Stanley Druckenmiller cut his Nvidia stake in late March, says AI may be a bit overhyped short term
Tue, 07 May 2024 15:26:29 GMT
Druckenmiller said he reduced his Nvidia bet after "the stock went from $150 to $900." ....
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Citigroup CEO Jane Fraser says low-income consumers have turned far more cautious with spending
Mon, 06 May 2024 19:45:25 GMT
Citigroup CEO Jane Fraser joined CNBC's Sara Eisen on Monday for an interview on the economy. ....
Buffett's Berkshire Hathaway gains as insurance lifts first-quarter profit and cash nears $200 billion
Mon, 06 May 2024 15:39:51 GMT
The Oracle of Omaha's massive conglomerate posted robust earnings, driven by strong insurance underwriting gains as well as higher Treasury yields. ....
Buffett says Berkshire sold its entire Paramount stake: 'We lost quite a bit of money'
Sat, 04 May 2024 20:17:26 GMT
"I was 100% responsible for the Paramount decision," Buffett said. "It was 100% my decision, and we've sold it all and we lost quite a bit of money."....
Warren Buffett says Greg Abel will make Berkshire Hathaway investing decisions when he's gone
Sat, 04 May 2024 19:06:09 GMT
"I would leave the capital allocation to Greg and he understands businesses extremely well," Buffett said at Berkshire's annual meeting. ....
Warren Buffett says Berkshire Hathaway is looking at an investment in Canada
Sat, 04 May 2024 17:09:47 GMT
The Oracle of Omaha noted that he is 'confident' in placing bets in the country. ....
'A lot of money on the sidelines': Calamos Investments thinks ETFs should target CD, money market customers
Sat, 04 May 2024 15:00:01 GMT
There may be an untapped market for exchange-traded funds.....
Berkshire Hathaway operating earnings soar 39% as Buffett's cash hoard swells to record $188 billion
Sat, 04 May 2024 15:45:09 GMT
Berkshire Hathaway reported a huge year-over-year increase in operating earnings in the first quarter, while its cash holdings bubbled to record levels. ....
Berkshire cuts Apple investment by about 13%, Buffett hints that it's for tax reasons
Sat, 04 May 2024 16:29:50 GMT
Berkshire reported that its Apple bet was worth $135.4 billion, implying around 790 million shares. That would mark a decline of around 13% in the stake.....
Warren Buffett’s shopping extravaganza kicks off with Squishmallows pit, 'Poor Charlie’s Almanack'
Tue, 07 May 2024 18:06:44 GMT
The Oracle of Omaha's annual event kicked off with wares from See's Candies to the latest Squishmallows of Warren Buffett and Charlie Munger.....
Berkshire Hathaway’s big mystery stock wager could be revealed soon
Sat, 04 May 2024 13:53:57 GMT
Warren Buffett's bet, shrouded in mystery, has captivated Berkshire Hathaway investors since first appearing in disclosures late last year.....
Talent war between family offices and Wall Street drives up salaries
Fri, 03 May 2024 15:46:41 GMT
Wealthy families are spending an average of $3 million to run their family offices, according to a J.P. Morgan Private report, and the biggest cost is staffing.....
First Berkshire Hathaway annual meeting without Charlie Munger: What to expect from Warren Buffett
Sat, 04 May 2024 13:36:28 GMT
The absence of Charlie Munger will be on everyone's mind when Berkshire Hathaway's annual shareholder meeting kicks off Saturday in Omaha.....
'Trader justice': Ex-SocGen trader fired for risky bets claims he was made a 'scapegoat'
Fri, 03 May 2024 12:12:10 GMT
A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a "scapegoat."....
China's automakers must adapt quickly or lose out on the EV boom in the face of regulatory scrutiny abroad and competition at home
Fri, 03 May 2024 10:13:21 GMT
Adoption of battery and hybrid-powered cars has surged in China, but an onslaught of new models has fueled a price war, while regulatory scrutiny grows abroad.....
Here's what changed in the new Fed statement
Wed, 01 May 2024 18:09:48 GMT
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in March.....
Fed keeps rates steady as it notes 'lack of further progress' on inflation
Wed, 01 May 2024 19:28:04 GMT
With the decision to hold the line on rates, the committee noted a "lack of further progress" in getting inflation back down to the central bank's 2% target.....
Why hundreds of U.S. banks may be at risk of failure
Wed, 01 May 2024 15:53:15 GMT
Of about 4,000 banks, 282 banks face threats from commercial real estate and higher interest rates, according to a study by Klaros Group.....
NYCB shares jump 30% after CEO gives two-year plan for 'clear path to profitability'
Wed, 01 May 2024 15:26:41 GMT
CEO Joseph Otting took over NYCB in April after an investor group led by former Treasury Secretary Steven Mnuchin injected more than $1 billion into the lender.....
Bitcoin extends its slide to start May, falling to $57,000 as Fed leaves rates unchanged
Wed, 01 May 2024 20:04:48 GMT
Bitcoin slid to its lowest level in over two months to kick off May, as the Federal Reserve held interest rates steady.....
New Calamos ETF promises ‘100% downside protection.’ Here's how it works
Tue, 30 Apr 2024 23:07:28 GMT
“There’s no tricks. There’s no magic. This is the secret sauce,” Calamos Investments’ Matt Kaufman said.....
Stocks making the biggest moves after hours: Amazon, Starbucks, Pinterest, Advanced Micro Devices and more
Tue, 30 Apr 2024 21:14:08 GMT
These are the stocks posting the largest moves in extended trading.....
This is the level where the 10-year Treasury yield becomes a 'clear problem' for stocks, Goldman study shows
Tue, 30 Apr 2024 18:30:59 GMT
Goldman said that when the 10-year Treasury yield hits 5%, the correlation between bond yields and stocks turns negative.....
HSBC beats expectations in first-quarter earnings; CEO Noel Quinn to retire
Tue, 30 Apr 2024 14:35:44 GMT
The company also announced the surprise retirement of Group Chief Executive Officer Noel Quinn.....
Musk makes surprise visit to Beijing as Tesla's China-made cars pass data security rules
Mon, 29 Apr 2024 11:59:04 GMT
Local authorities removed restrictions on Tesla cars after the company passed China's data security requirements, the automaker said Sunday.....
‘This is a unique time’: ARK Invest’s chief futurist tackles tech innovation from AI to robotics
Sat, 27 Apr 2024 15:00:01 GMT
ARK Invest's chief futurist Brett Winton lists five groups in the heart of tech innovation.....
Miami is 'ground zero' for climate risk. People are moving to the area and building there anyway
Fri, 26 Apr 2024 14:27:20 GMT
Miami is undergoing a boom despite a high vulnerability to sea level rise, floods and more intense storms. Residents may face financial hardship. ....
Trump advisors are considering plans to dramatically revamp the Fed, WSJ report says
Fri, 26 Apr 2024 13:05:30 GMT
Trump's political operatives are putting together a plan that would give him unprecedented influence over the Fed, the report states.....
Chinese EV start-ups Nio and Xpeng turn to the mass market for growth
Fri, 26 Apr 2024 09:59:20 GMT
Chinese electric car start-ups Nio and Xpeng are turning to a lower-priced segment of the market with plans to release newly-branded cars this year.....
Why ARK Invest thinks it’s an 'amazing time' to invest in cutting-edge tech
Thu, 25 Apr 2024 23:00:01 GMT
ARK Invest's Brett Winston is betting big on private tech companies for long-term gains.....