Bill Ackman’s Pershing Square adds to Google-parent Alphabet stake, slashes Lowe’s bet
Bill Ackman’s fund added to bets on the Google parent’s class C stock, as well as Hilton.
Warren Buffett’s Berkshire Hathaway makes interesting bet on these homebuilders
Warren Buffett’s Berkshire Hathaway bought shares of a few homebuilders in the last quarter, a new regulatory filing revealed.
Nvidia stock jumps 7% after Morgan Stanley says chipmaker benefits from ‘massive shift’ in A.I.
With companies flocking to generative artificial intelligence, Nvidia is poised to keep benefiting, Morgan Stanley analysts said in a report.
Lloyd Blankfein says he ‘can’t imagine’ returning to Goldman Sachs
Blankfein, a former CEO of Goldman Sachs, pushed back on a report saying he had offered to return to the firm to help current CEO David Solomon.
How Temu makes money from super-cheap goods like $10 smartwatches
Bargain e-commerce company Temu has had a whirlwind 2023. Quietly launching its app in September 2022, it only took the company a few weeks to top app store charts, edging out Amazon, Walmart and even fast-fashion brand Shein.
Four reasons why the consumer is so confusing — and what that may mean for retail earnings
As Home Depot, Target and Walmart report earnings, retailers and investors have had to weigh contradictory factors as they predict consumer spending patterns.
Michael Burry of ‘The Big Short’ fame reveals potential big bets against the market, tech stocks
Michael Burry, known for calling the subprime mortgage crisis, just unveiled potential massive bets against the stock market.
Argentina devalues its currency, jacks up interest rates after shock far-right primary win
Argentinian stocks and its sovereign dollar bonds were also lower Monday.
Saudi soccer league lures Brazilian star Neymar as it seeks to attract ‘exceptional players only’
Al-Hilal also reportedly bid for PSG and France national team prodigy Kylian Mbappé, for a one-year contract worth up to 700 million euros.
China wants to keep Russia in a ‘Goldilocks’ state — not too strong and not too weak
The dynamic between Beijing and Moscow is more nuanced than it appears on the surface, with neither side wanting the other to become too powerful.
