Warren Buffett’s bet on Occidental Petroleum hits trouble

Embattled Occidental Petroleum may choose to pay its backer, Warren Buffett’s Berkshire Hathaway, more than $800m in annual dividends in stock rather than in cash, according to analysts. The $10bn deal with Berkshire Hathaway, the investment firm founded by billionaire Buffett, in oil venture Occidental Petroleum has run into tough times. The original deal helped…

Dell pc is on a table

Dell’s R&D Spending Grew 5x to $4.9bn in the Last 5 Years

Dell Technologies’ (NYSE: DELL) expenditure on research and development has significantly grown over the last five years. Data gathered by Learnbonds.com indicates during the 2020 financial year, the expenditure was $4.9 billion, a growth of about five times from the last five years. This year’s expenditure represents a percentage growth of about 8.4% from 2019’s…

Disney stock tumbles, places hopes on new streaming channel to see it through downturn

Siraj Sarwar

The Walt Disney Company (NYSE: DIS) stock price is off more than 30% from 52-week high of $150 due to the widespread disruption across its domestic parks, hotels, and cruise lines as well as the halts in production at its film business. ESPN is expected to lose $481m in NBA-related ads. However, Disney Plus, which…

Microsoft stock

Microsoft cloud services demand jumps 775%, stock tipped to lead next rally, say analysts 

Siraj Sarwar

Microsoft ‘s (NASDAQ: MSFT) stock price selloff has created an attractive buying opportunity, with analysts’ calling it an outperformer of the bear market and a leader in the next stock market rally. The whopping 775% demand growth for cloud services last week, reported by the traded firm is the main reason behind the optimism. Is…

Hasbro stock jumps as investors like what they hear on Chinese production

Siraj Sarwar

Hasbro (NASDAQ: HAS) stock price jumped 12.5% as the world’s largest toymaker said it has strong demand for toys its products during the coronavirus pandemic and that its plants in China has restarted production. The stock closed Monday at $51.87. Hasbro – which makes Monopoly, Marvel superhero figures and My Little Pony – plunged more…

Investment banking revenue-LearnBonds.com

World’s Five Largest Banks see Investment Banking Revenue Slide to $26.1bn in 2019

Jastra Ilic

Trade tensions, slow growth, and low-interest rates all left their mark on the world’s largest banks last year, affecting the investment banking revenue they racked up. The five largest global banks hit $26.1bn in investment banking revenue in 2019, 3% down on the year, according to data gathered by LearnBonds. JP Morgan, ranked as the…