Bob Casey has stake in Chinese fentanyl maker: report
Chinese fentanyl manufacturers (and the funding they provide) are at the center of the U.S. Senate race between incumbent Sen. Bob Casey and his Republican opponent, Dave McCormick. Casey, 64, a third-term incumbent, accused McCormick, 58, of “profiting from people’s pain” through his role as CEO of hedge fund Bridgewater Associates, which under his leadership […]
NY pension fund bought $75M CrowdStrike stake before IT meltdown
A New York state pension fund is facing nearly $30 million in losses after buying CrowdStrike shares just before the tech company caused a global network outage and sent its stock price plummeting. The New York State Teachers Retirement System (NYSTRS) bought 197,462 shares of the Austin-based cybersecurity company in the second quarter of this […]
6 in 10 Americans say democracy at stake depending on election results: Survey
A new poll finds that many Americans believe democracy could be at risk depending on who wins November’s presidential election. According to a new poll from the Associated Press-NORC Research Center, Released ThursdayThe poll found that 59% of Americans believe the election could put democracy into question, including 67% of Democrats and 58% of Republicans. […]
Disney may have to pay $5B more for Comcast’s Hulu stake to resolve dispute
Walt Disney said Wednesday that the company may have to pay up to an additional $5 billion to acquire Comcast’s minority stake in Hulu if appraisers agree that Comcast should value its minority stake in Hulu at more than $40 billion. Disney and Comcast hired investment bank RBC Capital as an independent appraiser earlier this […]
Warren Buffett’s Berkshire cuts Apple stake by half, boosts cash stockpile to $277B
Neuberger Berman Senior Research Analyst Dan Flax predicts earnings for big tech companies and which stocks are well-positioned. Warren Buffett’s Berkshire Hathaway The company plans to sell about half of its Apple shares, increasing its cash holdings to about $277 billion, according to figures released on Saturday. Berkshire’s quarterly report It suggests that the 93-year-old […]
Warren Buffett surprises by slashing Berkshire Hathaway's longtime Apple stake
OMAHA, Neb. (AP) — Billionaire Warren Buffett has pared back Berkshire Hathaway’s large holdings of Apple stock, a move that could send shivers down the stock market as a whole, not only because Buffett is highly respected but also because there has been little positive financial news recently. Just two years ago, Buffett called Apple […]
Alleged intruder armed with 3-foot wooden stake throws rock at homeowner’s face. But victim has more lethal weapon on hand.
Earlier this week, an intruder armed with a three-foot-tall wooden stake hurled a rock at a Southern California homeowner’s face while trying to break into the home, police said. He told KUSI-TV. However, the homeowner grabbed a gun and fired three shots at the alleged intruder, hitting him at least once in the chest, the […]
Buffett cuts Bank of America stake, sales top $3 billion – Yahoo Finance
Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway Inc sold more shares of Bank of America Corp to lock in profits after a big surge in the second-largest U.S. bank’s shares, bringing sales to more than $3 billion this month. Berkshire Hathaway sold 18.4 million shares of Bank of America stock between July 25 and […]
Citadel boosts stake in James Dolan’s Sphere after Steve Cohen investment
Ken Griffin’s Citadel increased its stake in James Dolan’s Sphere Entertainment just weeks after it revealed that another hedge fund mogul, Mets owner Steve Cohen, had invested in the company. Citadel Advisors has increased its stake in the company that owns Las Vegas’ revolutionary concert venue from 1.6% to 5.3%. According to an SEC filing […]
Ike Perlmutter reportedly dumps entire Disney stake after proxy loss, expects stock to keep plunging
Ike Perlmutter, one of Disney’s largest independent shareholders, who reportedly sold his entire stake in the media giant after losing a bitter proxy fight with Mouse House CEO Bob Iger, said he expects the stock price to continue to fall. The former Disney Marvel chairman sold 25.6 million shares in the months following the April […]