Check out some of the biggest movers in the premarket: Signify Health (SGFY) – Signify Health rose 37.5% in premarket trading as a potential bidding war for the home healthcare provider. Amazon.com (AMZN) and UnitedHealth (UNH) are now said to be among the bidders, according to The Wall Street Journal, which had previously reported that …
Bed, Bath & More (BBBY) Shares extended declines Monday, pushing the meme stock favorite to its lowest level in three weeks, as investors continue to exit the troubled household goods retailer after last week’s $60 million sale by activist investor Ryan Cohen. Cohen’s RC Ventures sold all hits of 9.45 million shares in Bed, Bath …
IMF heads to Colombo for more economic solutions The International Monetary Fund will visit Colombo this week to continue discussions with the Sri Lankan authorities on economic and financial reforms and policies. “The goal is to make short-term progress towards a staff-level agreement on a future IMF Extended Fund Facility (EFF) arrangement,” the IMF said …
The Federal Reserve keeps telling the market it’s serious about containing inflation, even if it means damage elsewhere. But the market is still having a hard time taking it seriously. So it’s up to Fed Chair Jerome Powell next week to tighten things up further. The central bank leader will address his colleagues Friday at …
Powell’s Jackson Hole Speech Comes With Fed And The Market On Several Pages Read More »
““We can get rid of the idea that crypto loans are not subject to regulation. Rather, the rules have been around for decades. The platforms don’t follow them.’” — Gary Gensler, Securities and Exchange Commission What do automakers have to do with crypto lending platforms? Consumers and investors deserve protection — that applies to both …
Value investor Mason Hawkins switched to General Electric in the second quarter and also took a stake in the growth name Alphabet. Hawkins’ Southeastern Asset Management, which manages a series of mutual funds called Longleaf Partners Funds, increased its General Electric shares by 12% in the past quarter, according to InsiderScore. In the three-month period …
Classic value investor Mason Hawkins charges GE and this surprising tech name Read More »
Warren Buffett at a press conference during the Berkshire Hathaway Shareholders’ Meeting, April 30, 2022. CNBC Warren Buffett’s Berkshire Hathaway received approval Friday to buy up to 50% of oil giant Occidental Petroleum. Shares of Occidental rose 10% on the news to above $70 apiece, pushing their profits to more than 140% in 2022. On …
Warren Buffett Gets Clearance to Buy Up to Half of Occidental Petroleum, Boosting Stocks Read More »
Ether has vastly outperformed bitcoin since both cryptocurrencies bottomed out in June 2022. Ether’s superior gains have come as investors anticipate a major upgrade to the ethereum blockchain dubbed “the merger”. Yuriko Nakao | Getty Images Since bottoming out in mid-June, ether has significantly outperformed bitcoin as investors anticipate a major upgrade to the ethereum …
Ether is up 100% since its low in June and vastly outperformed bitcoin Read More »
A customer walks down an aisle of a BJ’s Wholesale Club Inc. store in Falls Church, Virginia, USA Bloomberg | Bloomberg | Getty Images Check out the companies making the biggest moves in the afternoon: Cisco Systems – Shares of the network equipment maker rose 5.8%. The company reported earnings that exceeded estimates after the …
CNBC’s Jim Cramer said the market could continue to stagnate after Wednesday’s slump and urged investors to cut some of their positions. “It could still go well. I don’t want to scare you. I just think stocks need a cooling off period after this prodigious run, and we’re definitely getting one,” he said. “And you …
Jim Cramer Says Investors Should Take Some Profits With Markets Ready To Cool Read More »
