Billionaire Stanley Druckenmiller’s family office snapped up Nvidia and Microsoft stocks in the first quarter. Duquesne plowed about $220 million into the chipmaker and newly purchased Microsoft shares worth $210 million. The fresh investments signal Druckenmiller’s growing appetite for AI-focused stocks. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading Billionaire Stanley Druckenmiller’s family office pumps a combined $430 million into Nvidia and Microsoft stocks in big, bold AI bets
Warren Buffett just plowed around $130 million into Occidental Petroleum after dumping a bunch of stocks last quarter
Warren Buffett’s Berkshire Hathaway just ramped up its bet on Occidental Petroleum again. Buffett’s company paid about $126 million for 2.2 million shares, raising its stake to nearly 24%. The investor has ruled out buying the whole company, joking he wouldn’t know what to do with it. Loading Something is loading. Thanks for signing up!… Continue reading Warren Buffett just plowed around $130 million into Occidental Petroleum after dumping a bunch of stocks last quarter
The debt-ceiling standoff may be a ‘lose-lose’ situation for stocks, Morgan Stanley’s top strategist says
The debt-ceiling deadlock could put investors in a can’t-win situation, according to Morgan Stanley. The standoff may be a “a lose-lose event for markets,” chief US equity strategist Mike Wilson said. Stocks are poised to suffer from either accelerated volatility or a slowdown in spending, he added. Loading Something is loading. Thanks for signing up!… Continue reading The debt-ceiling standoff may be a ‘lose-lose’ situation for stocks, Morgan Stanley’s top strategist says
Billionaire Bill Ackman’s hedge fund unveils a new Alphabet stake worth over $1 billion in a nod to the company’s AI push
Famed investor Bill Ackman’s hedge fund has revealed a new stake in Alphabet. Pershing Square has bet big on Google’s parent company, snapping up more than $1 billion worth of shares. The investment coincides with Alphabet’s foray into artificial intelligence. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Billionaire Bill Ackman’s hedge fund unveils a new Alphabet stake worth over $1 billion in a nod to the company’s AI push
Big Tech’s blistering rally lifted the whole stock market in 2023. But that may be about to end – JPMorgan, Morgan Stanley, BofA warn
Mega-cap tech stocks have powered the US stock market’s 2023 rally, but that may not last for long. Analysts at top banks including Morgan Stanley, JPMorgan and BofA warn the sector faces a selloff as a recession looms. Here is a selection of the most recent Wall Street commentary on tech stocks. Loading Something is… Continue reading Big Tech’s blistering rally lifted the whole stock market in 2023. But that may be about to end – JPMorgan, Morgan Stanley, BofA warn
Courts to Rule on Agency Powers: Kiplinger Economic Forecasts
Decisions made by the judiciary can have a major impact on the economy, industry and therefore on your personal finances. Given its importance, our highly experienced Kiplinger Letter team produces regular updates on key events in this space. Our experienced Kiplinger Letter team will update you on all the important developments (Get a free issue… Continue reading Courts to Rule on Agency Powers: Kiplinger Economic Forecasts
Deeper Regional Banking Crisis Unlikely after Triple Failure: Kiplinger Economic Forecasts
Our highly experienced Kiplinger Letter team produces regular forecasts on the banking and finance sectors to help you make better decisions about your investment and personal finances (Get a free issue of The Kiplinger Letter or subscribe.) You will always get them first by subscribing, but we will publish many (but not all) of the… Continue reading Deeper Regional Banking Crisis Unlikely after Triple Failure: Kiplinger Economic Forecasts
Spending Cuts Could Trigger Deeper Slowdown: Kiplinger Economic Forecasts
Our highly experienced Kiplinger Letter team assesses the state of the U.S. economy and the events affecting it, producing regular forecasts on the outlook for the economy, to help you make better financial decisions. Our experienced Kiplinger Letter team will update you on all the important developments (Get a free issue of The Kiplinger Letter… Continue reading Spending Cuts Could Trigger Deeper Slowdown: Kiplinger Economic Forecasts
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