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The Oracle of Omaha knows how to beat inflation. So ride his coattails.
Infamous investor Michael Burry of "The Big Short" has bet against Apple ( ), according to a SEC filing. During the first quarter, Burry, a hedge fund investor who is known for predicting and profiting from the housing bubble and subprime mortgage crisis by betting against collaterized debt obligations or CDOs during the mid 2000s, stocked up on Alphabet ( ), Meta Platforms (FB), and Discovery ( ) for Scion Asset Management. The hedge fund owned bearish put options against 206,000 Apple shares as of March 31.
Editor-in-chief MJ Day explains why Kim K. was a fit for the cover.
Berkshire Hathaway Inc on Monday said it added new investments in Citigroup Inc and several other companies in the first quarter, as Warren Buffett's conglomerate took advantage of volatile stock markets to invest $51.1 billion that had largely been sitting in cash. In a regulatory filing describing its U.S.-listed equity investments as of March 31, Berkshire reported new stakes in Ally Financial Inc, chemicals and specialty materials company Celanese Corp, insurance holding company Markel Corp, drug distributor McKesson Corp and Paramount Global, formerly known as ViacomCBS.
“Why did they delay their response? I think in retrospect, yes, it was a mistake."
(Bloomberg) -- SpaceX employees are offering to sell shares via a private placement that would value Elon Musk’s launch and satellite company at around $125 billion, according to people familiar with the matter.Most Read from BloombergMeet the Hedge-Fund Manager Who Warned of Terra’s $60 Billion ImplosionOmicron Is Turning Out to Be a Weak VaccineU.S. Stocks Extend Losses in Late Session Selloff: Markets WrapOne-Time Richest Singapore Tycoon Has Lost 80% of His FortuneGoldman’s Blankfein Says US
The Dow Jones index finished last week with a modest loss, even after a late-week rally in Friday’s session. It marked the seventh week in a row that the Dow posted a weekly loss, it’s longest such streak in two decades. That capped a brutal season of market losses, all across the board. The S&P 500 is down 16% this year, and the NASDAQ, with a year-to-date loss of 25%, is into bear market territory. Investors have been giving conflicting sets of reactions to the market’s fall. Coming at it from
All stocks have bad days at least once in a while, but Monday for Tonix Pharmaceuticals (NASDAQ: TNXP) was one of the ugliest trading sessions in its history. The company's stock lost nearly one-third of its value after the company announced a financial engineering move that sent investors scrambling for the exits. Tonix announced Monday afternoon that it is effecting a 1-for-32 reverse split of its common stock.
Warren Buffett’s Berkshire Hathaway has used the recent markets slump as an opportunity to ramp up spending on stocks.
Get Occidental Petroleum Corporation Report). Through the end of 2021, Berkshire Hathaway ( (BRK.A) - Get Berkshire Hathaway Inc. Class A Report had amassed a large amount of cash, increasing speculation on the CEO's plans for the company. The conglomerate had $146.72 billion and after buying up insurance company Alleghany Corp ( ) for $11.6 billion, it also spent millions to rack up shares of Occidental, HP ( ) and Chevron ( ).
Warren Buffett's company on Monday revealed all the investment moves it made in the first quarter, when it spent more than $51 billion on stocks.
The rout in the financial markets raises questions about the ability of upstart companies to raise funds.
As companies flee Russia after its invasion of Ukraine, tens of thousands of their Russian employees are feeding a growing jobs crisis in the country.
Shares of Sea Limited (NYSE: SE), a digital entertainment and e-commerce company, were tumbling today likely for two reasons. First, some investors have grown increasingly pessimistic about high-growth stocks, especially in the tech sector, because of worries about the U.S. economy. Additionally, some Sea investors are likely selling today ahead of the company's first-quarter financial results, which Sea will announce before the market opens tomorrow.
Nvidia GPUs power self-driving cars and cloud gaming, with the chip giant also expanding fast in the metaverse. Is Nvidia stock a buy or sell?
If it were up to iconic investor and short-seller George Soros to pick the winners of automotive electrification, General Motors would have a lot to worry about. The legacy carmaker is however doing everything to be one of the major players in the very lucrative segment of electric vehicles. GM seems to have a vehicle in each segment to compete with.
Investors are facing a confusing environment, with long- and short-term signals sending different messages. Inflation remains stubbornly high, above an 8% annualized rate, and the Federal Reserve has made it clear that additional interest rate hikes are in the offing. Stocks are well off their highs, and despite last Friday's gains, the S&P 500 and the Nasdaq posted their sixth consecutive weekly loss. But there are positives, too. The 1Q22 earnings season gave an upbeat vibe, as more than three
"The obvious precedent is FDIC insurance (up to $250,000 per person)," Vitalik Buterin tweeted, adding that he “strongly supports” helping the “average UST smallholder."
Everyone celebrated the arrival of institutional investors to the bitcoin market as their rising adoption helped send prices soaring. Now, with correlations to traditional markets at an all-time high, fingers are pointing over the market swoon.
Shares of the e-commerce platform company Shopify (NYSE: SHOP) were sliding today, on seemingly no company-specific news. Instead, investors were likely continuing to fear that high inflation and interest rate hikes by the Federal Reserve could slow down the economy. Investors have grown increasingly concerned that the Fed won't be able to pull off a so-called soft landing for the economy as it raises the federal funds rate to tamp down inflation, which is running at a nearly 40-year high.
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