Finance
Berkshire investors hope for Buffett’s guidance at annual meeting with tariffs shaking markets, economy
In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett and Greg Abel during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBC Warren Buffett has been mum about tariffs and the recent market turmoil, but will finally speak his mind when the 94-year-old investment legend kicks off Berkshire […]
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‘Large number of foreign investors’ skittish about investing in America, longtime investor Rebecca Patterson warns
Fast Money ‘Large number of foreign investors’ skittish about investing in America, longtime investor Rebecca Patterson warns Published Fri, May 2 20257:28 AM EDT Anna Gleason@anna_gle WATCH LIVE Source
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U.S. tariff uncertainty puts China-made Christmas presents in question
Key Points As Chinese factories and their U.S. buyers try to navigate tariff uncertainty, there are concerns about whether Christmas merchandise will be able to hit the shelves stateside in time. For example, electronic products need to be shipped out of China by early September to hit U.S. shelves right after the Thanksgiving holiday at […]
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Stocks making the biggest moves after hours: Apple, Amazon, Airbnb, Block and more
Check out the companies making headlines in extended trading: Apple — The iPhone maker shed 2% after its closely watched Services division performed below expectations in the fiscal second quarter. Services revenue came in at $26.65 billion, lower than the $26.70 billion analysts surveyed by StreetAccount anticipated. Overall earnings and revenue during the period beat […]
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Stocks making the biggest moves midday: Meta Platforms, Qualcomm, Eli Lilly, CVS Health and more
Check out the companies making headlines in midday trading: Meta Platforms — Shares of the Facebook parent jumped about 4% after the company beat earnings expectations . Meta signaled ongoing advertising resilience and upped its capital expenditures range to reflect more data center infrastructure investments, even amid macroeconomic uncertainty. The company also issued in-line guidance […]
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Musk says ‘eyebrow-raiser’ $2.5 billion Fed building expansion should be subject to scrutiny
Key Points As he exits his efforts to curtail wasteful government spending, Elon Musk tis taking one last shot, calling into question the $2.5 billion Federal Reserve building renovation. Musk’s DOGE claims to have saved taxpayers $160 billion during its short operating life looking through the government’s books. Source
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Gold ETF investors may be surprised by their tax bill on profits
Key Points The IRS treats gold and other precious metals as collectibles for tax purposes. The same is true of exchange-traded funds backed by physical gold. Collectibles have a 28% top federal tax rate for long-term capital gains. Stocks have a maximum rate of 20%. Many investors in popular gold funds — like SPDR Gold […]
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Stocks making the biggest moves premarket: Microsoft, CVS Health, Meta Platforms, Qualcomm and more
Check out the companies making headlines before the bell. Microsoft — The tech giant jumped nearly 9% after beating Wall Street’s earnings and revenue expectations driven by its Azure cloud business. Microsoft issued strong guidance for the year. Meta Platforms — Shares popped 6% after the social media company reported first-quarter earnings of $6.43 on […]
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Stocks making the biggest moves after hours: Microsoft, Meta Platforms, Amazon, MGM Resorts and more
Check out the companies making headlines in extended trading: Microsoft — Stock in the technology behemoth climbed more than 6% on the heels of better-than-expected third-quarter results on the top and bottom lines. Microsoft earned $3.46 per share on revenue of $70.07 billion, while analysts polled by LSEG were looking for a profit of $3.22 […]
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Stocks making the biggest moves midday: Nike, Starbucks, GE HealthCare and more
Check out the companies making headlines in midday trading: Etsy — The e-commerce company saw shares tumbling 9%. Etsy Chief Financial Officer Lanny Baker said the company is “staying nimble in the face of uncertainty” around the tariff announcements and “the fluid state of consumer confidence in our core markets. Separately, Etsy posted better-than-expected revenue for […]
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