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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The number of Americans applying for unemployment benefits increased more than expected last week, as the country continues to grapple with the economic impacts of the coronavirus pandemic. Weekly initial jobless claims reached 1.3 million for the week ending July 11, the Labor Department said Thursday. Economists surveyed by Dow …
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James Gorman, President and CEO of Morgan Stanley, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland, on January 22, 2020. Adam Galici | fake pictures Morgan Stanley released second-quarter results on Thursday that beat analyst estimates of stronger business revenue than expected. The bank …
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Bank of America released second-quarter earnings on Thursday that were bolstered by stronger-than-expected bond trading and investment banking revenues. The bank said it generated earnings of $ 3.5 billion, or 37 cents a share, exceeding the 27 cents a share expected by analysts polled by Refinitiv. However, revenue of $ …
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A person walks at the Wall Street subway stop in New York City. Angela Weiss | AFP | fake pictures Stock futures changed little in trading overnight Wednesday as the earnings season kicks off, giving investors a clearer picture of the overall health of American companies. Dow Jones Industrial Average …
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