Barrick Gold — Shares of the gold mining company surged more than 11% on Monday after Warren Buffett’s Berkshire Hathaway revealed a $562 million stake in the company. While the position is small for Berkshire, the conglomerate is the 11th largest shareholder of the gold mining company, according to FactSet.
Rackspace Technology — The cloud company saw its stock surge 10.3% after Reuters reported, citing sources, that Amazon is in talks to take a minority stake in Rackspace Technology. CNBC later confirmed that report through a source. Rackspace’s technology works in tandem with Amazon’s cloud business, Amazon Web Services and the partnership would help create greater synergies between the entities. Reuters first reported the news, citing sources familiar with the matter. Read more…..
Chart of the Day
Jeff Tucker, Zillow Economist, joins The Final Round panel to break down the record high number for the Homebuilders Confidence report and expectations for the housing market moving forward.