Day: November 2, 2024
The race to sustainability: Inside Formula One’s biggest challenge yet
Can Formula 1 ever be green? CNBC’s “Inside Track: The Business of Formula One” takes you inside F1’s race to sustainability, the sport’s biggest challenge yet. Formula One is a global sport with a hefty carbon footprint. “When you think about F1, you think about speed, you think about innovation, you think about efficiency,” Ellen […]
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Harris defends CHIPS Act after House Speaker Johnson suggests GOP would try to repeal law
Speaker of the House Mike Johnson and Vice President Kamala Harris stand in the House of Representatives ahead of US President Joe Biden’s third State of the Union address to a joint session of Congress in the US Capitol in Washington, DC, USA, 07 March 2024. SHAWN THEW/Pool via REUTERS Shawn Thew | Via Reuters […]
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Companies brace for Tuesday: Mentions of election surge on earnings conference calls
Voters walk to cast their ballots during early voting in the presidential election at a polling station at the C. Blythe Andrews, Jr. Public Library in Tampa, Florida, U.S., November 1, 2024. Octavio Jones | Reuters Executives at America’s largest companies are talking publicly with investors about the presidential election more so than in recent […]
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Warren Buffett is selling down his stocks. Here are his top 5 holdings
Warren Buffett turned heads as he dumped another big portion of his Apple stake, and here’s where his top holdings stood at the end of the third quarter. Berkshire Hathaway disclosed in its earnings report that approximately 70% of its equity portfolio was concentrated in just five stocks — Apple, Bank of America , Coca-Cola […]
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Berkshire Hathaway’s cash fortress tops $300 billion as Buffett sells more stock, freezes buybacks
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 3, 2024. David A. Grogen | CNBC Berkshire Hathaway‘s monstrous cash pile topped $300 billion in the third quarter as Warren Buffett continued his stock-selling spree and held back from repurchasing shares. The Omaha-based conglomerate saw its […]
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The next U.S. president could inherit a booming economy. That’s a daunting challenge.
Republican presidential nominee and former U.S. President Donald Trump holds a campaign rally at Macomb Community College in Warren, Michigan, U.S., November 1, 2024 (L), and Democratic presidential nominee U.S. Vice President Kamala Harris speaks during a campaign event in Atlanta, Georgia, U.S., October 19, 2024. Reuters A flurry of remarkably good economic news over […]
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Warren Buffett continued to sell down his Apple stake, cutting about a quarter in the third period
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 4, 2024. CNBC Warren Buffett sold another big chuck of his Apple stake, downsizing Berkshire Hathaway‘s biggest equity holding for four quarters in a row. The Omaha-based conglomerate held $69.9 billion worth of Apple shares at the end of September, […]
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Google’s cloud outpaces rivals in third quarter as AI battle heats up
Alphabet CEO Sundar Pichai speaks at the Munich Security Conference at the Hotel Bayerischer Hof in Munich, Germany, on February 16, 2024. Tobias Hase | Picture Alliance | Getty Images With Wall Street laser focused on cloud computing this week, Google outpaced its rivals in growth, a key sign for investors that the internet company […]
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Halloween to holidays: How Disney turns over its parks between its two most important seasons
A staple of Disney’s theme park’s celebrations, the giant Mickey pumpkin statue towers over guests on Main Street. Disney It’s time for Disney parks to swap pumpkins for poinsettias. In the thick of its busiest season, Disney’s domestic theme parks have already begun to transition from Halloween decorations to Christmas colors. The transformation starts to […]
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UK’s Conservatives name Kemi Badenoch as new leader, shifting the party further to the right
Conservative leadership contender Kemi Badenoch delivers a speech on the final day of Conservative party conference at Birmingham ICC Arena on October 2, 2024 in Birmingham, England. Dan Kitwood | Getty Images News | Getty Images LONDON — The U.K.’s opposition Conservative Party on Saturday named right-wing Kemi Badenoch as its new leader, closing a […]
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