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Sometimes events are simply fantasy themed, without reference to specific books or fantasy worlds. Dreams shattered.”She attributes the growing demand for fantasy events to the commercial success of fantasy romance books, especially among Millennial women. The past year has also seen a spike in the popularity of “romantasy,” or romance fantasy books. “You know, work dredges on for a lot of people,” said Brittany Proctor, a Michigan-based entrepreneur who’s been hosting fantasy balls in the Midwest since 2022. In fact, Proctor is considering scaling back some of her events due to the sheer number of these fantasy balls that have been cropping up in recent years.
Persons: San Diego Comic Con, Con, Harry Potter, , Katherine Stinson, Eric Atticus, Stinson, Dana John, , she’s, Alexander Chernev, Matt Harris, Sarah J, Maas, Patti McConville, Juliette Sureau, Sureau, Sophie Valfroy, “ romantasy ”, “ They’re, ” Juliette Sureau, Shaun Wada, Ariana Smoak Holly Simone, Tok, Simone, Shawn Strider, ” Stinson, Brittany Proctor, who’s, ” Maja Djikic, you’re, ” Djikic, Proctor, “ I’ve, I’m Organizations: New, New York CNN, Social, Allied, Research, Disney, Universal, San Diego Comic, TikTok, CNN, Stinson, Northwestern’s Kellogg School of Management, Barnes, Noble Booksellers, Times, Google, , University of Toronto Locations: New York, Canada, Houston, Houston , Texas, Texas, New York City, USA, TikTok, Columbia , South Carolina, London, Los Angeles, Michigan, , Bahamas
CNN —Bay FC may be the new kid on the NWSL block, but recent signing Jen Beattie has insisted that the team isn’t there to make up the numbers, rather to “change the face of American soccer.”Beattie, a true legend of the women’s game, left Arsenal to join Bay FC in February. As well as Beattie, Bay FC has signed several high-profile internationals ahead of its inaugural season, including Zambian Racheal Kundananji for a reported $787,000 world record fee, Nigerian star Asisat Oshoala and Mexican forward Scarlett Camberos. It didn’t take very long to convince me, I’ll be honest … Everyone wants to lift trophies and everyone wants to be as successful as possible.”Jen Beattie joined Bay FC from Arsenal in February. Ed Szczepanski/USA Today Sports/ReutersBay FC, and its star-studded roster, is not the first expansion team to enter the NWSL attempting to shake up the status quo. However, eyes now turn to Bay FC and its impressive roster to see just how much of an upset the team can cause in the NWSL.
Persons: Jen Beattie, ” Beattie, – Aly Wagner, Danielle Slaton, Brandi Chastain, Leslie Osborne –, Asisat Oshoala, Scarlett Camberos, Beattie, Amanda Davies, I’ll, ” Jen Beattie, Ed Szczepanski, Natalie Portman, Eva Longoria, Serena Williams, Billie Jean King, , , Albertin Montoya, He’s, “ I’ve, Tess Boade dribbles, Angel City, Abe Arredondo, I’m, I’ve Organizations: CNN —, Arsenal, Bay FC, North, , Montpellier, Manchester City, Melbourne City, Scotland, San Francisco Bay Area, Sixth, CNN, USA, Sports, Reuters, FC, Sunday, BMO, Angel City, Angel, League, Chelsea, Gunners Locations: North London, San Francisco Bay, Bay, Zambian, Los Angeles, Angel
New York CNN —Some of the United Kingdom’s largest supermarket chains are grappling with technical issues that have left customers without grocery deliveries and unable to make contactless payments. Sainsbury’s, which owns 600 grocery stores and 800 convenience locations across the country, said on Saturday that “an error with an overnight software update” has prevented the company from fulfilling “the vast majority” of grocery deliveries to customers. Sainsbury’s did not specify how many customers were affected. The malfunction only affected a small portion of orders, and impacted customers have not been charged. In-store shopping and placing online orders are not affected, Tesco said.
Persons: Sainsbury’s, Sainbury’s, McDonald’s Organizations: New, New York CNN, United Kingdom’s, CNN, Tesco Locations: New York, United States, Australia, Japan, Hong Kong, United Kingdom
Eva Marie Uzcategui/Bloomberg/Getty ImagesA Florida judge overseeing the case against former President Donald Trump's handling of classified documents has set apart an entire day on Thursday to hear arguments on whether the case should be thrown out. His lawyers are expected to argue that Trump had presidential classification powers. Trump has claimed before that he was abiding by the relevant law, the Presidential Records Act, by engaging in a post-presidency negotiation with the National Archives and Records Administration about returning documents. The law simply says that when a president leaves office NARA assumes control of all presidential records. I do not understand what the former president is referring to when he mentions a process of negotiation with NARA."
Persons: Donald Trump, Eva Marie Uzcategui, Donald Trump's, Trump, Jason R, ” Timothy Naftali, Richard Nixon Organizations: Bloomberg, Getty, Records, National Archives, Records Administration, NARA, Trump, University of Maryland, Trump White House, CNN, New York University Locations: Mar, Lago, Florida, United States
3-Stock Lunch: HOOD, C & X
  + stars: | 2024-03-14 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3-Stock Lunch: HOOD, C & XEva Ados, ERShares chief investment strategist, joins 'Power Lunch' to discuss plays for three stocks including: Robinhood, CitiGroup and United States Steel Corp.
Persons: Eva Ados Organizations: CitiGroup, United States Steel Corp
In 2021, the inaugural recipients of the prize were Van Jones, a lawyer and CNN commentator, and chef José Andrés, each of whom received $100 million. They also serve as national spokespeople for the Brain Health Project, which focuses on brain health and brain performance with a concentration on veterans. Longoria, who starred in the television series “Desperate Housewives,” has focused on education and entrepreneurship in Latino communities. The Eva Longoria Foundation aims to connect Latinos and Latinas in lower-income areas with peer mentors, and Longoria has a start-up fund for Latino-owned small businesses. Bezos and Sánchez pledged $100 million to recovery efforts in Maui after the devastating wildfires in 2023, though the donation has come under scrutiny.
Persons: Jeff Bezos, Lauren Sánchez, Bill McRaven, Eva Longoria, Bernard Arnault, Van Jones, José Andrés, Dolly Parton, McRaven, , Lauren, Jeff, ” McRaven, Longoria, , ” Longoria, Bezos, Warren Buffett, Melinda French Gates, Bill Gates, MacKenzie Scott, Sánchez Organizations: New, New York CNN, Amazon, University of Texas, Bloomberg, CNN, Warrior Foundation, Brain Health, , Fund Locations: New York, Bezos, Maui
@chefwillco My 6 to 1 grocery method makes shopping cheaper and easier! Let me know how you like this grocery shopping method. The benefits of the 6 to 1 methodColeman made a fresh cheddar apple Cobb salad using his grocery hack. And you can definitely make several meals out of four proteins,” Largeman-Roth said. How to make the 6 to 1 method work for youColeman created his hack to get control of his grocery budget.
Persons: Will Coleman, Coleman, “ You’re, @chefwillco, Will Coleman “, , he’s, Joe’s, Will Coleman Frances Largeman, Roth, Largeman, Eva Cruz, ” Largeman, , ” Peek, ” Coleman, Karla Walsh Organizations: CNN, Foods Locations: New York City, Dobbs, , New York, brussels, Des Moines , Iowa
But Blumofe, who noted he's still a believer in the web and modern technology, cautioned we could be in for stagnation. Blumofe compared the current state of the web today to the aerospace industry in the 1960s. Today, aerospace innovation has stalled, he added. "All that was in the 60s and 70s," Blumofe noted. "If someone had gone asleep in 1975 and then woke up and looked at aerospace today they would be wildly disappointed."
Persons: Edwin E, Aldrin, Jr, we'd, underwhelmed, Robert Blumofe, Tim Berners, Lee, he's, Blumofe Organizations: United, CNBC, Boeing Locations: United States
Berlin CNN —An American man has been sentenced to life in prison for the rape and murder of a tourist and the attempted murder of her friend – both US citizens from Illinois – in a gruesome attack near one of Germany’s most popular tourist sights. A German court convicted the 31-year-old tourist from Michigan, identified as Troy B., for the attack on the two women near Neuschwanstein Castle in Bavaria. Police officers arrested Troy B. near the scene of the attack. Troy B. attends his sentencing at a court in Kempten, Germany, March 11, 2024. “If it stays that way, our client will definitely have to spend 15 years in Germany before he is extradited.
Persons: Berlin CNN —, , Troy B, Christoph Schwiebacher, Eva Liu, Kelsey Chang, Liu, Chang, Karl, Josef Hildenbrand, Alexander Stevens Organizations: Berlin CNN, Illinois –, University of Illinois, Prosecutors, Police, Troy Locations: Illinois, Michigan, Neuschwanstein, Bavaria, Kempten, Germany, University of Illinois Urbana, Champaign, German, Straubing, USA, Munich, Europe
Ryan Gosling and Eva Mendes have two children. Angela Weiss / Getty Images; Christopher Polk/Getty ImagesThe actor said she was a "Tired Mama" after staying up late preparing for her daughter's birthday in an Instagram post. At the end of her message, she wrote, "Here's to all you tired mamas...sending extra love." Sending love to you, to all the tired papas and all the tired caregivers from this tired mama," she wrote. And why I don't talk about Ryan and all the wonderful things he does as a father is because I keep that part private."
Persons: Mendes, Ryan Gosling, Eva Mendes, Angela Weiss, Christopher Polk, It's, Ryan, Gosling Organizations: Getty
Fears about the health of the real estate market, and a confusing economic landscape, leave commercial banks questioning what comes next. The commercial real estate market is definitely under some pressure because of the rising rate environment. So I think banks are watching all that closely and working closely with regulators. How long do you think commercial real estate woes will weigh on banks? It definitely persists, and it depends on the banks’ weighting of real estate as a percentage of their portfolio.
Persons: New York CNN — It’s, Bell, Chris Giamo, we’ll, They’re, It’s, That’s, Philip Wang, , Xavier Becerra, Julie Su, Eva Rothenberg Organizations: CNN Business, Bell, New York CNN, Silicon Valley Bank, TD Bank, Sunday, Healthcare, UnitedHealth, CNN, Human Services, Labor Locations: New York, Silicon, United States, Canada
New York CNN —The Body Shop has shut down all of its US-based operations and will be closing dozens of Canadian store locations as it files for bankruptcy. The Body Shop, known for products it markets as natural, sustainable, ethical and cruelty-free, was founded in 1976 in the UK by human rights activist and environmental campaigner Anita Roddick. Since its inception, The Body Shop has changed hands several times. Late last year, The Body Shop was sold to asset management group Aurelius for about $266 million. CNN has reached out to The Body Shop and Aurelius for comment.
Persons: Anita Roddick, , , Aurelius Organizations: New, New York CNN, Natura, CNN Locations: New York, Canada
As well as celebrating the year in movies, the annual extravaganza has long been the red carpet event of the year. Kevin Mazur/Getty ImagesTeo Yoo. Alberto Rodriguez/Variety/Getty ImagesJamie Lee Curtis looked elegant in a flowing black gown by Dolce & Gabbana. Kevin Mazur/Getty ImagesLeah Lewis, star of Best Animated Feature “Elemental,” looked dreamy in a layered Lever Couture gown featuring a whimsical train. Marleen Moise/Getty ImagesTaylor Zakhar Perez popped on the red carpet with a blue Prada suit styled by leading celebrity stylist Jason Bolden.
Persons: Margot Robbie who’s, “ Barbie ”, Colman Domingo, America Ferrera, Billie Eilish, Zendaya, Danielle Brooks, Mike Coppola, Andrea Riseborough, Loewe, Alberto Rodriguez, Ferrera, Richard Shotwell, Steinfeld, Elie, Sarah Meyssonnier, Huy Quan, Giorgio Armani, Jordan Strauss, Kirsten Dunst, Jesse Plemons Jordan Strauss, Louis, David Yurman, Laverne Cox, David Swanson, Issa Rae, Mark Ronson, Grace Gummer, Kevin Mazur, Teo Yoo, Barbie, Simu Liu, Sean Lennon, Kemp Muhl, Gilbert Flores, Sandra Hüller, Cartier, Justine Triet Jordan Strauss, AP Gabrielle Union, Dwyane Wade Kevin Mazur, Ludwig Göransson Kevin Mazur, Masaki Takahashi, Takashi Yamazaki, Kiyoko, Christina, Eva Longoria’s, Tamara Ralph, Rita Moreno, Reuters D'Pharaoh Woon, Chasinghorse, Jamie Lee Curtis, Omar Rudberg, Sarah Morris, WireImage, Sean Wang, Chang Li Hua, Sam Davis, Yi Yan Fuei, Chang, Yi, Leah Lewis, Gregg DeGuire, Dominic Sessa, Tom Ford, Celine Song, Reuters Marlee Matlin, Oscar, dazzled, Raymond, Marleen Moise, Ramakrishnan, Zuhair Murad, Getty, Taylor Zakhar Perez, Jason Bolden, Erika Alexander Organizations: CNN, Dolby Theatre, Hollywood’s, America, Dolce, Gabbana, Elie Saab, Louis Vuitton, Getty, AMI Paris, Variety, AP, Los Angeles Times, Reuters Locations: AFP
New York CNN —A Trader Joe’s canvas mini tote bag that costs about the same as a pack of gum is being resold online for nearly 200 times its retail price. The Trader Joe’s bags, available in blue, red, green and yellow, have taken social media by storm in the past week, garnering more than 11 million views on Tik Tok. The viral Trader Joe's mini canvas tote bag. From Trader Joe'sSome have been reselling the bags on e-commerce platforms like eBay and Facebook Marketplace. As of Sunday afternoon, hundreds of mini tote bags have been posted on eBay with prices ranging from $5 to $500.
Persons: Tik, , , Stanley tumblers, Stanley Organizations: New, New York CNN, eBay, Facebook, tote, CNN, Target, Shoppers Locations: New York, Iowa, New Jersey
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewJimmy Kimmel took the stage at the 96th Academy Awards to host the show for the fourth time, and called out "Barbie" director Greta Gerwig's snub in his opening monologue. Then, Kimmel walked out on the stage to Dua Lipa's "Dance the Night," which is featured on the "Barbie" soundtrack. Kimmel then called "Barbie," which scored eight Oscar nominations, the "biggest movie of the year." After the uncomfortable moment, he pointed out Robbie and Ryan Gosling, who are nominated for best actress and best actor.
Persons: , Jimmy Kimmel, Barbie, Greta Gerwig's, Kimmel, Margot Robbie's, Gerwig, Robbie, Ryan Gosling, Gosling, Ryan, who's, Eva Mendes, Christopher Nolan's, Oppenheimer, Robert Downey Jr, Downey, He's Organizations: Service, Dolby Theatre, Ovation Hollywood, Business, Marvel, Hollywood Reporter
New York CNN —Why does actor Aaron Paul co-own a mezcal brand? Rob Kim/Getty Images for NYCWFFIt’s an “opportunity, to be honest,” Cranston told CNN. Celebrities are attractive to the spirits space because of their clout and connections, so the industry has “the door open. Four years later they sold the tequila brand to liquor giant Diageo for $1 billion, and the industry gold rush was on. The side of a Casamigos delivery truck promoting George Clooney and Rande Gerber's tequila brand in a 2015 photo.
Persons: Aaron Paul, Bryan Cranston, , Niro, Issa Rae, Dwayne “, ” Johnson, Matthew, Camila McConaughey, Eva Longoria, Casa Del, Kendall Jenner, Shirley Temple, Warren Beatty, Rob Kim, ” Cranston, George Clooney, Rande Gerber, George Rose, Ryan Reynolds, Conor McGregor, Jose Cuervo, Michael Yanover, Yanover, Jeff Spicer, ” Lisa Hawkins, , Drizly, Dwayne Johnson, Mike Segar, ” Andrew Chrisomalis, Tequila, Ed Mundy, ” Mundy, Sean “ Diddy ” Combs, Combs, Jennifer Lopez’s Delola, Lopez, she’s, Delola, Paul, Cranston, Dos, ” Applebee’s, ” Aaron Paul, CAA’s Yanover, , There’s, Kylie Jenner, Kendall, It’s, I’ve Organizations: New, New York CNN, Hombres, Hollywood, Dos Hombres, Food Network New York, Food Network New York City Wine, Food Festival, CNN, Diageo, Aviation, UFC, Creative Artists Agency, , Reuters, Jefferies, Diddy, New York, New York City Wine, Applebee’s Locations: New York, Casa Del Sol, Food Network New York City, Hollywood, New York City, Iowa, Applebee’s
Biden vs. Trump is set. What are the alternatives?
  + stars: | 2024-03-06 | by ( Zachary B. Wolf | ) edition.cnn.com   time to read: +8 min
CNN —The Joe Biden vs. Donald Trump rematch is a presumptive reality after the president and former president both dominated Republican and Democratic primaries on Super Tuesday. Independent candidates. When Kennedy, West and the Green Party’s Stein were added into the question, things changed. Trump was still on top with 42%, Biden got 39%, Kennedy had 15%, West had 3% and Stein had 2%. Buzzy independent candidates have a tendency to lose support as Election Day nears.
Persons: Joe Biden, Donald Trump, Biden, Gary Johnson, Jill Stein, Hillary Clinton, Ralph Nader, Kanye West, Robert F, Kennedy Jr, Cornel West, Sen, Joe Manchin, Ryan Clancy, Abby Phillip, you’ll, ” Clancy, Kennedy, Kanye, Trump, Here’s, ► He’s, Cornel West’s, Party’s Stein, Stein, Ariel Edwards, Levy, that’s, Ross Perot, Bill Clinton, Eva McKend’s, CNN Kennedy, Kennedy –, , ” Matt Welch, CNN’s Michael Smerconish, Welch, Jake Tapper’s, CNN’s Kasie Hunt, Hunt debunks Organizations: CNN, Republican, Democratic, Super, Trump, Libertarian Party, Green Party, New, New Mexico Gov, Libertarian, Marquette University, West, Democrats, Biden, Democrat, White, Black, RFK Jr, , of Columbia, Hunt debunks RFK Jr Locations: New Mexico, Florida, West Virginia, West, Wisconsin, ► Nevada, New Hampshire, Hawaii, Arizona, Georgia, Utah, Alaska , Oregon, South Carolina, New York, California
New York CNN —After decades of growth bolstered by low interest rates and easy credit, commercial real estate has hit a wall. I take that as a signal of a potential turn in the CMBS market in terms of the market sentiment. It’s not just all gloom and doom in the CRE market. Richmond Federal Reserve President Tom Barkin echoed the idea that the central bank may not cut interest rates this year. OPEC+, a coalition of the world’s top oil producing countries, had announced voluntary oil cuts of 2.2 million barrels per day in November.
Persons: Tracy Chen, Chen, that’s, Bell, Banks aren’t, CMBS, We’ve, they’ve, , Jerome Powell, Torsten Slok, , Tom Barkin, ” Barkin, “ I’m, Eva Rothenberg, Brent, Goldman Sachs Organizations: CNN Business, Bell, New York CNN, New York Community Bancorp, Brandywine, Intercontinental Exchange and Bank of America, outperformance, Fed, New York Community Bank, York Community Bank, Federal, Apollo Global Management, Richmond Federal, CNBC, OPEC, AAA Locations: New York, Japan, Switzerland, Germany, New, New York City, Richmond, OPEC, Saudi Arabia, Russia, Iraq, United States
Oppenheimer, directed by Christopher Nolan, brought in $82.4 million in its opening weekend. The film is a much-anticipated sequel to one of the most popular science fiction adaptions in recent years, and helped revive a sleepy box office. Similarly, “Oppenheimer” was one half of the “Barbenheimer” phenomenon last summer, which took social media and the movie theater industry by storm. “This is just what the box office needed and much higher than any of us could predict,” said Jeff Goldstein, president of domestic distribution at Warner Bros. Pictures, which distributed the movie. And we grossed $178.5 million worldwide, which is quite a standup.”The sequel doubled the domestic opening of the first “Dune” installment, which opened with $41 million when it was simultaneously released in theaters and on the streaming service HBO Max in October 2021.
Persons: New York CNN —, “ Oppenheimer, , ‘ Oppenheimer, , Denis Villeneuve, Oppenheimer, Christopher Nolan, “ Denis Villeneuve, ‘ Oppenheimer ’, ” Paul Dergarabedian, “ Oppenheimer ”, Jeff Goldstein, HBO Max, CNN’s Eva Rothenberg Organizations: New, New York CNN, Warner Bros ., CNN, Universal Pictures, Warner Bros . Pictures, HBO Locations: New York
OPEC+ members extend oil output cuts to Q2
  + stars: | 2024-03-03 | by ( Eva Rothenberg | ) edition.cnn.com   time to read: +2 min
CNN —OPEC+ member nations have agreed to extend their voluntary cuts to crude oil production through the second quarter, the group announced Sunday. The move is a part of the group’s perpetual balancing act to stabilize oil prices by reducing supply. OPEC+, a coalition of the world’s top oil producing countries, had announced voluntary oil cuts of 2.2 million barrels per day in November. The Energy Information Administration reported last month oil refinery inputs, crude oil stock, and gasoline production were all increasing. Oil prices fell on the agency’s announcement US commercial crude oil inventory was sitting at 447.2 million barrels.
Persons: Brent, Goldman Sachs Organizations: CNN, OPEC, The United Emirates, AAA, Energy Information Administration, EIA Locations: OPEC, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, Oman, United States
1 spot in its opening weekend with a strong $81.5 million in domestic sales, according to studio estimates. The sequel beat out the first Dune installment, which opened with $41 million when it was released in domestic theaters in October 2021. According to Comscore data, “Dune: Part Two” is the largest opening for Timothee Chalamet, Rebecca Ferguson and Austin Butler. Box office revenue is down 13.5% compared to this time last year, Comscore data shows. February and March have, over the past three years, reliably housed movie releases from established franchises and properties including “The Batman,” ($134 million opening weekend) “Creed III” ($58 million) and “Uncharted” ($51 million).
Persons: , Jeff Goldstein, Warner, Timothee Chalamet, Rebecca Ferguson, Austin Butler, It’s, Denis Villeneuve’s, Denis Villeneuve, Goldstein, Paul Dergarabedian, , III ” Organizations: CNN, Warner Bros . Pictures, Warner Bros, Warner Bros ., Dolby, Comscore, Studios
General Motors recalls nearly 820,000 pickup trucks
  + stars: | 2024-03-02 | by ( Eva Rothenberg | ) edition.cnn.com   time to read: +1 min
New York CNN —General Motors is recalling nearly 820,000 pickup trucks over a potential safety issue involving tailgates. General Motors did not immediately respond to CNN’s request for comment. General Motors said it received one complaint of minor injury and three of minor property damage. Dealers will replace the exterior switch that opens the tailgate with material that is more water resistant. General Motors said it will begin letting customers know whether their car is affected on March 18.
Persons: Motors, General Motors Organizations: New, New York CNN —, Silverado, GMC, General Motors, General, Dealers Locations: New York, GMC Sierra, United States, Canada
Three Stock Lunch: United Health, Ebay and Beyond Meat
  + stars: | 2024-02-28 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree Stock Lunch: United Health, Ebay and Beyond MeatEva Ados, ERShares CIO, joins 'Power Lunch' to discuss Ados' investing take on three stocks: United Health, Ebay and Beyond Meat.
Persons: Eva Ados Organizations: Health, Ebay, ERShares, United Health
Just last week the S&P 500 hit a new all-time high and notched its best showing in a year. But this nearly unprecedented surge in the markets is sparking some concern over what’s driving the rally and whether it can continue. The S&P 500 and Dow last week each reached record levels after blockbuster earnings from the chipmaker set off a broad market rally. The S&P 500 is up more than 6% for the year, but when you equally weigh all of the stocks in the index, it’s up just 2.5%. Last year, the S&P 500 rose by 24.2%, but the equally-weighted index was up by just 11.6%.
Persons: Sam Stovall, Tesla, Jamie Dimon, ” Dimon, CNBC’s Leslie Picker, That’s, , What’s, Warren Buffett, Berkshire Hathaway, Eva Rothenberg, Buffett, Gary Pilnick’s, WK Kellogg, Pilnick, Bran, ” Pilnick, hasn’t, Carl Quintanilla Organizations: CNN Business, Bell, New York CNN —, Nvidia, Dow, Nasdaq, Health, Tech, Deutsche Bank, Microsoft, Apple, Amazon, Google, JPMorgan, Federal Reserve, Traders, PCE, Berkshire, CNBC Locations: New York, Berkshire, Omaha , Nebraska, Omaha, United States
New York CNN —Berkshire Hathaway neared a $1 trillion market valuation Monday after a record-breaking year, but CEO Warren Buffett warned in his annual letter to investors that more skyrocketing performances are likely a thing of the past. Berkshire Hathaway (BRK.B) saw its shares jump nearly 2%, to $429, on Monday morning after closing with a market cap of $905 billion on Friday. Only a handful of companies worldwide has ever reached the $1 trillion milestone, among them tech giants Amazon, Apple and Microsoft. Berkshire has about $167.6 billion in cash and equivalents, breaking last quarter’s record-high $157.2 billion. For the year, operating earnings rose to $37.3 billion, after setting a record of $30.8 billion in 2022.
Persons: Berkshire Hathaway, Warren Buffett, , Buffett, Organizations: New, New York CNN, Berkshire, Apple, Microsoft, Mitsubishi, Mitsui, Sumitomo Locations: New York, Omaha , Nebraska, Berkshire, Omaha, United States,
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