Company News for Apr 18, 2024

Barrons.com
‘We Lost Quite a Bit of Money.’ Berkshire Sold Entire Paramount Stake, Buffett Says.
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.
Simply Wall St.
Canadian Natural Resources (TSE:CNQ) Has Announced A Dividend Of CA$1.05
The board of Canadian Natural Resources Limited ( TSE:CNQ ) has announced that it will pay a dividend on the 5th of...
The Canadian Press
Berkshire's profit plunges 64% on portfolio holdings as Buffett sells Apple
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
Simply Wall St.
Enbridge Inc. (TSE:ENB) Has A ROE Of 9.4%
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
The Motley Fool
5 TSX Stocks With High Dividend Growth to Buy Now
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.
GOBankingRates
I Manage Money For Millionaires: 3 Things Wealthy Americans Never Spend Their Money On — and Two Things They Shouldn’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,...
Fortune
$3 trillion could be injected into the U.S. economy without any federal spending by tweaking this corner of the mortgage market, ‘Oracle of Wall Street’ says
"Rarely have I seen such a true win-win scenario for the government, Wall Street and the U.S. consumer."
GOBankingRates
Mark Cuban’s 5 Best Passive Income Ideas
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...
Moneywise
For 'the price of a new truck' you can buy a dream retirement home abroad — but consider these 3 things first
Some might be "fixer-uppers" but they're still cheaper than U.S. locations.
Bloomberg
Oil Advances After Weekly Slump as Saudi Arabia Jacks Up Prices
(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 Shift to Qatar as Hamas Hits Israel Border CrossingFrance’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
GOBankingRates
Apple Stock Secrets: How To Make $500 a Month With Dividends
Despite recent fluctuations in its stock price, Apple has been and remains to be a beacon of stability and growth for many investors.
Simply Wall St.
Here's Why We Think Microsoft (NASDAQ:MSFT) Might Deserve Your Attention Today
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
CBC
Provincial governments facing higher debts and more financial pressure
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
Deadline
Warren Buffett Says He Has Sold All Of His Paramount Global Stock, Losing “Quite A Bit Of Money”
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 Canadian Press
Five things to watch for in the Canadian business world in the coming week
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
Reuters
Berkshire pares huge Apple stake as cash, operating profit set records
Berkshire Hathaway significantly reduced its enormous stake in Apple in the first quarter, as Warren Buffett's conglomerate let its cash hoard swell to a record $189 billion. Buffett's company also posted a record operating profit exceeding $11 billion, as its insurance operations benefited from improved underwriting and higher income from investments as interest rates rose. The value of Berkshire's stake in Apple fell 22% to $135.4 billion as of March 31 from $174.3 billion at the end of 2023, even though the iPhone maker's share price fell just 11% in the quarter.
The Motley Fool
The Smartest Dividend Stocks to Buy With $500 Right Now
Got $500 to invest in Canadian dividend stocks? Here are three quality stocks for growing streams of safe dividend income. The post The Smartest Dividend Stocks to Buy With $500 Right Now appeared first on The Motley Fool Canada.
Associated Press
Berkshire's profit plunges 64% on portfolio holdings as Buffett it sells Apple
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 figures were heavily influenced by a large drop in the paper value of Berkshire’s investments. Buffett encourages investors to pay more attention to the conglomerate’s operating earnings that exclude the investment figures.
GOBankingRates
Robert Kiyosaki: ‘Buy Gold, Silver, Bitcoin While You Still Can’
Historically, investing in the stock market has yielded reliable returns. Particularly, investing in the S&P 500 has proven to be a reliable and rather safe investment that can yield significant...
Business Insider
Wall Street big shots may be forced to cancel their summer vacations
Forget the Hamptons and put down the rosé: stubborn inflation and stock market volatility are making this Wall Street's summer of worry.

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Company News for Apr 18, 2024

Latest Stories

‘We Lost Quite a Bit of Money.’ Berkshire Sold Entire Paramount Stake, Buffett Says.

Canadian Natural Resources (TSE:CNQ) Has Announced A Dividend Of CA$1.05

Berkshire's profit plunges 64% on portfolio holdings as Buffett sells Apple

Enbridge Inc. (TSE:ENB) Has A ROE Of 9.4%

5 TSX Stocks With High Dividend Growth to Buy Now

I Manage Money For Millionaires: 3 Things Wealthy Americans Never Spend Their Money On — and Two Things They Shouldn’t

$3 trillion could be injected into the U.S. economy without any federal spending by tweaking this corner of the mortgage market, ‘Oracle of Wall Street’ says

Mark Cuban’s 5 Best Passive Income Ideas

For 'the price of a new truck' you can buy a dream retirement home abroad — but consider these 3 things first

Oil Advances After Weekly Slump as Saudi Arabia Jacks Up Prices

Apple Stock Secrets: How To Make $500 a Month With Dividends

Here's Why We Think Microsoft (NASDAQ:MSFT) Might Deserve Your Attention Today

Provincial governments facing higher debts and more financial pressure

Warren Buffett Says He Has Sold All Of His Paramount Global Stock, Losing “Quite A Bit Of Money”

Five things to watch for in the Canadian business world in the coming week

Berkshire pares huge Apple stake as cash, operating profit set records

The Smartest Dividend Stocks to Buy With $500 Right Now

Berkshire's profit plunges 64% on portfolio holdings as Buffett it sells Apple

Robert Kiyosaki: ‘Buy Gold, Silver, Bitcoin While You Still Can’

Wall Street big shots may be forced to cancel their summer vacations