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-based conglomerate purchased roughly 3.6 million shares
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Tom Yeung here, with this week’s Sunday Digest. Last week, I wrote how smaller companies tend to outperform when the U.S. Federal Reserve cuts rates. These firms are naturally riskier, and so having cheap money makes them more likely to survive. That’s because borrowing money becomes cheaper… Venture capitalists open their wallets… Consumers feel more confident…
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Pippa Stevens | CNBC GREENPORT, N.Y. – Roughly 35 miles off the east coast of Montauk, New York, 12 turbines gently spin in the wind at Orsted’s newly developed South Fork Wind farm. The project, which connected to the grid earlier this year, is the first commercial-scale offshore wind farm in the U.S., providing enough
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In this article STZ ABI-BE Follow your favorite stocksCREATE FREE ACCOUNT Packages of Modelo Especial beer are displayed for sale in a grocery store on June 14, 2023 in Los Angeles, California.  Mario Tama | Getty Images Modelo cans have become part of the fabric of events for Rio Riojas’ family and community in Lansing,
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The third-quarter earnings season has officially begun, kicked off today by big-name banks like JPMorgan (JPM), Wells Fargo (WFC), and BlackRock (BLK). All topped earnings expectations.  Now, this is just a taste of the results to come. But despite the market’s uncertainty surrounding inflation and incoming rate cuts, we’re confident this earnings season will help
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Tom Yeung here with the Sunday Digest.  In mid-2019, the U.S. Federal Reserve began cutting interest rates for the first time since the 2007-’08 global financial crisis. The U.S. economy was beginning to slow, and economists were worried that trade disputes and weak global growth could send America into a recession. The COVID-19 pandemic the
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In this article META UBER CYB-FF Follow your favorite stocksCREATE FREE ACCOUNT A smartphone displaying Facebook with the Meta icon visible in the background. Jonathan Raa | Nurphoto | Getty Images The U.S. stock market witnessed a solid September, thanks to the Federal Reserve’s much-awaited interest rate cut. However, escalating geopolitical tensions in the Middle
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In this article RSVR Follow your favorite stocksCREATE FREE ACCOUNT Golnar Khosrowshahi, Founder and CEO of Reservoir Media Management, Inc. attends Variety, The New York Party, at Loosie’s Nightclub on October 05, 2023 in New York City. Jamie McCarthy | Variety | Getty Images Company: Reservoir Media (RSVR) Business: Reservoir Media operates a music publishing business,
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In this article RXRX Follow your favorite stocksCREATE FREE ACCOUNT Source: Recursion Pharmaceuticals AI drug pioneer Recursion Pharmaceuticals said Wednesday that one of its experimental treatments hit a key milestone. Recursion was able to use its artificial intelligence-enabled drug discovery platform to identify an area of biology to target for the treatment of solid tumors
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