Warren Buffett Sold This Stock, but I Think He's Completely Wrong
Heading into 2023, Warren Buffett-led Berkshire Hathaway‘s (NYSE: BRK.A)(NYSE: BRK.B) had a substantial investment in General Motors (NYSE: GM). According to Berkshire’s SEC filings, the conglomerate owned 50 million shares of GM at the beginning of that year,
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Read MoreHarvard's Ken Rogoff expects a 'wild ride' for the economy under Trump — and warns the dollar may slump
- The US economy is in for a “wild ride” with Donald Trump back in office, Kenneth Rogoff says.
- The Harvard economist told the World Economic Forum that the dollar faces a slew of challenges.
- Rogoff spoke about tariffs, inflation, interest rates, currency wars, and the national debt.
Kenneth Rogoff says the US economy is in for a “wild ride”
Read MoreTesla vs Rivian: Which Will Be the Better Electric Vehicle Stock to Own in 2025?
Tesla Price Target Raised to $500, Stock Jumps on Analyst Optimism
Tesla’s (TSLA, Financial) stock value rose around 2% at the premarket Tuesday session because the company has maintained strong market gains since last year. Investor optimism about Tesla’s AI and robotics potential led analyst Adam Potter from Piper Sandler to raise the company’s share price valuation to $500.
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Read MoreWall Street predicts gas will power the data center boom
Big U.S. tech companies will turn to natural gas generation and pipelines to power their massive build-out of data center capacity for artificial intelligence, securities analysts at Morgan Stanley predicted in a report Wednesday.
Data center developers “will increasingly gravitate toward large complexes powered by natural gas-fired turbines and fuel cells,” said the analysts,
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Read MoreThe Burst
10,000 Bitcoin for 2 Pizzas
When Laszlo Hanyecz forked over 10,000 bitcoin in exchange for 2 Papa John pizzas fourteen years ago, he couldn’t possibly have imagined what the future would hold. Today, those bitcoin would collectively be worth close to $700,000,000. And if the current halving cycle echoes history, there is a good chance they will be worth a cool $1 billion in the not too distant future.
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Read MoreThe Ivy
1 Billion Reasons To Buy Buffett’s #1 Stock
While Buffett’s massive cash pile of nearly $300 billion on the books at Berkshire Hathaway has been making waves, what few are paying attention to is how much he’s actually earning on that money every day, week or month.
It turns out Buffett is raking in just shy of a cool billion dollars each and every month just from interest earnings on his war chest.
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Read MoreThe Spotlight
Spotlight: Time To Buy Vaccine Manufacturer Before Winter?
It’s impossible to discuss Moderna without mentioning its COVID-19 vaccine, which propelled the stock to record highs in 2021 approaching $500 per share. However, slower sales caused the stock to plunge by almost 80%.
Second-quarter reports in 2023 show a net loss of $1.38 billion, a stark contrast to the net income of $5.4 billion in Q4 2021.
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