 | | | | A rotation out of growth and technology stocks and a recent slide in shares of Tesla Inc (TSLA.O) are weighing on the performance of ARK Innovation (ARKK.P), the flagship exchange-traded fund managed by star stock picker Cathie Wood that bested all other U.S. equity funds in 2020. | | | | | | Prudential Financial Inc (PRU.N) on Tuesday posted profits that topped analysts' estimates by nearly 50% for the first quarter, boosted by record results in its asset management and retirement business. | | | | | | Private-equity company Blackstone Group Inc (BX.N) said on Tuesday it has hired a Goldman Sachs Group Inc (GS.N) partner to head client services and business development around the world for its hedge fund unit. | | | | | | For some Berkshire Hathaway shareholders a list of post-pandemic challenges including looming inflation, a dearth of acquisitions and more environmental and social disclosure demands are prompting a rethink on Warren Buffett's conglomerate. | | | | | | Robinhood Financial on Monday struck back against comments by Warren Buffett that likened the retail brokerage to a casino that encourages millions of inexperienced day traders to place short-term stock market bets. | | | | | | The U.S. Supreme Court on Monday rebuffed a bid by current and former employees of Wells Fargo & Co (WFC.N) to revive a lawsuit over losses to their retirement plan following a scandal over fake accounts that rattled the bank in 2016 and led to billions of dollars in fines and penalties. | | | | | | Warren Buffett on Saturday likened the millions of inexperienced day traders who entered the stock market in the past year to gamblers, and said commission-free brokerages such as Robinhood Financial for promoted a casino-like atmosphere. | | | | | | Warren Buffett's Berkshire Hathaway Inc (BRKa.N) will hold its annual meeting on May 1 in Los Angeles. As in 2020, the meeting will be held virtually because of the COVID-19 pandemic. | | | | | | Activist investors have been outperforming their peers and the broader market this year by pushing for board-room changes rather than dramatic business overhauls, breakups or mergers, according to performance data and industry sources. | | | | | | The U.S. Consumer Financial Protection Bureau (CFPB) said on Tuesday it was taking immediate action to understand and resolve how "hundreds of thousands" of mortgage borrowers' bank accounts were debited for duplicate payments after a mortgage servicer announced the error on Monday. | | | | | |
