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Citi expects stocks to go sideways for a year, suggests defensives9:28 Citigroup forecasts the S&P 500 to be at 3,160 points in mid-2021, about 1% higher than Friday's close Buffett's Berkshire to buy Dominion Energy gas assets for $4 billion1:01 Berkshire Hathaway Inc said its energy unit will buy Dominion Energy Inc’s natural gas transmission and storage network for $4 billion, helping billionaire Chairman Warren Buffett reduce his conglomerate’s cash pile while letting Dominion focus on utilities operations. Companies cancel Atlantic Coast Pipeline after years of delays22:45 Dominion Energy said it was selling the rest of its natural gas transmission and storage network to Warren Buffett's Berkshire Hathaway Inc. for $9.7 billion including debt. Goldman Sachs predicts GDP to shrink more than expected but sees economy back on track in September22:10 A "pause" in consumer spending in July and August will likely limit a third-quarter rebound, according to the analysts, which also upgraded their 2021 numbers. Nikola founder says stock manipulators took Facebook group for shareholders 'off the deep end'21:02 Nikola Motors CEO Trevor Milton is encouraging company shareholders to leave a Facebook group, alleging the forum has become a platform for stock manipulation. Luckin Coffee chairman ousted by shareholders: report19:19 Luckin Coffee had earlier in the week wound up an internal probe into fake annual sales of about $300 million. Mercedes to recall 660,000 vehicles in China for oil leak12:54 Mercedes-Benz will recall more than 660,000 vehicles in China later this year for a possible oil leak. |
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