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Citi expects stocks to go sideways for a year, suggests defensives

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 billion

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 delays

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 September

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'

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: report

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 leak

Mercedes-Benz will recall more than 660,000 vehicles in China later this year for a possible oil leak.
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