Citigroup Stock Is the Cheapest of the Big Banks. It’s Ready to Take Off.

Text size Even Warren Buffett’s Berkshire Hathaway has been buying Citi stock, a vote of confidence if there ever was one. Mario Tama / Getty Images Bank stocks have gotten hit as concerns about the US economy have grown. They’re starting to look like bargains, and none more so than Citigroup . The SPDR S&P … Read more

Why Warren Buffett Bought Paramount, Not Netflix, Stock

Text size Paramount + has about 62 million subscribers. Valerie Macon / AFP via Getty Images Older viewers love CBS, but I’m guessing Warren Buffett did not just drop $ 2.6 billion on network parent shares Paramount Global because he’s a big fan of NCIS: Hawaii. He might be betting that investors have got show … Read more

Here’s Why Philip Morris’ Potential Offer for Swedish Match Is Bad for Altria Stock

Philip Morris is in ongoing talks to acquire Swedish Match, the maker of smoke-free tobacco products. Fabrice Coffini / AFP via Getty Images Text size Philip Morris’ potential acquisition of Swedish Match could mean bad news for Altria Group and its ability to keep its spot among the largest US-based tobacco companies, according to Bernstein. … Read more

Berkshire Hathaway: Live Coverage of the Annual Shareholders Meeting

OMAHA, Neb. — The Berkshire Hathaway annual shareholders meeting returned to a live, in-person format for 2022, after a two-year pandemic hiatus moved the so-called “Woodstock for Capitalists” online. Warren Buffett addressed the company’s massive stock purchases in the first quarter, the performance of its collection of businesses, and added his signature folksy anecdotes and … Read more

Tesla’s Earnings Crushed Expectations, Setting More Records. The Stock Is Up.

Tesla’s first-quarter profit was far higher than expected. Above, CEO Elon Musk speaks at the opening party for Tesla’s new factory in Texas. SUZANNE CORDEIRO / AFP / Getty Images Text size Tesla ‘s first-quarter earnings looked surprisingly great. CEO Elon Musk even offered guidance for the rest of 2022. The company essentially beat inflation … Read more

Stocks for the Recession That May — or May Not — Be Coming

Text size Exelon stock offers a little bit of offense to go with its defense. Dreamstime The yield curve briefly inverted this past week — and that’s a recession signal that is either like Paul Revere’s ride or the boy who cried wolf. The good news: Investors do not need to decide which just yet. … Read more