Tag: Markets

Ajit Jain, Warren Buffett’s insurance chief and top executive, recently sold more than half of his stake in Berkshire Hathaway, according to a new regulatory filing. The 73-year-old vice chairman

Wholesale prices increased in August, aligning with expectations, marking the final Inflation data point ahead of the Federal Reserve’s anticipated interest rate cut. The producer price index (PPI), a gauge

Ally Financial shares dropped by 17.6% after the CFO mentioned increased credit challenges in the third quarter, particularly in auto loans for retail customers. On the positive side, Mission Produce

Saudi Arabia’s Minister of Investment, Khalid al-Falih, is addressing skepticism regarding the country’s economic diversification plan and promoting “green shoring” investment opportunities to attract foreign financing. Al-Falih emphasized the comprehensive

September has been a tumultuous month, adding complexity to the Big Tech trade. However, one low-volatility ETF remains optimistic about this sector. Alliance Bernstein is the force behind the AB

GameStop reported mixed second-quarter results, with revenue dropping to $798 million from $1.16 billion a year ago. Despite the revenue decline, the company’s net income rose to 4 cents per

Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co. (JPM), expressed concerns about the possibility of stagflation, despite recent signs of Inflation easing. Speaking at a conference in Brooklyn,

Several companies saw significant movement in midday trading. Trump Media & Technology experienced a more than 13% drop following a debate between major shareholder former President Donald Trump and Democratic

The Federal Reserve will receive its final Inflation data this week before deciding on a potential interest rate cut. The Labor Department will release the consumer price index and producer

Chinese artificial intelligence models may be slightly behind those developed in the U.S., but Chinese AI apps are expected to gain rapid traction, according to Kai-Fu Lee, former head of