(Bloomberg) – Zhongzhi Enterprise Group Co., Ltd. In 1995 as a timber company, it has grown into a financial conglomerate with more than 1 trillion yuan ($138 billion) in management. Now it risks becoming the latest Chinese financial giant to fail. Most Read from Bloomberg The under-the-radar group, often dubbed China’s Blackstone by local media, … Read more
(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. … Read more
main sockets Shares of Eli Lilly hit a record high after the company completed two acquisitions earlier this year. The deals expand Lilly’s reach into potential diabetes and obesity treatments Together, the two deals could be worth more than $2 billion, if certain conditions are reached. Shares of Eli Lilly (LLY) reached an all-time high … Read more
Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) revealed new positions in three US homebuilders on Monday, sending shares of each firm higher as the billionaire bets on the US housing market. DR Horton (DHI), Lennar (LEN), and NVR (NVR) all rose Monday after Berkshire revealed the new positions in its group. Another 13F has been filed … Read more
2023 has been a strong year for US markets so far, with the S&P 500 (INDEX: .INX) up 17%. This has led tech giants like Apple company (NASDAQ: APPL), up 43.06% year-to-date Meta Platforms Inc(NASDAQ:FB) up over 143% year-to-date. But a few stocks have done that, too NVIDIA Corporation (NASDAQ: NVDA), up a whopping 202.4% … Read more
The Dow Jones Industrial Average suffered again merck (Mrk) And apple (AAPL) among the winners. The latest bets of legendary big investor Michael Perry have been revealed. Tesla (TSLA) was lower after further price cuts appeared. X Meanwhile, the trio stocks rallied as they looked for breakouts even though the current uptrend was under pressure. … Read more
font size Warren Buffett, CEO of Berkshire Hathaway, loves the homebuilding industry. Drew Angerer/Getty Images Berkshire Hathaway He took new positions in the field of housing construction, in particular the leader in this field Dr. Horton And while reducing its share general motors and eliminate sticking Makison And according to 13-F regulatory filing was issued … Read more
Michael Perry, who was famous for shorting subprime mortgages before the 2008 financial crisis, closed the majority of his regional banking dealings in the second quarter, filings With the SEC revealed on Monday. Burry Scion Asset Management’s hedge fund divested stakes in Western Alliance (WAL), Huntington Bank (HBAN), PacWest (PACW) and First Republic (FRCB) during … Read more
*** ONE TIME USE *** Sign placed on the Johnson & Johnson campus in Irvine, California. Mario Tama/Getty Images font size It is a difficult time for investors Johnson & Johnson who need to decide soon about participating in it J&J’s $40 billion exchange offer To participate in Kinfu And J&J’s consumer health activity in … Read more
WASHINGTON (AP) – President Joe Biden is asking major US automakers and their labor unions to reach an agreement that takes “every step possible to avoid painful factory shutdowns” as the sector transitions to electric vehicles. The president has not yet been attended by the union of auto workers as he seeks re-election, despite his … Read more