Articles by Daniel Marsh
Berkshire Hathaway Finalizes Succession: Howard Buffett Named Chairman, Abel Remains CEO
Berkshire Hathaway finalizes its succession plan, with Howard Buffett taking the chairman role and Warren Buffett becoming chairman emeritus, while Greg Abel continues as CEO.
Meritage Hospitality Enters Chapter 11; MHGU Plunges
Meritage Hospitality Group files for Chapter 11 without revealing DIP financing details. MHGU shares fell 19% pre-announcement, leaving investors in limbo.
Christmas Central Parent Gordon Companies Files Chapter 11
Gordon Companies, parent of Christmas Central, filed Chapter 11 amid seasonal peak, with liabilities up to $50M, planning to continue operations.
DraftKings Stock Plunges 7.6% as DKeX Trails Rivals in NFL Week 1
DraftKings shares fell 7.6% as its DKeX exchange lagged far behind Kalshi in NFL Week 1 prediction-market volume, raising concerns about its competitive position.
Gasoline Surges 17 Cents as Fed's Inflation Fight Faces New Test
U.S. gasoline prices hit $4.47, up 17 cents in a week, complicating the Fed's inflation fight after its rate hike. Investors eye CPI data and the Fed's October meeting.
Futures Rise as Oil Retreats, Fed Rate Path in Focus
U.S. stock futures extended gains Friday as oil prices fell, but the Fed's projected rate path keeps pressure on long-duration shares.
NewC Challenges Ticketmaster's São Paulo Stadium Deal with R$500M Plan
NewC has presented a rival R$500 million fund proposal for São Paulo FC's MorumBIS stadium, challenging Ticketmaster's ticketing deal. The move adds uncertainty for Live Nation (LYV) in Brazil.
NAB Eyes HSBC Australia Deposits as Stock Dips 1.4%
NAB is among potential buyers reviewing HSBC Australia's deposit book, but missing terms and broader sector declines leave investors cautious.
Twitch CEO Predicts GTA VI Multiplayer in 2027, Rockstar Silent
Twitch CEO Dan Clancy expects GTA VI multiplayer in 2027, but Rockstar hasn't confirmed. The gap creates uncertainty for Take-Two's forecasts.
Rocket Companies Faces Investor Skepticism as Mortgage Rates Rebound
Rocket Companies (RKT) shares dropped 2.9% as mortgage rates rose to 6.95%, raising concerns about origination volume despite a $2 trillion servicing book.
Amazon's Prime Big Deal Days to Test Retail Margins Amid Shipping Cost Pressures
Amazon's Prime Big Deal Days kicks off Oct 6-7, testing whether higher-margin revenue streams can offset shipping cost pressures and preserve the 7.9% North America operating margin.
UK Minimum Wage Set at £12.71 for 2026; £13.18 Is a 2027 Projection
The UK’s adult minimum wage is £12.71 an hour in 2026. A £13.18 figure often cited is a 2027 projection, not law. Investors should assess payroll impact.