What to Watch in the Markets Monday, July 10
Here's Myles Udland with a lookahead to Monday, July 10th.
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Investors who buy Altria's stock for its dividend could be taking on some considerable risk.
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The SEC charges the company’s auditing firm BF Borgers CPA and its owner Benjamin Borgers with ‘massive fraud.’
Barrons.comBerkshire pares huge Apple stake as cash, operating profit set records
Berkshire Hathaway significantly reduced its enormous stake in Apple in the first quarter, as Warren Buffett's conglomerate let its cash hoard swell to a record $189 billion. Buffett's company also posted a record operating profit exceeding $11 billion, as its insurance operations benefited from improved underwriting and higher income from investments as interest rates rose. The value of Berkshire's stake in Apple fell 22% to $135.4 billion as of March 31 from $174.3 billion at the end of 2023, even though the iPhone maker's share price fell just 11% in the quarter.
ReutersWarren Buffett pays tribute to Charlie Munger on a 'tough day' for shareholders
This year’s Berkshire Hathaway annual shareholder meeting marked a new era for the Oracle of Omaha, Warren Buffett. It’s the investing legend’s first without his right-hand man, Charlie Munger.
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This stock is clearly a favorite of both famous billionaires.
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Dividend Kings are an elite group of companies that have consistently increased their dividends for at least 50 consecutive years. These companies have demonstrated a remarkable ability to generate steady cash flows and reward shareholders with ...
BenzingaThe CEO Who Hired His Wife, Gave His Dog a Title, and Brought Down a Bank
Vernon Hill’s Commerce Bancorp was about to open its first New York City branch in 2001 when his wife, Shirley, called wanting to know whether dogs could be allowed inside. Shirley Hill, also the branch designer, had been stopped from bringing the couple’s Yorkshire terrier, Sir Duffield, into other banks. Vernon Hill, the bank’s founder and chief executive, declared it “just another stupid bank rule” and launched a campaign to encourage dogs to visit Commerce.
The Wall Street Journal