Breaking News: Markets
Warren Buffett’s Berkshire Hathaway reveals major stake in HP Inc., tech stock soars 15%
Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles, California. May 1, 2021. Gerard Miller Warren Buffett’s Berkshire Hathaway has initiated a major stake in tech hardware stock HP Inc, becoming the largest shareholder in the PC and printer maker. Berkshire purchased nearly 121 million shares of HP, according to securities filings. That stake […]
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Japan stocks drop nearly 2% following declines on Wall Street
Asia-Pacific markets fell on Thursday following two days of declines on Wall Street. Source
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Stock futures are flat following a 2-day losing streak for the major averages
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, April 6, 2022. Brendan McDermid | Reuters Stock futures were flat in overnight trading Wednesday after a two-day losing streak for the major averages as investors digested the Federal Reserve’s plans to tighten monetary policy. Futures on the Dow Jones […]
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Fed officials plan to shrink the balance sheet by $95 billion a month, meeting minutes indicate
Federal Reserve officials discussed how they want to reduce their trillions in bond holdings at the March meeting, with a consensus amount around $95 billion, minutes released Wednesday showed. Officials “generally agreed” that a limit of $60 billion in Treasurys and $35 billion in mortgage-backed securities would be allowed to roll off, phased in over […]
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Stocks making the biggest moves midday: JetBlue, Eli Lilly, Occidental Petroleum and more
A JetBlue passenger jet (Embraer 190) taxis at LaGuardia Airport in New York, New York. Robert Alexander | Archive Photos | Getty Images Check out the companies making headlines in midday trading Wednesday. JetBlue — Shares of JetBlue fell another 7.6% on Wednesday, as investors weighed the airline’s $3.6 billion cash takeover offer to take […]
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We’re trimming tech stocks and an automaker because it never pays to fight the Fed
We’re making several more trims, targeting tech and an economically sensitive automaker due to our concerns about an aggressively hawkish Fed. Source
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European stocks fall amid hawkish Fed comments, new Russia sanctions; Stoxx 600 down 1.6%
LONDON — European markets declined on Wednesday against a backdrop of hawkish comments from U.S. Federal Reserve officials and further sanctions against Russia. The pan-European Stoxx 600 fell 1.6% by early afternoon trade, with autos dropping 3.5% to lead losses as all sectors and major bourses slid into negative territory. Fed Governor Lael Brainard said […]
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Stocks making the biggest moves premarket: Twitter, Spirit Airlines, Tilray and more
Check out the companies making headlines before the bell: Twitter (TWTR) – Twitter fell 1.5% in premarket trading, potentially breaking a three-day win streak that has seen it gain nearly 32%. Elon Musk – now Twitter’s largest shareholder – changed the type of SEC filing regarding his share purchase to show it was not “passive.” […]
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Asia-Pacific stocks set for lower start as 10-year U.S. Treasury yield surges
SINGAPORE — Shares in Asia-Pacific looked set for a lower start on Wednesday, following an overnight surge in the U.S. 10-year Treasury yield. The Nikkei futures contract in Chicago was at 27,550 while its counterpart in Osaka was at 27,565. That compared against the Nikkei 225’s last close at 27,787.98. Elsewhere, the SPI futures contract […]
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Stock futures inch higher ahead of Fed minutes release
Stock futures inched higher in overnight trading Tuesday as investors await the latest insights into the Federal Reserve’s policy tightening. Minutes from the Fed’s Tuesday meeting are slated for release Wednesday afternoon. Investors are bracing for new details about the Fed’s plan to reduce its balance sheet. Futures on the Dow Jones Industrial Average rose […]
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