Warren Buffett’s Berkshire Hathaway will make about $700 million a year from its Apple holdings just by collecting dividends. The Oracle of Omaha revealed to CNBC that Berkshire bought an astounding 75 million shares of Apple during the first quarter. That adds to the 165.3 million shares Berkshire already owned at the end of 2017. […]
Read moreBeijing is set to announce a new fund of about 300 billion yuan ($47.4 billion) for the development of China’s semiconductor industry, The Wall Street Journal reported Friday, citing sources familiar with the matter. The government-backed China Integrated Circuit Investment Fund is heading up the new investment vehicle, the report said. The fund was not […]
Read moreDisney’s stock has treaded water for three years now at $100 a share or a $150 billion market capitalization. That’s mainly because Wall Street views it as a media stock in secular decline with its highly profitable cable networks disappearing without a clear path to an equally profitable over-the-top (OTT) future. Disney — like all […]
Read moreApple CEO Tim Cook said Friday that he’s “thrilled” to have legendary investor Warren Buffett and Berkshire Hathaway as a major investor in the company. Buffett revealed late Thursday Berkshire Hathaway bought 75 million shares of Apple during the first quarter — pushing the stock to an all-time high Friday morning. “On a personal level, […]
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Nerdist’s Spidey Life and Rudy Mancuso also performed. An after party was held at Rockefeller Center, where attendees were treated to buffets of finger foods, including truffle-flavored tater tots, lobster rolls and fried oysters, as well as elaborate desserts like grilled cheese made out of melted rainbow chocolate. Dragon fruit and pear jello shots and […]
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Carl Icahn‘s refinery investment stumbled last year as the activist investor’s push to overhaul U.S. energy policy stalled. However, that investment has now rebounded to the tune of more than $1 billion. While Icahn’s unsuccessful bid to change federal refinery rules indirectly dented the investment last year, the turnaround has been helped by the Trump […]
Read moreThe leading U.S. marketplace for cryptocurrencies has been quietly preparing for a monster increase in trading volume. In a response to New York Attorney General Eric Schneiderman’s ongoing inquiry into exchanges, the private company disclosed some key company data. Coinbase said it has doubled the size of its full-time engineering staff and has overhauled much […]
Read moreAutonomous vehicles, in particular self-driving cars, have been generating a great deal of buzz in the market over the past few years. The technology has many potential benefits for individuals, the environment and the economy. Recently however, as a consequence of tragic accidents caused by cars in self-driving mode, an irrational discussion is surfacing. Some […]
Read moreI haven’t done much stock buying recently, and when I do, I hold my nose and cringe a little. And I’m an investment adviser. I think all the market buyers who keep talking about the great values they’re picking up will eventually have to average down. Portfolio rebalancing and some bargain hunting — a nice […]
Read moreThe cryptocurrency industry is getting so hot that dedicated career services are popping up. On Thursday, CoinDesk, a leading source of cryptocurrency news and organizer of major industry conferences, launched an online “Career Center” with job listings. It’s “no secret demand for blockchain skills is high and that finding talent is a real difficulty,” Jacob […]
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