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Stocks making the biggest moves midday: Apple, CarMax, Coinbase, Peloton and more

Stocks making the biggest moves midday: Apple, CarMax, Coinbase, Peloton and more

[ad_1] An employee arranges Apple iPhones as customer shop at an Apple store.Mike Segar | ReutersCheck out the companies making headlines in midday trading.Apple — The big technology stock shed 5% following a rare downgrade by Bank of America. The bank downgraded shares of the iPhone maker to neutral and

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Stocks making the biggest moves premarket: Apple, CarMax, Bed Bath & Beyond and more

Stocks making the biggest moves premarket: Apple, CarMax, Bed Bath & Beyond and more

[ad_1] Check out the companies making headlines before the bell:Apple (AAPL) – Apple lost 2.2% in the premarket after BofA Securities downgraded it to neutral from buy. BofA said Apple has held up relatively well in a down market, but it expects a negative impact on the company from weakening

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Buffett bought more Apple last quarter and says he would have added more if the stock didn’t rebound

Buffett bought more Apple last quarter and says he would have added more if the stock didn’t rebound

[ad_1] Warren Buffett and Charlie Munger at Berkshire Hathaway shareholder meeting, April 30, 2022.CNBCWarren Buffett bought the dip in his No. 1 stock Apple during the tech giant's sell-off in the first quarter.Berkshire Hathaway's Chairman and CEO told CNBC's Becky Quick that he scooped up $600 million worth of Apple

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Stocks making the biggest moves in the premarket: Activision Blizzard, Bilibili, Moody’s and more

Stocks making the biggest moves in the premarket: Activision Blizzard, Bilibili, Moody’s and more

[ad_1] Take a look at some of the biggest movers in the premarket:Activision Blizzard (ATVI) – Activision shares jumped 2.7% in premarket trading after Warren Buffett told the Berkshire annual meeting that the company had increased its stake in the videogame maker.Bilibili (BILI) – The China-based online gaming company's stock

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Warren Buffett gives his most expansive explanation for why he doesn’t believe in bitcoin

Warren Buffett gives his most expansive explanation for why he doesn’t believe in bitcoin

[ad_1] Bitcoin has steadily been gaining acceptance from the traditional finance and investment world in recent years but Warren Buffett is sticking to his skeptical stance on bitcoin.He said at the Berkshire Hathaway Annual Shareholder meeting Saturday that it's not a productive asset and it doesn't produce anything tangible. Despite

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Warren Buffett says Berkshire owns 9.5% of Activision Blizzard shares in merger arbitrage bet

Warren Buffett says Berkshire owns 9.5% of Activision Blizzard shares in merger arbitrage bet

[ad_1] Warren Buffett on Saturday said Berkshire Hathaway has been increasing its stake in Activision Blizzard in a merger arbitrage play, betting that Microsoft's proposed acquisition of the video game company will close.Berkshire now owns about 9.5% of Activision shares, Buffett said at the company's annual shareholder meeting."Occasionally I'll see

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Charlie Munger says the Robinhood trading app is justly ‘unraveling’ for ‘disgusting’ practices

Charlie Munger says the Robinhood trading app is justly ‘unraveling’ for ‘disgusting’ practices

[ad_1] Berkshire Hathaway Vice Chairman Charlie Munger blasted stock trading app Robinhood on Saturday, saying the company is now "unraveling.""It's so easy to overdo a good idea. ... Look what happened to Robinhood from its peak to its trough. Wasn't that pretty obvious that something like that was going to

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Warren Buffett rips Wall Street for turning the stock market into ‘a gambling parlor’

Warren Buffett rips Wall Street for turning the stock market into ‘a gambling parlor’

[ad_1] Berkshire Hathaway CEO Warren Buffett lambasted Wall Street for encouraging speculative behavior in the stock market, effectively turning it into a "gambling parlor."Buffett, 91, spoke at length during his annual shareholder meeting Saturday about one of his favorite targets for criticism: investment banks and brokerages."Wall Street makes money, one

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From Dairy Queen to Brooks Running, Berkshire Hathaway’s businesses seeing an impact from inflation

From Dairy Queen to Brooks Running, Berkshire Hathaway’s businesses seeing an impact from inflation

[ad_1] Inflation has been one of the hot topics for markets this year, and rising prices are impacting portfolio companies for Berkshire Hathaway in different ways.In March, the Federal Reserve's preferred inflation gauge rose 5.2%, and the central bank is starting to raise interest rates, trying to thread the needle

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Warren Buffett significantly increases Chevron bet, now in Berkshire’s top 4 positions

Warren Buffett significantly increases Chevron bet, now in Berkshire’s top 4 positions

[ad_1] Warren Buffett and Becky Quick at the Berkshire Hathaway Annual Shareholder Meeting in Omaha, Nebraska, April 29, 2022.David A. Grogan | CNBCBerkshire Hathaway added to its Chevron bet significantly during the first quarter, making the energy stock the conglomerate's fourth biggest equity holding.The "Oracle of Omaha's" Chevron investment was

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