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Photo: Elizabeth Bick for The Wall Street JournalBank of America is one of Berkshire Hathaway’s biggest holdings. Warren Buffett ‘s Berkshire Hathaway sold more shares than it bought in the final quarter of 2022, a regulatory filing Tuesday showed. The Omaha, Neb.-based company added to its positions in Apple Inc., Louisiana-Pacific Corp. and Paramount Global in the final three months of the year while trimming its positions in eight companies, including U.S. Bancorp and Taiwan Semiconductor Manufacturing Co.
Dow Industrials Slip After U.S. Inflation Data
  + stars: | 2023-02-14 | by ( Chelsey Dulaney | Akane Otani | ) www.wsj.com   time to read: 1 min
The Dow Jones Industrial Average edged lower Tuesday after data showed inflation cooled, but remained hot enough to keep the Federal Reserve on track for further interest-rate increases. The Dow lost 156.66 points, or 0.5%, to 34089.27. The broad-based S&P 500 was roughly flat, falling 1.16 points, or less than 0.1%, to 4136.13, erasing earlier gains.
Upbeat Economic Data Keep Investors on Edge About Fed
  + stars: | 2023-02-05 | by ( Akane Otani | ) www.wsj.com   time to read: 1 min
Employers in industries including retail and healthcare are continuing to hire in strong numbers. The U.S. labor market remains incredibly strong. Investors can’t decide if that is a good or bad thing. At first glance, Friday’s jobs report seemed to have very little for money managers to dislike. The U.S. economy added a whopping 517,000 jobs in January, while the unemployment rate fell to its lowest level since 1969, according to Labor Department data.
Stocks Close Higher After Fed Official’s Comments
  + stars: | 2023-02-03 | by ( Akane Otani | Will Horner | ) www.wsj.com   time to read: 1 min
U.S. stocks climbed Thursday, with gains across sectors offsetting declines in financial and consumer discretionary shares. Major indexes began the day mostly lower. Markets have been under pressure lately as hot economic data have convinced many investors that the Federal Reserve is likely to keep interest rates higher for longer.
The market’s big comeback in January is indicative of one thing: Investors don’t believe the Federal Reserve is going to keep interest rates high for long. Stock and bond prices have jumped to start the year. Particularly risky assets have run up even faster.
The market’s big comeback in January is indicative of one thing: Investors don’t believe the Federal Reserve is going to keep interest rates high for long. Stock and bond prices have jumped to start the year. Particularly risky assets have run up even faster.
Some of the stocks that got crushed in 2022 have surged this year. The market’s comeback in 2023 has been very bad news for one group: short sellers. Short sellers profit from stock declines by borrowing shares of companies that they believe are overvalued, selling them, and then buying them back at a lower price later. They made huge gains in 2022, when markets around the world tumbled.
Tesla Is Still Wall Street’s Favorite Car Company
  + stars: | 2023-01-23 | by ( Akane Otani | ) www.wsj.com   time to read: 1 min
Wall Street analysts are loving Tesla Inc. The electric car maker has had a tough year, between production delays in China, backlash over Chief Executive Elon Musk’s acquisition of Twitter Inc. and his unloading of tens of billions of dollars of his own Tesla shares. Investors have soured on the stock, which had its worst year in 2022.
The Federal Reserve says it is too early to think about cutting interest rates this year. Investors are growing more convinced that is exactly what the central bank is going to do. The clash between investors’ hopes and Fed policy, and how it ultimately resolves, is shaping up to be one of the biggest question marks for financial markets in 2023.
U.S. stocks jumped Wednesday, erasing earlier losses, after the Federal Reserve said it had approved raising interest rates by a quarter of a percentage point. Markets’ afternoon rally showed just how confident many investors have become that the Fed will end up lowering interest rates this year.
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/stock-bond-and-crypto-investors-remain-on-edge-after-brutal-year-for-markets-11672403124
Stocks Drop in Final Trading Day of Year
  + stars: | 2022-12-30 | by ( Caitlin Mccabe | Akane Otani | ) www.wsj.com   time to read: 1 min
U.S. stocks inched lower in the final trading session of 2022, closing out a punishing year with further losses. 2022 proved to be one of the worst years for markets in recent history. Stocks and bond prices both fell, exceptional volatility roiled currencies and commodities, and cryptocurrency prices cratered as a series of crises gripped the emerging industry.
Wall Street and Fed Flopped in Trying to Predict 2022
  + stars: | 2022-12-26 | by ( Akane Otani | ) www.wsj.com   time to read: 1 min
The Federal Reserve has signaled it expects to keep raising interest rates in 2023, yet traders have been pricing in rate cuts. Almost everyone on Wall Street and in Washington got 2022 wrong. The Federal Reserve expected 2021’s inflation surge to be transitory. Core inflation climbed to a four-decade high this fall, nearly tripling the Fed’s full-year forecast.
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/global-stocks-markets-dow-update-12-19-2022-11671450367
U.S. stocks slipped Monday, dragged lower by shares of everything from banks to technology companies. Major indexes are on track to end December lower, a somewhat unusual occurrence. The S&P 500 has risen in 73% of Decembers since 1928, according to Dow Jones Market Data. As of Monday’s close, the S&P 500 had fallen 6.4% in December.
A few months ago, Wall Street rebuffed the idea that the Federal Reserve would be able to pull off a soft landing. Now, a growing crowd is betting on exactly that happening.
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/why-berkshire-hathaways-latest-big-bet-is-on-a-taiwanese-chip-maker-11668534666
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/berkshire-hathaway-bought-9-billion-in-stock-in-third-quarter-11668445013
For decades, Americans planning for retirement have been advised to invest in a mixture of stocks and bonds. The idea was simple. When stocks did well, their portfolios did, too. And when stocks had a bad year, bonds usually did better, which helped offset those losses.
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/investors-question-whether-big-techs-rebound-can-last-11668272867
Warren Buffett’s Berkshire Hathaway Inc. swung to a loss in the third quarter as a volatile stock market and losses from insurance underwriting offset gains in its manufacturing, service and retail businesses. The Omaha, Neb., company reported a net loss of $2.69 billion, or $1,832 a class A share equivalent, versus a year-earlier profit of $10.34 billion, or $6,882 a share.
A massive selloff in bonds. A plunge in tech stocks. The implosion of cryptocurrencies. The highest inflation in four decades. Amid a brutal and uncertain climate, we asked six heavyweights in the world of finance to share their thoughts on the state of the markets, how they have handled this year’s carnage and what they anticipate in the future.
Within the energy sector, traders are the most short on drillers and companies refining and marketing oil and gas. More traders are betting that energy stocks’ big 2022 rally won’t last. Short interest in U.S. energy stocks has risen to 3.9%, the highest level since October 2020, according to S&P Global Market Intelligence. That means that 3.9% of energy shares available for trading are being held by short sellers. Within the energy sector, traders are the most short on drillers and companies refining and marketing oil and gas and the least short on transportation and storage companies.
Investors place the blame for the market’s malaise on a difficult economic environment. Stocks slumped most of last week. Then they unexpectedly surged Thursday, only to tumble again Friday. What is driving the wild swings?
Stocks Drop After Wild Surge on Wall Street
  + stars: | 2022-10-14 | by ( Caitlin Mccabe | Akane Otani | ) www.wsj.com   time to read: 1 min
U.S. stocks fell Friday, the latest U-turn for markets after a volatile week marked by big swings in both directions. Stocks fell to start the week, then tumbled again early Thursday after data showed inflation rose more than expected in September—a major setback for investors who had hoped for a report that might give the Federal Reserve space to slow down its rapid pace of interest-rate increases.
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