Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon
Higher-income consumers may be creating a frothy situation at Walmart.Even though affluent shoppers helped drive the retailer's latest beat on ...
Tag: Wall Street
Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buying
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBCWarren Buffett finally revealed ...
GameStop, AMC decline as meme stock rally fizzles after just two days
A GameStop store operates in a strip mall in Chicago on March 16, 2023.Scott Olson | Getty ImagesGameStop and AMC ...
AMC completes $250 million stock sale during meme rally, shares jump 90%
Victor J. Blue | Getty Images News | Getty ImagesAMC Entertainment raised about $250 million of new equity capital, completing ...
GameStop soars 60% as ‘Roaring Kitty’, who drove meme craze, resurfaces
GameStop shares rallied dramatically on Monday after "Roaring Kitty," the man who inspired the epic short squeeze of 2021, posted online for ...
Jim Simons, billionaire quantitative investing pioneer who generated eye-popping returns, dies at 86
Jim Simons attends the IAS Einstein Gala at Pier 60 at Chelsea Piers in New York City.Sylvain Gaboury | Patrick ...
This inflation-focused ETF may be in a sweet spot
It's an exchange-traded fund designed to profit from higher rates.But even if the Federal Reserve starts to cut this year, ...
Bronze bust honoring the late Charlie Munger wowed crowd in Omaha at Berkshire meeting
Artist Yu Shu creates sculptures of Charlie Munger. Courtesy: Yu ShuOMAHA, Neb. — A 24-inch tall, bronze bust sculpture of the ...
Berkshire Hathaway operating earnings soar 39% as Buffett’s cash hoard swells to record $188 billion
Berkshire Hathaway reported Saturday a huge year-over-year increase in operating earnings in the first quarter, while its cash holdings bubbled ...
Stanley Druckenmiller cut his Nvidia stake in late March, says AI may be a bit overhyped short term
Billionaire investor Stanley Druckenmiller revealed Tuesday that he slashed his big bet in chipmaker Nvidia earlier this year, saying the swift ...
