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☆ Ending the 40-hour workweek is possible, but it'll require sacrifices from all of us
▼ + stars: | 2023-11-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at the internet calling for changes to the "soul-crushing" and "depressing" 9-to-5 workday. The 40-hour workweek is facing a reckoning after a recent grad's viral TikTok emotionally questioning how people have time for a personal life while working a full-time job. AdvertisementAdvertisementSo yes, upending the 9-to-5 is possible — and worth considering — but only with a bit of sacrifice from all of us. Earnings today: Uber, eBay, H&R Block, Nintendo, and other companies.

Persons: —, Dolly Parton, Jeff Kravitz, FilmMagic, Dolly, Gen, Insider's, Gen Z, Tim Paradis, I've, we'd, Rebecca Zisser, Ray Dalio, That's, Rob Copeland's, Dalio, Warren Buffett's, Sam Altman Justin Sullivan, OpenAI's, Sam Altman, Slack, Lidiane Jones, Bumble, Tesla, Samantha Lee, WeWork, they're, Billie Jean King, Bryan Johnson, Dustin Giallanza, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Bridgewater Associates, Bank of America, EV, Microsoft, Billie Jean King Cup, eBay, Nintendo Locations: Taylor, Berkshire, Kentucky, Mississippi, Sevilla, Spain, Australia, Canada, Czech Republic, France, Germany, Italy, Kazakhstan, Poland, Slovenia, Switzerland, New York City, San Diego, London, New York

☆ Explainer: Why WeWork failed, and what is next
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +5 min

A WeWork logo is seen outside its offices in the Queens borough of New York City, U.S., November 7, 2023. WeWork was once the most valuable U.S. startup, worth $47 billion. The following explains WeWork's meteoric rise and fall that reshaped the office sector globally:What is WeWork? Just before WeWork filed for bankruptcy this week, Neumann said, "I believe that, with the right strategy and team, a reorganization will enable WeWork to emerge successfully." WeWork first tried to launch an IPO with Neumann as chief executive in 2019, with its parent, We Company, spending months preparing for the public offering.

Persons: Shannon Stapleton, WeWork, Adam Neumann, Rebekah Neumann, Miguel McKelvey, freewheeling, Neumann, Steve Clayton, Hargreaves Lansdown, Masayoshi Son, Oscar, Jared Leto, Anne Hathaway, Rebekah, Clayton, WeWork's, Cadwalader, Taft, Sam Stovall, SoftBank, Kannaki Deka, Susan Mathew, Anil D'Silva Organizations: REUTERS, Banks, JPMorgan Chase, Company, CFRA Research, Titanic, Thomson Locations: Queens, New York City, U.S, freewheeling Israel, Wickersham, Bengaluru

Bottom line: Fidelity Investments and Charles Schwab are two of the best robo-advisors for retirement savings, goal-building, and low-cost trading. Fidelity vs. Charles Schwab: The Biggest DifferencesFidelity and Charles Schwab are featured in a number of our guides, including the best brokerages for beginners. Fidelity Investments reviewAutomated Investing With FidelityFidelity offers two different automated accounts: Fidelity Go and Fidelity Personalized Planning & Advice. Charles Schwab Brokerage Account reviewAutomated Investing With Charles SchwabLike Fidelity, Charles Schwab's automated accounts — Schwab Intelligent Portfolios and Schwab Intelligent Portfolios Premium — also include an automated-only account and an automated-plus-advice option. Fidelity vs. Charles Schwab — Frequently Asked Questions (FAQs)Is Fidelity better than Charles Schwab?

Persons: Morningstar, Charles Schwab, Schwab, Charles Schwab's, It's, Fidelity's, you'll, Charles Schwab Charles Schwab, Roth, IRAs, Charles, Charles Schwab —, you've Organizations: Fidelity Investments, Fidelity, Business Daily, screeners, Fidelity Fidelity Investments, Fidelity Fidelity, Fidelity Go, Schwab, Better Business Bureau, & $ Locations: cryptocurrencies, Chevron

☆ Bank of America: Buy these 56 losing stocks that are on the verge of becoming winners, thanks to a little-known investing strategy that has consistently outperformed the market since 1986
▼ + stars: | 2023-11-05 | by ( Mark Reeth | ) www.businessinsider.com time to read: +3 min

Tax-loss harvesting is simple: investors reduce capital gains taxes by selling securities for a capital loss. Bank of America analysts led by head of US equity & quantitative strategy Savita Subramanian endorse a new twist on the strategy. In a recent note to clients, Subramanian identified what she calls TLCs: tax-loss candidates. "We've historically seen evidence of tax-loss selling by institutional investors in Oct. (peak outflows), and by retail investors in Dec. ahead of the Dec. 31 cut-off for individual investors," Subramanian wrote. Institutional investors must sell their losing stocks to claim the benefits of tax-loss harvesting by October 31, while retail investors have until December 31.

Persons: shrug, Subramanian, they've Organizations: Bank of America, 1.9ppt, Institutional

☆ How big should any one stock in your portfolio get? Here's a way to figure it out
▼ + stars: | 2023-11-05 | by ( Zev Fima | ) www.cnbc.com time to read: +4 min

We always recommend an investor's first $10,000 should go to an S & P 500 index fund. So one option for putting all your money to work without making any one stock position too big is to keep adding to your index fund. Or maybe you own five names at 8% each, 15% in cash, and the remaining 45% in an index fund. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Scott L, Jim, Josh Edelson Organizations: Apple, Nvidia, Microsoft, CNBC, Apple's Worldwide, Afp, Getty Locations: Cupertino , California

☆ Elon Musk says Tesla can hit $4 trillion valuation forecast by billionaire investor Ron Baron over the next decade
▼ + stars: | 2023-11-02 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Tesla's total market capitalization can swell to $4 trillion over the next 10 years, Ron Baron said Wednesday. CEO Elon Musk agrees with the billionaire investor's forecast. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementLegendary growth investor Ron Baron believes that Tesla's total market capitalization could swell to an eye-popping $4 trillion over the next decade – and Elon Musk agrees.

Persons: Ron Baron, Elon Musk, —, –, Baron, Musk, Tesla Organizations: Service, MarketWatch, SpaceX, Big Tech Locations: Refinitiv

☆ The winning trading method pros use — where the Fed and the economy don't matter
▼ + stars: | 2023-11-01 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Merger Arbitrage hedge funds gained 4.4% in the third quarter, standing out as the best-performing strategy for the period, beating every category in event-driven, equity, macro and value funds, according to Hedge Fund Research . "The merger arbitrage strategy has historically thrived in a rising interest rate environment when an investor's fixed income portfolio may have suffered losses," said Michael Peck, co-chief investment officer at First Trust. As the proposed deal nears completion, the target's stock typically rises and the acquirer's shares fall. This short-term trading strategy often utilized by fast-money hedge funds typically involves multiple long and short positions, and might be too sophisticated for the average individual investor. The First Trust Merger Arbitrage ETF (MARB) and the IQ Merger Arbitrage ETF (MNA) are two popular ones that capitalize on the technique.

Persons: Bill Gross, Pimco, Michael Peck, Michael Kors, Jimmy Choo, there's, Gross, Broadcom's, Warren Buffett Organizations: Fund Research, First Trust, Gross, Activision Blizzard, Microsoft, Capri Holdings, Capri, VMware, Broadcom, Activision

How to calculate I bond ratesThe Treasury adjusts I bond rates every May and November, and there are two parts to I bond yields: a variable and fixed portion. The variable rate moves every six months based on inflation, and the Treasury can change the fixed rate every six months, but that doesn't always happen. The variable rate resets every six months starting on the investor's I bond purchase date, not when the Treasury announces new rates. Currently, the variable rate is 3.94% and the fixed rate is 1.30%, for a rounded combined yield of 5.27% on I bonds purchased between Nov. 1 and April 30. However, the headline rate may be different than what you receive because the fixed rate stays the same for the life of your bond.

Persons: Ken Tumin Organizations: U.S . Department of, Treasury

☆ Spiking Treasury yields are triggering pain in stocks. 3 experts discuss the renewed threat of bond vigilantes and what else could move markets.
▼ + stars: | 2023-10-29 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

Investors are now tasked with trying to understand where bond yields go next, and what the drivers of those yields would be. Forget about the technical charts, he says — they are not driving the bond market right now. While Fed policy has consequences for the bond market, investors drive the yield, Johnson said. That means trying to predict where bond yields will settle will be very hard. But fear in the stock market could translate to greed in the bond market as investors flee to safety.

Persons: Paul Ciana, Gordon Johnson, —, Johnson, Ed Yardeni, Kevin Zhao, Liz Truss, Ray Dalio, Fitch, Eric Leve, Michael Gayed, there's, Russell, Leve, hasn't Organizations: Federal Reserve, Investors, Bank of America, GLJ Research, UBS Asset Management, CNBC, Greenwich Economic, Tidal Financial, P Bank ETF, BlackRock Locations: Bridgewater, Greenwich

☆ Jamie Dimon's stock-moving trades show why investors should track CEOs' buying and selling
▼ + stars: | 2023-10-28 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +24 min

While executive stock sales — such as Dimon's planned transactions next year — are not universally red flags, they can get complicated. Insider stock sales Executive stock trades are usually disclosed through SEC filings known as Form 4 documents and accessible through the regulator's EDGAR database — the electronic data gathering, analysis, and retrieval system. Rule 10b5-1 trading plans came into the fold just over two decades ago to reconcile these two discordant facts. Adopting Rule 10b5-1 trading plans gives public-company executives a way to protect against allegations of illegal insider trading in the future. Compared with a tiny stock sale executed through a predetermined plan, executive stock buys generally send a much stronger signal: The executive wants to make money, too.

Persons: Jamie Dimon, Dimon, Jim Cramer, Jim, Eliezer Fich, Dimon's, EDGAR, Chester Spatt, Spatt, —, Susan Li, Drexel's, Wharton, Drexel's Fich, Fich, I'm, Nancy Quan's, Quan, Marc Benioff, Carnegie Mellon's Spatt, Benioff, Howard Schultz, Schultz's, Schultz, Carnegie Mellon's, Nikesh Arora, Arora, Charles Scharf, Wells, Sehwa Kim, Kim, Foot, Mary Dillon, Locker, Dillon, Foot Locker, Jim Cramer's, Al Drago Organizations: JPMorgan Chase, JPMorgan, Dow Jones Industrial, Wall, Dimon, Pfizer, Capitol, Drexel University, Club, Securities, Exchange Commission, SEC, Carnegie Mellon's Tepper School of Business, CNBC, Stanford University, University of Pennsylvania's Wharton School, Stanford, Cola, Salesforce, Carnegie, Starbucks, Palo Alto Networks, Alto Networks, Broadcom, Federal Reserve, Washington Service, Columbia Business School, JPMorgan Chase &, Bloomberg, Getty Locations: U.S, Coke, Salesforce, FL

☆ Climate fintech is exciting investors right now. Here's why it's primed to be the next red-hot sector.
▼ + stars: | 2023-10-24 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +5 min

Startups operating at the intersection of climate tech and fintech are attracting a lot of investor attention right now. The so-called "climate fintech" sector is another such area that has seen investment tick up against the backdrop of the broader malaise that has hobbled the startup ecosystem, according to investors. Fintech-focused venture firm CommerzVentures defined climate fintech as companies that speed up decarbonization or help manage and adapt to climate risks. Climate fintech is also a software play so it has the ability to scale quickly and efficiently, which is a sweet spot for most VC investors, Morgenthaler added. "Clear and simplified renewable energy contracts, energy invoices, and tariffs in turn allow consumers to access the cheapest energy from multiple renewable sources," Bessemer investor Aia Sarycheva said.

Persons: Paul Morgenthaler, Morgenthaler, Jeremy Brown, fintech, It's, Sarycheva Organizations: " Venture, Morningstar's, Equity, Energy, Bessemer Locations: Europe, Anthemis, Bessemer

☆ Low-cost EV maker e.GO eyes European, US expansion
▼ + stars: | 2023-10-20 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

Aachen-based e.GO's microfactories cost around $60 million to build, are highly automated and can make around 30,000 EVs annually, Vezvaei said. The company is going public via a merger with special purpose acquisition company (SPAC) Athena Consumer Acquisition , which will value the EV maker at around $900 million, plus raise $235 million in cash and $50 million in debt financing. The EV maker currently makes the e.Wave X, a small four-seater EV for 24,990 euros ($26,457) at its plant in Aachen. The company's listing comes a few years after a major wave of SPAC mergers where EV startups raised billions of dollars. "This is not yet just another EV company, but a company that actually makes cars," she said.

Persons: Wolfgang Rattay, Ali Vezvaei, Vezvaei, e.GO, Tesla's, Isabelle Freidheim, Nick Carey, Jason Neely Organizations: e.GO Mobile, REUTERS, Mobile, U.S, Nasdaq, Thomson Locations: Aachen, Germany, Europe, North Macedonia, U.S

☆ U.S. equities in good shape as long as Israel-Hamas conflict remains contained: Citi's Chronert
▼ + stars: | 2023-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. equities in good shape as long as Israel-Hamas conflict remains contained: Citi's ChronertScott Chronert, Citi U.S. equity strategist, joins 'Squawk on the Street' to discuss the investor's take on the conflict in Gaza, what would constitute an escalation that could affect U.S. stock markets, and more.

Persons: Scott Chronert Organizations: Citi U.S Locations: Israel, Gaza

November's rate for new purchases could be higher than the current 4.3% interest on I bonds bought through Oct. 31, leaving some investors wondering about whether to buy more. The variable rate adjusts every six months based on inflation and the Treasury can also change the fixed rate or keep it the same. (The fixed rate stays the same for investors after purchase, and the variable rate adjusts every six months based on the investor's purchase date.) Based on inflation, the variable rate in November will likely increase to 3.94% from 3.38%. But they'd need to purchase new I bonds between Nov. 1 and April 30 to score the increased fixed rate.

Persons: Ken Tumin, David Enna, you'll, DepositAccounts.com Organizations: Getty, U.S . Department of, Treasury Locations: —

☆ Series I bond rates could rise above 5% in November, experts say
▼ + stars: | 2023-10-13 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

The annual rate for newly purchased Series I bonds could rise above 5% in November based on inflation and other factors, financial experts say. (The fixed portion of the I bond rate remains the same for investors after purchase. The variable rate portion resets every six months starting on the investor's I bond purchase date, not when the Treasury Department announces rate adjustments. Based on six months of consumer price index data, experts say the variable component is likely to rise to 3.94% in November, up from the current variable rate of 3.38%. That variable rate will change again in May 2024.

Persons: doesn't Organizations: U.S ., Finance, U.S . Department of, Treasury, Treasury Department

☆ Tensions are boiling over as America's elite colleges respond to Hamas' terrorist attack on Israel
▼ + stars: | 2023-10-13 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

Tensions have boiled over around how colleges are responding to Hamas' terrorist attack on Israel. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementTensions are running high at America's elite colleges, as students, professors, and well-connected, wealthy alumni respond to Hamas' terrorist attack on Israel. At Harvard, the much-maligned student letter has been deleted, after several student groups retracted their support for it.

Persons: —, Bill Ackman, Mark Rowan, Stanford, Larry Summers, Summers, Joe McCarthy, Jason Furman, Ackman, Israel, Alex Morey Organizations: Elite, Harvard, Yale, Penn, Service, Harvard Palestine Solidarity Groups, Cambridge, University of Pennsylvania, Apollo Global Management, Twitter, Indiana University, Columbia University, New York Police, . Police, Bloomberg, NYU, University of Arizona, Foundation, Rights Locations: Israel, Penn, Palestine, New York, Hamas, Gaza

☆ Warren Buffett's Berkshire Hathaway has likely scored a 93% gain on Nubank stock this year, making the crypto-friendly bank its best performer
▼ + stars: | 2023-10-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Berkshire Hathaway's best-performing stock this year is likely Nubank-owner Nu Holdings, up 93%. Apple stock is up this year, but other key Berkshire bets like Coca-Cola and Kraft Heinz are down. AdvertisementAdvertisementWarren Buffett's Berkshire Hathaway has notched a 93% gain on Nu Holdings since the start of January, likely making the Nubank owner the best performer in Berkshire's stock portfolio this year. Nubank shares have slid 13% from their IPO price fo $9 to trade at $7.84 as of Wednesday's close. Munger has hailed Sequoia as perhaps the "most remarkable investment firm in America" with "the best investment record of anybody."

Persons: Berkshire Hathaway's, Warren Buffett's, Kraft Heinz, —, Warren, Berkshire Hathaway, Berkshire hasn't, Buffett, Charlie Munger, Todd Combs, Ted Weschler, David Vélez, Munger, Sequoia Organizations: Berkshire, Nu Holdings, Apple, Kraft, Service, Bank of America, Sequoia Capital, Sequoia Locations: Berkshire, America, Sequoia

☆ Charlie Munger trashed crypto, warned AI hype seems overblown, and talked poker and donuts at a private event. Here's an inside look at his Zoomtopia keynote.
▼ + stars: | 2023-10-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Charlie Munger panned crypto, warned about AI hype, and trumpeted Zoom at Zoomtopia last week. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementCharlie Munger trashed cryptocurrencies, warned the AI buzz seems overblown, and praised Zoom for keeping him connected during his closing keynote at Zoomtopia on October 4. Craig Durr, research director at The Futurum Group:"Munger shared his seasoned perspective on crypto and AI – both of which he was skeptical about. He said communications help drive business, and business success is about focus and consistency.

Persons: Charlie Munger, Warren Buffett's, —, Eric Yuan, hasn't, Zoom, Tobi Tungl, Craig Durr, Munger, Eric Yuen, Mark Friedler, Warren Buffett, Eric Kunnen, Charlie, Melody Brue, doesn't, Eric, David Maldow Organizations: Service, Berkshire Hathaway's, CTI, Grand Valley State University, Moor Locations: Zoomtopia, cryptocurrencies, Grand

☆ Jim Cramer considers buying this consumer stock after shares drag all month long
▼ + stars: | 2023-10-09 | by ( Jeff Marks | ) www.cnbc.com time to read: 1 min

Jim Cramer considers buying this consumer stock after shares drag all month longJim Cramer and portfolio director Jeff Marks call out a handful of Club names that could be worth buying here on the low. Jim also talks Disney and lays out his thoughts on an activist investor's latest move to shakeup the entertainment giant.

Persons: Jim Cramer, Jeff Marks, Jim, investor's Organizations: Disney

☆ Be ready for the S&P 500 to crash by 50%, house prices to slide, and a recession to strike, Jeremy Grantham says. Here are the elite investor's 16 best quotes from a new interview.
▼ + stars: | 2023-10-07 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

The elite investor sees house prices falling and predicts a recession will strike next year. AdvertisementAdvertisementJeremy Grantham floated the possibility of a 50% crash in the S&P 500, predicted US house prices would drop, and rang the recession alarm during the latest episode of Bloomberg's "Merryn Talks Money" podcast. They're vulnerable on the debt front, vulnerable on the financial front, and vulnerable on a broad economic front." "An over 40-year period of driving down mortgage rates, of course you drove up house prices all over the world, pretty much. "House prices are worse for the ordinary household.

Persons: Jeremy Grantham, —, Merryn, bitcoin, It's, Russell, overpricing, it's, They've Organizations: Service, Commodities

☆ Desmond Tutu's modest car reminds South Africans of his values
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +2 min

Archbishop Desmond Tutu laughs as crowds gather to celebrate his birthday by unveiling an arch in his honour outside St George's Cathedral in Cape Town, South Africa, October 7, 2017. REUTERS/Mike Hutchings/File Photo Acquire Licensing RightsCAPE TOWN, Oct 7 (Reuters) - South Africa's anti-apartheid hero Desmond Tutu could have chosen practically any car in the world when billionaire Warren Buffett offered to buy him a vehicle. The Desmond Tutu Intellectual Property Trust, which manages his legacy, has put the old car on show along with his books and possessions in honour of Tutu's 92nd birthday, which he would have celebrated on Saturday. The car, displayed in Cape Town, the city where the archbishop lived for most of his later life, became a symbol of Tutu's values. Desmond Mpilo Tutu, awarded the Nobel Peace Prize in 1984 for his non-violent opposition to white minority rule, died in 2021.

Persons: Desmond Tutu, Mike Hutchings, Warren Buffett, Mercedes Benz, Tutu's, Mamphela Ramphele, Tutu, Ramphele, Nelson Mandela, Desmond Mpilo Tutu, Esa Alexander, Anait Miridzhanian, Andrew Heavens Organizations: REUTERS, Toyota Corolla, Trust, Reuters, Thomson Locations: St George's Cathedral, Cape Town , South Africa, Cape Town, Africa

☆ Wall St Week Ahead Surging Treasury yields upend stock market's "bond proxies"
▼ + stars: | 2023-10-06 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

Such areas are often referred to as "bond proxies" for their strong, stable dividends, which over the past decade have usually exceeded Treasury yields. But surging bond yields have dulled the appeal of bond proxies. As a result, shares of bond proxies have taken an outsize hit in recent weeks. The S&P 500 utilities sector (.SPLRCU) has tumbled 13% since last month’s Fed meeting. While the sector is expected to see stronger growth than the overall S&P 500 in the third and fourth quarters, its projected 8.6% increase in 2024 lags the expected 12% rise for the overall S&P 500, according to LSEG IBES.

Persons: Brendan McDermid, Irene Tunkel, LSEG, James Ragan, Davidson, Ragan, Lewis Krauskopf, Ira Iosebashvili, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Treasury, Fed, Staples, AT, Verizon, Investors, BCA Research, Reuters Graphics, Friday's, U.S, sector's, Nextera Energy, Nextera Energy Partners, KeyBanc, Markets, Thomson Locations: New York City, U.S, Philadelphia, VandaTrack

☆ Apple CEO Tim Cook just sold 13% of his stock for $42 million after taxes
▼ + stars: | 2023-10-05 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Apple CEO Tim Cook just sold $88 million of his stock, earning about $41.5 million after taxes. The iPhone maker's boss cashed in 13% of his stake, but still owns shares worth $570 million. The disposals generated around $88 million of gross proceeds, but roughly $44 million was withheld by Apple to cover the taxes incurred. For example, he sold $752 million worth of Apple stock in August 2021, netting himself around $355 million after taxes. Following his latest trades, Cook owns about 3.3 million Apple shares, a position worth $570 million as of Wednesday's close.

Persons: Tim Cook, Cook, —, Apple, Tesla, Warren Buffett's Berkshire Hathaway, Buffett Organizations: Apple, Service, TSR, Nvidia, Tech Locations: Warren

☆ Warren Buffett's Berkshire Hathaway has now cashed in $540 million of HP stock in under a month
▼ + stars: | 2023-10-03 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett's Berkshire Hathaway sold another $130 million of HP shares in three days. The investor's company has now cashed in about $540 million of the computing stock in under a month. AdvertisementAdvertisementWarren Buffett's Berkshire Hathaway jettisoned another $130 million worth of HP stock during the last three trading days, it revealed in a regulatory filing on Monday. Buffett's conglomerate owned nearly 121 million shares, or 12.3% of HP, before it began selling on September 11. Prior to last month, Buffett's company hadn't touched the holding since last April.

Persons: Warren, Berkshire Hathaway, —, hadn't, Bill Hewlett, David Packard, Buffett —, Buffett, haven't, Todd Combs, Ted Weschler Organizations: HP, Service, Vanguard, Berkshire, Hewlett, Packard, HP Inc, Apple, Bank of America, American Express Locations: Berkshire, Monday's, California, Bank

☆ Investors fear US data disruption from looming government shutdown
▼ + stars: | 2023-09-29 | by ( Laura Matthews | ) www.reuters.com time to read: +4 min

A shutdown would disrupt government services including the publication of major U.S. economic data such as keenly-watched employment and inflation reports that can move equity and bond markets globally. "If the government data releases are suspended, this will increase volatility and decrease visibility, in a time when forecasting is already difficult," said Clifton Hill, global macro portfolio manager, at Acadian Asset Management. Hill said that investors would have to make assumptions based on survey and non-government economic data that is available. Key government data releases due over the next two weeks include jobless claims, unemployment and inflation, which influence monetary policy. Peter Vassallo, a foreign exchange portfolio manager at BNP Asset Management said delays in economic data "is unfortunately just something that we have to deal with as it comes."

Persons: Brendan McDermid, Clifton, Hill, Jeffrey Roach, Roach, James Knightley, Peter Vassallo, Vassallo, Lynn Martin, Chris Murphy, Goldman Sachs, shutdowns, Acadian's, Moody's, Fitch, Murphy, Laura Matthews, Megan Davies, Jamie Freed Organizations: New York Stock Exchange, REUTERS, Acadian Asset Management, Federal, LPL, U.S . Federal Reserve, Fed, BNP, Management, NYSE, Susquehanna International Group, United Auto Workers, Thomson Locations: New York City, U.S, Washington, Clifton Hill

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