Markets
Warren Buffett sheds big stakes in banks and goes for the gold
Warren Buffett's Berkshire Hathaway Inc. (BRKA)(BRKA) unloaded a more than a quarter of its stake in Wells Fargo & Co. (WFC) and about 61% of its position in JPMorgan Chase (JPM), while acquiring a new position in Barrick Gold Corp. (ABX.T), according to 13-F filings with the Securities and Exchange Commission for the period ended Jun 30, that were released Friday afternoon.
Stocks finish little changed as COVID relief hangs in limbo
Congress went on break without a coronavirus aid deal and retail sales softened.
How to avoid blowing up your trading account using options
Options trading is a great way for investors to manage their risk-reward profiles.
El-Erian fears we’ll see damage from lack of stimulus in August economic numbers
Allianz chief economic adviser Mohamed El-Erian on how a coronavirus vaccine could impact markets, big tech stocks, additional federal stimulus and the price of gold.
Mistake for hedge funds to bet against a vaccine: Markets strategist
BMO Capital Markets chief strategist Brian Belski on investing, hedge funds and how a vaccine will impact markets.
iQiyi, the Netflix of China, faces SEC probe
iQiyi is facing a U.S. Securities and Exchange Commission probe after Wolfpack Research accused the company of fraud in an April report.
DraftKings loss widens amid coronavirus disruption of pro sports
DraftKings loss widened in the three months through June as sports were put on hold due to COVID-19.
US July retail sales rose 1.2%
U.S. households boosted retail spending 1.2% in July, the third straight monthly increase despite a rise in coronavirus infections, the Commerce Department reported Friday.
Stock futures trade lower ahead of key economic data
Traders are watching economic data from the U.S. and China
China's retail sales unexpectedly fall as consumer caution prevails
The reports raised concerns about the fragility of China's emergence from coronavirus
Coronavirus vaccine developer CureVac raises $213 million in IPO
The German biotechnology firm sold 13.33 million shares at $16 apiece
WeWork gets new $1.1B commitment from SoftBank
The owner of money-losing shared office provider WeWork told employees on Thursday it has slashed its cash burn rate almost in half from the end of last year and obtained a $1.1 billion commitment in new financing from majority owner SoftBank.