Blackstone, Carlyle brace for private equity’s terrible hangover ‘

Despite the sunny weather, the outlook was less rosy this week in Berlin, where the private equity industry met for its annual industry summit. In a week when the S&P 500 stock index fell into a bear market and both the US Federal Reserve and Bank of England raised interest rates, buyout bosses met in … Read more

Mexican Lender Is Battered by Missing Money, Hidden Losses

Real CREAL Credit -10.15% built a booming business lending at high interest rates to Mexican teachers and other government workers. The loans were paid back through payroll deduction, reducing the risk of nonpayment. Now it is planning to file for bankruptcy in Mexico after it has faced growing skepticism over how it has been reporting … Read more

Berkshire Hathaway First Quarter Operating Profits Edged Higher as Buybacks Slowed

Berkshire Hathaway made a big bet on other stocks in the first quarter, and energy was a favorite. Warren Buffett’s company bought $ 51.1 billion worth of equities in the quarter, according to the company’s 10-Q filing. Among the purchases were billions of dollars worth of Chevron (ticker: CVX) and Occidental Petroleum (OXY). Berkshire also … Read more

Municipal Bonds Are Down So Much That They’re Buys Again

Text size Al Drago / Bloomberg A funny thing happened in the past week, as news emerged of inflation hitting a four-decade high. A few strategists started looking a bit more positively on bonds, or at least somewhat less negatively. March consumer prices were 8.5% above their level a year earlier, while producer prices were … Read more

RH Delivers Mixed Earnings, Announces 3-for-1 Stock Split

Text size A staircase at an RH outlet. Dimitrios Kambouris / Getty Images for RH RH stock zigzagged in late trading Tuesday, after the home-furnishings retailer reported a mixed fiscal fourth quarter, and said it plans for a 3-for-1 stock split. RH (ticker: RH) said it earned an adjusted $ 5.66 per share on revenue … Read more

Warren Buffett’s Berkshire Hathaway Buys Big Block of Occidental Petroleum Stock

Text size Warren Buffett, CEO of Berkshire Hathaway, speaks to the press as he arrives at the 2019 annual shareholders meeting in Omaha, Nebraska, May 4, 2019. Johannes Eisele / AFP / Getty Images Berkshire Hathaway has purchased nearly 30 million shares of Occidental Petroleum since the end of 2021, adding to an existing large … Read more