Monday, August 15, 2022
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Berkshire Hathaway reports operating earnings surge, but posts big investment loss amid market rout

An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stand during the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S. April 30, 2022.Scott Morgan | ReutersBerkshire Hathaway's operating profits jumped in the second quarter despite fears of slowing

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Here’s where the jobs are for July 2022 — in one chart

Zoom In IconArrows pointing outwardsBureau of Labor StatisticsThe U.S. economy added many more jobs than expected last month, and there was an appetite for workers particularly in the service sector, which has been grappling with labor shortages.The leisure and hospitality sector saw the most jobs growth, with 96,000 payrolls

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Paul Britton, CEO of $9.5 billion derivatives firm, says the market hasn’t seen the worst of it

(Click here to subscribe to the Delivering Alpha newsletter.)The market has seen tremendous price swings this year - whether it comes to equities, fixed income, currencies, or commodities — but volatility expert Paul Britton doesn't think it ends there. Britton is the founder and CEO of the $9.5 billion derivatives firm, Capstone

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SPAC market hits a wall as issuance dries up and valuation bubble bursts

Traders on the floor of the NYSE, August 1, 2022.Source: NYSEThe SPAC boom is officially a thing of the past.Not a single special purpose acquisition company was issued in July as the market slowdown turned into a screeching halt, according to CNBC calculations of SPAC Research data. Sponsors who once

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The $300 billion meme stock that makes GameStop look like child’s play

The Reddit logo is seen on a smartphone in front of a displayed Wall Street Bets logo in this illustration taken January 28, 2021.Dado Ruvic | ReutersThink the meme stock mania is so 2021? Just take a look at AMTD Digital.The little-known Hong Kong-based fintech company saw its shares

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Bill Ackman blasts Visa, saying it has the power to pressure Pornhub to remove child pornography

Bill Ackman, founder and CEO of Pershing Square Capital Management.Adam Jeffery | CNBC Billionaire hedge fund manager Bill Ackman is taking a vocal stance against Visa, saying the credit card giant has the power to pressure Pornhub to remove child pornography from its site. "My interest comes from the fact

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The reason behind a mysterious trading surge in stocks like Berkshire Hathaway has been revealed

Warren Buffett and Charlie Munger press conference at the Berkshire Hathaway Annual Shareholders Meeting, April 30, 2022.CNBCBerkshire Hathaway's Class A shares are among the market's most expensive stocks priced above $400,000 apiece and therefore it was often one of the least traded well-known companies. So a surge in volume

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Canyon Partners’ Friedman says the markets can handle a recession and he’s building a shopping list

(Click here to subscribe to the Delivering Alpha newsletter.)Even if the economy faces two quarters of contraction — the traditional definition of a recession — Josh Friedman thinks it's strong enough to withstand a more serious slowdown. Friedman is co-founder, co-chairman, and co-CEO of the $26 billion credit giant, Canyon Partners.

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Stock futures inch higher ahead of a busy week of earnings

U.S. stock index futures were modestly higher during overnight trading Sunday as Wall Street looks ahead to a busy week of earnings.Futures contracts tied to the Dow Jones Industrial Average added 0.25%. S&P 500 futures were up 0.4%, while Nasdaq 100 futures advanced 0.5%.The major averages are coming off

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Investors see little to be gained in stocks the rest of the year, favor dividend payers now, CNBC survey shows

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 30, 2022. Brendan Mcdermid | Reuters(Click here to subscribe to the new Delivering Alpha newsletter.)A majority of Wall Street investors believe the market stands pretty much dead in the water for the rest of

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