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Buffett’s Berkshire buys gold miner Barrick, slashes Wells Fargo and JPMorgan, dumps Goldman stake amid coronavirus

August 18, 2020 MarketWatch Leave a comment

Read the original article on MarketWatch Warren Buffett’s Berkshire Hathaway Inc. BRK.A, -1.90% BRK.B, -1.98% unloaded more than a quarter of its stake in Wells Fargo & Co. WFC, -3.28% and about 61% of its position in JPMorgan Chase JPM, -2.63%, while acquiring a new position in Barrick Gold Corp. […]

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His fund is up 60% this year after he called the March bottom — now, he sees potential for a ‘severe collapse’

July 30, 2020 MarketWatch Leave a comment
Coollapse Cards iStockPhoto MarketWatch | James Alexander Michie

Michael Gayed says he’s not trying to scare anyone, but you wouldn’t know it from his latest take. Back in May, the fund manager warned of the possibility of two crashes: first bonds, then stocks. With his ATAC Rotation Fund ATACX continuing to deliver the goods — it’s up almost 60% so […]

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‘The dollar is going to fall very, very sharply,’ warns prominent Yale economist

June 23, 2020 MarketWatch Leave a comment
Stephen Roach, Senior Fellow, Jackson Institute for Global Affairs, Yale University MarketWatch | James Alexander Michie

Stephen Roach, Yale University senior fellow and former Morgan Stanley Asia chairman, has a warning for U.S. dollar bulls. The prominent economist says that the era of the U.S. buck may be coming to an end and is forecasting a 35% decline soon in the U.S. currency against its major […]

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IPO market gears up for another busy week with 8 deals expected to raise $2 billion

June 9, 2020 MarketWatch Leave a comment

Outdoor living product maker The Azek Co. and online used car website Vroom are expected to be biggest deals of the week The U.S. initial public offering market is gearing up for another busy week with eight deals on tap expected to raise about $2 billion, led by Azek Co., a […]

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Impossible Foods, Beyond Meat see spike in demand as coronavirus wreaks havoc on meat supply

May 8, 2020 MarketWatch Leave a comment
Impossible Foods Inc MarketWatch | James Alexander Michie

A shortage of beef and pork could be a plus for two of the largest makers of plant-based meat. Beyond Meat Inc. BYND+8.85% and privately-held Impossible Foods Inc. are likely benefactors in the wake of closures of major meat-packing plants hit by coronavirus outbreaks. The evidence was on vivid display […]

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Why oil prices just crashed into negative territory — 4 things investors need to know

April 22, 2020 MarketWatch Leave a comment
Oil goes negative crude MarketWatch | James Alexander Michie

Oil did something Monday that made even market veterans shake their heads in wonder — the thinly traded, soon-to-expire May contract for West Texas Intermediate crude on the New York Mercantile Exchange traded, and closed, in negative territory. “I’m not sure how to react to that other than say that nobody, whether […]

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