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Stocks making the biggest moves premarket: Trump Media, Talen, Nvidia, Apple and more
Check out the companies making headlines before the bell. Talen Energy – The independent power company tumbled more than 8% after the Federal Energy Regulatory Commission rejected a request to increase the amount of power the Susquehanna nuclear plant can dispatch to an Amazon data center campus. Talen owns the nuclear plant and sold the […]
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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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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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Nvidia to join Dow Jones Industrial Average, replacing rival chipmaker Intel
CEO of Nvidia, Jensen Huang, speaks during the launch of the supercomputer Gefion, where the new AI supercomputer has been established in collaboration with EIFO and NVIDIA at Vilhelm Lauritzen Terminal in Kastrup, Denmark October 23, 2024. Ritzau Scanpix | Mads Claus Rasmussen | Via Reuters Nvidia is replacing rival chipmaker Intel in the Dow […]
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Apple to buy Pixelmator, the iPhone image editing app with AI features
Peopl walk outside Steve Jobs Theater at the Apple Park campus before Apple’s “It’s Glowtime” event in Cupertino, California, on Sept. 9, 2024. Nic Coury | AFP | Getty Images Apple will buy Pixelmator, the creator of image editing apps for Apple’s iPhone and Mac platforms, Pixelmator announced Friday in a blog post. Pixelmator, a […]
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Stocks making the biggest moves midday: Intel, Amazon, Boeing, Chevron and more
Check out the companies making headlines in midday trading: Cardinal Health — The health-care services provider gained 5.5%, hitting a new 52-week high, after Cardinal exceeded fiscal first-quarter earnings expectations and lifted its adjusted earnings outlook for fiscal 2025. The company posted earnings of $1.88 per share, excluding items, on revenue of $52.28 billion. Analysts […]
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Amazon shares jump 7%, approach record after earnings beat
Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022. David Paul Morris | Bloomberg | Getty Images Amazon shares jumped 7% on Friday and neared an all-time high after the company reported better-than-expected earnings, driven by growth in its cloud computing and advertising businesses. The stock is […]
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Apple commits $1.5 billion to Globalstar for expanded iPhone satellite services
Apple committed about $1.5 billion to satellite communications company Globalstar to fund the expansion of iPhone services, the companies disclosed in a securities filing on Friday. The tech giant’s deal with Globalstar includes $1.1 billion in cash, of which $232 million will go toward the satellite company’s current debt, and a 20% equity stake. The […]
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Stocks making the biggest moves premarket: Amazon, Apple, Atlassian and more
Check out the companies making headlines before the bell. Amazon — The e-commerce giant popped 7% after posting stronger-than-expected earnings and robust cloud and advertising growth. Revenues for its Amazon Web Services grew 19% on a year-over-year basis. Apple — Shares dropped 1.6% even after the technology giant surpassed top-and-bottom line estimates for the recent […]
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