Warren Buffett. Gerald Miller | CNBC An off-brand move to build up in Apple stock could have been Warren Buffett’s biggest trade. Berkshire Hathaway’s stake in Apple, which has claimed 40% of its share portfolio, has increased a whopping $ 40 billion since the market bottom in March. The investment …
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Jakub Porzycki | NurPhoto | fake pictures Johnson & Johnson said it expects to start an advanced-stage human trial for a possible coronavirus vaccine in late September, ahead of schedule. The company is in talks with the National Institutes of Health to advance the trial schedule, J&J Chief Scientific Director …
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Vox Media is laying off 6% of its staff, or about 72 employees, as advertising revenue decreased amid the coronavirus quarantines. Most of the layoffs were suspended by the company earlier this year, Chief Executive Jim Bankoff said in an email to employees obtained by CNBC. Vox is eliminating roles …
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A new entrant has emerged in the race to develop smart glasses that provide consumers with mixed and augmented reality experiences. The Indian Jio, part of the Reliance Industries conglomerate, announced a new mixed reality headset at its annual general meeting on Wednesday called Jio Glass. Kiran Thomas, President of …
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CNBC’s Jim Cramer said there are investors who want to sell stocks, regardless of positive earnings or encouraging economic data. That is putting pressure on US stocks on Thursday, he added. “Someone is a seller … There is a lot of money that wants to go out now,” Cramer said …
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