Latest news with #BeckyQuick
CNBC
18-07-2025
- Business
- CNBC
Chevron defeats Exxon in dispute over Guyana oil assets, clearing path for Hess acquisition
Chevron has prevailed against Exxon Mobil in a dispute over Hess Corporation's offshore oil assets in the South American nation of Guyana, Exxon CEO Darren Woods told CNBC's Becky Quick on Friday. The ruling by the International Chamber of Commerce in favor of Chevron clears a path for the oil major to complete its $53 billion acquisition of Hess Corporation. Chevron shares jumped about 3% in premarket trading.
CNBC
09-05-2025
- Business
- CNBC
Small business confidence falls in Q2 2025, survey finds
CNBC's Becky Quick breaks down the results from the latest CNBC | SurveyMonkey's Small Business Survey.
CNBC
05-05-2025
- Business
- CNBC
An options strategy that generates ‘yield' from Berkshire Hathaway shares
The S & P 500 total return, including dividends, is essentially unchanged since Nov. 4, the day before the presidential election. Given investors' attention to market volatility in those six months, that may surprise many investors. Asked by CNBC's Becky Quick at Berkshire Hathaway's annual meeting Saturday whether the company had deployed any of its enormous cash position, Warren Buffett responded that the recent move "is really nothing." Noting that Berkshire's stock price had declined 50% three times since he acquired the company, he pointed out that "this is not a huge move." The dramatic news instead was Buffett's announcement that he would step down as CEO at the end of the year . This marked a 60-year career as the head of the company and ended the longest and arguably the most notable S & P 500 CEO in history. He will be succeeded by Greg Abel, effective Jan. 1, 2026, though Buffett himself will remain as chairman . Some investors may be concerned about the company's future as "The Oracle of Omaha" steps down, but if you are considering selling your Berkshire shares, reconsider. Berkshire owns a diversified group of marquis companies and trades at a very similar multiple to the S & P 500. Both the stock and the benchmark trade between 24.5- 25.5x trailing earnings. The big difference between them is that Berkshire shares are 45% cash, whereas an S & P 500 "share" is about 10% net debt. In short, despite outperforming the S & P 500 this year, Berkshire shares are still attractive. Suppose you do not own the shares and want to deploy some capital. In that case, the only concern for investors who also like to see a bit of "yield" is that Berkshire does not return its enormous cash hoard to shareholders in the form of a dividend. Instead, it continues to hunt for investment opportunities or, when management views its shares as undervalued, it buys back stock. The trade While selling options premium is not a perfect substitute for dividends, it does provide a method to generate some "yield" from an underlying stock position that doesn't pay dividends. Stock purchasers can consider selling covered calls against their position to generate a bit of yield. For example, one could sell the June 20 expiration $570 calls and collect more than $5 per share, or almost 1% of the current stock price — a standstill yield of more than 7% with a 76% probability that those calls expire worthless. If you own a partial position, for example, you would consider purchasing more. But if you are eyeing lower levels, one could add a downside short put such as the June 500 puts, which would also collect ~$5 per share as of Friday's closing prices. If the stock fell below the $500 short put, one would be compelled to purchase 100 shares at that price, but net of the ~ $10 in premium collected. At that point, the effective purchase price would be $ 490 per share, a more than 9% discount to Friday's closing price. DISCLOSURES: None. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
CNBC
01-05-2025
- Business
- CNBC
CNBC to Exclusively Broadcast & Host Virtual Livestream of 2025 Berkshire Hathaway Annual Shareholders Meeting on May 3
ENGLEWOOD CLIFFS, N.J., May 1, 2025 – CNBC, First in Business Worldwide, will host the annual Berkshire Hathaway Shareholders Meeting taking place on Saturday, May 3. CNBC's broadcast of the meeting and livestream on and CNBC+ will begin at 8:30am ET. For the fourth year in a row, CNBC will be the only destination for viewers to watch the shareholder meeting and hear from Berkshire Hathaway Chairman and CEO Warren Buffett, Vice Chairman of Non-Insurance Operations Greg Abel and Vice Chairman of Insurance Operations Ajit Jain. A world-renowned event for the financial and investing community, CNBC will deliver unparalleled, wide-reaching public access to the event. CNBC's Becky Quick will lead the day's coverage live from inside the CHI Health Center in Omaha, Nebraska. Joined by CNBC Senior Markets Commentator Michael Santoli, the team will be sharing the latest insight and analysis in real time from Berkshire board members, managers and investors. Becky Quick will also curate questions from shareholders to ask of Warren Buffett during the Q&A sessions, which can be submitted to berkshirequestions@ CNBC Programming Schedule (: Once the meeting concludes, the Berkshire Hathaway Annual Meeting will be available to view on the Warren Buffett Archive, the digital home to the world's largest video collection of Warren Buffett speaking about business, investing, money and life. The Berkshire Hathaway Annual Shareholder Meeting tapes, provided to CNBC by Warren Buffett, serve as the foundation of the Warren Buffett Archive and other exclusive content, including CNBC interviews, curated short-form videos and more, is also available on the site. For more information on the Berkshire Hathaway broadcast and livestream, visit: MEDIA USAGE TERMS FOR BROADCAST: FOR ONLINE: Embeddable VOD clips will be available at: For more information contact: Jennifer Dauble CNBC t: 201.735.4721 m: 201.615.2787 e: Stephanie Hirlemann CNBC m: 201.397.2838 e: About CNBC: CNBC is the recognized world leader in business news, providing real-time financial market coverage and business content consumed by more than half a billion people per month across all platforms. The network's 15 live hours a day of news programming in North America (weekdays from 5:00 a.m. - 8:00 p.m. ET) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide. CNBC at night features a mix of reality programming, CNBC's highly successful series produced exclusively for CNBC and a number of distinctive in-house documentaries. CNBC also offers content through its vast portfolio of digital products such as: which provides financial market news and information to CNBC's investor audience; CNBC Make It, a digital destination focused on making you smarter about how you earn, save and spend your money; CNBC PRO, a premium service that provides in-depth access to Wall Street; a suite of CNBC mobile apps for iOS and Android devices; Amazon Alexa, Google Assistant and Apple Siri voice interfaces; and streaming services including Apple TV, Roku, Amazon Fire TV, Android TV and Samsung Smart TVs. Members of the media can receive more information about CNBC and its programming on the NBCUniversal Media Village Web site at For more information about NBCUniversal, please visit
