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While they took out federal student loans for themselves, Larry wanted to ensure their options weren't limited. Related storiesShelton and Larry aren't alone: As Gen Xers and boomers age into retirement, they're bringing student loans with them. The retirement student debt crisisBoth Shelton and Larry are facing a particular aspect of the retirement crisis: hoping to throw in the towel while sitting on mountains of student loan debt. Interest is a key reason many older adults find themselves struggling to pay off their student loans for decades. Are you worried about student loan debt impacting your ability to retire?
Persons: Diane Shelton, There's, I've, Larry, he'll, Shelton, Larry aren't, Gen Xers, that's, It's, it's, Sen, Elizabeth Warren Organizations: Service, Security, School's Schwartz, for Economic, Social Security Locations: forbearance
King Charles III takes the reins at Royal Ascot
  + stars: | 2024-06-21 | by ( Billy Stockwell | ) edition.cnn.com   time to read: +6 min
London CNN —Arriving in a horse-drawn open carriage, King Charles III and Queen Camilla attended Royal Ascot in style this week. “We wish all the participants this week the very best of luck in seeking that unique thrill of a Royal Ascot winner.”Last year’s Royal Ascot saw an unlikely win for Charles, with his horse, Desert Hero, overcoming odds of 18 to 1 to land first place. This love of horses has bound together multiple generations of the royal family, from the time of Queen Anne in the 18th century, when Royal Ascot was created, to the present day. Queen Elizabeth II and John Warren cheer on her horse Estimate to win the Gold Cup at Royal Ascot on June 20, 2013. Getty ImagesAnd given Charles’ good fortune at last year’s Royal Ascot, it seems Queen Elizabeth’s lucky streak has passed down to her son.
Persons: King Charles III, Queen Camilla, Camilla, Charles, King George V, , Francis Brooke, Charles ’, ” Brooke, , Queen Anne, Queen Elizabeth II, Anne, Elizabeth, John Warren, Mark Cuthbert, ” John Warren, wasn’t, Princess Anne, Queen, Queen Victoria, Grey, CNN’s Max Foster, Lauren Said, Moorhouse, Ben Church, Aly Vance Organizations: CNN’s Royal, London CNN —, Royal Ascot, Ascot, Hero, Jockey, Central Press, Getty, Royal, Press, CNN, British, Montreal Olympic Games, Jockey Club, Epsom Downs, Windsor , Windsor Greys Locations: London, Berkshire, England, Epsom, Windsor, Quebec, Canada, Windsor , Windsor
And what everyone sort of expected to happen seems to be roughly what’s happening, which is that the populist right has consolidated a lot of support. So that’s sort of three-dimensional chess of one sort. That gets at the definition of populism, right? michelle cottleYeah, so but that kind of then lends itself to a backlash when you feel like things aren’t going right. carlos lozadaWell, I mean —ross douthatI think that’s all sincere.
Persons: lydia polgreen Ross, carlos lozada, lydia polgreen, michelle cottle, carlos lozada That’s, lydia polgreen That’s, Lydia Polgreen, michelle cottle I’m Michelle Cottle, ross douthat I’m Ross Douthat, carlos lozada I’m Carlos Lozada, We’ve, Ross, michelle cottle Woo, — ross douthat, lydia polgreen —, I’m, ross, — michelle cottle, ross douthat —, ross douthat, Emmanuel Macron, Macron, Silvio Berlusconi, Giorgia, Meloni, Brexit, It’s, populists, , Lozada, it’s, don’t, we’ll, that’s, we’ve, JD Vance, He’s, — carlos lozada, polgreen, Trumpist, who’s, Vance, we’re, Trump, — michelle cottle Woo, carlos lozada —, , decries, — ross, won’t, carlos lozada Well, carlos lozada Don’t, Don’t, it’s — michelle cottle, I’ve, Trumpism, Donald Trump, michelle cottle Huey Long, Carlos, William Jennings Bryan, Michelle, Huey Long, George Wallace, Ross Perot, Pat Buchanan, Bernie Sanders, you’ve, Charles Coughlin, Richard Nixon, Ronald Reagan, Biden, unquote, nobody’s, he’s, JD Vance don’t, Robert Penn, Warren, Long, lydia polgreen Wow, ross douthat — Carlos Lozada, George Packer, lydia polgreen Go, carlos lozada Oh, that’s — carlos lozada —, lydia polgreen We’ll, carlos lozada It’s, lydia polgreen It’s Organizations: “ New York, Trump, Tories, National Health Service, Republican, Social Security, Republican Party, Chamber of Commerce, “ Times, Aspen Ideas, Nebraska Democrat, Tea Party, Occupy, Belt, Star Locations: , Europe, France, United States, Italy, United Kingdom, South, British, Ohio, Middletown , Ohio, America, Sun Valley, Middletown, Louisiana, Alabama, China, Connecticut, Belt America, Florida , Texas, California, American, Texas, Mexico, Arizona
Once-obscure chipmaker Broadcom has enjoyed a record-setting rally that's pushed its market capitalization inches behind Warren Buffett's Berkshire Hathaway conglomerate and its portfolio of household names and economic bellwethers. When Broadcom hit an all-time high earlier this week, its market capitalization briefly surpassed drug maker Eli Lilly's. As of Tuesday's close, Broadcom had a market cap of $839 billion, right behind Eli Lilly's $845 billion and Berkshire's $882 billion. Omaha-based Berkshire is currently No.7 in market value, after a cluster of megacap technology giants. Big AI beneficiary Broadcom, meanwhile, is seeing strong demand from customers in need of high-capacity chips that can power complex AI applications.
Persons: that's, Warren Buffett's, Eli Lilly's, Hock Tan, Steve Sosnick, Tesla, Morgan Stanley Organizations: Broadcom, Warren, Warren Buffett's Berkshire Hathaway, Apple, Berkshire, BNSF Railway, Geico Insurance, U.S ., PetroChina, Bank of America, Interactive Brokers, VMware Locations: Palo Alto , California, Omaha, Berkshire, U.S, Saudi Aramco
CNN —The Supreme Court on Thursday upheld a Trump-era tax on overseas investments, rejecting an argument from a Washington state couple in a case that could have jeopardized existing tax provisions and torpedoed Democratic talk of a wealth tax. Justice Brett Kavanaugh wrote the majority opinion and Justice Clarence Thomas wrote a dissent. In reading his opinion from the bench, Kavanaugh repeatedly stressed that the opinion was “narrow” and did not implicate the raging debate over a wealth tax. “Those are potential issues for another day, and we do not address or resolve any of those issues here,” Kavanaugh wrote in Thursday’s opinion. Elizabeth Warren of Massachusetts and Ron Wyden of Oregon and Independent Sen. Bernie Sanders of Vermont have also unveiled tax proposals that would hit the wealthiest Americans.
Persons: Brett Kavanaugh, Clarence Thomas, Kavanaugh, Charles, Kathleen Moore, Moores, Donald Trump, Joe Biden, ” Kavanaugh, , ” Biden, Biden, Democratic Sens, Elizabeth Warren of, Ron Wyden, Independent Sen, Bernie Sanders, Paul Ryan, Moore, Samuel Alito, Alito, Charles Moore Organizations: CNN, Trump, Democratic, Government, Oregon, Independent, Capitol, Moores Locations: Washington, India, trillions, Elizabeth Warren of Massachusetts, Vermont
This year, Capitol Hill Block Party fills the streets with music from multiple stages from July 19 to 21 in Seattle. While some tickets are already sold out for the July event, Capitol Hill Block Party still has some original tickets, including three-day passes and VIP tickets. Capitol Hill Block Party 2024 festival scheduleThe Capitol Hill Block Party is a three-day music festival scheduled for July 19 through 21. How much are Capitol Hill Block Party tickets? All three days of Capitol Hill Block Party are packed with popular artists from various genres.
Persons: Remi Wolf, Woozy, Chappell Roan, Becky Hill, Annie Dirusso, Alice Longyo Gao, Akira Galaxy, Oble Reed, Juliette, King Sheim, Jaiden Grayson, Chisme, Camille Saturday, Flyana, Tkay, Carol Ades, Cherry Ferrari, Tinsley, Anna Thompson, Blksknn, Linda, Aryana Leon, Fleetwood Snack, Terra, Joey Valence, Mette, Frost, Saint Deon Organizations: Business, Block, Capitol, Capitol Hill Block, Hill Block, Capitol Hill, Block Party, Vivid, Hill Block Party, Power, Force, Warren Locations: Seattle, Capitol Hill, Hill, here's, StubHub, Mindchatter, Tezatalks, Jaywop, JNA, The, Brae, Vansire, Maeta, Fiji, Saint, Warren Dunes
Nvidia 's furious rally to become the king of the megacap stocks has also put it above the entire stock market value of some of the world's largest economies. On Tuesday, Nvidia surpassed $3.3 trillion in market capitalization, moving it ahead of Microsoft as the biggest stock in the U.S. But its market cap had already raced ahead of the cumulative value for entire stock markets in Germany, France and the United Kingdom, measured individually and in U.S. dollars. Only India, Japan, China and the U.S. have stock markets bigger than Nvidia alone, according to Deutsche Bank. The rally has also fueled concerns about the concentration of the U.S. stock market in just a few technology names.
Persons: Warren Buffett's Berkshire Hathaway Organizations: Nvidia, Microsoft, Deutsche Bank, U.S, Apple Locations: U.S, Germany, France, United Kingdom, India, Japan, China, OpenAI
This is according to a detailed internal document obtained by Business Insider that reveals a host of new information and insights about Amazon's book business and the broader publishing landscape. Reliable data on this industry is limited or tightly controlled, so it's sometimes difficult to get handle on the scope of the book business. "Monopoly power"Amazon's book business has drawn antitrust scrutiny over the years. The company doesn't publicly disclose book sales, nor does it give a revenue breakdown of each retail category. The US accounts for over half of the salesThe document reveals a few staggering numbers that show how big Amazon's book business is.
Persons: , John Warren, George Washington University's, doesn't, Lindsay Hamilton, Noble, Warren, Hamilton Organizations: Service, Business, Amazon, Federal, American Booksellers Association, FTC, Justice Department, BI, GMS, Barnes, Costco, Pew Research Center, George Washington University Locations: Germany, Japan, France, Italy, Spain, Australia
The second half of the year is around the corner, and some stocks are primed to outperform, according to a screen of Wall Street analysts' favorite picks. The following names have 20% or more upside to their analyst price targets and are already in the green for 2024 — indicating their price targets are elevated not just due to a drop in share price. To note, the price targets are 12-month estimates. Out of the four analysts covering the stock, three rate it a buy or a strong buy. Around three-quarters of analysts covering the stock have a strong buy or buy rating.
Persons: Goldman Sachs, Warren Buffet's Berkshire Hathaway, Guggenheim, Hess Organizations: Street, Nvidia, ISI, Citi, CNBC Pro, CNBC, Argus, Disney, Coterra, UBS, Chevron, Exxon Mobil Locations: Warren, Chevron, Guyana
Read previewBuying a house has become especially hard, but some people can't afford one because they're mismanaging their money, personal finance guru Dave Ramsey says. "It is mathematically tough right now, it is economically tough. Overspenders can't complainDespite those challenges, the talk show host and author called out people who make bad financial decisions and then complain they can't afford a house. "Well I just told you why you can't afford a house: Your stinking overspending." "When you are broke and in debt, don't have an emergency fund, and sign up for a mortgage payment you can't afford, that is not smart real estate.
Persons: , they're, Dave Ramsey, Overspenders, Ramsey, Warren Buffett Organizations: Service, Business, Federal Reserve, Disney
"I am disappointed by press reports indicating that you are personally intervening—after numerous meetings with big bank CEOs—to delay and water down the Basel III capital rules," said Warren. Last year, three U.S. banking regulators including the Federal Reserve unveiled the proposed rules, a long-expected regime shift around bank capital and risky activities such as trading and lending. The regulations incorporate new international standards created as a response to the 2008 global financial crisis. In March, Powell told lawmakers that he expected "broad and material changes" to the proposal in the wake of the industry's campaign against the rules. Warren urged Powell to allow a Federal Reserve Board vote on the original, tougher Basel proposal by the end of this month.
Persons: Sen, Elizabeth Warren, Jerome Powell, Warren, Powell, , JPMorgan Chase, Jamie Dimon, Donald Trump Organizations: Senate Armed Services, Washington , D.C, Federal, CNBC, Federal Reserve, Bank, JPMorgan, Street, Fed Locations: Afghanistan, South, Central Asia, Washington ,, Basel, Basel III, U.S
Read previewA woman has accused star real estate broker Tal Alexander and his brother Alon of raping her at a Manhattan apartment in 2012. Earlier this year, two other women filed separate lawsuits accusing Alon and a third brother, Oren Alexander, of rape. Tal and Oren Alexander cofounded the luxury real-estate brokerage Official. An attorney for Tal Alexander did not immediately return an email Tuesday seeking comment on the allegation. They also developed a reputation in the brokerage business for their aggressive approach in courting wealthy clientele and elbowing other brokers out of transactions.
Persons: , Tal Alexander, Alon, Oren Alexander, Angelica Parker, Tal, Oren, Parker, vaginally, Sean Zanni, Patrick McMullan, Isabelle Kirshner, Kirshner, Michael Willemin, Angelica, Willemin, Douglas Elliman, Rebecca Mandel, Kate Whiteman, Evan Torgan, Mandel, Whiteman, everyone's, they'll, it'll Organizations: Service, Business, Partners, Hamptons Locations: Manhattan, New York, SoHo, NY
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSen. Warren: It's not the job of Jay Powell to carry water for the biggest banks in this countrySen. Elizabeth Warren (D-Mass.) joins 'Squawk Box' to discuss her letter to Fed Chair Jerome Powell questioning the Fed about closed door conversations with JPMorgan CEO Jamie Dimon advocating for slashing bank capital requirements in half, why she's accusing Powell of doing the financial industry’s bidding in considering changes to Basel III Endgame regulations, and more.
Persons: Email Sen, Warren, It's, Jay Powell, Sen, Elizabeth Warren, Jerome Powell, Jamie Dimon, Powell Organizations: Email Locations: Basel
Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024. The Omaha, Nebraska-based conglomerate purchased Occidental shares every trading day from June 5 to Monday, totaling an additional 7.3 million shares with purchase prices slightly under or above $60, filings showed. The purchases brought Berkshire's holding to over 255 million shares, or a 28.8% stake. Occidental is Berkshire's sixth biggest stock holding, while the conglomerate has become Occidental's biggest institutional investor by far. Berkshire also owns $10 billion of Occidental preferred stock, and has warrants to buy another 83.9 million common shares for $5 billion, or $59.62 each.
Persons: Warren Buffett, Warren Buffett's Berkshire Hathaway, Buffett, oilman Armand Hammer, Vicki Hollub Organizations: Berkshire Hathaway, Occidental Petroleum, Occidental, Anadarko Petroleum, Berkshire, Oracle, CNBC Locations: Omaha , Nebraska, Houston, Berkshire, Occidental, Omaha, America
Under current federal law, an undocumented person who enters the United States and marries a US citizen must first request parole before applying for legal residency. Lawful permanent residency, commonly known as obtaining a green card, allows immigrants to live and legally work in the United States. Some Democrats in the Senate praised Biden’s executive order while those in vulnerable seats tried towing a line. Sen. Bob Casey, a Democrat in a vulnerable seat, also declined to say if he supports Biden’s executive order. However, he did praise Biden’s executive order from earlier this month aimed at restricting border crossings.
Persons: Washington CNN —, Biden, Barack Obama, Donald Trump, Biden’s, it’s, Donald Trump’s unforgivable, ” Biden, Julie Chavez Rodriguez, , , ” Todd Schulte, ” Muzaffar Chishti, John Thune, ” Thune, they’ll, ” Sen, Thom Tillis, Tillis, Sen, Elizabeth Warren, , Sherrod Brown, Bob Casey, “ I’ve, – I, CNN’s Sam Fossum, Kayla Tausche, Lauren Fox, Morgan Rimmer, Manu Raju Organizations: Washington CNN, CNN, Migration Policy Institute, Republican, Congress Locations: Arizona , Nevada, Georgia, United States, Ohio
Hong Kong CNN —Warren Buffett’s Berkshire Hathaway has further cut its large stake in BYD, which vies with Tesla as the world’s largest electric car (EV) maker, as global trade tensions escalate over Chinese EVs. The sale was valued at 310.5 million Hong Kong dollars ($40 million). BYD shares had closed at a record high in June of that year. In 2008, Berkshire spent $230 million in buying BYD shares at an average of HK$8 ($1.02) apiece. Berkshire still holds 75.7 million Hong Kong-listed shares of BYD, which were worth about 17.6 billion Hong Kong dollars ($2.3 billion) by Tuesday.
Persons: Hong Kong CNN — Warren, Berkshire Hathaway, Tesla, Buffett, Daniel Acker, Biden, Wang Chuanfu, Elon Musk’s Tesla, didn’t, Charlie Munger, Munger “, Organizations: Hong Kong CNN, Hong Kong, Berkshire, Bloomberg, Getty, European Union, European Commission, EU, EV, HK, CNN Locations: China, Hong Kong, BYD, European, Europe, Beijing, United States, Shenzhen, Berkshire
La-Z-Boy – The stock soared more than 19% after the furniture company topped Wall Street expectations for the fiscal fourth quarter. La-Z-Boy reported adjusted earnings of 95 cents per share on revenue of $554 million. This is above earnings estimates of 70 cents per share on revenue of $516 million, according to analysts polled by LSEG. Rocket Lab USA – Shares of the space company jumped around 9% after it signed a ten-launch deal with Japanese Earth observation company Synspective. Analysts polled by FactSet were expecting 82 cents per share in earnings on $1.7 billion of revenue.
Persons: Canaccord Genuity, Piper Sandler, Lennar, FactSet, Warren, Berkshire Hathaway, Buffett, , Alex Harring, Michelle Fox, Sarah Min, Yun Li Organizations: LSEG, NextEra Energy, Patterson Companies, Occidental Petroleum –, Semiconductor, VanEck Semiconductor, Micron Technology, Qualcomm, Nvidia Locations: Monday's, Houston
But comments like these are par for the course at Socially Inept, a comedy show hosted by former tech employees who make the audience — which is largely made up of tech workers themselves — the material. Socially Inept was founded by Jesse Warren and Austin Nasso, two former Big Tech employees. AdvertisementNasso, Oster, and Warren met through Seattle's comedy scene when Nasso and Warren worked Big Tech jobs in the city. It makes it seem like you're in on the joke, even when you're also kind of the butt of the joke. And for the most part, it seemed like tech workers in the audience were very self-aware and took their roasts in stride.
Persons: , She's, Peter Jay Sharp, Jesse Warren, Austin Nasso, Nikita Oster, Boston —, Nasso, Oster, Warren, Masha Oster, — Warren, Justin Bieber, James Franco, Tom Brady, revel, they're Organizations: Service, Business, Flatiron District, Union Square Ventures, Google, Big Tech, Boston, Microsoft, SpaceX, Valley Bank, Army, eBay, Tech Locations: New York, Hudson, Manhattan, San Francisco , LA, Miami, Seattle, LA, hurtfulness
Joe Kennedy III is one of the most prominent modern Kennedys in politics. Joe Kennedy III. Greg Nash-Pool/Getty ImagesJoe Kennedy III, 43, is the grandson of Robert F. Kennedy. Still, he'd go on to serve as a United States representative for Massachusetts from 2013 to 2021 and has held the position of United States Special Envoy for Northern Ireland since 2022. The pair met in a Harvard Law School class taught by Sen. Elizabeth Warren, and they now live in Newton, Massachusetts, with their two young children, CBS reported.
Persons: Joe Kennedy III, Greg Nash, Robert F, Kennedy, Ed Markey, he'd, Donald Trump's, He's, Marjory Stoneman, We're, Lauren Birchfield, Sen, Elizabeth Warren, Matthew Rauch Kennedy Organizations: Stanford University, Harvard Law School, United, Massachusetts, United States, Northern Ireland, Democratic, House Energy, Commerce, Green, NBC Boston, Marjory Stoneman Douglas High School, Harvard, Harvard Law, CBS, CNN Locations: Massachusetts, United States, Northern, Massachusetts's, Parkland , Florida, Newton , Massachusetts
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 4, 2024. Berkshire Hathaway, an early investor in BYD thanks to the late Charlie Munger, continued to trim its massive stake in China's biggest electric vehicle maker. Warren Buffett's conglomerate has sold an additional 1.3 million Hong Kong-listed shares of BYD for $39.8 million, according to a filing to the Hong Kong Stock Exchange. The conglomerate first bought about 225 million shares of Shenzhen-based BYD in 2008 for about $230 million. The bet turned out to be extremely lucrative as the EV market saw explosive growth in China and elsewhere.
Persons: Warren Buffett, Berkshire Hathaway, Charlie Munger, Warren Buffett's Organizations: Berkshire, Hong Kong Stock Exchange Locations: Omaha , Nebraska, Hong Kong, BYD, Shenzhen, China
Pregnant in Gaza With Nowhere to Go
  + stars: | 2024-06-17 | by ( Nicholas Casey | ) www.nytimes.com   time to read: +1 min
Nevin had dressed that morning, put on some makeup and gotten her daughters — Zaina, Lina, Maise and Doa’a — ready for the day. Her husband, Mahmoud, flagged a taxi, and the couple set out from the warren of buildings in her neighborhood in eastern Gaza City to a leafy street near the center of the capital. There was a long wait to see him; the high demand must have been a good sign, Nevin thought. Their life together began in a tiny bedroom in her in-laws’ apartment where the couple lived for two years before they moved into their own home in Shajaiye, the neighborhood where both their families lived. Zaina and Lina, now 14 and 13, came into their lives first, the two girls growing close because just a year separated them.
Persons: Nevin, — Zaina, Lina, Maise, Doa’a, Mahmoud, You’re, , hadn’t, Zaina Organizations: Shifa Locations: Gaza City, Al, Shajaiye
Meme stock and erstwhile videogame retailer GameStop is back in the limelight as Reddit ringleader Roaring Kitty stirs up another trading frenzy. Warren Buffett commented at length about the speculative behavior during the first GameStop mania in 2021. Then, the "Oracle of Omaha" called the stock market a gambling parlor for retail investors, encouraged by Wall Street's investment banks and brokerages. "It's become a very significant part of the casino group that has joined into the stock market," Buffett said at 2021's Berkshire annual meeting . Options trading in GameStop exploded after Roaring Kitty, whose legal name is Keith Gill, touted his large positions in those risky vehicles.
Persons: Kitty, Warren Buffett, Wall, It's, Buffett, They've, Keith Gill, John Maynard Keynes Organizations: GameStop, Berkshire, Citadel Securities Locations: Omaha
"A vote for a commission is a vote to cut Social Security," the man shouted before he was escorted off the floor. How the last major reforms, in 1983, came togetherPresident Ronald Reagan signs the Social Security Act Amendment into law on April 20, 1983. The changes involved taxes on Social Security benefits, increases to payroll tax rates, a future increase to the retirement age and a near-term postponement of cost-of-living adjustments. Social Security Commission Chairman Alan Greenspan, left, shakes hands with Sen. Charles Grassley, R-Iowa, prior to a Social Security hearing on Feb. 15, 1983. Lawmakers divided on best path forwardToday, lawmakers are divided on the best path forward to address Social Security.
Persons: , Scott Peters, Peters, Bill Huizenga, Joe Manchin, Mitt Romney, — Rep, John Larson, Connecticut —, It's, " Larson, Larson, Nancy Altman, Ronald Reagan, Alan Greenspan, Greenspan, Jim Baker, Reagan, Tip O'Neill, Robert M, Ball, O'Neill, Sen, Charles Grassley, Bob Dole, John Danforth, Altman, Bruce D, Schobel, Elizabeth Warren, Bernie Sanders, California —, they're, Hakeem Jeffries, Conn, Brian Higgins, Jimmy Gomez, Jeffries, Dan Kildee, Richard Neal, Tom Williams Organizations: iStock, Social, Social Security, AARP, CNBC, Rep, Democratic, Corbis, National Commission, Social Security Reform, Greenspan, Federal Reserve, House, White, Finance, Economic Policy Institute, Republican, Greenspan Commission, Senate Finance, Bettmann, Getty, Congress, Democratic House, White House, Democrats, Security, Capitol Visitor Center, CQ, Inc Locations: Sens, R, Utah, Connecticut, Massachusetts, Iowa, California, D
Nasdaq hits another record close
  + stars: | 2024-06-14 | 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 EmailNasdaq hits another record closeScott Wren, Wells Fargo Investment Institute senior global market strategist, and Warren Pies, 3Fourteen Research co-founder, joins 'Closing Bell Overtime' to talk the day's record market action.
Persons: Scott Wren, Warren Organizations: Nasdaq, Fargo Investment Institute, 3Fourteen Research Locations: Fargo
Warren Buffett's piece of Apple is worth $169 billion, or more than 450 of the S&P 500 companies. Berkshire Hathaway pared its stake by 13% last quarter; it would have been worth $194 billion. Apple stock has surged by 25% in under three months to a record high, helped by AI buzz. AdvertisementWarren Buffett's stake in Apple is worth more than 450 of the S&P 500 companies following a surge in the iPhone maker's stock over the past six weeks. Buffett's conglomerate, Berkshire Hathaway, owned about 790 million Apple shares worth $135 billion at the end of March, company filings show.
Persons: Warren, Berkshire Hathaway, , Warren Buffett's Organizations: Berkshire, Apple, Service, Microsoft, Business Locations: Berkshire, Thursday's
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