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
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 U.S. unemployment rate jumped from 9.8% to 10.2% in October, the U.S. Bureau of Labor Statistics reported on Nov.6. That rate exceeds economists’ estimates of 9.9% and is the highest since April 1983.
Nonfarm payroll employment declined by 190,000, more than the 175,000 jobs that economists had forecast. The largest job losses in October were in construction, manufacturing, and retail. The economy lost 219,000 jobs in September, revised from a previous estimate of 263,000. In the last three months, job losses have averaged 188,000 per month, compared with an average of 357,000 during the prior three months.
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Nov
6