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Warren Buffett has been selling more stocks than buying from Berkshire Hathaway's portfolio for the last 6 quarters, including selling a portion of his Apple stake and all of his Paramount shares. Buffett trimmed 13% of Berkshire's Apple position, still the largest holding, to take tax losses now ahead of potential future tax increases. Berkshire no longer sees Paramount as having the right assets to be a successful entertainment company. Berkshire's main stock purchases were adding to its Liberty SiriusXM tracking stock position and Occidental Petroleum stake.
⏲ 0:35 👁 3.2M
Bluford (Blu) Putnam, former Managing Director and Chief Economist of CME Group on Benzinga's Premarket Prep. <br/><br/>- Evolving expectations for the Fed Funds Rate at the end of 2024<br/>- PCE Core Inflation VS Fed Funds Rate<br/>- Taylor Rule for the Fed Funds Rate<br/>Inflation<br/>- Wage inflation<br/>- Shelter inflation<br/>- Tariffs on China, impact on inflation
⏲ 17:53 👁 360K
Renowned gold advocate Peter Schiff has criticized President Joe Biden’s new tariffs, labeling them as taxes that will exacerbate the economic situation.
⏲ 0:59 👁 2.6M
Riddles are like mental gymnastics for your brain, stretching and flexing your creative muscles. They challenge you to think outside the box, coming up with unique solutions to tricky problems. By engaging with riddles regularly, you learn to approach problems from different angles, honing your ability to think creatively. Plus, solving riddles often requires lateral thinking, where you connect seemingly unrelated ideas to find the answer. So, here's your chance to get all those benefits - try solving these riddles!<br/>Animation is created by Bright Side.<br/>----------------------------------------------------------------------------------------<br/>Music from TheSoul Sound: https://thesoul-sound.com/ <br/><br/>Check our Bright Side podcast on Spotify and leave a positive review! https://open.spotify.com/show/0hUkPxD34jRLrMrJux4VxV <br/><br/>Subscribe to Bright Side: https://goo.gl/rQTJZz <br/>----------------------------------------------------------------------------------------<br/>Our Social Media:<br/>Facebook: https://www.facebook.com/brightside <br/>Instagram: https://www.instagram.com/brightside.official<br/>TikTok: https://www.tiktok.com/@brightside.official?lang=en <br/><br/>Stock materials (photos, footages and other):<br/>https://www.depositphotos.com<br/>https://www.shutterstock.com<br/>https://www.eastnews.ru<br/>----------------------------------------------------------------------------------------<br/><br/>For more videos and articles visit:<br/>http://www.brightside.me
⏲ 11:46 👁 2.9M
On Thursday, Rep. Thomas Massie (R-Ky.) introduced a bill aimed at abolishing the Federal Reserve, following a poll of his followers on X, formerly Twitter. The Kentucky Republican announced the introduction of the “End the Fed” bill, officially known as the Federal Reserve Board Abolition Act, HR 8421. Massie stated, “Americans would be better off if the Federal Reserve did not exist. The Fed devalues our currency by monetizing the debt, causing inflation.”<br/>Thomas Massie
⏲ 1:1 👁 370K
Walmart's stock price rose after it reported first-quarter earnings that beat analyst expectations, demonstrating consumer resilience in spending despite economic pressure. Walmart's market capitalization surpassed $500 billion for the first time following the strong earnings results. Walmart's CFO stated that consumers have remained consistent in spending from quarter to quarter, though budgets remain stretched. Upper-income consumers are increasingly shopping at Walmart. Analysts noted Walmart's increasing focus on higher-margin revenue streams like digital advertising, marketplace fees, and fulfillment services contributing to growth.
⏲ 0:38 👁 235K
Website-building platform Squarespace announced it will go private in a $6.9 billion all-cash deal with private equity firm Permira. Permira will pay $44 per share, a 30% premium over Squarespace's unaffected stock price. Squarespace struggled as a public company, opening below its reference price and never trading above its IPO price. Major shareholders approved the deal and will remain investors after the acquisition. The deal marks a trend of smaller tech companies going private after difficulties in the public markets.
⏲ 0:36 👁 680K
Microsoft is planning to introduce Advanced Micro Devices' artificial intelligence chips to its cloud computing customers, aiming to rival Nvidia's components.
⏲ 0:49 👁 200K
Stock Markets Rally , Amid Investor Hopes for , Interest Rate Cuts in 2024.<br/>On the morning of May 15, both the S&P and the <br/>Nasdaq hit all-time highs after new data suggested <br/>inflation may be easing in line with expectations.<br/>Quartz reports that the Dow Jones Industrial Average <br/>is also inching toward the record-breaking <br/>40,000 mark, which it almost hit in March. .<br/>According to the latest Bureau of Labor <br/>Statistics data, April saw the Consumer Price <br/>Index, a key gauge of inflation, rise by 3.4%.<br/>At the same time, consumer prices <br/>increased by 0.3%, slowing slightly <br/>from March's 0.4% increase.<br/>The latest data also shows that core prices, <br/>which don't include food and energy, saw the lowest <br/>increase since April of 2021, rising just 3.6%. .<br/>As a result, investors have a sense of <br/>renewed hope that the Federal Reserve will <br/>begin to cut interest rates at some point in 2024.<br/>The latest inflation data was released one day <br/>after the Producer Price Index, which <br/>measures wholesale inflation, increased 0.5%. .<br/>Over the past year, the <br/>index has increased 2.2%.<br/>Shortly after markets opened, the Dow <br/>jumped up 147 points, hitting 39,705, while the <br/>S&P 500 and the Nasdaq saw 0.5% increases.<br/>Shares in GameStop were down 30% after <br/>experiencing a boost earlier this week by <br/>the online return of investor \
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There's no way meme stocks should be at such elevated levels on their own, says Cramer. GameStop has gained 179% and AMC 135% so far this week amid logic-defying rallies.
⏲ 1:8 👁 7.4M
Here are the ratings of the most accurate analysts for three high-yielding stocks in the materials sector from Benzinga's Analyst Stock Ratings page. Benzinga.com readers can sort through our extensive database of analyst ratings, including by analyst accuracy.
⏲ 1:17 👁 190K
Popular meme stocks GameStop and AMC saw their share prices plunge over 15% from the previous day's close as markets opened on Thursday.  GME fell 18% from its prior close, and AMC opened down 8% and continued falling through the day. The declines came after the re-emergence of influential Reddit trader Roaring Kitty on social media. Kitty's cryptic social media posts featuring movie clips revived speculation around the meme stocks. The meme stock frenzy appears to be fading again on signs Kitty's impact may be temporary.
⏲ 0:35 👁 170K
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