Bank of America Corp
Block’s 30% plunge in February leads fintech selloff, while Stripe shows benefit of staying private
Patrick Collison, chief executive officer and co-founder of Stripe Inc., left, smiles as John Collison, president and co-founder of Stripe Inc., speaks during a Bloomberg Studio 1.0 television interview in San Francisco, California, U.S., on Friday, March 23, 2018. Bloomberg | Bloomberg | Getty Images Stripe has once again shown why sometimes it’s better to […]
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Stocks making the biggest moves midday: Krispy Kreme, Chegg, Zoom Communications and more
Check out the companies making headlines in midday trading. Solventum — Shares surged roughly 10% after the health-care company announced it would sell its purification and filtration business to Thermo Fisher Scientific for $4.1 billion. The transaction is expected to wrap up by the end of 2025. Sempra — The utility stock plunged 20%. Sempra […]
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Warren Buffett amasses more cash and sells more stock, but doesn’t explain why in annual letter
Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024. David A. Grogen | CNBC The mystery over Warren Buffett’s surprisingly defensive stance deepened over the weekend. The 94-year-old CEO of Berkshire Hathaway sold more stocks in the latest quarter and grew […]
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Warren Buffett’s eagerly anticipated annual letter lands Saturday. Here’s what to expect
Warren Buffett is about to address shareholders and countless admirers following a series of market-moving events — a fresh trade war, devastating wildfires as well as a shocking stock-selling spree at his own Berkshire Hathaway . The 94-year-old “Oracle of Omaha’s” must-read annual letter will be released Saturday at 8 a.m. ET along with Berkshire’s […]
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Dan Sundheim’s D1 Capital sells Bank of America and Microsoft in the fourth quarter, buys 3M
Hedge fund D1 Capital sold some of its blue-chip positions during the fourth quarter and added some stocks that have been hot to start 2025, according to a securities filing. The quarterly report shows Daniel Sundheim’s fund exited several positions, including Bank of America and Microsoft , and also reduced its stake in Amazon . […]
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Crypto and Trump gang up on FDIC over debanking: ‘Our story is pretty ridiculous’
A US Postal Service worker outside a Signature Bank branch in the Brooklyn borough of New York, US, on Wednesday, March 15, 2023. Angus Mordant | Bloomberg | Getty Images Anchorage Digital CEO Nathan McCauley wants everyone to know what happened to his crypto company in 2023 during the Biden administration. “Our story is pretty […]
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Bank of America CEO on inflation impact on U.S. economy: ‘Rates are going to stay where they are’
Bank of America CEO Brian Moynihan said Wednesday that strong consumer spending so far this year means the Federal Reserve will probably hold off on cutting its benchmark interest rate. The bank’s retail customers are spending about 6% more money in the first 40 days of this year compared with the same period in 2024, […]
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Zelle payments top $1 trillion in 2024 as network’s growth outpaces rivals including PayPal
Key Points Zelle crossed $1 trillion in total volumes last year, which it said was the most ever for a peer-to-peer platform. The payments network said its user base jumped 12% to 151 million accounts in 2024, and that the total dollars sent on the platform jumped 27% from the year earlier. Zelle was launched […]
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Battery giant CATL files for Hong Kong listing in what could be city’s largest IPO since 2021
CATL is the world’s largest electric vehicle battery maker and supplier to the likes of Tesla and Ford. Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images China’s Contemporary Amperex Technology (CATL), the largest electric vehicle battery producer in the world, has filed for listing on Hong Kong’s stock exchange, potentially making it the […]
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A complete guide to value investing — how Warren Buffett made his money
Warren Buffett has long been a proponent of value investing — and those principles have helped him amass a personal fortune of around $150 billion . It’s an investing approach that means taking the long view, holding your nerve and avoiding risky behavior — philosophies Buffett learned from economist Benjamin Graham’s 1949 book, “The Intelligent […]
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