Wall Street
Warren Buffett’s Berkshire Hathaway hikes its SiriusXM stake to 32% after Liberty deal
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. Grogan Warren Buffett’s Berkshire Hathaway continued to increase its stake in SiriusXM, now owning 32% of the New York-based satellite radio company. The Omaha, Nebraska-based conglomerate purchased roughly 3.6 million […]
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Pro-Palestine protestors cause disturbance outside the New York Stock Exchange
Key Points There was no disruption to trading and none of the protestors appeared to make it to the historic trading floor. NYSE security fences off a perimeter area outside of the exterior of the building on Broad Street in lower Manhattan. Chants such as “we want housing, not genocide” and “let Gaza live” could […]
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Hyper-local vs. hyper-focused: Two China ETFs go on different paths
Two exchange-traded funds are looking for profits in China with two different strategies. While the Rayliant Quantamental China Equity ETF dives into specific regions, the newly launched Roundhill China Dragons ETF buys the country’s biggest stocks. “[It’s] focused just on nine companies, and these companies are the companies that we identified as having similar characteristics […]
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Wells Fargo posts lower earnings and revenue amid an 11% decline in net interest income
watch now VIDEO1:5901:59 Wells Fargo posts lower earnings and revenue amid an 11% decline in net interest income Squawk Box Wells Fargo reported lower earnings and revenue for the third quarter than a year ago on Friday amid a sizable decline in net interest income. Here’s what the bank did compared with Wall Street estimates, […]
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JPMorgan Chase is set to report third-quarter earnings – here’s what the Street expects
Key Points JPMorgan Chase reports third-quarter earnings before the bell Friday. Wall Street expects the bank to report earnings of $4.01 a share and revenue of $41.63 billion, according to LSEG. JPMorgan executives will host a conference call at 8:30 a.m. ET. Source
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Berkshire slashes Bank of America stake to under 10%, no longer required to disclose frequently
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. David A. Grogen | CNBC Warren Buffett’s Berkshire Hathaway has reduced its stake in Bank of America to below 10% amid a selling spree that started in mid-July. In a Thursday night filing with the […]
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Hedge funds do an about-face on the China trade, selling stocks in record numbers
Hedge funds that recently flocked into Chinese stocks on stimulus hopes just did a 180. Professional traders posted the largest single-day net selling of Chinese securities, both onshore and offshore, on Tuesday, according to Goldman Sachs’ prime brokerage data. The net selling was 1.4 times larger than the previous record, Goldman said. The record exodus […]
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Group of smaller stocks is primed for major gains ahead, according to Oppenheimer
Small- and mid-cap stocks are expected to see a boost as the Federal Reserve cuts rates, and Oppenheimer named a few of its favorite plays on the space. Stocks with smaller market caps, which are more sensitive to higher costs of borrowing, are expected to rebound and outperform as the Fed embarks on a rate-cutting […]
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Ray Dalio says investing in China is tricky as Beijing becomes less favorable toward capitalism
Billionaire investor Ray Dalio thinks it’s still tricky to invest in China right now as Beijing may be seeking to structurally move the country away from capitalism. The founder of Bridgewater Associates, one of the world’s largest hedge funds, said investors should take a nuanced and cautious approach to investing in the developing region as […]
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Fed rate cuts should favor preferred stocks, Virtus money manager says
ETF Edge Fed rate cuts should favor preferred stocks, Virtus money manager says Published Sat, Oct 5 202411:00 AM EDT Krysta Escobar WATCH LIVE Source
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