Did Warren Buffett Give Up on Amazon? He Sold 77% Before Leaving
jetcityimage / iStock Editorial via Getty Images
(jetcityimage / iStock Editorial via Getty Images)
Quick Read
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Berkshire Hathaway sold 77% of its Amazon (AMZN) stake in Q4. Investment managers controlled the Amazon position,
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Read MoreWarren Buffett Says This One Thing Is What Makes a Good Money Manager: ‘We Are Here to Make Money With You, Not Off You’
Investing legend Warren Buffett rarely needed many words to expose what was broken in modern finance. One line, buried in his 1996 Berkshire Hathaway (BRK.B) (BRK.A) shareholder letter, does exactly that. It draws a sharp line between two very different philosophies of capitalism – one built on partnership, and one built on extraction.
ETFs push at SEC limit in rush to buy private stocks and debt
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Read MoreFed meeting minutes: Rates could come down further if inflation drops
Several Federal Reserve officials anticipate further interest rate cuts if inflation were to drop, while others see holding rates for “some time,” according to minutes of the central bank’s January policy meeting released Wednesday.
“Several commented that further downward adjustments to the target range for the federal funds rate would likely be appropriate if inflation were to decline in line with their expectations,”
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Read MoreCME Goes 24/7: Here’s When Crypto Futures and Options Trading Starts
CME Group will offer 24/7 cryptocurrency futures and options trading starting May 29, pending regulatory approval.
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Read MoreThe Burst
Why 1 Insider Just Bet Big on Palantir Near Its All-Time High
In a world flooded with hype about artificial intelligence, few companies have the real-world track record to back it up but Palantir Technologies certainly does. Yet skeptics keep pointing to valuation as overhyped so why is one insider still buying?
Key Points
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Palantir’s 20-year lead in data analytics puts it in a good spot to dominate enterprise AI.
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Read MoreThe Ivy
Will Apple Catch Up To The Mag 7?
Apple shares climbed late last week on Wall Street’s growing belief that the company may have defused one of its biggest political risks, the ongoing tariff standoff with the Trump administration.
The breakthrough comes after Apple announced an eye-popping $600 billion investment in the United States, a figure that instantly turned heads in Washington and on Wall Street.
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Read MoreThe Spotlight
If You Could Only Buy 1 High-Income Fund, What Would It Be?
Options trading is sometimes viewed as risky and that reputation is well-earned, especially when selling calls and puts naked. But when combined with stock ownership in the form of a covered call, it can be quite a conservative strategy.
Similar to the popular ETFs that track indexes like the S&P 500, a covered call ETF can be bought and sold like a stock,
» Read more about: If You Could Only Buy 1 High-Income Fund, What Would It Be? »