Yun Li

4 days ago | cnbc.com | Yun Li

Warren Buffett's advice for investors in times of violent volatility rings especially true today: Keep your cool, and you will be rewarded in the long run. The Oracle of Omaha once offered his view on the dramatic market rout in 1974, driven by rising inflation, an oil crisis and political instability surrounding the Watergate scandal. At the end of 1974, the Dow Jones Industrial Average was more than cut in half, down 52% from its 1972 peak, as stocks tumbled into a vicious bear market.

6 days ago | cnbc.com | Michael Wayland |Yun Li

Hertz Global CEO Gil West is "encouraged" and "energized" by prominent investor Bill Ackman taking a "significant" position in the post-bankrupt rental car company, he said Friday in an internal message to employees viewed by CNBC. The remarks, part of a weekly CEO message to employees, come two days after Ackman's Pershing Square disclosed a sizable stake in Hertz — pushing shares of the car rental company to more than double during trading this week and close Thursday at $8.24 per share.

1 week ago | nbcnewyork.com | Michael Wayland |Yun Li

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1 week ago | cnbc.com | Yun Li |Michael Wayland

Bill Ackman's Pershing Square took a sizable stake in Hertz, the rental-car company that exited from bankruptcy four years ago, sparking a big rally. Shares of Hertz surged 56% on Wednesday after a regulatory filing revealed Pershing Square had built a 4.1% position as of the end of 2024. Pershing has significantly increased the position — to 19.8% — through shares and swaps, becoming Hertz' second largest shareholder, a person familiar with the matter told CNBC's Scott Wapner.

1 week ago | cnbc.com | Yun Li

Bargain hunters might be disappointed as tariff-triggered market crash didn't necessarily make stocks much cheaper, according to Ned David Research. The S & P 500 briefly fell into bear market territory, or 20% off its record high, after President Donald Trump announced shocking tariffs. The benchmark has recouped some of the losses, trading 12% below its February peak.