As Apple sets the date for its next iPhone launch event on September 09 like last year, Apple’s stock has been in the doldrums for a while. But that could be just a summer slumber before the action picks up again as traders return from their vacations.
In recent years, Apple stock has tended to end the year higher than where it was at the beginning of the year — including in 2012 when the stock Read more […]
Jack Dorsey, co-founder and interim chief executive of always-in-turmoil Twitter, bought a trifling 31,000 shares of Twitter stock on Monday, pushing the Twitter stock price up by around 9% by spending roughly $875,000. The Twitter stock has been on something of a downwards spiral over the past few days and it has lost more than 15% over the last month (including today’s 9% gain).
Without today’s Read more […]
The Berkshire Hathaway conglomerate-cum-empire of Warren Buffett grew more diverse today as it announced it had acquired a metal parts manufacturer called Precision Castparts for $37.2 billion, including debt.
Berkshire now has holdings in companies as diverse as insurance, railroads, chocolates and the latest company that makes airplane parts. Berkshire’s market capitalization stands at a gargantuan Read more […]
In a move that has surprised one and all, Google is restructuring how it runs itself. Google has created a new company called Alphabet that “is mostly a collection of companies,” writes Larry Page, the new CEO of Alphabet.
This already sounds like Warren Buffett’s Berkshire Hathaway and the way companies operate as independent entities under the Berkshire umbrella. Sergey Brin, Google’s co-founder, Read more […]
If a car can be proud of its heritage and try to sell on pedigree, the Ford Mustang is certainly one such car. In its 50th year, the Ford Mustang GT Convertible with a 5.0 liter V8 engine continues a proud legacy.
It’s fast and powerful and ticks all the points when it comes to speed with a 420 horsepower engine that will take you from zero to 60 mph in 4.8 seconds. It packs more torque than Read more […]
Warren Buffett’s Berkshire Hathaway Inc. reported a 37% fall in 2Q2015 profits, including a loss of $38 million in insurance underwriting operations.
Berkshire Hathaway reported net income of $4.1 billion in the second quarter, or $2,442 per share, compared to $6.4 billion, or $3,889 per share, a year earlier. The diversified Berkshire group has interests across insurance, railroads, utilities Read more […]