Pictured here is Louis Vuitton’s new cruise ship-shaped store in Shanghai, China, on June 28, 2025. Bloomberg | Bloomberg | Getty Images BEIJING — China’s economic slowdown isn’t discouraging U.S. and European brands from revamping their strategies to reach Chinese shoppers. Instead, the allure of the world’s second-largest consumer market is forcing companies to adapt…
Wall Street shared Buffett’s disappointment. Kraft Heinz shares fell as much as 7.6% on Tuesday after the announcement early that morning, but made back some of that loss, finishing down just 2.4% for the holiday-shortened week. Zoom In IconArrows pointing outwards Will Buffett’s unhappiness prompt Berkshire to sell some or all of its stake? He didn’t rule…
Check out the companies making the biggest moves in midday trading: Frontier Group — Shares of the budget airline carrier shot up more than 13% in the wake of rival Spirit Airlines’ bankruptcy filing on Friday. Humana — Shares of the health insurer rose more than 2% after the company reaffirmed on Friday its fiscal…
Check out the companies making the biggest moves in premarket trading: PepsiCo — The snack and beverage giant rose nearly 6% after activist investor Elliott Management took a $4 billion stake in the company, touting a “rare” and “historic” opportunity for a turnaround at the iconic soft drink and snack company. The investment by Elliott,…
Warren Buffett told CNBC on Tuesday that he is disappointed in the Kraft Heinz split that unwinds much of the blockbuster merger he masterminded a decade ago. With a 27.5% stake in the company, Berkshire Hathaway is Kraft Heinz’s largest shareholder. The firm has not touched its shares since the 2015 merger that formed the…
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. CNBC Berkshire Hathaway shares dipped after Warren Buffett’s conglomerate reported a small decline in operating earnings, while continuing a stock-selling spree and a buyback halt. The Omaha-based giant saw operating earnings including those from its insurance and railroad businesses…
