U.S. stocks lack direction as tech stocks weigh, data disappoints
Wall Street was unable to hold earlier gains as tech stocks once again weighed on sentiment Monday and investors saw little encouragement from the day’s macro data. At 11:36AM ET (15:36GMT), the Dow Jones advanced 24 points, or 0.11%, the S&P 500 inched up less than a point or 0.01%, while the Nasdaq Composite traded […]
Apple, Google Self-Driving Car Deals Boost Rental Car Leaders
Apple, Google Self-Driving Car Deals Boost Rental Car Leaders More Shares in Avis Budget Group (CAR) and Hertz Global Holding (HTZ) leapt in trading Monday after it was reported the two rental-car giants forged respective self-driving auto deals with Google-parent Alphabet (GOOGL) and Apple (AAPL). Avis announced a pact to manage the fleet built by Waymo, the […]
Whole Foods shares remain hot even as potential rival bidders bow out
With the share price of Whole Foods Market Inc. still hovering above the $42 price offered by Amazon.com Inc., speculation that another bidder could jump into the fray reached a fever pitch late last week, with one analyst suggesting Wal-Mart Stores Inc. was a likely suitor. By Monday morning, speculation about the Arkansas-based retail behemoth […]
Warren Buffett’s Berkshire Hathaway just made a big bet on real estate
Berkshire Hathaway CEO Warren Buffett visits the BNSF booth before the Berkshire Hathaway annual meeting in Omaha, Nebraska, U.S. May 6, 2017. REUTERS/Rick Wilking Store Capital, a real estate investment trust, said Monday that Berkshire Hathaway invested $377 million in the company. That amounted to 9.8% of outstanding shares purchased at $20.25 apiece, Store Capital […]