C&E Industry News Filter

Buffett and Berkshire added big to their bets on Ally, Occidental, Paramount and Activision. But these other 6 stocks also got a vote of confidence.

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Warren Buffett’s Berkshire Hathaway Inc. added to nine stock holdings during the second quarter, reduced holdings of four and sold two outright. That’s according to Berkshire Hathaway’s BRK.B, +1.24% most recent 13F filing with the Securities and Exchange Commission. The company held 45 stocks with a combined market value of $330.1 billion as of June …

Buffett and Berkshire added big to their bets on Ally, Occidental, Paramount and Activision. But these other 6 stocks also got a vote of confidence. Read More »

Ready to cash out some gains on this stock market run? An exit path is about to emerge, says this strategist

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Welcome to moody Monday, with stock futures down and oil prices getting hit hard after a batch of downbeat data from China, alongside a surprise rate cut. Some say that the global growth engine’s economic issues belong in a different box from the rest of the world, owing to Cihna’s self-imposed slowdown via COVID restrictions. …

Ready to cash out some gains on this stock market run? An exit path is about to emerge, says this strategist Read More »

Disney earnings suggest the ‘streaming wars’ are officially over

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Walt Disney Co. plans to raise prices on various streaming offerings as it gears up for the Dec. 8 launch of an ad-supported tier, marking the latest sign that the streaming market isn’t what it used to be. Whereas media companies once rushed to launch new services and grab new subscribers with flashy offers, they …

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Auto makers warn most electric vehicles won’t qualify for federal tax credit

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But the auto industry is warning that the vast majority of EV purchases won’t qualify for a tax credit that large. That’s mainly because of the bill’s requirement that, to qualify for the credit, an electric vehicle must contain a battery built in North America with minerals mined or recycled on the continent. And those …

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Here’s the big concern with chip makers scoring billions in funds from Uncle Sam

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On the day that Congress finally passed a long-awaited funding package for domestic U.S. chip production, Intel Corp. slashed $4 billion from its spending plans while detailing disappointing earnings that one analyst called “the worst we have seen in our career.” On Tuesday, when President Biden signed that bill into law with Micron Technology MU, …

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Why are gas prices falling? National average below $4 a gallon for first time since March: GasBuddy

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Filling up at the gasoline pump may still be a painful pocketbook experience, but the hurt appears to be fading day by day, with the U.S. national average price sliding below $4 a gallon Tuesday for the first time since March, according to one tracking service. The average price fell to $3.99 on Tuesday, according …

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BlackRock warns investors should buy defensive stocks and bonds as tech-led rally at risk of fizzling

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Following July’s spectacular rally, U.S. stocks SPX, -0.42% have been caught in a tight trading range over the past two weeks as investors struggle to make sense of some of the most confounding economic data in recent years. But while the S&P 500 index has held above the key 4,000 level thanks largely to a …

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Bed Bath & Beyond stock set to snap longest win streak in 15 years after Baird analyst suggests it’s time to sell

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Shares of Bed Bath & Beyond Inc. tumbled Tuesday, putting them in danger of their first decline in two weeks, after Baird analyst Justin Kleber suggested investors sell, saying the latest “meme stock frenzy” comes despite continued liquidity concerns. Baird’s Kleber turned bearish on the home goods retailer after its stock BBBY, -14.20% soared 39.8% …

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The red flag that preceded a halving of global equities in 2000 and 2007 is back, warns Citi

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We are a day away from data that could prove a turning point for markets. If Wednesday’s CPI doesn’t reveal some slowing in prices, expectations will rise for a bigger Fed rate hike in September, possibly knocking stocks. But if it swings the other way, especially after surprisingly good jobs data, the view that things …

The red flag that preceded a halving of global equities in 2000 and 2007 is back, warns Citi Read More »

Upstart stock drops after earnings, but CEO says he’s ‘confident’ in value of AI lending

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Upstart Holdings Inc. shares fell after the company delivered a lower-than-expected revenue forecast for the current quarter, but its chief executive expressed confidence in the performance and value of artificial-intelligence-driven lending. Since Upstart UPST, +9.02% offered preliminary second-quarter results a month ago that fell shy of expectations, the key issue headed into the company’s official …

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