• Stock Market News: Why Warren Buffett's Favorite War-on-Cash Stock Soared Wednesday
    Motley Fool

    Stock Market News: Why Warren Buffett's Favorite War-on-Cash Stock Soared Wednesday

    Warren Buffett remains one of the most closely followed investors in the world, even though his Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) hasn't fared as well as the broader market over the past year. Today, Berkshire's picking up ground, but the insurance giant's 2% gain pales in comparison to how one of Buffett's choices for the Berkshire portfolio is doing. StoneCo (NASDAQ: STNE) is lighting up the market with its gains, and the Brazilian company's performance offers some new perspective on the state of the global economy.

  • The Best Way for Investors to Play the Airline Industry?
    Motley Fool

    The Best Way for Investors to Play the Airline Industry?

    Warren Buffett's position on airline stocks has attracted a lot of investor attention, and rightly so. His Berkshire Hathaway went from being a buyer of airline stocks earlier in the year to famously dumping its stakes in Delta Air Lines (NYSE: DAL), Southwest Airlines (NYSE: LUV), American Airlines Group (NASDAQ: AAL), and United Airlines (NASDAQ: UAL), with Buffett declaring that he'd made a mistake.

  • Business Wire

    EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Wells Fargo & Company

    Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Wells Fargo & Company (NYSE: WFC) resulting from allegations that Wells Fargo may have issued materially misleading business information to the investing public.

  • Amazon (AMZN) Eyes Zoox to Bolster Self-Driving Initiatives
    Zacks

    Amazon (AMZN) Eyes Zoox to Bolster Self-Driving Initiatives

    Amazon (AMZN) in talks to acquire Zoox in order to strengthen presence in the autonomous driving space.

  • Zions Bancorporation to Build Technology Campus in Midvale, Utah With a Focus on Sustainability and Cost Efficiency
    Business Wire

    Zions Bancorporation to Build Technology Campus in Midvale, Utah With a Focus on Sustainability and Cost Efficiency

    Zions Bancorporation announced that it will build a 400,000-square-foot technology campus in Midvale, Utah.

  • 3 Stocks Warren Buffett Would Love
    Motley Fool

    3 Stocks Warren Buffett Would Love

    Warren Buffett isn't going to invest in every good value stock that's available on the markets -- there are just too many of them out there. With a good mix of value, stability, and moat, the three stocks listed below could appeal to investors who want to invest like the Oracle of Omaha. Walgreens Boots Alliance (NASDAQ: WBA) is a household name and the pharmacy retailer provides many day-to-day essentials for customers.

  • World Steel Production Nosedives Amid Coronavirus Disruptions
    Zacks

    World Steel Production Nosedives Amid Coronavirus Disruptions

    Lockdowns across the world to put a check on the spread of the coronavirus hurt global steel production in April.

  • 3 Reasons to Buy Stocks Right Now
    Motley Fool

    3 Reasons to Buy Stocks Right Now

    Are you debating whether this is a good time to buy stocks? Here's why sitting on the sidelines doesn't make sense.

  • Got $3,000? These 5 Beaten-Down Stocks Are Begging to Be Bought
    Motley Fool

    Got $3,000? These 5 Beaten-Down Stocks Are Begging to Be Bought

    No matter how dire things may have appeared in previous bear markets, bull-market rallies eventually erase all evidence of downward moves in the stock market. Also keep in mind that you don't have to be rich to generate a handsome return from the stock market. With the exception of the oil and gas industry, there's probably not a harder-hit industry lately than bank stocks.

  • U.S. Homebuilders Defy Expectations With Gain in New-Home Sales
    Bloomberg

    U.S. Homebuilders Defy Expectations With Gain in New-Home Sales

    (Bloomberg) -- Last decade, housing crashed the U.S. economy. But in the 2020 pandemic, it could be one of the bright spots.New home sales unexpectedly climbed 0.6% in April to a 623,000 annualized pace, government data showed Tuesday. That was 30% higher than the median forecast in a Bloomberg Survey of economists of 480,000. The news sent the shares of homebuilders surging, with an index that tracks the industry hitting the highest level since March 9.That’s not to say that housing is booming, it’s just performing better than some very low expectations. Mortgage rates near historic lows may be putting a floor under the housing market and construction -- in most of the country -- has been deemed essential so builders have been able to power through.Job losses, meanwhile, are primarily hitting renters who are more likely to be working in lower-paying service and hospitality jobs that were damaged most by social-distancing rules.“If the reopenings continue, housing may provide an upside surprise to the economy this year,” Mark Vitner, senior economist at Wells Fargo.Homebuilder ETF Soars to Pre-Crisis Level on Sales SurpriseUnlike the existing home market, which has seen a big drop in inventory as sellers pull back, builders are accommodating buyers, Vitner said. They’re showing floor plans virtually and even offering drive-thru closings.The stocks of homebuilders have rebounded in recent weeks, beating the gain in the S&P 500 since the start of May.The builders have a long way to go before they’re back at pre-pandemic levels. While sales were up slightly on a seasonally-adjusted basis, they were down 6.2% from a year earlier. And the median sale price fell 8.6% from a year earlier to $309,900.Still, three of four U.S. regions showed stronger home sales in April than a month earlier, reflecting 2.4% gains in the South and Midwest, the Commerce Department’s report showed. Purchases climbed 8.7% in the Northeast and dropped 6.3% in the West.The government’s data measure signed contracts to buy homes. The slight gain in April came after sales dropped the most since 2013 in March, when much of the U.S. economy shut down to stem the spread of coronavirus.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Green Energy Fed 73% of Electricity in U.K. This Weekend
    Bloomberg

    Green Energy Fed 73% of Electricity in U.K. This Weekend

    (Bloomberg) -- The U.K. met almost three-quarters of electricity demand with renewable sources on Saturday afternoon as sunny and breezy weather coincided with low consumption.Renewable energy from wind, solar and hydro peaked at 73% of the U.K.’s generation mix, according to Enappsys Ltd. Levels of green power were so high that National Grid Plc had to turn off thousands of megawatts during the weekend to balance the grid.The grid operator issued three system warnings that it needed to switch off some small wind and solar installations to stabilize the grid. A public holiday this weekend saw demand for power drop, falling to 12,344 megawatts at 5:30 a.m. on Sunday, a modern-day record low for the U.K. system, National Grid data show.A low carbon power system is what Europe is striving for but it doesn’t have all the pieces in place to make it work just yet. Lower demand caused by the pandemic has left grids overloaded with green generation, raising the threat of blackouts.It’s a pattern that’s also playing out in the U.S. where lower demand has meant that a bigger proportion of electricity needs can be met using renewables. Wind and solar farms have an upper hand in many regions because they don’t need to buy fuel.National Grid has been warning about the difficulties of managing the network when demand is about 20% lower than usual due to coronavirus-related restrictions. Last weekend was the first time the network operator has used its so-called optional downward flexibility management service.It has rolled out new tools for the summer to help reduce supply or increase demand. The extra measures will cost 493 million pounds ($553 million) more than last summer.Read here about the impact lower demand is having globallyThe U.K. hasn’t used coal since April 9, a record-long streak. On Saturday, the combination of wind and solar meant the carbon-dioxide intensity of the power system fell to an all-time low of 33 grams a kilowatt-hour, according to data from Drax Electric Insights.The influx of green power means that wholesale costs are falling. Power for Saturday fell to a record minus 10.13 pounds a megawatt-hour. That’s the first time the day-ahead auction has been negative. Several hours change were traded at negative prices during the weekend.Most solar generation in Britain and small smaller wind farms are connected to local networks not owned or controlled by National Grid. The system operator has had to put new agreements in place to be able to turn down these generators. Ofgem granted an emergency measure to disconnect these smaller installations if needed on May 7.National Grid needs some generation like nuclear or gas running to keep turbines spinning and power flowing through the grid at the right frequency. Solar and wind can’t provide the same service and so need to be switched off if there’s not enough demand.(Updates with context in fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Four Wealth Managers Join First Republic in New York
    Business Wire

    Four Wealth Managers Join First Republic in New York

    First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, today announced that Steve Condos, Kenneth Morris, Fortune S. Macri III, and Jared Katzman have joined First Republic Investment Management.

  • Teva Announces Virtual 2020 Annual Meeting of Shareholders
    Business Wire

    Teva Announces Virtual 2020 Annual Meeting of Shareholders

    Teva Pharmaceutical Industries Ltd. (NYSE: TEVA, TASE: TEVA) ("Teva"), announced today that, in the interest of the health and safety of its shareholders, directors, officers and employees in light of the current COVID-19 pandemic, the format of its 2020 Annual Meeting of Shareholders has been changed to a virtual meeting. Teva’s 2020 Annual Meeting will be held on Tuesday, June 9, 2020 at 4:30 p.m., Israel time (9:30 a.m., New York time), as previously announced.

  • 68% of Buffett's Portfolio Is in These 4 Stocks
    Motley Fool

    68% of Buffett's Portfolio Is in These 4 Stocks

    According to Warren Buffett, diversification is only needed if you don't know what you're doing.

  • Credit card fraud attempts rise amid coronavirus pandemic
    Yahoo Finance Video

    Credit card fraud attempts rise amid coronavirus pandemic

    Yahoo Finance's Alexis Christoforous, Brian Sozzi, and Ethan Wolff-Mann discuss the rise in credit card fraud attempts as consumers are forced to use the online interface amid the coronavirus pandemic.

  • Motley Fool

    Why You Must Not Dismiss Phillips 66

    To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. It's Thursday, May 21st, and I'm your host Nick Sciple, joining me once again is Motley Fool contributor, Jason Hall. Jason Hall: Running it live right now, buddy; I'm looking at Bloomberg Energy right now.

  • Investopedia

    Bank Stocks Surge Amid Improving Consumer Confidence

    Banking stocks turned from laggards to leaders on Tuesday. Explore these trading ideas in three sector heavyweights.

  • Investing in Your 20s: 3 Stocks to Watch
    Motley Fool

    Investing in Your 20s: 3 Stocks to Watch

    If you're in your 20s and perhaps just starting out as an investor, you may look at the recent market downturn and economic uncertainty and say, "No thanks, I'll wait." One, you have a long time horizon, so you can wait out any short-term volatility and benefit from the long-term returns that good stocks deliver. The last time Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) stock had a year this bad, it was 2008, and we all know what happened then -- the market tanked during the Great Recession.

  • Airline stocks soared as much as 16% Tuesday — here are Wall Street’s favorites
    MarketWatch

    Airline stocks soared as much as 16% Tuesday — here are Wall Street’s favorites

    DEEP DIVE (Updates story with closing prices for airline stocks.) Investors are pouring money into airline stocks as the government eases restrictions on social activity and travel. Below is a list of U.

  • GlobeNewswire

    ArcelorMittal publishes 2019 integrated annual review

    27 May 2020 – ArcelorMittal (‘the Company’), the world’s leading steel and mining company, has today published its 2019 integrated annual review, ‘Inventing smarter steels for a better world’. The review, which can be accessed at https://corporate.arcelormittal.com/corporate-library/reporting-hub/integrated-annual-review-2019, underpins the Company’s commitment to transparent reporting. It has been produced in-line with the International Integrated Reporting Council’s framework and demonstrates the Company’s approach to ensuring it brings long-term, sustainable value to its broad stakeholder base.

  • New Sales Inventory Drops to Historic Low in NYC
    PR Newswire

    New Sales Inventory Drops to Historic Low in NYC

    April is typically the most popular month for sellers to list their homes on the New York City market, with 5,095 added in the month last year. This year, however, with NYC an epicenter of the global coronavirus pandemic, only 717 new homes came on the market — an 85% decline from 2019, according to the StreetEasy Market Reports[i].

  • Zillow Resumes Home Buying in Five Additional Markets
    PR Newswire

    Zillow Resumes Home Buying in Five Additional Markets

    Zillow Group, Inc. (NASDAQ:Z) (NASDAQ:ZG), which is transforming the way people buy, sell and finance homes, has resumed buying homes in five additional Zillow Offers markets, bringing the total to nine.

  • StoneCo Surges 27% As Company Reports Growth In Payment Volume In Q1
    Benzinga

    StoneCo Surges 27% As Company Reports Growth In Payment Volume In Q1

    The shares of StoneCo Ltd. (NASDAQ: STNE) surged in the after-hours session on Tuesday, as the Brazilian financial technology company reported earnings for its first quarter ending March.Q1 Earnings StoneCo posted a total revenue of $134 million, up 33% from the $100.2 million reported in the same quarter a year ago.The earnings per share for the quarter stood at 11 cents, slightly lower than the 12 cents EPS posted a year ago.StoneCo said total payment volume increased 42.1% year-on-year to $7 billion, giving investors a cause for optimism.View more earnings on STNEIt further noted that the TPV had increased 52% YoY by mid-March, before being impacted by the novel coronavirus (COVID-19) pandemic.The lockdowns imposed to curb the spread of the virus forced many of its clients to suspend operations, either partially or completely, according to StoneCo.Warren Buffet's Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) holds a stake in the fintech company.Price Action StoneCo shares traded 27.3% higher in the after-hours session at $34, after closing the regular session 9.2% higher at $26.70.See more from Benzinga * 'FAANG Stocks Are Strong Once Again,' Facebook, Amazon, Netflix Hit Record Highs Last Week * Goldman Sachs Plans To Expand Cash Management To Europe Despite Coronavirus Impact * Novavax Begins Phase 1 Clinical Trial Of Its Coronavirus Vaccine(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Thomson Reuters StreetEvents

    Edited Transcript of CLR earnings conference call or presentation 11-May-20 4:00pm GMT

    Q1 2020 Continental Resources Inc Earnings Call