This star hedge-fund manager says some major tech names are now value plays, as he shorts one meme-stock favorite

Stocks are on the rebound again, at least that’s the vibe from futures. That’s a day after Federal Reserve Chair Jerome Powell confirmed to lawmakers, what markets already knew – that a soft economic landing might be tricky while taming the inflation beast. Along with average investors, hedge funds have had a rough start to … Read more

School’s Out for Summer and Many Teachers Are Calling It Quits

Many teachers have packed up classrooms for the last time as schools break for summer, leaving a profession where stresses have multiplied as a national teacher shortage threatens to grow. Some 300,000 public-school teachers and other staff left the field between February 2020 and May 2022, a nearly 3% drop in that workforce, according to … Read more

School’s Out for Summer and Many Teachers Are Calling It Quits

Many teachers have packed up classrooms for the last time as schools break for summer, leaving a profession where stresses have multiplied as a national teacher shortage threatens to grow. Some 300,000 public-school teachers and other staff left the field between February 2020 and May 2022, a nearly 3% drop in that workforce, according to … Read more

Elon Musk’s Belated Disclosure of Twitter Stake Triggers Regulators’ Probes

WASHINGTON — Federal regulators are investigating Elon Musk’s late disclosure last month of his sizable stake in Twitter Inc., TWTR -2.48% according to people familiar with the matter, a lag that allowed him to buy more stock without alerting other shareholders to his ownership. The Securities and Exchange Commission is probing Mr. Musk’s tardy submission … Read more

Warren Buffett Says Markets Have Become a ‘Gambling Parlor’

OMAHA, Neb. — As recently as February, Warren Buffett lamented he wasn’t finding much out there that was worth buying. That is no longer the case. After a yearslong deal drought, Mr. Buffett’s Berkshire Hathaway Inc. BRK.B -2.55% is opening up the spending spigot again. It forged an $ 11.6 billion deal to buy insurer … Read more

Berkshire Hathaway’s Earnings Fall as Market Tumult Weighs on Stock Portfolio

Berkshire Hathaway Inc.’s BRK.B -2.55% first-quarter earnings fell as turbulence across financial markets weighed on its giant stock portfolio and rising claims costs hurt its insurance-underwriting business. Warren Buffett’s company reported net income of $ 5.46 billion, or $ 3,702 a Class A share equivalent. That was down from $ 11.71 billion, or $ 7,638 … Read more