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Wednesday 15-May-24
Berkshire Hathaway revealed in a filing that it had accumulated nearly 26 million shares of insurer Chubb Ltd. as of the end of the first quarter.
Warren Buffett’s Berkshire Hathaway reveals Chubb as ‘mystery stock’ purchase
“Customers are consuming the equipment shipped over the last few quarters in line with our expectations,” Cisco’s CFO said.
Cisco’s stock rises as demand stabilizes and revenue outlook impresses
KFC and Pizza Hut parent company Yum Brands said its board had approved a new $2 billion share buyback program over the next two years.
KFC parent Yum Brands approves $2 billion in share buybacks
Soros Fund Management eliminated its stake in New York Community Bank, a regulatory filing shows.
Soros Fund Management dumps New York Community Bank stake
Home-improvement retailers are in the spotlight as mortgage rates stay high
Bill Ackman’s Pershing Square dumps stake in Lowe’s, keeps Google
Netflix Inc. on Wednesday reported a big jump in demand for its streaming-with-ads plan, and it said it would broadcast more NFL Christmas Day games in the years ahead, as it tries to pull ahead of an industry navigating issues with cable cord-cutting and online consumption.
Netflix hits 40 million active users for ad tier, putting it closer to the big leagues for advertisers
Daniel Loeb’s Third Point hedge fund has gone deeper into stocks of major tech companies, a filing with the Securities and Exchange Commission showed late Wednesday.
Here are some of the tech stocks Daniel Loeb’s Third Point hedge fund has snapped up
The U.S bond market broadly rose on Wednesday, paring its losses this year after fresh inflation added fuel to investor hopes that the Federal Reserve may cut interest rates in 2024.
Bond-market rally may not be over after inflation report brings ‘massive relief’
Under the deal, Palo Alto Networks will become IBM’s “preferred cybersecurity partner.”
IBM and Palo Alto Networks are joining forces on AI, as cybersecurity threats get tougher
A weekly look at the most important moves and news in crypto, and what’s on the horizon in digital assets.
Meme stocks like GameStop and AMC are hot again — what it means for meme coins
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