Tesla’s quarterly results, combined with recent impressive stock market gains for traditional car companies, were supposed to signal a repudiation of electric vehicles by investors as a whole. Things turned out a little differently, with the results repudiating something else: lousy strategic planning by Tesla and others. Tesla is no longer in growth mode.
Berkshire Hathaway has sold its entire stake in Paramount Global losing “quite a bit of money,” Berkshire CEO Warren Buffett said at the company’s annual meeting on Saturday. Buffett also shot down speculation that Ted Weschler or Todd Combs, who together run about 10% of Berkshire Hathaway’s equity portfolio, had purchased the Paramount stake, taking responsibility for the investment himself. “It was 100% my decision and we’ve sold it all and we lost quite a bit of money,” said Buffett.
The board of Canadian Natural Resources Limited ( TSE:CNQ ) has announced that it will pay a dividend on the 5th of...
OMAHA, Neb. (AP) — Berkshire Hathaway's first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well. The company reported reported a $12.7 billion profit, or $8.825 per Class A share, in the quarter. That’s roughly one-third of last year's $35.5 billion, or $24,377 per A share. The figures were heavily influenced by a large drop in the paper value of Berkshire’s investments. Buffett encou
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
These TSX stocks sport a high dividend growth rate and are known for consistently rewarding their shareholders with increased cash. The post 5 TSX Stocks With High Dividend Growth to Buy Now appeared first on The Motley Fool Canada.
Tesla's Cybertruck doesn't appear as "apocalypse-proof" as suggested, with the $60,000+ vehicle getting stuck in rough terrain and facing recalls.
When you set out to buy a car, it's just common sense to look for one that will keep its value over time. Finding a reliable and affordable car should be a top priority -- you want a car that won't...
James Baldwin famously said, "Anyone who has ever struggled with poverty knows how extremely expensive it is to be poor." In January 2014, long after the Great Recession but before the pandemic,...
"Rarely have I seen such a true win-win scenario for the government, Wall Street and the U.S. consumer."
Mark Cuban is well-known for his outspoken views and advice on topics that range from politics to investing. The self-made billionaire doesn't hold back when it comes to sharing his two cents on how...
Some might be "fixer-uppers" but they're still cheaper than U.S. locations.
As the electric carmaker sees sales fall and cuts jobs, we take a closer look at its problems.
Elon Musk said during Tesla's Q1 earnings call that the company will double the number of Nvidia AI chips it uses by year-end.
(Bloomberg) -- Oil advanced after a weekly drop as Saudi Arabia hiked selling prices for grades to Asia for the third month in a row, signaling confidence in the outlook with the OPEC+ cartel cutting supply.Most Read from BloombergTruce Talks Drag as Hamas Hits Israel Crossing in Deadly AttackFrance’s Macron Calls for Reset of Economic Ties With ChinaBuffett Praises Apple After Trimming It, Drops Paramount StakeTreasury Rally Risks Running Into a $125 Billion Brick WallXi Begins Europe Tour in P
After riding a red-hot economy to shrink deficits and grow surpluses, provincial governments across the country are beginning to see their finances flounder. Each province has released their budget for the upcoming year and collectively are facing higher spending and record-size debt. Alberta and New Brunswick are the only provinces to publish balanced budget projections compared to eight of the 10 provinces reporting a surplus two years ago, when a strong national economy and high commodity pri
Warren Buffett says he has sold all of his shares in Paramount Global at a significant loss. Speaking at the annual meeting of Berkshire Hathaway, his company, today in Omaha, NE, the billionaire investor took full ownership of the bad call. Despite speculation to the contrary, he said, “It was 100% my decision” to invest …
The whole point of buying a new car is to save money by letting the original owner eat the depreciation. However, market forces in the post-COVID-19 auto industry have forced the price of some used...
TORONTO — Five things to watch for in the Canadian business world in the coming week: Suncor earnings Suncor Energy Inc. will report its first-quarter results on Tuesday evening and hold a conference call with investors and financial analysts on Wednesday morning. The company will also hold its annual meeting on Tuesday. Shopify earnings Shopify Inc. will report its first-quarter results before markets open Wednesday and hold a conference call with analysts and investors. Shopify chief executive
NORWALK, Conn. (AP) — A bridge damaged in a fiery crash that kept Interstate 95 in Connecticut closed Thursday and Friday has been demolished. A live camera operated by the Connecticut Department of Transportation on Saturday showed excavators and bucket loaders scooping up rubble from the destroyed Fairfield Avenue overpass above I-95 in Norwalk and dumping it into large containers and dump trucks to be hauled away. Crews started tearing down the bridge on Friday morning and work, including the
Three people are dead, one person is in critical condition and another is being treated for minor injuries following a fatal crash early Sunday on Fredericton's north side. The crash happened around the 700 block of Douglas Ave at 1 a.m. Fredericton police believe the car was travelling at a high rate of speed when it hit a tree and then landed on another car, which was parked and had an unspecified number of occupants inside.Police say the driver of the car that hit the tree and two occupants d
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