a blistering attack against Unilever’s management as its bid for GlaxoSmithKline’s healthcare unit appears to have faltered. Unilever put forward an unsolicited offer of £50bn for the GSK business, but its hopes of a successful acquisition were dashed on 19 January after the consumer goods giant said it wasn’t … Read more