Berkshire Hathaway discloses stakes in TSMC, Jefferies, Louisiana-Pacific, sending those stocks higher

Berkshire Hathaway discloses stakes in TSMC, Jefferies, Louisiana-Pacific, sending those stocks higher

Berkshire Hathaway Inc. added positions in materials manufacturer Louisiana-Pacific Corp., investment bank Jefferies Financial Group and chip manufacturer Taiwan Semiconductor Manufacturing Co. Ltd. during the third quarter, according to a filing released after Monday’s closing bell. The company’s latest 13-F filing revealed a new position in Louisiana-Pacific LPX, -1.80% amounting to nearly 5.8 million shares, … Read more

Nike stock drops 10% as execs predict cheaper clothing for at least the rest of the year

Nike stock drops 10% as execs predict cheaper clothing for at least the rest of the year

Shares of Nike Inc. plunged as much as 10% after hours Thursday, after the athletic-gear giant’s executives said price-cutting efforts to flush off-season clothing from warehouses in North America would dent gross margins for the rest of its fiscal year and warned of a big potential hit from the stronger dollar. Management also said they … Read more

Stocks may be headed for another selloff according to RBC’s ‘hedge fund hot dogs’ basket

Stocks may be headed for another selloff according to RBC’s ‘hedge fund hot dogs’ basket

A group of the most popular stocks owned by the world’s largest hedge funds are starting to underperform the broader market once again. According to a team of analysts at RBC Capital Markets, this is a sign that US stocks could be headed for another blowup. For several years now, a team of equity analysts … Read more

Astronomers Watched a Black Hole Shred a Star – But Surprisingly Little Was Devoured

Astronomers Watched a Black Hole Shred a Star – But Surprisingly Little Was Devoured

What happens when a star wanders too close to a supermassive black hole? The obvious story is that it gets sucked in, never to be seen again. Some of its material gets superheated on the way in and that gives off huge amounts of radiation – usually X-rays. That’s not a wrong explanation, just incomplete. … Read more

Reddit Traders Haven’t Given Up on GameStop. Neither Have Short Sellers.

Reddit Traders Haven’t Given Up on GameStop.  Neither Have Short Sellers.

Text size GameStop announced a stock split, a CFO departure, and layoffs this week. Spencer Platt/Getty Images GameStop was back in the news this week after the company announced a stock split, a CFO departure, and corporate layoffs. Its stock has been volatile, but Reddit traders haven’t given up—and neither have short sellers betting against … Read more

Reddit Traders Haven’t Given Up on GameStop. Neither Have Short Sellers.

Reddit Traders Haven’t Given Up on GameStop.  Neither Have Short Sellers.

Text size GameStop announced a stock split, a CFO departure, and layoffs this week. Spencer Platt/Getty Images GameStop was back in the news this week after the company announced a stock split, a CFO departure, and corporate layoffs. Its stock has been volatile, but Reddit traders haven’t given up—and neither have short sellers betting against … Read more

US Stocks Slide After Amazon Posts Quarterly Loss

US Stocks Slide After Amazon Posts Quarterly Loss

A tumble in shares of Amazon.com and other technology stocks helped push the S&P 500 lower Friday and toward its worst month since March 2020. The S&P 500 fell 1% shortly after the opening bell. The Dow Jones Industrial Average declined 142 points, or 0.4% and the technology-focused Nasdaq Composite dropped around 1%. The moves … Read more

Apple Says Covid-19 Lockdowns in China Loom Over Sales

Apple Says Covid-19 Lockdowns in China Loom Over Sales

Apple Inc. AAPL 4.52% cautioned Thursday that the resurgence of Covid-19 in China threatens to hinder sales by as much as $8 billion in the current quarter—a setback after seeing supply-chain improvements during the first three months of the year. The guidance from the iPhone maker came Thursday shortly after the company posted one of … Read more

Cathie Wood’s flagship ARK fund tumbles more than 60% from its 2021 peak

Cathie Wood’s flagship ARK fund tumbles more than 60% from its 2021 peak

After riding high early in the pandemic, Cathie Wood’s flagship ARK Innovation exchange-traded fund ARKK, +4.05% has tumbled more than 60% from its February 2021 peak, according to Bespoke Investment Group. Worse yet, shares of companies held by the fund were down 70% on average from their 5-year highs (see chart below). Only one stock … Read more

Same stocks are back, and you should run, not walk, the other way

Same stocks are back, and you should run, not walk, the other way

It can be challenging to resist the call of meme stocks, given their ability to skyrocket. For example, GameStop GME, +0.05%, perhaps the best-known meme stock, jumped to $190 from $78 over just a two-week period in March, for example — a 143% gain. A basket of 16 meme stocks that investment researcher Morningstar created … Read more