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☆ Stocks making the biggest moves premarket: AMC, Etsy, First Solar and more
▼ + stars: | 2023-09-14 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

AMC Entertainment — Shares of the movie theater chain jumped 5% in premarket trading after AMC said it had completed the equity offering it announced earlier this month. The company said it sold 40 million shares at an average price of $8.14, raising about $325.5 million. In the second quarter, the company earned 11 cents a share, after adjustments, exceeding analysts' expectations of 2 cents per share, according to FactSet. Penn Entertainment — The sports betting stock climbed 3% in premarket trading following a short-term buy call from Deutsche Bank. The conglomerate sold about 5.5 million shares of HP, worth around $158 million.

Persons: Wolfe, Semtech, Warren Buffett's Berkshire Hathaway, Shawn Fain, Jim Farley, — CNBC's Michelle Fox, Alex Harring, Yun Li, Tanaya Macheel, Jesse Pound, Pia Singh Organizations: AMC, Wolfe Research, Penn Entertainment, Deutsche Bank, BMO Capital Markets, Exxon Mobil, Chevron, Brent, Occidental Petroleum, HP —, HP, Berkshire, General Motors, Ford —, United Auto Workers, Ford Locations: China, Devon, Omaha

☆ JPMorgan's Jamie Dimon warns of recession and rate hikes, flags global dangers, and quotes Warren Buffett twice in a new interview. Here are the 8 best quotes.
▼ + stars: | 2023-09-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Dimon quoted Warren Buffett twice to flag the risks to banks and trumpet prudence in business. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. The billionaire banker and JPMorgan CEO also championed prudent risk management, and warned that more lenders could run into problems like Silicon Valley Bank did this spring. If you have that with a recession, yes, you're going to see a little bit more stress and strain in the system." (Dimon was referring to other banks getting caught out by rising interest rates like Silicon Valley Bank.)

Persons: Jamie Dimon, Dimon, Warren Buffett, headwinds, It's, we've, There's, Warren, — he's Organizations: Service, JPMorgan, Bank, Barclays, AlphaSense, Silicon Valley Bank Locations: Wall, Silicon, Ukraine, Silicon Valley

☆ 'Far deeper market losses will emerge': A notorious market bear who called the 2000 and 2008 crashes warns the S&P 500's losses are only just beginning as stock valuations remain near their 1929 and 2
▼ + stars: | 2023-09-09 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

John Hussman says stocks are due for substantial losses amid high valuations. Here's Hussman's favorite measure of valuation: total market cap of non-financial-sector stocks-to-total revenues of those stocks. Hussman FundsAnother valuation measure Hussman likes is the Shiller cyclically-adjusted price-to-earnings (CAPE) ratio. Hussman Funds"Current market conditions create what we continue to view as a 'trap door' situation for the equity market. Another reason Hussman's outlook is so dire is that stock valuations remain high relative to where risk-free Treasury yields are.

Persons: John Hussman, Hussman, Here's, Warren Buffett Organizations: Hussman Investment Trust, Hussman, Fed, Treasury, America, Bank of America, Reserve

☆ US home builders ramped up construction in July, beating expectations
▼ + stars: | 2023-08-16 | by ( Anna Bahney | ) edition.cnn.com time to read: +4 min

Housing starts, a measure of new-home construction, climbed to a seasonally adjusted annual rate of 1.452 million in the month, beating market expectations of 1.448 million, according to data released Wednesday by the Census Bureau. “Buyers embraced new homes in the first half of this year as a welcome alternative to the massive shortage of existing homes,” Ratiu said. The slight increase in starts suggests builders have some optimism, she said, though it remains to be seen what future mortgage rate increases may mean for the market. “In many cases, even repurchasing their same home at today’s mortgage rates would be out of a typical buyer’s price range.”Mortgage rates are hovering around 7% and interested buyer traffic is slowing down for some builders. The National Association of Home Builders/Wells Fargo Housing Market Index, released Tuesday looks at current sales, buyer traffic and the outlook for sales of new construction homes over the next six months.

Persons: George Ratiu, “ Buyers, ” Ratiu, “ Homebuilders, ”, “, eeking, Kelly Mangold, ” Mangold, Alicia Huey, Warren Buffett’s Berkshire Hathaway, LEN, Horton Organizations: DC CNN, Housing, Census, “, West, Real Estate Consulting, National Association of Home Builders Locations: Washington, Midwest, West, Wells Fargo, Lennar

☆ Stocks making the biggest moves after hours: Discover Financial, Lennar, Getty Images and more
▼ + stars: | 2023-08-14 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Discover Financial Services — The financial services stock fell more than 5% after announcing the resignation of its CEO. Horton , Lennar a nd NVR rose in extended trading after regulatory filings revealed Warren Buffett's Berkshire Hathaway added new positions in the stocks during the second quarter. Horton rose 2.7%. Getty Images — Shares of the content creation company tumbled about 15% in extended trading after it issued preliminary second-quarter results. Getty Images posted a loss of 1 cent per share, compared with the 9 cents per share earned in the year-ago period.

Persons: Roger Hochschild, John Owen, D.R, Lennar, Warren Buffett's Berkshire Hathaway, NVR, Horton, —, Darla Mercado Organizations: Discover Financial, Getty, Revenue Locations: Horton

☆ A Florida state attorney suspended by Ron DeSantis in 2022 said the governor's a 'scared candidate who is desperate to rescue his presidential campaign'
▼ + stars: | 2023-08-10 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

Ron DeSantis suspended State Attorney Andrew Warren, alleging he picked and chose which laws to enforce. Just over a year later, on Wednesday, DeSantis suspended State Attorney Monique Worrell, citing a "neglect of duty and incompetence." In a published opinion piece, Warren claimed that DeSantis suspended Worrell because he "is desperate to rescue his presidential campaign." On Wednesday, just over a year after Warren's suspension, DeSantis suspended State Attorney Monique Worrell, citing a "neglect of duty and incompetence." DeSantis' decision to suspend Worrell on Wednesday comes as his campaign trails behind former President Donald Trump in polling.

Persons: Ron DeSantis, Andrew Warren, DeSantis, Monique Worrell, Warren, Worrell, he's, Donald Trump, Trump Organizations: Florida Gov, Service, Daily, Gov Locations: Florida, Wall, Silicon, Orlando

☆ DeSantis replaces an elected Democratic state prosecutor for the 2nd time, as his campaign continues to circle the drain
▼ + stars: | 2023-08-09 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

Ron DeSantis just suspended an elected Democratic state attorney. He said State Attorney Monique Worrell neglected her duty as a prosecutor. This is the second time in just over a year that DeSantis suspended an elected, Democratic state attorney. Ron DeSantis just replaced an elected Democratic state prosecutor, the second time he's done so in just over a year. Worrell, a Democrat, was elected as Florida's Ninth Judicial Circuit State Attorney in November 2020, where she garnered 66.6 percent of the final vote against her Republican opponent.

Persons: Ron DeSantis, Monique Worrell, DeSantis, Andrew Bain, Worrell, Andrew Warren, Warren, Donald Trump, Trump, Generra Peck, James Uthmeier Organizations: Florida Gov, Democratic, Service, Orange, Orange County Court, Democrat, Judicial Circuit, Republican Locations: Wall, Silicon, Orange County, Central Florida, FiveThirtyEight

☆ Elon Musk touched on Nvidia, Cybertruck, Warren Buffett, and the dangers of debt on Tesla's latest earnings call. Here's his 12 best quotes.
▼ + stars: | 2023-07-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Elon Musk mentioned Warren Buffett, Nvidia, cyborgs, and "Game of Thrones" on Tesla's earnings call. Musk is worried about rising credit-card debt and the bewildering economic backdrop. The Twitter owner and Tesla and SpaceX CEO also warned retail investors about the dangers of margin trading, rang the alarm on rising credit-card debt, and said he's totally confused about the state of the global economy. In fact, if you look at the rise in credit-card debt, they're not breaking even every month. Credit-card debt is freaking scary."

Persons: Elon Musk, Warren Buffett, Tesla's, he's, they're, I'm, They've, That's, we've, I've Organizations: Nvidia, Service, Privacy, SpaceX Locations: Wall, Silicon

☆ Google and Meta got customer data from tax prep firms, and lawmakers want a probe
▼ + stars: | 2023-07-12 | by ( Lauren Feiner | ) www.cnbc.com time to read: +5 min

A group of lawmakers led by Massachusetts Democratic Sen. Elizabeth Warren are calling on the Biden administration to investigate how tax prep software companies may have illegally shared customer data with tech platforms Google and Meta . Some statements the tax prep companies provided to the publications at the time seemed to indicate the data sharing was done accidentally. Our system is designed to filter out potentially sensitive data it is able to detect." Among their findings released Wednesday, the lawmakers said that millions of taxpayers' information had been shared with Big Tech firms through the tax prep software and that both the tax prep companies and tech firms were "reckless" in how they handled sensitive information. Although Meta and Google both said they have filters to catch sensitive data that's inadvertently collected, they seemed to be "ineffective," the lawmakers wrote.

Persons: Sen, Elizabeth Warren, Massachusetts Democratic Sen, Biden, General Merrick Garland, Lina Khan, Daniel Werfel, J, Russell George, TaxAct, Block, Ron Wyden, Richard Blumenthal, Conn, Tammy Duckworth, Bernie Sanders, Sheldon Whitehouse, Katie Porter, Warren, Meta Organizations: Capitol, Massachusetts Democratic, Google, Federal Trade, Tax, Facebook, Meta, CNBC, Big Tech, YouTube, Apple Locations: Washington ,, Sens, D

☆ 100 million Squishmallows sold in a year — How the toy sensation joined Warren Buffett's conglomerate
▼ + stars: | 2023-07-02 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Shrewd business legend Warren Buffett has a whimsical side, buying companies whose products he personally enjoys like Dairy Queen and See's Candies. Berkshire inherited Squishmallows parent Jazwares through its acquisition of Alleghany in the fourth quarter of 2022. Jazwares founder and president, Judd and Laura Zebersky, now report to and are in regular communication with Greg Abel, Berkshire's vice chairman for non-insurance operations and Buffett's successor. We're thrilled to be part of it," Laura Zebersky said in an interview. Often Buffett admires the business' management and expects it to continue to grow and remain profitable.

Persons: Warren Buffett, Squishmallows, Charlie Munger, Judd, Laura Zebersky, Greg Abel, Berkshire's, Buffett, Abel's, he's, Abel Organizations: Berkshire Hathaway, Berkshire Locations: Omaha , Nebraska, Omaha, Charlie Munger . Berkshire, Alleghany, South Florida

☆ Warren Buffett swapped shares for cocoa beans in a weird 1950s deal. Billionaire Thomas Pritzker just told his father's side of the story.
▼ + stars: | 2023-05-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett traded a chocolate company's shares for cocoa beans in an unusual arbitrage in 1954. Hyatt Hotels' Thomas Pritzker is the son of Jay Pritzker, who designed the stock-for-beans program. Thomas Pritzker recently shared his father's story about meeting and helping a 24-year-old Buffett. Thomas Pritzker, Hyatt Hotels' executive chairman and the billionaire son of the man who came up with the stock-for-beans offer, told his father's side of the story during a recent shareholder meeting. "A 24-year-old kid comes up to them and says, 'I didn't understand anything you just described,'" Thomas Pritzker recalled.

☆ Stocks making the biggest moves premarket: Home Depot, Capital One, Dish Network & more
▼ + stars: | 2023-05-16 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Check out the companies making headlines in premarket trading. Dish Network — The satellite TV provider added 5.2% in premarket trading after director James DeFranco disclosed the purchase of 3 million shares. Home Depot , Lowes — The home improvement retailers lost 3.5% and 2.8% in premarket trading on Tuesday, after Home Depot reporting the biggest revenue miss in over 20 years. The company reported revenue of $37.26 billion against a Refinitiv consensus forecast of $38.28 billion. Sea Limited — Shares shed nearly 8% after the Singapore-based technology company reported earnings before the open.

☆ How TikTok sensation Squishmallows found Warren Buffett
▼ + stars: | 2023-05-13 | by ( Jonathan Stempel | ) www.reuters.com time to read: +4 min

May 13 (Reuters) - Squishmallows joined Warren Buffett's business empire two years after Lady Gaga, Kim Kardashian and others helped make the plush stuffed toys a viral sensation on TikTok. They married in 1993 and embarked on law careers, but Judd Zebersky soon realized that wasn't his destiny. Laura Zebersky, a litigator, sold her practice in 2005 and joined him, becoming Jazwares' president. "This was a brand that needed a lot of love," Judd Zebersky said. "Greg is exactly what we have all learned about the Berkshire model," Laura Zebersky said.

☆ A 31-year market vet who called the current bear market warns an impending credit crunch and recession will sink stocks by 45% as valuations remain higher than dot-com bubble levels
▼ + stars: | 2023-05-13 | by ( William Edwards | ) www.businessinsider.com time to read: +7 min

Indicators like initial and continuing unemployment claims and loan demand show weakness. A recession paired with high valuations spells trouble for stocks, he said. For example, the number of initial unemployment claims is starting to jump at a recessionary pace, Wolfenbarger said. The four-week moving average of initial unemployment claims has risen 29% over the last eight months. Hussman FundsWhat others are sayingMany market onlookers have highlighted high stock market valuations in recent weeks.

☆ Warren Buffett on Finding Success at Work, and What Matters in Hiring
▼ + stars: | 2023-05-07 | by ( Chip Cutter | ) www.wsj.com time to read: 1 min

Shareholders watched Warren Buffett and his business partner Charlie Munger from an overflow room at the Berkshire Hathaway annual meeting. Photo: Rebecca S. Gratz/Associated PressThe question was a philosophical one: How should you avoid major mistakes in business and life? Warren Buffett , the 92-year-old chairman and chief executive of Berkshire Hathaway , paused briefly.

☆ Buffett and Munger on Success, Toxicity and Elon Musk
▼ + stars: | 2023-05-07 | by ( Chip Cutter | ) www.wsj.com time to read: 1 min

☆ The Warren Buffett of China, whose company just posted a 95% dip in annual profits, is selling billions of dollars of assets — but he says it's 'only pathetic if no one wants what we offer'
▼ + stars: | 2023-04-25 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +2 min

The company posted a 95% year-on-year dip in annual 2022 profits. "It's not pathetic that we are selling assets," he said at an entrepreneur forum in March, per Bloomberg. Hong Kong stock exchange-listed Fosun International's shares have rebounded to 5.4 Hong Kong dollars, or $0.7, apiece on Tuesday, from a low of 4.6 Hong Kong dollars in September. They're still down from about 7.8 Hong Kong dollars in late January. Fosun International's market capitalization is around 44 billion Hong Kong dollars now.

☆ Stocks making the biggest moves midday: Micron, Paramount, McCormick and more
▼ + stars: | 2023-03-28 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading Tuesday. Micron Technology — The semiconductor stock was down 2.8% ahead of its scheduled second-quarter earnings report after the bell on Tuesday. Paramount — Shares of the media giant gained 3.6% during midday trading on a rating upgrade from Bank of America from neutral to buy. McCormick & Company — The spice maker's stock price jumped about 10% during midday trading after reporting better-than-expected earnings for the first quarter. Walgreens posted revenue of $34.86 billion for the most recent quarter, compared to analysts' estimates of $33.53 billion, according to Refinitiv.

☆ Stocks making the biggest moves before the bell: Alibaba, Lyft, Walgreens and more
▼ + stars: | 2023-03-28 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Chinese technology stocks such as Alibaba and Tencent have been hammered in 2022 as regulatory pressure and a slowing Chinese economy weighed on growth. Alibaba — Shares jumped 9.8% after the e-commerce giant said it would split its company into six separate business groups. Meanwhile, the company reported revenue at $34.86 billion, beating the $33.53 billion expected by Wall Street. PagSeguro — Shares gained 5% after Citi upgraded the Brazilian payment stock to buy on the back of fourth-quarter earnings. Array Technologies — The renewable energy stock added 3.6% following an upgrade to buy from hold by Truist.

☆ Sen. Elizabeth Warren announces re-election bid
▼ + stars: | 2023-03-27 | by ( Megan Lebowitz | ) www.nbcnews.com time to read: +2 min

Sen. Elizabeth Warren, D-Mass., announced Monday that she would be seeking a third term in office. The announcement also featured appearances by Democratic allies from Massachusetts, including Rep. Ayanna Pressley, Boston Mayor Michelle Wu and fellow Sen. Ed Markey. “Elizabeth is my partner in the Senate, and I have seen this perpetual energy machine up close,” Markey said. President Joe Biden won Massachusetts by nearly 34 percentage points in 2020 and Warren won re-election in 2018 by 24 points. I’m running for Senate,” Warren said on Meet the Press in April 2022.

☆ U.S. Senator Warren calls for investigation into SVB and Signature Bank failures - WSJ
▼ + stars: | 2023-03-19 | by ( ) www.reuters.com time to read: +1 min

Senator Elizabeth Warren, who is pushing tighter banking regulation, has called for an investigation into the failures of Silicon Valley Bank (SIVB.O) and Signature Bank (SBNY.O), the Wall Street Journal reported on Sunday. She said preliminary results from the investigation should be provided within 30 days, the newspaper reported. "The bank's executives, who took unnecessary risks or failed to hedge against entirely foreseeable threats, must be held accountable for these failures. But this mismanagement was allowed to occur because of a series of failures by lawmakers and regulators,” the report quoted Warren as writing. Reporting by Rishabh Jaiswal in Bengaluru Editing by Frances KerryOur Standards: The Thomson Reuters Trust Principles.

☆ Sen. Warren has called twice to apologize to VP Harris for comments she made, report says. Harris has yet to call her back.
▼ + stars: | 2023-03-12 | by ( Katie Balevic | ) www.businessinsider.com time to read: +3 min

Sen. Elizabeth Warren has made two calls to Vice President Kamala Harris, who hasn't returned them. Warren wanted to apologize for a comment that appeared to cast doubt on Harris' future as VP, per CNN. A source close to Harris told CNN that the incident was "pretty insulting." Warren, however, has not been able to speak with the vice president since, the outlet reported. Instead, Warren has only communicated with Harris' chief of staff, Lorraine Voles, who returned Warren's call in lieu of the vice president, CNN reported.

☆ Premarket stocks: Jerome Powell's testimony sent markets reeling. That may be a good thing
▼ + stars: | 2023-03-08 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —Federal Reserve Chairman Jerome Powell on Tuesday cleared the way for larger interest rate hikes at this month’s central bank policy meeting, sending markets into a tailspin. The S&P 500 fell 1.5%, the Dow dropped 575 points, or 1.7%, and the tech-heavy Nasdaq composite ended 1.3% lower. After Powell’s testimony, market expectations for a half-percentage point rate hike spiked. If inflation fails to continue falling, he said, the Fed will keep trying to cool things down by raising rates. Even if Powell was sure that January’s economic data was a fluke, he still wants to maintain the Fed’s credibility.

☆ Stocks making the biggest premarket moves: CrowdStrike, Occidental Petroleum, Tesla and more
▼ + stars: | 2023-03-08 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

Here are the stocks making notable moves in premarket trading on Wednesday, March 8. CrowdStrike — Shares of the cybersecurity firm climbed more than 6% in premarket trading after a stronger-than-expected report for the fourth quarter. Occidental Petroleum — The energy stock climbed nearly 3% in premarket trading after a new regulatory filing showed Warren Buffett's Berkshire Hathaway added to its already large stake in the company over the past trading sessions. Tesla — Shares of the automaker fell less than 1% in premarket trading after Tesla was downgraded to hold from buy at Berenberg. Maxeon Solar Technologies — Shares of the Singapore-based solar panel company jumped nearly 15% in premarket trading after the company's fourth-quarter report.

☆ Stocks making the biggest moves midday: Stitch Fix, Tesla, WeWork, Campbell Soup and more
▼ + stars: | 2023-03-08 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

United Natural Foods — The organic food company tumbled 27% after posting earnings for its fiscal second quarter that missed analyst expectations. Stitch Fix — The styling company saw shares drop 10% after it reported weaker-than-expected revenue for the latest quarter as well as a wider-than-forecast loss. The Omaha-based conglomerate bought nearly 5.8 million shares of the oil company in a few trades on Friday, Monday and Tuesday, bumping Berkshire's ownership to 22.2%. Campbell Soup Company — Campbell Soup saw shares rise nearly 2% after its fiscal second quarter earnings, revenue and margins beat analysts' expectations. The company's revenue also topped expectations, coming in at $637 million compared to $625 million anticipated by Refinitiv analysts.

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