Yahoo Finance's Jared Blikre is joined by JC Parets, All Star Charts Founder & Chief Strategist to discuss why tech is getting whacked while Buffett's Berkshire Hathaway and Chevron are surging.
The auto insurer Geico Corp, a unit of Warren Buffett's Berkshire Hathaway Inc, must face a proposed class action claiming it overcharged policyholders as the coronavirus pandemic led to less driving and fewer accidents, a judge has ruled. In a decision on Thursday, U.S. District Judge Sharon Johnson Coleman in Chicago said Illinois drivers may try to prove Geico violated a state consumer fraud law by unfairly and deceptively marketing its "Geico Giveback" discount program. Neither Geico nor its lawyers immediately responded to requests for comment on Friday.
We recently got a look at the moves Warren Buffett and the rest of Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) investment team made in the fourth quarter of 2020. While the conglomerate reduced or sold all of several stocks, two in particular stood out as odd stocks to sell.