Warren Buffett’s Berkshire Hathaway dumped even more bank stocks in the first quarter, exiting Citigroup entirely and selling more Bank of America shares. The Omaha-based conglomerate sold out of its Citigroup position by the end of March, according to a new regulatory filing. The holding was worth more than $1 billion at the end of 2024 and Berkshire had owned the stock since the first quarter of 2022. Berkshire trimmed its Bank of America stake for a third straight quarter, bringing its bet to 631.6 million shares worth more than $26 billion. Even after the latest sale, the nation’s second-largest bank…
Author: usaeverydaylife
TORONTO — Canada has quietly become a global leader in digital assets.Canada was among the first countries to enact rules for crypto, starting with anti-money laundering guidelines in 2014. The country has repeatedly evolved its regulatory guidance in recent years, while U.S. lawmakers remain stuck in gridlock — even with a pro-crypto White House and a Republican-controlled Congress. That regulatory clarity has made Toronto a launchpad for blockchain growth, and Wall Street is taking notice.Robinhood’s recent acquisition of Canadian crypto firm WonderFi, owner of Bitbuy and Coinsquare, plugs it into Canada’s established user base.”Canada is a very attractive market for…
Philippe Laffont’s Coatue Management took a sizable stake in Nvidia-backed artificial intelligence infrastructure provider CoreWeave amid the first’s highly anticipated March initial public offering. The hedge fund unveiled a $534 million holding in CoreWeave, which in late March had the biggest venture-backed tech IPO for a U.S. company since 2021. On Wednesday, the AI firm reported better-than-expected revenue in the company’s first earnings release since going public. CoreWeave also called for faster growth than expected for this year. Laffont, one of the so-called Tiger Cubs who previously worked under the late Julian Robertson at Tiger Management, owned a slew of…
Price increases due to tariffs are just weeks away. Despite that warning from Walmart on Thursday, shares of the retail giant and two others stand the best chance to still thrive in this environment. We own both of them: Costco and Amazon . “There are going to be [price] hikes. The question is who can eat them, who can afford it — and then most importantly, who has the scale to say to the suppliers, ‘We’re not paying that price,'” Jim Cramer said during Thursday’s Morning Meeting for Investing Club members. “He who has the biggest balance sheet in retail…
UAE President Sheikh Mohamed bin Zayed Al Nahyan (R) welcomes his US counterpart Donald Trump upon arrival at the presidential terminal in Abu Dhabi on May 15, 2025. Anadolu | Anadolu | Getty ImagesThe U.S. and United Arab Emirates are partnering on a massive artificial intelligence campus touted as the largest such facility outside the U.S., the White House said Thursday.The Abu Dhabi data center will be built by the Emirate firm G42, which will partner with several U.S. companies on the facility, according to the release from the Department of Commerce. It will have a 5-gigawatt capacity and cover…
The Coinbase logo is displayed on a mobile phone screen with stock market percentages in the background.Idrees Abbas | Sopa Images | Lightrocket | Getty ImagesCoinbase on Thursday confirmed the U.S. Securities and Exchange Commission has been investigating whether the crypto exchange has misstated its user numbers.The stock was last lower by 6%.The inquiry focuses on the number of “verified users” reported by the company, which it has claimed is more than 100 million in various securities filings and marketing materials, according to The New York Times, which first reported the story that sent the stock lower. The investigation began…
Dan Sundheim’s D1 Capital dumped its shares of some heavyweight tech and media giants during the first quarter, but picked up new positions in a few food and financial stocks, according to a newly released regulatory filing. The hedge fund—which was worth $6.5 billion at the end of the first quarter—sold more than $147 million worth of Meta Platforms shares and nearly $146 million worth of Spotify shares during the period, entirely dissolving its stake in both companies. D1 also sold all of its shares in MongoDB , Delta Air Lines , and entertainment companies Warner Music Group and Live…
US Senator Susan Collins, Republican from Maine, questions Secretary of Health and Human Services Robert F. Kennedy Jr., during a Senate Committee on Health, Education, Labor, and Pensions hearing on the President’s proposed budget request for fiscal year 2026 for the Department of Health and Human Services, on Capitol Hill in Washington, DC, May 14, 2025. Jim Watson | Afp | Getty ImagesSen. Susan Collins of Maine on Thursday captured the growing sense of frustration among Republicans in Congress over President Donald Trump’s plan to accept a $400 million jet from the royal family of Qatar to be converted into…
FBI Director Kash Patel testifies during a House Commerce, Justice, Science, and Related Agencies Subcommittee hearing on the 2026 agency’s budget request on Capitol Hill in Washington, DC, on May 7, 2025. Oliver Contreras | AFP | Getty ImagesThe FBI on Thursday warned that “malicious actors” are impersonating senior U.S. officials in AI-generated voice memos that target current and former government officials, as well as their contacts.”If you receive a message claiming to be from a senior US official, do not assume it is authentic,” the FBI said in an announcement.Since last month, the scammers have “sent text messages and…
Michael Intrator, founder and CEO of CoreWeave Inc., Nvidia-backed cloud services provider, attends his company’s IPO at the Nasdaq Market in New York City on March 28, 2025.Brendan McDermid | ReutersCoreWeave shares jumped more than 5% Thursday as the renter of artificial intelligence servers posted strong revenues and CEO Michael Intrator reinforced the company’s plans to spend on growth.In its first earnings report since its market debut in March, CoreWeave said it expects capex of $20 billion to $23 billion for the year, topping a $4.61 billion estimate for the year from analysts surveyed by LSEG. The range included the…
