Buffett shut down speculation that Berkshire might make an offer for full control of Occidental Petroleum Corp., after the firm spent months purchasing the energy producer’s shares.

The banking industry’s recent turmoil has been fueled by a heady combination of contagious fears, skewed regulatory incentives and poor messaging.

The economic outlook will weigh on profit for his businesses, with an “incredible” period for the US economy waning.

President Joe Biden and top Republicans and Democrats from Congress are set to sit down this week to try to resolve a three-month standoff over the $31.4 trillion U.S. debt ceiling and avoid a default before the end of May.

Biden wants to raise the borrowing limit without any conditions.

Speaker McCarthy has said his chamber will not approve any deal that does not cut spending to address a growing budget deficit.

Chinese investors are betting on a pledge by Beijing to let state-owned firms have access to more capital and play a bigger role.

The CSI 300 Financials Index jumped for a fifth session on Monday to reach its highest level since April 2022, adding $166 billion in market value in the process.

The gains were led by state-owned lenders including China Citic Bank Corp. as well as Bank of China Ltd., which hit the 10% daily limit-up for the first time since July 2015.

Earnings fell 26% during the first quarter from a year earlier as a dealmaking drought continued to weigh on the alternative asset manager.

In an era of ultra-low interest rates prior to last year, private equity grew rapidly as pensions and endowments scouted around for alternative investments with higher returns.

More recently, institutional investors have hit the limits of what they can invest in private equity — and higher interest rates have put the brakes on borrowing that greases deals

EPS C$0.85 vs. C$0.84 y/y, estimate C$0.84

Adjusted Ebitda C$4.47 billion, +7.7% y/y, estimate C$4.27 billion

Cash from operating activities C$3.87 billion, estimate C$3.15 billion

Reaffirmed 2023 full year financial guidance for EBITDA and DCF and medium-term outlook

Enbridge anticipates exiting 2023 with its Debt-to-EBITDA metric again within the lower half of the target range while continuing to fund its secured capital growth program within its equity self-funding model.

Paypal (NASDAQ:PYPL)

Itau Unibanco Holding (NYSE:ITUB)

KKR (NYSE:KKR)

Suncor Energy (NYSE:SU)

Devon Energy (NYSE:DVN)

Biontech (NASDAQ:BNTX)

Intl Flavors & Fragrances (NYSE:IFF)

Tyson Foods (NYSE:TSN)

Ventas (NYSE:VTR)

Skyworks Solutions (NASDAQ:SWKS)

Palantir Technologies (NYSE:PLTR)

Lucid Group (NASDAQ:LCID)

Aecom (NYSE:ACM)

Essential Utilities (NYSE:WTRG)

Viatris (NASDAQ:VTRS)

Shockwave Medical (NASDAQ:SWAV)

Western Digital (NASDAQ:WDC)

Jobs Number Doesn’t Mean Hike: Fed's Goolsbee says premature to suggest stronger-than-expected jobs data means Fed will hike rates in June

Deposits Back in the Headlines: Deposits at US commercial banks fell toward lowest in nearly two years while overall credit provided by banks moved up

Bank Buyouts: US authorities set an expectation of sweeteners for buyers to offset potential losses on undesirable parts of shuttered banks' portfolios

Great Divergence: Investors bet on ‘great divergence’ between Federal Reserve and ECB

Bank Stocks: US financial stocks declined to pre-global financial crisis highs from 2007 and pre-Covid highs from 2019/2020

Fed Talk: Powell’s Bet Against Recession Looks Good — Minus the Credit Crunch and a DC Standoff

Hedge Funds v. Treasuries: Hedge Funds Face Into Bank Turmoil With Epic Short Treasury Bets

Credit Risks: Bond Traders Bet on Biggest Fed Shift in Decades on Credit Risks

Proceed with Caution: Rio Tinto Cautions Against Takeover Fever After Lithium's Dramatic Price Slump

UK IPO Market: ‘A very problematic market’: As Arm shuns London, tech investors question UK as an IPO destination

Bank Partner Buyout: HSBC reaches deal to buy out China fund partner -source

Chip Rollup: Qualcomm to acquire Israeli auto-chip maker Autotalks

Berkshire Trimming BYD: Berkshire Hathaway sells $58.9 mln worth of shares in China's BYD

HK IPO: Edible Bird’s Nest Maker Yanzhiwu Weighing $200 Million Hong Kong IPO, Sources Say

Oversight Increased: Japanese companies seeking US deals fear more scrutiny of China link