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The Dow and S&P 500 recouped early losses after Federal Reserve Chair Jerome Powell reiterated in testimony before the Senate Banking Committee that monetary policy would remain accommodative and would not change without advance warning.
Elon Musk loses world’s second-richest ranking as Tesla dipsOn Monday, Tesla Inc.’s chief executive officer lost his spot as the world’s second-richest person to LVMH Chairman Bernard Arnault as the electric vehicle-maker’s shares fell 2.2%. That was on top of last week’s slump amid a… Read MoreStocks in news: Tata Motors, Bharti Airtel, Federal Bank, Canara Bank, GNFC and NBCCAarti Industries, GSK Pharma, Canara Bank, Route Mobile, Jyothy Laboratories, Chalet Hotels, Minda Corp are among companies that will announce their March quarter results today.
from Stocks-Markets-Economic Times https://ift… Read MoreBuffett's Berkshire buys Aon, slashes Chevron and Wells FargoBuffett is "likely shoring up reserves" for a major acquisition, said Doug Kass, a principal at Seabreeze Partners Management LLC in Palm Beach, Florida. "He is clearly in no rush and is sitting on his hands, awaiting the rig… Read MoreWarren Buffett sells 31-year-old investment in Wells FargoWarren Buffett, who is Berkshire's chief executive, told CNBC in February 2020 that Wells Fargo had a "dumb" incentive system and was slow to make things right.
from Stocks-Markets-Economic Times https://ift.tt/3eV896H
… Read MoreSome big US hedge funds bought value stocks, SPACs during first quarterAt the same time, several hedge funds added to financial, energy and consumer companies. Third Point added a new position in Carvana Co and Uber Technologies Inc, while Epoch Investment Partners added new positions in energy … Read More
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