Tech stocks as a class are going through their most challenging times since the 2008-09 financial crisis. Despite painful losses over the last few months, history has shown that it pays for investors to keep their faith in the tech sector. This past-performance factor proves especially true with one of tech's more prominent names, Amazon (NASDAQ: AMZN). Read More...
TheStreet.com
What Did Warren Buffett See in Occidental That Carl Icahn Missed?
Berkshire Hathaway ( ) purchased another 9.6 million shares of Occidental Petroleum ( ), increasing the behemoth’s total stake to 16.3% as oil prices remain volatile. The Berkshire conglomerate, run by billionaire Warren Buffett, said it spent $530 million acquiring the shares of the oil company, whose stock rose by 1% following the announcement, but had fallen by 13% during the past month, according to a regulatory filing. Berkshire now owns 152.7 million shares, worth about $8.52 billion.
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