Over the last several weeks, companies have been reporting earnings for the first quarter of 2024. Considering both the S&P 500 and Nasdaq Composite are notching record highs, investors have been keen to assess the progress of the hottest themes in the market. Artificial intelligence (AI), new breakthrough medications in the pharmaceutical industry, and a […]
Chubb (CB) stock surged early Thursday, signaling a possible move above an official buy point after Warren Buffett’s Berkshire Hathaway (BRKB) revealed Wednesday it had built a $6.7 billion position in the insurance giant, according to regulatory filings. X Buffett bought around 26 million shares of Chubb worth $6.7 billion, the 13F filing submitted on […]
(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. unveiled a $6.7 billion stake in insurer Chubb Ltd., ending months of suspense over its mystery position in a financial firm, previously kept concealed in regulatory filings. Most Read from Bloomberg Berkshire disclosed the holding in a filing on Wednesday, reflecting its positions at the end of the […]
(Reuters) -Chubb, which had insured Baltimore’s Francis Scott Key Bridge, is getting ready to pay $350 million to the state of Maryland, in what could be the first major payout tied to the collapsing of the bridge in March. The payment is expected to be authorized within weeks, a spokesperson for WTW, the broker for […]