Dan Loeb’s Third Point dialed up its conviction in big tech winners last quarter, buying still larger positions in Microsoft , Nvidia and Amazon , according to a quarterly regulatory filing. The fund added to all three megacap stocks in the third quarter and, in Microsoft’s case, more than doubled its stake, making the Xbox and Windows maker Third Point’s fourth-largest holding at the end of September. Loeb had dumped almost all of positions in the so-called Magnificent 7 earlier this year amid tariff concerns, but the latest moves show he’s rebuilding his tech bets as market sentiment improves. Still,…
Author: usaeverydaylife
Options trader Mike Khouw joins the ‘Fast Money’ traders to talk options action he is seeing in Nvidia. Source link
U.S. President Donald Trump gestures during an announcement from the State Dining Room at the White House in Washington, D.C., U.S., Oct. 23, 2025.Jonathan Ernst | ReutersPresident Donald Trump on Friday exempted key agricultural imports like coffee, cocoa, bananas and certain beef products from his higher tariff rates.The move comes as Trump faces political blowback for high prices at U.S. grocery stores. Some distributors of beef, coffee, chocolate and other common food items have raised prices as Trump’s tariffs took hold this year, adding to pressure on household budgets created by decades-high inflation in recent years.Trump’s action Friday also exempts a range of fruits including tomatoes,…
NASA astronaut Anne McClain is helped out of the SpaceX Dragon Endurance spacecraft onboard the SpaceX recovery ship SHANNON after she, NASA astronaut Nichole Ayers, JAXA (Japan Aerospace Exploration Agency) astronaut Takuya Onishi, and Roscosmos cosmonaut Kirill Peskov landed in the Pacific Ocean on August 9, 2025 off the coast of San Diego, California. Nasa | Getty ImagesA former Air Force intelligence officer has pleaded guilty to lying to a federal agent by falsely claiming that her estranged astronaut wife illegally accessed her bank account while aboard the International Space Station for six months, prosecutors in Houston, Texas, said Friday.The…
A nascent rebound in Chinese consumer appetite, paired with resilient U.S. spending, is reigniting the luxury sector, with Richemont , Salvatore Ferragamo , LVMH and Ralph Lauren are emerging as key names to watch. Chiara Battistini, head of European luxury and sporting goods at J.P. Morgan, said the bank continues to favor Richemont, which has been its top pick in the luxury space for the past three years. Shares in the Swiss company jumped as much as 7% in early trade on Friday after it reported group sales of 10.6 billion euros ($12.3 billion) for the six-month period to the end…
FILE PHOTO: A Boeing logo is seen before the opening of the 55th International Paris Airshow at Le Bourget Airport near Paris, France, June 13, 2025.Benoit Tessier | ReutersBoeing defense workers approved on Thursday on a new contract that will end a more than three-month strike that has delayed the manufacturer’s production of F-15 fighter jets and other programs.The workers rejected previous offers, with their union saying the proposals failed to address concerns.The contract proposal the roughly 3,200 workers voted on Thursday includes 24% wage increases over five years as well as a $6,000 up-front bonus, up from $3,000, though it gets rid of…
Electricity prices are surging, voters are growing angry, and the artificial intelligence industry’s data centers are increasingly a target for blame with U.S. mid-term elections on the horizon.Residential utility bills rose 6% on average nationwide in August compared with the same period in the previous year, according to the U.S. Energy Information Administration.The reasons for price increases are often complex and vary by region. But in at least three states with high concentrations of data centers, electric bills climbed much faster than the national average during that period. Prices, for example, surged by 13% in Virginia, 16% in Illinois and…
new video loaded: What the U.S. Absence at COP30 Tells UsWorld leaders are meeting at the COP30 this week to discuss climate. The U.S. was not part of this meeting. Somini Sengupta, our international climate reporter, discusses what this absence means.By Somini Sengupta, Katrin Bennhold, Christina Thornell, Leila Medina and Stephanie SwartNovember 13, 2025 Source link
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025.CNBCWarren Buffett’s Berkshire Hathaway revealed a new position in Alphabet, making the Google parent the conglomerate’s 10th largest equity holding at the end of September, according to a regulatory filing.Berkshire disclosed a $4.3 billion stake in Alphabet at the end of the third quarter, a surprising move given Buffett’s traditional value investing philosophy and reluctance toward high-growth, tech names. While Berkshire has owned Apple for years, Buffett has called it more of a consumer products company than a pure tech play.The purchase was also…
Eric Baker, co-founder and chief executive office of StubHub Holdings Inc., during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Sept. 17, 2025. Michael Nagle | Bloomberg | Getty ImagesStubHub shares plunged 20% in extended trading on Thursday after the company reported quarterly results for the first time since its initial public offering in September.Here’s how the ticket vendor did in comparison with LSEG consensus:Loss per share: $4.27Revenue: $468.1 million vs. $452 million expectedDuring a conference call with investors, StubHub CEO and founder Eric Baker said…
