Highest quarterly profit since 2008 on strong oil prices

Shell posted adjusted earnings of $ 9.1 billion for the first quarter of 2022. Ben Stansall | Afp | Getty Images LONDON – Oil giant Shell on Thursday reported its highest quarterly profit since 2008 on soaring commodity prices, fueling calls for a one-off windfall tax on oil and gas companies to help UK households … Read more

Warren Buffett Says Markets Have Become a ‘Gambling Parlor’

OMAHA, Neb. — As recently as February, Warren Buffett lamented he wasn’t finding much out there that was worth buying. That is no longer the case. After a yearslong deal drought, Mr. Buffett’s Berkshire Hathaway Inc. BRK.B -2.55% is opening up the spending spigot again. It forged an $ 11.6 billion deal to buy insurer … Read more

Stocks making the biggest moves midday: Alibaba, Apple and more

Signage for Alibaba Group Holding Ltd. covers the front facade of the New York Stock Exchange November 11, 2015. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Alibaba, Baidu, JD.com – Shares of the China-based companies fell midday after JPMorgan Chase downgraded the stocks to underweight. Their stocks tumbled 9%, … Read more

Warren Buffett reveals his winning equity portfolio. Here’s what’s in it

The 91-year-old "Oracle of Omaha" revealed his top equity holdings in his widely read annual letter. .

Oil major TotalEnergies swings to profit thanks to surging commodity prices

This photograph taken on May 28, 2021 shows the new TotalEnergies logo during its unveling ceremony, at La Defense on the outskirts of Paris. CHRISTOPHE ARCHAMBAULT | AFP | Getty Images French oil major TotalEnergies on Thursday reported a sharp upswing in full-year profit, boosted by a huge rebound in commodity prices. The oil and … Read more