The US markets rebounded on Thursday after two sessions of losses as oil prices declined to around the same levels they were before Russia invaded Ukraine. HP shares soared almost 15% on Thursday after Warren Buffett?s Berkshire Hathaway became the largest shareholder in the company with an 11% stake after buying around 121 million shares in the computing technology company. A spotlight on Levi Strauss & Co. as shares in the jeans-maker dropped despite the company reporting strong first quarter results. For the period, Levi?s reported earnings per share and revenue that topped market expectations; however, investors sold out of Levi shares after the company said supply chain constraints hurt sales by around 60 million US dollars during the first quarter. Just days after Elon Musk announced his more than 9% stake in Twitter & joining the board of directors of the social media company, new reports out of the Washington Post allege Mr Musk was 11 days late in publicly declaring his purchase of stock in Twitter, and will possibly face a battle with the SEC for his late declaration.
VIDEO: HP soared 15% on Berkshire Hathaway becoming largest shareholder in the business
Video Player is loading.