David Tepper’s Appaloosa is betting big on Chinese tech stocks
Alibaba is now the top holding of the billionaire’s fund, pulling ahead of U.S. tech giants.
Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying
His conglomerate Berkshire Hathaway has acquired nearly 26 million shares of Chubb for a stake worth $6.7 billion.
Netflix ad-supported tier has 40 million monthly users, nearly double previous count
Netflix’s cheaper, ad-supported tier now has 40 million global monthly active users, nearly double the 23 million the company reported in January.
Bitcoin rises above $65,000 after CPI report shows inflation easing in April: CNBC Crypto World
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry….
Biden’s EV tariffs may not be enough to stave off the threat of Chinese vehicles in the U.S.
Automotive and trade experts say the increased tariffs are a near-term protectionism act that may delay but not stop Chinese EVs from coming to the U.S.
‘Big Short’ investor Michael Burry piles into physical gold fund, making it his biggest bet
Burry, who now manages hedge fund Scion Asset Management, bought more than 440,000 units of the Sprott Physical Gold Trust (PHYS).
Bitcoin is having its best day since March following cooler April inflation reading
Bitcoin jumped with stocks on Wednesday after the April consumer price index showed inflation eased from the previous month.
Chart analysis signals the bull market has further to go with possible S&P 500 upside target of 6,100
Frank Cappelleri breaks down the S&P 500 and where the charts say it will go from here.
Warren Buffett downsized his Apple stake for tax reasons. Here’s what it means
The Oracle of Omaha, who paid over $5 billion in corporate taxes in 2023, believes the corporate tax rate could go higher soon to help plug the fiscal deficit.
Royal Mail owner IDS set to agree $4.4 bln Kretinsky takeover bid
Royal Mail-owner IDS is set to agree a £3.5 billion ($4.42 billion) takeover by Daniel Kretinsky if the Czech billionaire tables a formal offer, the firm said.
