Renowned investor Warren Buffett recently disclosed his latest stock pick in a regulatory filing, revealing that his conglomerate Berkshire Hathaway has acquired nearly 26 million shares of insurer Chubb. This sizable investment amounts to a stake worth $6.7 billion, making Chubb Berkshire’s ninth largest holding by the end of March. Following this announcement, shares of
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The recent resurgence of GameStop on Reddit’s WallStreetBets page has once again captivated the attention of investors and market watchers. The video game retailer, which became a meme stock in 2021, has seen a renewed interest on the platform with mentions exceeding 900 in the last seven days. This surge in activity has propelled GameStop
When considering investment opportunities in the stock market, it is crucial to adopt a long-term mindset and rely on the insights of Wall Street analysts. One stock that has caught the attention of top pros is Domino’s Pizza (DPZ). Following a strong performance in the first quarter, the restaurant chain received a buy rating from
The late Charlie Munger, a revered figure in the investment world, was recently honored with a stunning bronze bust sculpture at the Omaha Marriott during the Berkshire Hathaway annual meeting. Standing at 24 inches tall, the sculpture served as a focal point for guests at the hotel, sparking conversations and admiration from Berkshire shareholders and
Chinese electric vehicle manufacturer Zeekr has priced its initial public offering at $21 per share, which is at the top end of its previously stated range. The company is set to sell 21 million American depository shares, raising a total of $441 million once it begins trading on the New York Stock Exchange under the
Billionaire investor Stanley Druckenmiller made headlines when he revealed that he had significantly reduced his position in chipmaker Nvidia earlier this year. Druckenmiller cited concerns about the potential overvaluation of Nvidia due to the rapid growth of artificial intelligence technology. He mentioned that the stock’s meteoric rise from $150 to $900 prompted him to take
Investors looking for reliable dividend stocks may want to consider the attractive option of Chord Energy (CHRD). This oil and gas operator in the Williston Basin has declared a base-plus-variable cash dividend of $3.25 per share, demonstrating its commitment to providing returns to shareholders. Analyst Gabriele Sorbara from Siebert Williams Shank sees potential in Chord
Warren Buffett’s Berkshire Hathaway has made headlines with its decision to cut its gigantic Apple stake in the first quarter. This move by the legendary “Oracle of Omaha” has sparked speculation and analysis among investors and market observers alike. The decision to downsize a one-time favorite bet has left many wondering about the rationale behind
Warren Buffett, known as one of the greatest investors of all time, has expressed caution when it comes to artificial intelligence (AI). During Berkshire Hathaway’s annual shareholder meeting, Buffett warned about the potential for AI to be used for scamming. He emphasized the technology’s ability to create realistic and misleading content that could enable bad
When Warren Buffett kicks off Berkshire Hathaway’s annual shareholder meeting on Saturday, the absence of Charlie Munger will be on everyone’s mind. Some 30,000 rapt shareholders are descending on Omaha for what’s been called “Woodstock for Capitalists.” Pandemic lockdown apart, it will be the first without Munger, Buffett’s longtime partner who passed away in November