Brazil’s planned privatization of eight Petroleo Brasileiro SA refineries has lured several of the world’s largest trading and oil companies as prospective bidders, two sources with knowledge of the matter said.
Asian stocks tracked global peers higher on Tuesday while safe-haven bonds sold off as signs Sino-U.S. trade hostilities might be easing helped restore investor confidence after the previous session’s rout.
Oil prices rose on Tuesday after U.S. President Donald Trump said he expected to sign a trade deal with China, calming nerves after a round of tit-for-tat tariff hikes had sent markets reeling.
Ferdinand Piech, Volkswagen AG’s former chairman and chief executive, who transformed the German company from a struggling midsized carmaker into a global automotive powerhouse, has died, German tabloid Bild said on Monday.
An Oklahoma judge on Monday ordered Johnson & Johnson to pay $572.1 million to the state for its part in fueling an opioid epidemic by deceptively marketing addictive painkillers.
An Oklahoma judge on Monday ruled that Johnson & Johnson was liable for its part in fueling the opioid epidemic and ordered the drugmaker to pay $572 million following a trial in a lawsuit brought by the state’s attorney general. J&J said it would appeal the decision.
An Oklahoma judge on Monday found Johnson & Johnson liable for fueling an opioid epidemic in the state by deceptively marketing addictive painkillers, and ordered the drugmaker to pay $572.1 million.
President Donald Trump’s aggressive stance and often mixed signals in his trade war with China are taking a toll on the shares of U.S. companies that are most reliant on the world’s second largest economy.
Ferdinand Piech, Volkswagen AG’s former chairman and chief executive, who transformed the German carmaker from a regional manufacturer into a global automotive conglomerate, has passed away, German tabloid Bild said on Monday.
A global gauge of equities edged higher on Monday and the dollar rebounded after U.S. President Donald Trump said Chinese officials had contacted Washington about resuming trade negotiations.
An Oklahoma judge on Monday found Johnson & Johnson liable for fueling an opioid epidemic in the state by deceptively marketing painkillers, and ordered the drugmaker to pay damages of $572 million.
Warren Buffett turns 89 this Friday, and there’s been a lot of attention given to his recent performance.
But before getting into that…
With seed capital of around $10,000 in the mid-1950s, Buffett masterfully invested his way to a net worth of around $79 billion.
His technique is simple: He focuses on what he knows (namely financials, information technology and consumer staples) and then buys companies he believes have unique competitive advantages over the long term – and he holds them – sometimes “forever.”
Oh, and along the way, he collects massive dividends.
This year alone, Berkshire Hathaway stands to generate more than $4.6 billion …read more […]
A while back, I was reading an article about bond funds. The subhead read, “The trick next year will be to avoid losing money.”
The first sentence should have been “Don’t buy bond funds.”
What should the line after that have read?
“The end.”
The writer could have saved himself 700 words, taken the afternoon off and caught a matinee. Instead, he wasted readers’ time showing them how little they’d lose if they bought the “top bond funds” featured in the article.
Why are bond funds near-certain losers when bonds are so important to balancing a portfolio? It has to do with the mechanics of …read more […]
Ferdinand Piech, Volkswagen AG’s former chairman and chief executive, who transformed the German carmaker from a regional manufacturer into a global automotive conglomerate, has passed away, German tabloid Bild said on Monday.
U.S. stocks rose on Monday, following a sharp sell-off in the prior session, after U.S. President Donald Trump predicted a trade deal with China, cooling investor concerns after a ramp-up in rhetoric derailed markets last week.
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