Warren Buffett's Berkshire Hathaway ups stake in Occidental Petroleum (OXY)
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US stock futures edge lower; Nike outlook, inflation data in spotlight
December 22, 2023 6:07 AM ESTInvesting.com -- U.S. stock futures edged lower Friday, weighed by a weak outlook from sports retail giant Nike and with investors cautious ahead of key inflation data.
By 06:00 ET (11:00 GMT), the Dow Futures contract was down 100 points, or 0.3%, S&P 500 Futures traded 5 points, or 0.1%, lower and Nasdaq 100 Futures dropped 20 points, or 0.1%.
The main Wall Street indices closed higher Thursday, bouncing back after the losses of the previous session. The blue-chip Dow Jones Industrial Average gained over... More
Berkshire Hathaway boosts stake in Occidental Petroleum to about 28%
December 22, 2023 2:22 AM EST(Reuters) - Warren Buffett-led Berkshire Hathaway has acquired 5.2 million shares of Occidental Petroleum Corp, bringing its stake in the oil company closer to 28%, according to a regulatory filing on Thursday.
Berkshire purchased the shares between Dec. 19 and Dec. 21 for about $312.1 million, with its stake in Occidental totaling to... More
