Tesla and Peloton were on George Soros’s shopping list in the fourth quarter of last year, as he also took new positions in Carvana General Motors and crypto names, while dumping Zoom and Twitter Sor...
Tag: Business
Berkshire Hathaway’s Buy in Truck-Stop Operator Pays Off
Berkshire Hathaway investors may soon get a read on one of the company’s better deals in the past decade—a 2017 purchase for nearly $3 billion of a 38.6% interest in Pilot Flying J, the country’s lead...
OurCrowd Global Investor Summit to Host Tech Business Delegation from Morocco to Israel
40 + delegation includes dozens of startups, venture capitalists, technology incubators and public institutions JERUSALEM–(BUSINESS WIRE)–OurCrowd, the leading venture investing platform and Israel’s ...
Stocks moving big after hours: CAR, PLTR, ANET, SEDG
A customer boards an Avis Budget Group Inc. shuttle bus at the Denver International Airport (DEN) in Denver, Colorado, U.S., on Wednesday, Oct. 28, 2015. Luke Sharrett | Bloomberg | Getty Images Check...
SolarEdge Falls On Earnings Investor’s Business Daily
SolarEdge (SEDG) reported fourth-quarter results late Monday that crushed earnings and beat on revenue. But SEDG stock dropped on the news. The maker of solar components reported adjusted earnings of ...
Ford sets EV battery factory plan with China’s CATL
DETROIT – Ford Motor said Monday it will collaborate with a Chinese supplier on a new $3.5 billion battery plant for electric vehicles in Michigan, despite tensions between the U.S. and China. The ant...
Lidar makers Ouster, Velodyne complete merger
The New York Stock Exchange welcomes Ouster Inc. (NYSE: OUST), today, Friday, March 12, 2021, in celebration of its Initial Listing. To honor the occasion, Ouster CEO Angus Pacala, joined by Chris Tay...
Super Bowl betting sets records for sportsbooks
It was a record-breaking Super Bowl for sportsbooks as gamblers ponied up across the United States. Super Bowl 57 was the first one to be played in a state where sports gambling is legal, and early da...
Ram EV pickup debuts in Super Bowl ad spoofing sex drugs ads
Ram’s 2023 Super Bowl ad debuts the production version of the Ram 1500 REV electric pickup that is expected to go on sale late-next year. Screenshot DETROIT – Stellantis will air a 60-second Sup...
US fintech FIS to spin off Worldpay payments business
US-based financial technology group FIS has said it will spin-off Worldpay, the payments business it acquired for $43bn just four years ago, after it failed to successfully integrate the two companies...
FIS walks back Worldpay merger, will spin off its merchant business
Financial-technology company Fidelity National Information Services Inc. plans to spin off its merchant business, the company announced Monday. FIS FIS, -15.21%, which announced a “comprehensive asses...
Bakkt exits consumer business to focus on B2B as regulators crack down
Bakkt is nixing its consumer app to focus on its business-to-business technology solutions. Bakkt, which offers a platform for commerce to link to cryptocurrency, said it will continue its core ...
Berkshire Hathaway’s 4Q Equity Buys and Sales to Be Disclosed in Filing Tuesday
What were Warren Buffett and his colleagues at Berkshire Hathaway up to with their $350 billion equity portfolio last quarter? Investors will find out very soon. A regulatory filing expected Tuesday s...
Kazakhstan plans to reduce tax fraud and unlawful business operations
Kazakhstan, which is one of the main centres for Bitcoin (BTC) mining in the world, has revealed intentions to establish new crypto legislation in order to cut down on tax fraud and illegal business a...
AI is dominating the action in the stock market right now
OpenAI, the developer of ChatGPT, is receiving billions of dollars in funding from Microsoft Corp. MSFT, -0.20%. The rollout of this new technology has been followed by similar efforts by Alphabet Inc...
Stablecoins Are Big Business: Tether Profits $700M in 3 Months
As major crypto companies bleed cash through the bear market, stablecoins such as tether (USDT) have apparently emerged as incredibly profitable. Tether, issuer of the largest stablecoin by circulatin...
ChatGPT Has Sparked an AI Craze. How to Build a Long-Term AI Portfolio.
Artificial intelligence has sparked new competition in internet search—for the first time in decades. Here’s how to build an AI portfolio. Feb. 10, 2023 6:06 pm ET It has been more than 70 years...
IRS says people in most states who got inflation-relief payments don’t have to report it on their taxes. Here’s where.
The IRS is not going to tax payments from most of the states that cut checks to residents last year in order to help them defray rising living costs. This week, the IRS has been trying to determine if...
Lumen stock has worst week in more than two decades, hits lowest prices since Reagan was in office
Lumen Technologies Inc. shares plunged to their worst weekly performance in more than two decades and their lowest prices since Ronald Reagan was in office Friday, as the business that used to carry t...
Money Markets Pay 4.5%. If You’re Getting Less on a Sweep Account, It’s Time for ‘Cash Sorting.’
“Schwab cash solutions fall under two categories,” says the company’s website. They sure do. Here are some questions that can help determine which is right for you: Do you like money? Do you prefer go...
There are plenty of high-quality stocks to buy
CNBC’s Jim Cramer on Friday told investors that they should watch for stocks to add as earnings season winds down. “There’s plenty to buy, as long as you buy companies that are makin...
Alec Baldwin attorneys seek to reduce possible penalty
Actor Alec Baldwin departs his home, as he will be charged with involuntary manslaughter for the fatal shooting of cinematographer Halyna Hutchins on the set of the movie “Rust”, in New Yo...
‘Cash is the cool kid on the block’: High-yield savings accounts, Treasury Bills, money market funds, and CDs — here’s where your cash can earn up to 4.5%
Cash isn’t just the dollar bills you put in your pocket — in this market, it might seem to be a patch of steady ground. There are multiple options: People can put their money in high-yield savings acc...
States says pulling FDA approval would be ‘devastating’
The attorneys general from 21 states and Washington, D.C., on Friday argued that the attempt to pull the abortion pill from the U.S. market would have “devastating consequences” for women....
Fastly Stock Jumps Ahead of Earnings. Analyst Says Shares Can Soar 62%.
A BofA Securities analyst turned bullish on Fastly, upgrading shares to Buy on optimism about the company’s recently appointed CEO. The cloud computing company’s stock surged as a result. Tal Liani, B...