Tag: Stock markets

2024-10-15

Warren Buffett’s Berkshire Hathaway hikes SiriusXM stake to 32%

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Business

Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024.  David A. Grogan Warren Buffett’s Berkshire Hathaway continued to increase its stake in SiriusXM, now owning 32% of the New York-based satellite radio company. The Omaha, Nebraska-based conglomerate purchased roughly 3.6 million shares for about $87…

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2024-10-14

TSLA, WFC, JPM, FAST and more

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Business

Check out the companies making headlines in midday trading: Tesla — Shares of the electric vehicle maker tumbled nearly 9% after its robotaxi event underwhelmed investors . Morgan Stanley analysts noted that the event “overall disappointed expectations” due to a lack of details in several areas, including how the company is going to compete against ride-sharing companies, such as…

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2024-10-12

Berkshire slashes Bank of America stake to under 10%

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Business

Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024.  David A. Grogen | CNBC Warren Buffett’s Berkshire Hathaway has reduced its stake in Bank of America to below 10% amid a selling spree that started in mid-July. In a Thursday night filing with the U.S. Securities and Exchange…

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2024-10-07

Outlook for October 7-11, 2024

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Business

The rocky start to October trading has left Wall Street wondering what can boost stocks in the near-term. The three major averages eked out modest gains after a wobbly week. The Dow Jones Industrial Average and Nasdaq Composite each added 0.1% on the week, while the S & P 500 rose 0.2%. Stocks struggled this week as rising tensions…

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2024-10-06

No more half-point rate cuts

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Business

Well, that was unexpected. The U.S. economy added a whopping 254,000 jobs in September, nearly 100,000 more than economists expected. The unemployment rate, which was expected to hold steady at 4.2%, slipped to 4.1%. Wages also rose more than expected month over month. Stock futures rallied following the news. Dow Jones Industrial Average futures popped 255 points, or 0.6%….

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2024-09-28

Trump Media shareholder UAV sold nearly 11 million shares

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Business

United Atlantic Ventures, a significant shareholder in Trump Media, has sold nearly 11 million shares in the company, according to a regulatory filing Thursday, weeks after a federal judge cleared the way for the transaction. The move left UAV — an investment partnership of former “Apprentice” contestants Andrew Litinsky and Wes Moss — owning just 100 shares in Trump…

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2024-09-15

Adobe shares fall 8% on weak fourth-quarter guidance

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Business

Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor at the New York Stock Exchange in New York City, Feb. 20, 2024. Brendan Mcdermid | Reuters Shares of Adobe closed down more than 8% on Friday, a day after the software company released third-quarter results that offered worse-than-expected guidance for the fourth quarter. Adobe reported $5.41 billion…

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