NEW YORK (Reuters) – Australian-listed investment firm GQG Partners added more shares in Nvidia Corp in the second quarter, ending June with a $5.9 billion investment in the chipmaker, according to regulatory filings on Friday. Shares in Nvidia are up nearly 180% year-to-date and have reached $1 trillion in market capitalization, amid excitement over developments…
There has been a lot of buzz in the beer industry this week as two brands have bulked up their portfolios and others have downsized. On Tuesday, consumer packaged goods and cannabis giant Tilray (TLRY) acquired eight beer and beverage brands from Anheuser-Busch InBev (BUD) for $85 million, while Molson Coors (TAP) acquired Blue Run…
Warren Buffett.Photograph: Rick Wilking/Reuters Warren Buffett’s Berkshire Hathaway added three homebuilders to its portfolio last quarter. The investor’s company exited three shares and cut several other deals, SEC filings show. Berkshire also boosted its stakes in Capital One and Occidental Petroleum in the most recent quarter. Warren Buffett Berkshire Hathaway It trimmed its portfolio of…
(Bloomberg) — The Hawaiian Electric Company, which supplies energy to nearly 95% of the state’s population, traces its roots back to 1891, just a decade after King Kalākaua met Thomas Edison to see the incandescent light bulb. Now, the gadget is facing what is shaping up to be the biggest test ever on its future….
font size Linda Iaccarino, CEO of X, formerly Twitter Cindy Ord/Getty Images for female tally Tesla CEO Elon Musk’s management style has come under scrutiny in recent months. Investors most of the time express concern about his methods. They’ve got a little New Thursday that can allay some fears. On Thursday morning, Linda Iaccarino, CEO…
A financial advisor told me the pros of building a two-part bond ladder (three-year treasures and 10-year companies) to generate steady income and cover required minimum distributions (RMDs). What are the negatives? -Ken When used in the right conditions and for the right job, Bond ladders It can provide a stable income and a necessary…
(Bloomberg) — China’s economy shows little sign of recovery, with new pressures in the real estate market and downturn threatening growth prospects. Most Read from Bloomberg Official data on Tuesday is likely to show modest gains in industrial production, retail sales and fixed-asset investment in July last year, although growth rates remain well below pre-pandemic…
ASK A ADVISOR: I’m a 43-year-old divorced father with $315,000 in IRAs, $90,000 in Roth and other accounts. I max out my 401(k) every year. Can I retire at 57? I am 43 years old and a divorced father. I have $315,000 in a traditional Individual Retirement Account (IRA), $90,000 in a Roth IRA, $22,000…
summary Enterprise Products Partners LP is a North American provider of medium energy services to producers and consumers of natural gas, natural gas liquids, crude oil, refined products and petrochemicals. Partnership assets include more than 50,000 miles of natural gas, natural gas liquids, refined products, and petrochemical pipelines; 260 million barrels of storage capacity for…
(Bloomberg) — U.S. steelmaker Esmark Inc. said it has offered to buy United States Steel Corp. for $7.8 billion in cash, beating out an earlier bid from Cleveland-Cliffs Inc. , intends to finance its bid. Most Read from Bloomberg Shares of US Steel surged after the news, up 43%. The company announced Sunday that it…