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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 […]

Starbucks shares jump after Elliot Investment Management buys big stake in coffee giant

Shares of the coffee chain surged in late trading on Friday after activist investor Elliott Investment Management reportedly has a sizable position in Starbucks. Elliott is reportedly pressuring Starbucks, which has been criticized for its long wait times, to find new ways to boost its stock price. The Wall Street Journal was first to report […]

UFC’s Dana White sounds alarm on what’s at stake in upcoming presidential election

UFC President and CEO Dana White introduced former President Donald Trump at the Republican National Convention in Milwaukee on Thursday night. White spoke to Republicans shortly before Trump accepted the nomination for his third consecutive presidential nomination. The 54-year-old Connecticut native told the crowd that the crisis had never been more critical, and praised Trump […]

Pete Alonso set for another MLB Home Run Derby with history at stake

Pete Alonso, an All-Star for the fourth time in his career, now heads to Texas looking to become just the second player in history to win the Home Run Derby for the third time. Alonso, who hit his team-high 19th home run of the season against the Rockies on Sunday in an 8-5 loss to […]