* U.S. consumer expectations sink to a near-decade low. * Nike (NKE) slips on downbeat quarterly revenue forecast. * Indexes down: Dow 1.56%, S&P 2.01%, Nasdaq 2.98% By Stephen Culp. NEW YORK, June 28 - Wall Street closed sharply lower in a broad sell-off on Tuesday as dire consumer confidence data dampened investor optimism and fueled worries over recession and the looming earnings season.
By Stephen Culp. Wall Street tumbled in a broad sell-off on Tuesday as dire consumer confidence data dampened investor optimism and fueled worries that the Federal Reserve's aggressive battle against inflation could tip the economy into recession. All three major U.S. stock indexes closed sharply lower, with the tech-laden Nasdaq declining the most.
* U.S. consumer confidence tumbles in June. * Nike (NKE) slips on downbeat quarterly revenue forecast. * Indexes down: Dow 1.09%, S&P 1.55%, Nasdaq 2.46% By Stephen Culp. NEW YORK, June 28 - Wall Street slid on Tuesday with early gains reversing to a broad sell-off on the heels of dire consumer confidence data, which dampened investor optimism and stoked recession fears.
* U.S. consumer confidence tumbles in June. * Disney (DIS) rises as Shanghai's Disneyland theme park to reopen. * Nike (NKE) slips on downbeat quarterly revenue forecast. * Indexes down: Dow 0.68%, S&P 1.06%, Nasdaq 1.82% By Shreyashi Sanyal and Amruta Khandekar.
* Big banks bask in post-stress test glory. * Disney (DIS) rises as Shanghai's Disneyland theme park to reopen. * U.S. consumer confidence tumbles in June. * Nike (NKE) slips on downbeat quarterly revenue forecast. * Dow adds 0.5%, S&P up 0.3%, Nasdaq down 0.2% By Shreyashi Sanyal and Amruta Khandekar.
Berkshire Hathaway Inc., through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses worldwide. It provides property, casualty, life, accident, and health insurance and reinsurance; and operates railroad…
Berkshire Hathaway Inc., through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses worldwide. It provides property, casualty, life, accident, and health insurance and reinsurance; and operates railroad systems in North America. The company also generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, liquefied natural gas facilities, and compressor and meter stations; and holds interest in coal mining assets. In addition, the company manufactures boxed chocolates and other confectionery products; specialty chemicals, metal cutting tools, and components for aerospace and power generation applications; flooring products; insulation, roofing, and engineered products; building and engineered components; paints and coatings; and bricks and masonry products, as well as offers manufactured and site-built home construction, and related lending and financial services. Further, it provides recreational vehicles, apparel products, jewelry, and custom picture framing products, as well as alkaline batteries; castings, forgings, fasteners/fastener systems, and aerostructures; and seamless pipes, fittings, downhole casing and tubing, and mill forms. Additionally, the company distributes televisions and information; franchises and services quick service restaurants; distributes electronic components; and offers logistics services, grocery and foodservice distribution services, and professional aviation training and shared aircraft ownership programs. It also retails automobiles; furniture, bedding, and accessories; household appliances, electronics, and computers; jewelry, watches, crystal, china, stemware, flatware, gifts, and collectibles; kitchenware; and motorcycle apparel and equipment. The company was incorporated in 1998 and is headquartered in Omaha, Nebraska.
ESG ratings enable you to leverage independent ESG research to evaluate how companies are managing ESG risks and addressing ESG opportunities.
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Environmental, Social, and Governance (ESG) Flags: MSCI Ratings publishes Environmental, Social and Governance (ESG) ratings on over 6,000 companies worldwide. These ratings provide an independent assessment of the sustainable investment value of public companies. The ESG Ratings model is based on a carefully crafted and applied list of KeyMetrics® that result in an overall ESG concern level as expressed by Red (High Concern), Yellow (Average Concern), and Green (Low Concern) flags. Unlike traditional ESG risk models, MSCI's rating methodology is designed to identify risks most likely to affect equity valuations. Specifically, these ratings reflect actual corporate behaviors rather than policies or affirmations of intent to adhere to best ESG practices. Further, unlike other models with evenly weighted metrics, we assign context-sensitive relative weightings to our key metrics, based on market, regional, ownership or sector differences. Individual company scores are then assigned as a percentile rank, ranging from 1 (worst ranked) to 100 (best) on the basis of these KeyMetrics® and then converted to the Red, Yellow or Green flag designation.
Company Reports: In addition to a company's overall risk rating, ESG reports also include an industry rating based on a comparison between the company's risk levels in each ESG component area relative to its industry peers. Further, the ESG analysis serves as a summary of behavioral events that contributed to the company's overall risk level.
The Equity Summary Score is an accuracy-weighted sentiment derived from the ratings of independent research providers on Fidelity.com. It uses the past relative accuracy of the providers in determining the emphasis placed on any individual opinion.
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† The Equity Summary Score provided by Thomson Reuters StarMine is current as of the date specified. There may be differences between the Equity Summary Score analyst count and the number of underlying analysts listed. Due to the timing in receiving ratings changes into the Equity Summary Score model, the Equity Summary Score analyst count may lag the ratings count displayed by one or more days. There may also be analyst count variations for symbols with multiple share classes and ADRs. More details on Equity Summary Score calculation are included in the Understanding and Using the Equity Summary Score Methodology (PDF).
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