Monday, February 26, 2024
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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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Stocks making the biggest moves midday: Microsoft, Visa, Enphase Energy, Boeing and more

Stocks making the biggest moves midday: Microsoft, Visa, Enphase Energy, Boeing and more

[ad_1] Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016.Charles Platiau | ReutersCheck out the companies making headlines in midday trading.Enphase Energy — Shares jumped more than 8% after Enphase topped earnings expectations on the top and bottom lines. The energy company reported record revenues, and said it's

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Stocks making the biggest moves premarket: Microsoft, Boeing, Alphabet, Robinhood and more

Stocks making the biggest moves premarket: Microsoft, Boeing, Alphabet, Robinhood and more

[ad_1] A worker inspects a Boeing 737 MAX airliner at Renton Airport adjacent to the Boeing Renton Factory in Renton, Washington on November 10, 2020.Jason Redmond | AFP | Getty ImagesCheck out the companies making headlines in early morning trading.Enphase Energy — Shares of the solar microinverter maker jumped more

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Stocks making the biggest moves after hours: Alphabet, Robinhood, Meta and more

Stocks making the biggest moves after hours: Alphabet, Robinhood, Meta and more

[ad_1] The logo of Alphabet Inc's Google outside the company's office in Beijing, China, August 8, 2018.Thomas Peter | ReutersCheck out the companies making headlines after the bell.Alphabet — Shares tumbled more than 6% in extended trading after Google's parent company reported an earnings miss. The firm reported earnings of

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Stocks making the biggest moves midday: AT&T, Nvidia, Sailpoint Technologies and more

Stocks making the biggest moves midday: AT&T, Nvidia, Sailpoint Technologies and more

[ad_1] A pedestrian walks in front of an AT&T location in New York.Scott Mlyn | CNBCCheck out the companies making headlines in midday trading Monday:AT&T — Shares of AT&T jumped more than 7% after the telecom giant announced that it closed its transaction with Discovery to spin off its WarnerMedia

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U.S. stock futures are flat ahead of Wednesday’s Fed meeting

U.S. stock futures are flat ahead of Wednesday’s Fed meeting

[ad_1] Stock futures were flat in overnight trading after the major indexes rallied and oil prices tumbled below $100 a barrel ahead of Wednesday's Federal Reserve meeting.Futures on the Dow Jones Industrial Average fell 30 points, while S&P 500 futures fell 0.1% and Nasdaq 100 futures were flat.The gains came

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Microsoft dives into Web3 with investment in Ethereum co-founder’s start-up ConsenSys

Microsoft dives into Web3 with investment in Ethereum co-founder’s start-up ConsenSys

[ad_1] Joseph Lubin, co-founder of Ethereum.Adam Jeffery | CNBC Blockchain start-up ConsenSys has raised $450 million in a new round of funding that more than doubles its valuation to $7 billion.The cash injection was led by ParaFi Capital, ConsenSys said Tuesday, with Microsoft, Japan's SoftBank and Singapore's Temasek also joining

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PayPal suspends its services in Russia over Ukraine war

PayPal suspends its services in Russia over Ukraine war

[ad_1] The PayPal app shown on an iPhone.Katja Knupper | DeFodi Images | Getty ImagesPayPal said Saturday it was suspending its services in Russia, adding to the number of firms retreating from the country in response to its invasion of Ukraine."Under the current circumstances, we are suspending PayPal services in

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Less than 1% of all FDIC-insured banks are Black-owned, according to the FDIC

Less than 1% of all FDIC-insured banks are Black-owned, according to the FDIC

[ad_1] Big banks and corporations like Yelp, Netflix, and Microsoft have announced major investments in Black-owned banks.Yet Black banks are far from thriving. Americans who identify solely as Black or African American make up 13.4% of the U.S. population today, but less than 1% of all FDIC-insured banks are considered

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Expect a return to more ‘normal’ investing where stock picking is rewarded, Goldman Sachs says

[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., February 15, 2022.Brendan McDermid | Reuters(Click here to subscribe to the new Delivering Alpha newsletter.)Alpha generation is poised to return to the asset management industry as growth will be significantly less concentrated in a

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