Stock splits don’t change the value of a company. But a lower share price for Warren Buffett’s firm (and other triple-digit stocks) could attract more investors
I don’t know about you, but I don’t have a spare $101,900 stuffed under my couch cushions to buy an “A” share of Warren Buffett’s Berkshire Hathaway. I probably could scrounge together $3,395 for one “B” share, but I would rather not.
However, the possibility of spending $1,000 to purchase 15 so-called “Baby Berkshire” B shares is somewhat intriguing. And soon, you and I will have the chance to do so.
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Nov
8
Futures fall more than $2 a barrel after the U.S. government says unemployment jumped to 10.2% in October. Oil prices fell almost 3% near $77 a barrel Friday after data showed the U.S. jobless rate jumped to a 26-1/2-year high of 10.2% in October, raising concerns about a potential rebound in fuel demand.
The Labor Department said employers cut 190,000 jobs in October, more than the 175,000 that markets had expected but fewer than the 219,000 lost in September.
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Nov
8
The troubled insurer said it continues to benefit from stabilization in the housing and credit markets, but future quarters will continue to be volatile. AIG reported its second profitable quarter in a row early Friday, as stabilization in its insurance businesses, and the credit and mortgage markets helped boost results.
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Nov
8
Higher-than-expected payroll losses for October could set markets lower after rally that pushed Dow back above 10,000. U.S. stocks were set to fall Friday after the government reported higher-than-expected payroll losses for October and an increase in unemployment. S&P 500, Nasdaq-100 and Dow Jones industrial average futures were lower, losing their lukewarm gains immediately after the payroll report.
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Nov
8
The greenback and the Japanese yen climb as investors seek safety following a worse-than-expected report on the U.S. job market
The dollar and yen rose Friday after a report showed the U.S. unemployment rate spiked and the economy lost more jobs than expected, stoking concerns about the U.S. economy and restoring safe-haven demand for both currencies.
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Nov
7
Major indexes finished higher Friday, led by industrial stocks, despite news that the U.S. jobless rate topped 10% in October, U.S. stock indexes closed higher Friday as investors snapped up industrial and other selected issues after an earlier market decline that was fueled by news the U.S. economy lost 190,000 jobs and the jobless rate hit a 26-year high of 10.2% in October. The late rally drove the Dow industrials above 10,000 for a second day.
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Nov
7
Government debt prices move higher after Labor Department reports unemployment rate spiked to 10.2%. Treasury prices were higher Friday after the government reported that unemployment spiked to 10.2% — its highest level since April 1983.
The jump raised demand for the perceived safety of government-backed debt, which typically attracts investors in times of economic uncertainty.
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Nov
7