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Tiger Global cuts some tech losers, adds new stakes in Carvana and Netflix
....com Inc. It took new positions in Spotify, Visa Inc. and MGM Resorts International. None of Warren Buffett s Berkshire Hathaway Inc. added a few new stakes, including $2.9 billion worth of Citigroup Inc., while liquidating the rest of its shares of Wells Fargo Co. Viking took a new stake in Mastercard Inc., snapping up 1.79 million shares valued at $641 million as of March 31. The stock was down 7.7% in the first quarter. None The Tighter Labor Market Is Making Restaurants More Like Factories When a Wall ...
Updated: 05/17/2022
Tech and other stocks advance ahead of Fed's speech
... with stock index futures, with that of the 10-year note BX: TMUBMUSD 10 Y up 3 basis points to 2,909% and of the three-year note BX: TMUBMUSD 03 Y up 6 basis points to 2.909%. See interviews with Fed Chairman Jerome Powell , CEOs of companies like Wells Fargo , Moderna and FanDuel. For complimentary access, select a virtual pass. The shares of Twitter Inc. TWTR fell by 2.7% in premarket trading after Tesla Inc. TSLA CEO Elon Musk said that his $44 billion deal for Twitter can't be moved forward without ...
Updated: 05/17/2022
After Wells Fargo, Berkshire Hathaway returns with $2.9 billion Cigroup bet
People just goodbye to a long-time stake in Wells Fargo Couing the Berkshire Hathaway Inc, which cut many bank holdings as the Pandemic bore down in the US, is back with a roughly $2.9 billion bet on Jane Fraser's Citigroup Inc. Even as it said goodbye to a long-time stake in Wells Fargo Co., the Berkshire ...
Updated: 05/17/2022
Disney expects all sports streaming to come on streaming
... expression on ESPN. DTC means that the viewers can watch the games directly on the ESPN app, thus cutting out traditional linear cable broadcasts, like the NBA Finals on ABC or the Stanley Cup Playoffs on ESPN. It will be the ultimate fan offering'' Wells Fargo Securities senior analyst Steven Cahall , who asked Chapek about the ESPN spinoff on the earnings call, told Yahoo Finance this would be a positive sign for investors. That day is coming, Cahall told Yahoo Finance Live . In the past year, ESPN ...
Updated: 05/13/2022
Fidelity, BlackRock enter the FinTok World
... on complex topics. The next generation of customers is in TikTok because we know that's where the next generation of customers is. Many people, particularly younger audiences, go there for information before they go to their own family members. When Wells Fargo Co asked kids how they learned to handle money, 35% said it was social media. It can spark interest and curiosity, but the lessons may not be right, so that could be good or bad. When T. Rowe Price asked their kids about assets they would invest ...
Updated: 05/12/2022
Pfizer's $11.6 billion Biohaven buy could spark more biotech deals
... fingfx.thomsonreuters. com gfx mkt klvyklwxovg Biotech 20 index 20 chart. Mohit Bansal , who named Biohaven as an acquisition target in February, had also listed Alnylam Pharmaceuticals , Vir Biotechnology and Intellia Therapeutics, according to JPG Wells Fargo analyst Mohit Bansal . The companies didn't respond immediately to requests for comment from Reuters. Pfizer offered a 78.6% premium, or $148.50 per Biohaven share, but that was not close to the $151.51 price Biohaven shares traded at in October ...
Updated: 05/11/2022
Wells Fargo dismissed from class-action lawsuit over loans
A federal judge dismissed class-action claims that Wells Fargo Co, the fourth largest U.S. bank, misled or defrauded shareholders about its commercial loans. A federal judge dismissed class-action claims that Wells Fargo Co, the fourth largest U.S. bank, misled or defrauded shareholders about its commercial ...
Updated: 05/06/2022
Job growth gives case for mega-sized rate hike
... rising interest rates and the hottest inflation in 40 years. This report should reinforce the Fed 's plan of fighting inflation without having to give much attention to the labor market, which is healthy, Sameer Samana , global market strategist at Wells Fargo Investment Institute, said. The Fed hiked its benchmark interest rate by a half point for the first time in two decades as policymakers ratcheted up their fight to tame it. The data came just two days after a quarter-point hike in March. The Fed ...
Updated: 05/06/2022
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