Jakub Porzycki | Nurphoto | Getty Images Investors piled back into artificial intelligence names on Monday stateside. Shares of Nvidia jumped 5.8%, Broadcom advanced 2.6% and Microsoft climbed 1.9% to end its eight-day losing streak, its longest consecutive decline since 2011.Market watchers are hoping that another historically long streak — the U.S. government shutdown — could soon be snapped as well. As of this newsletter’s publication time, lawmakers in the U.S. Senate are voting on a deal to reopen the government, though it still has to pass through the House and then signed into law by President Donald Trump (who…
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Warren Buffett laid out a plan to “step up” the pace of giving away his $149 billion estate to his children’s foundations, while still allowing for a short period that lets Berkshire Hathaway shareholders gain confidence in incoming CEO Greg Abel.Buffett, in a Thanksgiving letter that will become an annual tradition, said he needs to accelerate the disbursement of his Berkshire stock to his three children’s foundations because of their own advanced ages and that by doing so it will “improve the probability that they will dispose of what will essentially be my entire estate before alternate trustees replace them.”Abel,…
Paramount Global and Skydance logos are seen in this illustration taken December 17, 2024. Dado Ruvic | ReutersParamount Skydance said on Monday it expects $1 billion more in merger savings than it previously forecast as it outlines CEO David Ellison’s ambitions for the company.The update came in Paramount’s third-quarter earnings report — the company’s first since its merger closed in early August. Ellison has been investing heavily in streaming and content, including live sports rights, and paying for it in part with cuts to other parts of the business.Paramount on Monday announced a new round of layoffs, affecting roughly 1,600…
There are a number of companies that have the financial ability to start paying dividends to shareholders, according to Morgan Stanley. Those that do so have the potential to then generate outsized returns for investors, strategist Todd Castagno said in a recent note. The firm found that companies that initiate a regular, quarterly dividend outperformed the market by an average 650 basis points in the six months post announcement, and by an average 920 basis points 12 months afterwards. Dividends can also help stabilize portfolios during times of uncertainty and high valuations, Castagno wrote. “During times of higher risk and…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyEd Meyercord, Extreme Networks CEO, joins ‘Fast Money’ to talk how Extreme Networks is carving out an identity in this market.04:236 hours ago Source link
A landscaped Sunset shot over Osaka toward the Dojima River, we see the modern city skyline of Osaka in the shot, this is a beautiful shot of the sunset with beautiful orange colors, over the modern city.©Fitopardo | Moment | Getty ImagesAsia-Pacific markets traded mixed Tuesday after Wall Street gains on revived artificial intelligence optimism and growing hopes that the U.S. government shutdown will end soon.On Monday stateside, Nvidia stocks jumped 5.8% to lead gains on the S&P 500. Other tech stocks rallied, including Google parent Alphabet, which advanced 4%, and Microsoft, which added 1.9% to end its eight-day losing…
U.S. President Donald Trump looks on during the swearing-in ceremony of U.S. Ambassador to India Sergio Gor in the Oval Office of the White House on Nov. 10, 2025 in Washington, DC.Anna Moneymaker | Getty ImagesUpdate: The Senate on Monday night passed the deal, sending the funding bill to the House.President Donald Trump on Monday said he approves of a pending deal in the Senate that would bring the record-breaking U.S. government shutdown to an end.”I would say so,” Trump said in the Oval Office, “based on everything I’m hearing” about the deal, which cleared a key procedural hurdle in…
The sun rises over frost-covered houses in December 2022 in London, England. Cold weather has returned in January, causing the U.K. power supplier to offer financial incentives for households to cut use at peak times.Leon Neal | Getty Images News | Getty ImagesLONDON — European stocks rallied on Monday as a deal on a funding package that could end the U.S. government shutdown appears to be getting closer.The pan-European Stoxx 600 closed the session 1.4% higher, with major bourses and almost all sectors in positive territory.The U.K.’s FTSE index was over 1% higher at the closing bell in London, Germany’s…
A FlexJet Gulfstream G450 airplane approaches San Diego International Airport for a landing on May 9, 2025 in San Diego, California. Kevin Carter | Getty Images News | Getty ImagesDemand for flights on private jets has been on the rise during the U.S. government shutdown as commercial air travel headaches have worsened, the CEO of private jet charter and fractional ownership company Flexjet told CNBC.More than 17,000 U.S. commercial flights were delayed over the weekend, partly due to major staffing shortages at air traffic control facilities coast to coast, according to FlightAware. That was on top of several hundred preplanned…
The Sony Group Corp. logo displayed on a screen at the Combined Exhibition of Advanced Technologies (Ceatec) in Chiba, Japan, on Wednesday, Oct. 16, 2024. Bloomberg | Bloomberg | Getty ImagesSony Group on Tuesday reported an increase in its second-quarter operating profit that beat expectations, while announcing a share buyback of up to 100 billion Japanese yen ($648 million).Here are Sony’s second-quarter results compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate: Revenue: 3.108 trillion Japanese yen vs. 2.985 trillion yen expectedOperating profit: 429 billion yen vs. 398.44 billion yen expectedSony’s operating profit jumped 10% compared to the…
