Warren Buffett Is Moving Away From Tech — Here’s What He’s Buying Instead
Key Takeaways
- Berkshire Hathaway acquired OxyChem for $9.7 billion, marking Buffett’s largest deal since 2022.
- The deal may be Buffet’s last as CEO before he steps down.
- The petrochemical business manufactures commodity chemicals like chlorine and sodium hydroxide, which are used in water treatment,
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Read MoreTargeting the 'heart of its war economy,' US and EU impose new sanctions on Russian oil
The United States and European Union have announced new sanctions against Russia’s oil industry as part of efforts to pressure Russia to end the war in Ukraine. The European Union agreed to the new sanctions this morning, aiming to move closer to lasting peace in the region. “We’re keeping the pressure high on the aggressor,”
Read MoreTesla earnings showed the company needs Elon Musk's full attention as it pivots to AI
Good morning and welcome to First Trade. “KPop Demon Hunters” and record revenue weren’t enough to help Netflix stock after earnings. It suffered its worst day since March after a tax issue took investors by surprise.
Rundown
But first, Tesla earnings show a company in transition.
Read MoreStock market today: Dow, S&P 500, Nasdaq notch fresh records as Nvidia soars ahead of Fed rate decision
US stocks jumped to new record highs on Tuesday as investors fielded the latest rush of earnings and looked to the Federal Reserve meeting to confirm interest rate cuts are on the way.
The Dow Jones Industrial Average (^DJI) rose 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) moved up around 0.8%,
Read MoreThe Burst
Cannabis Stock For Colossal Growth?
Competition is fierce in the cannabis industry. The Canadian market in particular has a litany of producers and sellers. The consequence of almost 1,000 licensed players elbowing each other for market share has been margin compression for most and losses for many.
As smaller producers creep into the market and steal market share inch by inch,
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Read MoreThe Ivy
Market Commentary: 1 Tiny AI Stock Seals $100M Deal
Just when we thought Onto Innovation had shared all its good news for the quarter, the semiconductor equipment manufacturer dropped another bombshell. Onto has raked in new equipment orders to the tune of more than $100 million.
What’s the catalyst behind this financial windfall?
» Read more about: Market Commentary: 1 Tiny AI Stock Seals $100M Deal »
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