Tuesday, May 17, 2022
Home > Wall Street

Paramount shares jump about 14% after Buffett’s Berkshire reveals new stake

In this photo illustration, Paramount+ (Paramount Plus) logo is seen on a smartphone against its website in the background.Pavlo Gonchar | SOPA Images | LightRocket | Getty ImagesShares of Paramount Global jumped Tuesday after Warren Buffett's Berkshire Hathaway revealed a new stake in the media company.The stock rallied 14%

Read More

Home affordability at 2007 bubble levels, but crash is unlikely: Blackstone’s Joe Zidle

A major Wall Street firm is drawing a striking parallel to the housing bubble.Blackstone's Joe Zidle calls homes almost as unaffordable as the 2007 peak. Yet, he believes a crash is unlikely due to a major difference: Most owners aren't using their homes like an ATM."That caused so many

Read More

Stock futures are flat after S&P, Nasdaq start the week in the red

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 13, 2022. Brendan Mcdermid | ReutersU.S. stock index futures were flat during overnight trading on Monday, following a volatile session that saw the S&P 500 and Nasdaq Composite continue their march lower.Futures

Read More

Stocks making the biggest moves in the premarket: Spirit Airlines, Carvana, Warby Parker and more

Take a look at some of the biggest movers in the premarket:Spirit Airlines (SAVE) – Spirit Airlines surged 19.3% in premarket trading after JetBlue (JBLU) launched a $30 per share tender offer for its rival airline. Spirit had rejected a prior bid by JetBlue, preferring to keep a previously

Read More

Heavily shorted online used car seller Carvana surges nearly 25%, is halted several times

A Carvana used car "vending machine" on May 11, 2022 in Miami, Florida.Joe Raedle | Getty ImagesShares of online used car retailer Carvana surged Thursday amid a wild trading session in which several heavily-shorted stocks popped.The stock closed up 24.7%. Trading was halted at least four times Thursday. Carvana's

Read More

Hedge fund winners and losers emerge in brutal tech-driven sell-off

The stock market is going through a period of uncertainty and volatility, but some sectors could benefit from that.Timothy A. Clary | AFP | Getty Images(Click here to subscribe to the Delivering Alpha newsletter.)A wide divergence of performance has formed in the hedge fund industry amid the stock rout on Wall

Read More

Franklin Templeton CEO Jenny Johnson says active management pays off during extreme volatility

(Click here to subscribe to the Delivering Alpha newsletter.)With $1.5 trillion in assets, Franklin Templeton is among America's top 10 asset managers, and growing. Over the last few years, the firm has acquired asset manager Legg Mason, custom index provider O'Shaughnessy Asset Management, and secondary private equity investor Lexington Partners, among

Read More