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Berkshire Hathaway triples Alphabet stake and invests in Delta and Macy's under new CEO
Associated Press90d agoneutral
Berkshire Hathaway triples Alphabet stake and invests in Delta and Macy's under new CEO

Berkshire Hathaway more than tripled the size of its investment in Google's parent company and bought over $2.6 billion worth of Delta Airlines stock as Greg Abel settled into the CEO job after taking over from Warren Buffett at the start of the year. The conglomerate also dumped a number of other stocks, including Visa, Mastercard, Domino's Pizza, Amazon and United Healthcare after the departure late last year of Todd Combs, who was one of the two investment mangers Buffett hired to help manage the portfolio. Buffett was always reluctant to invest in tech companies because he said he didn't understand them well enough to predict the long-term winners.

Ackman's Pershing Square takes stake in Microsoft, citing 'compelling' valuation
Reuters91d agoneutral
Ackman's Pershing Square takes stake in Microsoft, citing 'compelling' valuation

Bill Ackman's hedge fund Pershing Square will disclose a ‌new position in Microsoft later in ‌the day, the billionaire investor said on Friday, arguing ​that the tech giant sits at a "highly compelling valuation". Ackman's new closed-end fund Pershing Square USA, which debuted on the NYSE ‌last month, has ⁠also recently made Microsoft a core holding, he said in a ⁠post on social media platform X. Pershing's bet on Microsoft comes amid Ackman's growing ​appetite for ​tech holdings.

Apple-OpenAI Alliance Frays, Setting Up Possible Legal Fight
Bloomberg91d agoneutral
Apple-OpenAI Alliance Frays, Setting Up Possible Legal Fight

(Bloomberg) -- Apple Inc.’s two-year-old partnership with OpenAI has become strained, according to people familiar with the matter, with the AI startup failing to see the expected benefits from the deal and now preparing possible legal action. Most Read from BloombergIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsWhat Is The Thucydides Trap and Why Did Xi Raise It With Trump?Trump Says China Offered Help With Iran as Ship Seized Near UAEXi Tells US CEOs on Trump Visit That

Netflix Just Raised Guidance. The Market Sold It Off. We See 283% Upside
24/7 Wall St.91d agoneutral
Netflix Just Raised Guidance. The Market Sold It Off. We See 283% Upside

Few stocks have whipsawed investors in 2026 the way Netflix (NASDAQ:NFLX) has. Shares plunged from $126.03 in July 2025 to a $77 trough in February 2026, then clawed back to $88.27 as of May 6. Our 24/7 Wall St. price target for Netflix is $338.63, implying 283.63% upside. The recommendation is buy at 90% confidence. ... Netflix Just Raised Guidance. The Market Sold It Off. We See 283% Upside

Bloomberg92d agoneutral
Early Nvidia Investor Backs Startup to Tap Idle Grid Power

(Bloomberg) -- A startup working to unlock excess power grid capacity for data centers raised $64 million as utilities and hyperscalers race to ease an energy crunch constraining the build-out of artificial intelligence.Most Read from BloombergIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaTrump Lands in China for Xi Trade Summit With Iran War in LimboNvidia’s CEO Joins Trump in China With AI in the SpotlightG

AI Bond Binge Overwhelms Wall Street, Pushes Alphabet Abroad
Bloomberg92d agoneutral
AI Bond Binge Overwhelms Wall Street, Pushes Alphabet Abroad

(Bloomberg) -- Bankers were still putting the final touches on Alphabet Inc.’s blockbuster $17 billion of bond sales when word started to spread Monday morning on Wall Street: the company is already hawking more debt.Most Read from BloombergIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightTrump Lands in China for Xi Trade Summit With Iran War in LimboThis

Bloomberg92d agoneutral
What to Expect From the Trump-Xi Summit in Beijing

(Bloomberg) -- President Donald Trump became the first US leader in almost a decade to visit China when he landed in Beijing on Wednesday. His much-anticipated two-day summit with President Xi Jinping — delayed from March due to the Iran war — offers the leaders of the world’s two largest economies a chance to reset personal ties and look for common ground on trade, technology and a range of other contentious topics. Most Read from BloombergIran’s Kharg Island Oil Jetties Empty Again Yesterday,

5 Revealing Analyst Questions From IAC’s Q1 Earnings Call
StockStory92d agoneutral
5 Revealing Analyst Questions From IAC’s Q1 Earnings Call

IAC’s first quarter was marked by a significant shortfall relative to Wall Street’s expectations, sparking a notable negative market response. Management attributed the revenue decline to ongoing challenges in web traffic, particularly from Google, and the continued impact of shedding non-core assets like Care.com. Digital operations at People Inc. demonstrated margin expansion and growth in non-session-based revenues, but these gains were offset by anticipated declines in legacy print and sessi

Bloomberg92d agoneutral
Amazon Puts Alexa Inside the Shopping Search Bar in AI Push

(Bloomberg) -- Artificial intelligence algorithms are coming to some of the most valuable real estate in retail: the Amazon.com Inc. search bar.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightMamdani Scraps Property Tax Hike, Counts Second-Home RevenueTrump Lands in China for Xi Trade Summit With Iran War in LimboQueries typed into Amazon’s website and mobile app will soon reply, depending on the co

Nvidia Hits $5.5 Trillion — It’s Now Worth More Than the GDP of Every Country but the U.S. and China
24/7 Wall St.92d agoneutral
Nvidia Hits $5.5 Trillion — It’s Now Worth More Than the GDP of Every Country but the U.S. and China

The stock market has produced some astonishing winners over the years, but what’s happening with Nvidia (NASDAQ:NVDA) feels different. Five years ago, Nvidia was still largely viewed as a high-end gaming graphics card maker with growing data center ambitions. Today, it sits at the center of the artificial intelligence economy — and increasingly, at the ... Nvidia Hits $5.5 Trillion — It’s Now Worth More Than the GDP of Every Country but the U.S. and China

Fervo Energy IPO: CEO outlines geothermal future of US grid
Yahoo Finance Video92d agoneutralVIDEO
Fervo Energy IPO: CEO outlines geothermal future of US grid

Fervo Energy (FRVO) is making its Nasdaq debut on May 13, following its IPO that raised $1.89 billion. The company aims to deliver carbon-free power by accessing geothermal energy, utilizing drilling techniques from the oil and gas industries. Fervo Energy co-founder and CEO Tim Latimer speaks with Julie Hyman about the provider's geothermal projects and partnership with Google (GOOG, (GOOGL).

Why Nvidia Earnings May Matter More To The S&P 500 Than Fed Minutes Right Now
Benzinga92d agoneutral
Why Nvidia Earnings May Matter More To The S&P 500 Than Fed Minutes Right Now

For years, Federal Reserve minutes were among Wall Street's most market-moving events. But in today's AI-driven rally, one earnings report may now rival macro data releases in influence: Nvidia Corp (NASDAQ:NVDA). The Santa Clara, California-based chip giant, whose earnings are due next week, is worth roughly $5.3 trillion and recently surpassed the entire S&P 500 healthcare sector in market value, according to Barron's. Essentially, Nvidia is proving to be more than just another mega-cap tech s

Rigetti Has a $6 Billion Market Cap and $7 Million in Revenue. Here Are the Two Stocks Worth Owning Instead
24/7 Wall St.92d agoneutral
Rigetti Has a $6 Billion Market Cap and $7 Million in Revenue. Here Are the Two Stocks Worth Owning Instead

Rigetti Computing (NASDAQ:RGTI) keeps grabbing quantum computing headlines on the strength of its 108-qubit Cepheus-1-108Q system and a cash-stuffed balance sheet. But here’s what you should actually be watching. The numbers underneath the story are ugly. Rigetti carries a $6.34 billion market cap against full-year 2025 revenue of just $7.09 million, which itself declined 34.31% ... Rigetti Has a $6 Billion Market Cap and $7 Million in Revenue. Here Are the Two Stocks Worth Owning Instead

Benzinga92d agoneutral
Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, And TSLA

Good Morning Traders! Today's economic calendar for Wednesday is lighter overall, but markets will still be closely watching inflation related data and Treasury activity. The key release comes at 8:30AM ET with Producer Price Index data, including headline and core PPI figures, which will provide additional insight into inflation pressures following yesterday's CPI report. Markets may react sharply if producer inflation comes in materially above or below expectations. Additional events include c

New York Times Q1 Earnings Call Highlights
MarketBeat93d agoneutral
New York Times Q1 Earnings Call Highlights

New York Times (NYSE:NYT) reported a strong start to 2026, with executives pointing to continued digital subscription growth, a sharp increase in digital advertising revenue and ongoing investment in video journalism as key themes from the company’s first-quarter earnings call. President and Chief

SoftBank profit more than triples to $12 billion on OpenAI stake gains
Reuters93d agoneutral
SoftBank profit more than triples to $12 billion on OpenAI stake gains

Technology investor SoftBank Group reported on Wednesday that its net profit more than tripled to 1.83 trillion yen ($11.60 billion) in ‌the January-March quarter, as it booked gains on its investment in ChatGPT-maker OpenAI. It ‌was SoftBank's fifth consecutive quarterly profit, with the Vision Fund investing arm booking an OpenAI-driven gain of 3.1 ​trillion yen in the quarter. SoftBank founder and CEO Masayoshi Son is one of OpenAI's most enthusiastic backers, with the group saying its cumulative gains on the investment total $45 billion.

NiSource Q1 Earnings Call Highlights
MarketBeat93d agoneutral
NiSource Q1 Earnings Call Highlights

NiSource (NYSE:NI) reaffirmed its 2026 earnings outlook and raised its long-term growth expectations after reporting first-quarter adjusted earnings that management said reflected regulatory execution, infrastructure investment recovery and growing momentum in its data center strategy. The regulate

Alibaba, Tencent AI Bets Face ‘Show Me the Profits’ Scrutiny
Bloomberg93d agoneutral
Alibaba, Tencent AI Bets Face ‘Show Me the Profits’ Scrutiny

(Bloomberg) -- Chinese investors are heading into the earnings season demanding proof that billions in AI spending by tech giants is paying off.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyMamdani Scraps Property Tax Hike, Counts Second-Home RevenueIran Makes New Offer on Uranium in Response to US, WSJ SaysThat spotlight will fall on Alibaba Group Holding Ltd. and Tencent Holdings Ltd. whe

Bloomberg93d agoneutral
Anthropic In Talks to Raise $30 Billion at $900 Billion Valuation

(Bloomberg) -- Anthropic PBC is in early talks with investors to raise at least $30 billion in fresh financing, according to people familiar with the matter, setting the stage for what could be its largest funding round yet.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaInside a Year of Chaos and Conflict at Kevin Hart’s Media CompanyIran Makes New Offer on Uranium in Response to US, WSJ SaysMamdani Scraps Property Tax Hike, Counts Second-Home RevenueThe