Stock News | Market Tamer Stock and Options Training

Wall Street is keeping a close eye on debt ceiling negotiation updates ahead of the weekend. The major equity averages posted two consecutive sessions of gains, lifting the Nasdaq and S&P 500 to the best weekly performance since March. Fed Reserve Chair Jerome Powell says interest rates may not have to climb as much as expected to keep inflation in check. Powell’s comments come on the heels of recent indicators from Fed officials that the June rate decision could point to more of a cliffhanger than initially anticipated. In a week full of earnings from U.S. retailers that showed a pullback of discretionary consumer spending, Farfetch Limited (NYSE: FTCH) reported an increase of 8% in revenue for fiscal Q1 2023. The London-based luxury fashion retailer posted a narrower-than-expected quarterly loss and reiterated its gross merchandise volume outlook for the full-year. Shares soared above $15 a share in Friday morning trade. Berkshire Hathaway upped its stake in Occidental Petroleum Corp. (NYSE: OXY), raising its total stake above $12 billion to over 20% of the energy producer. At Berkshire’s annual shareholder meeting, Warren Buffett made clear that the Nebraska-based conglomerate has no intention of taking control of the company. Occidental shares hovered right below $60 a share ahead of the weekend.

Dow Jones Turns Lower As Debt-Ceiling Talks Stall. Sellers Smack Deere Despite Stellar Earnings.

Dow Jones Rises Ahead Of Powell Speech; Warren Buffett Boosts Stake In Occidental

Berkshire Hathaway raises stake in Occidental Petroleum, Farfetch stock surges

Occidental Stock Gains as Berkshire Buys Ups Stake to Nearly 25%

Warren Buffett's Berkshire Hathaway Ramps Up Stake In Occidental Petroleum Again, Weeks After Denying A Buyout