Warren Buffett raised some eyebrows with Berkshire Hathaway‘s sale of 10 million shares of Apple in the fourth quarter of 2023. I wouldn’t read too much into the move, though. Apple remains by far the largest holding in Berkshire’s portfolio. Buffett also almost certainly remains a fan of the company. Less than one year ago, […]
(Bloomberg) — Senegalese President Macky Sall’s pledge to step down at the end of his term was cheered by investors, following weeks of turmoil sparked by his attempt to stay in power. Most Read from Bloomberg Prices on Senegal’s dollar eurobonds rose on Friday for the first time in four days, lowering yields on the […]
The long-put “butterfly” strategy guards against a potential bitcoin price drop to $47,000 by the end of March. The strategy, involving multiple trades, cost over $20 million. A large bitcoin {{BTC}} options bet crossed the tape on Tuesday, aiming to profit from a potential short-term price drop in bitcoin with the floor at $47,000. The […]
Shares of data center equipment designer Arista Networks (NYSE: ANET) have been on fire, more than doubling since the start of 2023. The fourth-quarter 2023 earnings update justified this company’s dominant position in the market as the realization settles in that artificial intelligence (AI) — or maybe just accelerated computing — is more than just […]
(Bloomberg) — Taiwan Semiconductor Manufacturing Co. gained about $42 billion of market value after investors bet the chipmaker to Nvidia Corp. and Apple Inc. will become one of the biggest winners of an AI development frenzy. Most Read from Bloomberg Taiwan’s largest company soared 7.9% in the first trading session after a week-long Lunar New […]
TAMPA, Fla. (WFLA) — For the first time, residents in Florida had the opportunity to legally place bets on the Super Bowl. Gaming attorney and sports betting legal expert Dan Wallach said if you didn’t get your bets in this time, you might have missed your chance because Super Bowl LVII could be the last […]
This year, for the first time, it is legal to bet on the Super Bowl in Florida. Floridians may now join the estimated 68 million Americans expected to bet $23.1 billion on Super Bowl 58 this Sunday, a 35% jump from last year, according to the American Gaming Association. That’s 26% of all adults in the nation. […]
Former President Donald Trump never hesitates to take contradictory positions if it helps his cause. He brags about appointing Supreme Court justices who overturned the right to abortion. But he won’t say, while running again for president, what the federal or state governments should do now on that issue. He complains that America’s southern border […]
(Bloomberg) — MicroStrategy Inc. may be at an inflection point when it comes to Michael Saylor’s controversial decision almost four years ago to bet the enterprise-software maker’s future on Bitcoin. Most Read from Bloomberg Quarterly results will likely get more volatile under a recently approved accounting rule change that requires valuing the digital asset at […]
Ukraine is in first place in the bookmaker’s forecast for winning the Eurovision Song Contest, even without knowing who will be representing the country in Malmo, Sweden – the site of 2024’s Eurovision. The first semifinal for the contest will be held on May 7, the second on May 9, and the grand finale on […]
2023 was a big year for the stock market with all the major indexes enjoying the bull market’s spoils. However, the gains were mostly driven by the tech giants and not all sectors of the market flourished. For instance, Utilities stocks had a tough year, meaningfully underperforming the broader markets. But as every savvy investor […]
U.S. Rep. Nancy Pelosi, D-California, has achieved significant financial gains from her recent investment in Nvidia Corp. (NASDAQ:NVDA), a prominent company in artificial intelligence (AI) and semiconductors. On Nov. 22, Pelosi acquired 50 call options for Nvidia with a strike price of $120, expiring on Dec. 20, 2024. The transaction value ranged between $1 million […]