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☆ Stock futures are flat in overnight trading, S&P 500 on the brink of 5,000: Live updates
▼ + stars: | 2024-02-07 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Stock futures were little changed in overnight trading Wednesday after the S&P 500 finished the regular session on the brink of the 5,000 milestone. S&P 500 futures and Nasdaq 100 futures were both flat. Disney shares surged about 6% in after hours trading as the media giant beat quarterly earnings estimates and raised its guidance amid its cost-cutting effort. The S&P 500 climbed 0.8% to 4,995.06 Wednesday, as the rally led by technology chugged along. Big Tech Meta Platforms surged another 3% Wednesday, while Nvidia and Microsoft rose about 2% each to fresh record highs.

Persons: Arm, Adam Crisafulli Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Disney, Big, Nvidia, Microsoft, Dow

☆ Three stocks stocks that could replace Tesla in the Magnificent 7
▼ + stars: | 2024-02-07 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Now some on Wall Street believe Tesla no longer deserves to be among the coveted " Magnificent 7 ," and are suggesting alternatives that could replace Elon Musk's company. "The Magnificent 7 now looks more like the Magnificent 6 as Tesla falls from the crowd," billionaire investor Leon Cooperman , CEO of the Omega Family Office, said on CNBC's " Squawk Box " Tuesday. Meanwhile, there are now 29 companies that contributed more to S & P 500 earnings than Tesla, according to Strategas Securities. The research firm identified three companies with both market cap weighting and earnings contributions (for the next 12 months) larger than Tesla — Berkshire Hathaway , Broadcom and Eli Lilly . "Berkshire spent last year fliting with the top seven, but Broadcom and Lilly have steadily gained share," Strategas said in a note.

Persons: Tesla, Elon, Leon Cooperman, Berkshire, Eli Lilly, Lilly, Strategas, Warren, Eli Lilly's, — CNBC's Michael Bloom Organizations: Elon Musk's, Omega, Strategas Securities, Berkshire Hathaway, Broadcom, Berkshire, JPMorgan Locations: Warren Buffett's Berkshire

☆ Cathie Wood is standing by Tesla amid sharp sell-off, betting on robotaxi cycle in 2 years
▼ + stars: | 2024-02-07 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Ark Invest's Cathie Wood said Wednesday she's standing by her bullish thesis on Tesla and is buying the dip in the electric vehicle company as the stock sold off. "Tesla is going through a low right now related to the cycle," Wood said on CNBC's " Last Call. " Wood has been a longtime Tesla bull as the Elon Musk company is her flagship Innovation fund (ARKK )'s second biggest holding. There is so much negative psychology in the stock right now," Wood said. They're now starting to show earnings momentum and surprises on the upside, not just revenue, but also earnings," Wood said.

Persons: Cathie Wood, Tesla, Wood, They're Organizations: Tesla, Elon Musk, Innovation

☆ Hedge fund billionaire Bill Ackman to launch a NYSE-listed fund for regular investors
▼ + stars: | 2024-02-07 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. The hedge fund billionaire is planning to launch a closed end fund, investing in 12 to 24 large-cap, investment grade, "durable growth" companies in North America, according to a regulatory filing. Ackman is waiving the management fee for the first 12 months and after the first year will charge a flat 2% fee. Ackman has become one of the world's most prominent hedge fund investors after years of market-topping returns and vocal activist campaigns. The popular investor's hedge fund held only seven stocks at the end of 2023, including Alphabet , Chipotle Mexican Grill and Howard Hughes Corporation.

Persons: Bill Ackman, Pershing, Ackman Organizations: Pershing, Capital Management, Delivering Alpha, New York Stock Exchange, Grill, Howard Hughes Corporation, CNBC PRO Locations: New York City, North America

☆ Chinese media claims it doesn't fear Taiwan's new weapons that can strike deep into China
▼ + stars: | 2024-02-06 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Read previewTaiwan's new long-range cruise missiles are slow and easy to shoot down, Chinese media reports — claims whose truth depends on many unknowns. In the game, Taiwan used its missiles against the Chinese invasion fleet in the Straits of Taiwan, rather than striking ports. Could Taiwan's long-range cruise missiles penetrate Chinese defenses? As the Ukraine war has shown, subsonic cruise missiles can be intercepted by anti-aircraft missiles such as the U.S. Patriot and Russia's S-300. AdvertisementEither way, the technical capabilities of Taiwan's cruise missiles may not be the biggest issue.

Persons: —, Feng, Tien, Yun Feng, Mark Cancian, Cancian, Russia's, Masao Dahlgren, Dahlgren Organizations: Service, Business, Ordnance Industry Science Technology, China Morning, Missile, Center for Strategic, International Studies, Abrams, Missiles, US, CSIS, U.S . Patriot Locations: Beijing, U.S, China, Taiwan, Washington ,, Straits, Ukraine

☆ Stocks making the biggest moves midday: Palantir, Spotify, UPS, DocuSign and more
▼ + stars: | 2024-02-06 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

In its second quarter, the materials company posted earnings of 36 cents per share, greater than the 26 cents per share anticipated by analysts polled by StreetAccount. In its fourth quarter, the company posted adjusted earnings of 87 cents per share, compared to guidance of 85 cents to 87 cents in earnings per share. The company said it was committed to announcing a $3.5 billion share buyback for the first half of the year. The insurance service company reported adjusted earnings of $7.44 per share, topping the FactSet consensus estimate of $7.05 in earnings per share. Analysts polled by FactSet were expecting earnings of $1.08 per share on revenue of $1.24 billion.

Persons: Li, Willis Towers Watson, Gil Shwed, DocuSign, FactSet, Rambus, — CNBC's Michelle Fox, Alex Harring, Hakyung Kim, Yun Li, Tanaya Macheel, Jesse Pound, Pia Singh Organizations: LSEG, StreetAccount, GE HealthCare Technologies, FactSet, Li Auto, Deutsche Bank, Spotify Technology, DuPont de Nemours, BP —, BP, Simon Property Group, Simon Property, United Parcel Service, UBS, Software Technologies, UBS — U.S, FMC Locations: StreetAccount ., FactSet ., Mississippi, Dalton , Georgia, Dalton, Swiss

☆ Leon Cooperman says 'too rich' stocks to go down, and long-term rates could go higher this year
▼ + stars: | 2024-02-06 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Leon Cooperman forecasts that the stock market and its hefty valuations could see losses this year, while long-duration Treasury yields could test higher again. Forget the six times that the market was discounting, but I think the long end will go up," Cooperman said. Cooperman pointed out that the S & P 500 is now trading at 21 times forward earnings, which seems unsustainable. Not a buyer of bonds Another factor that could drive long rates higher is the burgeoning U.S. fiscal deficits, Cooperman added. "I think we're going to have inflation," Cooperman said.

Persons: Leon, Cooperman, Jerome Powell, Powell, Paul Tudor Jones, he's Organizations: Omega Family Office, Reserve, CBS Locations: U.S

☆ ‘The Big Short’ investor Steve Eisman doesn't see a systemic problem from commercial real estate losses
▼ + stars: | 2024-02-05 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

"It's confined to office real estate," Eisman said in CNBC's " Squawk Box ." "Office real estate is confined to certain community banks and regional banks. It's not a big bank problem....I just don't see a systemic or big problem at this point that's going to hurt the economy." NYCB took over the failed Signature Bank during the regional bank crisis in 2023. "Office real estate is not big enough to have a real big negative effect on the economy," he said.

Persons: Steve Eisman, Eisman, NYCB, Neuberger Berman, he's Organizations: New York Community Bancorp, Bank Locations: CNBC's, NYCB

☆ Ken Griffin’s Citadel hedge fund rose 1.9% in January as volatility ramped up
▼ + stars: | 2024-02-05 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Billionaire investor Ken Griffin's flagship hedge fund rose last month as volatility made a return amid the debate about rate cuts, according to a person familiar with the returns. All five strategies used in the fund — commodities, equities, fixed income, credit and quantitative — were positive for the month, the person said. The Miami-based firm's tactical trading fund gained 2.6% for the month, while its equities fund, which uses a long/short strategy, returned 2.1%, said the person. Meanwhile, Citadel's global fixed income fund returned 1.7%. The hedge fund giant started 2024 with $56 billion in assets under management.

Persons: Ken Griffin's, Citadel's multistrategy, Jerome Powell, Griffin Organizations: Citadel, Federal, Federal Reserve Locations: Wellington, Miami, U.S

☆ Paramount, even with a takeover offer, may still prove a rare losing bet for Berkshire Hathaway
▼ + stars: | 2024-02-05 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Paramount Global shares got a boost last week after reports of a potential takeover offer , but the media company could still prove a rare losing bet for Berkshire Hathaway , its biggest institutional investor. The media company's Class B shares climbed almost 5% last week to close Friday at $14.43 as investors cheered billionaire media mogul Byron Allen's $14.3 billion buyout bid. Allen Media Group offered $21.53 for each Class B nonvoting share of Paramount, about 50% above the 90-day average price. The Omaha-based conglomerate owns 93.7 million shares of Paramount nonvoting Class B stock, or a 15.4% stake, according to FactSet. It may have been the case that Berkshire was betting on Paramount being an acquisition target.

Persons: Berkshire Hathaway, Byron Allen's, Buffett, You've, Shari Redstone, Don Bilson, Gordon Haskett, Allen Organizations: Paramount Global, Berkshire, Allen Media Group, Paramount, Paramount nonvoting, Oracle, CBS, Showtime, Nickelodeon, Skydance Media, Warner Bros . Locations: Omaha

☆ Paul Tudor Jones says the U.S. economy is on an 'unsustainable' path, threatening markets
▼ + stars: | 2024-02-05 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire hedge fund manager Paul Tudor Jones believes the U.S. economy could run into major problems down the road due to its burgeoning fiscal deficits, which could eventually hurt the markets. The U.S. government ran up another half a trillion dollars in red ink in the first quarter of its fiscal year. "The only question is does that manifest itself in the markets, or when does that manifest itself in the markets," he said. Productivity may mask and it might be three or four years from now but clearly, clearly, we're on a unsustainable path." Jones is also the chairman of nonprofit Just Capital, which ranks public U.S. companies based on social and environmental metrics.

Persons: Paul Tudor Jones, We've, Jones, CNBC's, Jerome Powell Organizations: Federal, Tudor Investment, U.S Locations: U.S

☆ Stocks making the biggest moves midday: Meta, Apple, Intel, Amazon, Clorox and more
▼ + stars: | 2024-02-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Apple — The iPhone maker's shares inched down 0.3% after Apple provided financial guidance for the current quarter that hinted at weak iPhone sales. Amazon posted $1 in earnings per share on $169.96 billion in revenue, according to LSEG. Analysts polled by LSEG had estimated $8.9 billion in revenue and earnings of $4.18 per share this year. Bristol Myers Squibb — The pharmaceutical stock added 1% after fourth-quarter earnings and revenue at the maker of the Opdivo anti-cancer treatment beat analysts' estimates. ExxonMobil , the largest oil company in the U.S., rose 1% after its fourth-quarter earnings per share topped analysts' estimates.

Persons: LSEG, Cigna, Barbie toymaker, Clorox, —, Alex Harring, Yun Li, Tanaya Macheel, Michelle Fox Organizations: Revenue, Apple, Amazon, Analysts, Bristol Myers Squibb, LSEG . Revenue, Wall, Mattel —, Barington, Mattel, Price, Chevron —, Chevron, LSEG, ExxonMobil, Intel, Street Journal Locations: China, U.S, Ohio

☆ Forget FANG and Magnificent 7, the new hot portfolio is 'MnM,' says Raymond James
▼ + stars: | 2024-02-02 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Microsoft, Nvidia & *now* Meta Leading in AI Era," Raymond James analyst Josh Beck said in a note to clients. META NVDA,MSFT YTD mountain MnM portfolio Apple, Alphabet, Amazon, Microsoft, Meta Platforms, Nvidia and Tesla – referred to as the Magnificent 7 –recently replaced the popular FANG acronym coined about a decade ago. Apple shares are now down about 3% on the year and another 3% in premarket trading Friday. Now, Raymond James believes that "MnM" could take the baton from FANG and Magnificent 7 to become the next hottest tech portfolio on Wall Street. Nvidia shares have climbed another 27% this year following a whopping 238% rally last year.

Persons: FANG, Raymond James, Josh Beck, Beck, Apple, Mark Zuckerberg, — CNBC's Michael Bloom Organizations: Microsoft, Nvidia, Meta, Tesla, Apple Locations: China, U.S

☆ BofA says NY Community Bancorp plunge isn't indicative 'of wider problem'
▼ + stars: | 2024-02-01 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

NYCB took over the failed Signature Bank during the regional bank crisis in 2023. BofA noted that the fourth-quarter results for the big six U.S. banks as well as other large regional banks were "constructive on credit quality." NYCB 5D mountain New York Community Bancorp Secondly, Bank of America said larger banks have strong capital buffers against credit losses. Category IV refers to banking standards for U.S. banks with total assets of $100 billion or more. Jefferies also cited an "unexpectedly faster regulatory mandate" to Category IV bank compliance for NYCB.

Persons: NYCB, BofA, Jon Arfstrom, Jefferies, — CNBC's Michael Bloom Organizations: of America, New York Community Bancorp, Bank, Bank of America, York, Bancorp, Fed, RBC, Equity, NYCB, Jefferies Locations: NYCB

☆ Jeffrey Gundlach says all the 'Goldilocks' talk makes him nervous, thinks recession is still likely
▼ + stars: | 2024-01-31 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

DoubleLine Capital CEO Jeffrey Gundlach believes the Federal Reserve poured cold water on hopes for a "Goldilocks" economic scenario benefiting risk assets, and the bond king stuck to his call for a likely recession this year. "When I hear the word 'goldilocks,' I get nervous," Gundlach said Wednesday on CNBC's "Closing Bell." But Gundlach believes the market's faith was blindly optimistic and that Powell's message on Wednesday crushed the "Goldilocks" theory. "I think you want cash to be able to get into emerging market trade once the economy slows and perhaps goes into recession," Gundlach said. If we go into the United States recession, I think we will see a buying opportunity and you want cash for that."

Persons: Jeffrey Gundlach, Gundlach, Jay Powell, Jerome Powell, Stocks, Powell Organizations: DoubleLine, Federal Reserve, Federal, Fed, CNBC PRO Locations: United States

☆ Stocks making the biggest moves premarket: Google, Advanced Micro Devices, Starbucks and more
▼ + stars: | 2024-01-31 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

The Google parent topped Wall Street's expectations on the top and bottom lines, but recorded advertising revenue of $65.52 billion. Advanced Micro Devices — The semiconductor company's shares slid 4.3% after posting fourth-quarter earnings Tuesday that came out in line with consensus expectations. Starbucks – Shares of the coffee chain were higher in premarket trading even after a disappointing financial update for its fiscal first quarter. Starbucks posted earnings per share of 90 cents, falling below analysts' expectations by 3 cents, according to LSEG. Manhattan Associates — The supply chain software provider surged 11% premarket after fourth quarter earnings and revenue topped analysts' highest estimates, and issued first quarter financial guidance that also surpassed expectations.

Persons: Byron Allen, Tesla, Elon Musk, Mondelez, Morgan Stanley, —, Macheel, Alex Harring, Samantha Subin, Yun Li, Scott Schnipper Organizations: Google, StreetAccount, Paramount Global, Paramount, AMD, Microsoft, Boeing, Starbucks, Technologies, Manhattan Associates Locations: LSEG, Delaware

☆ Traders who scored big and grew famous for 'The Big Short' reveal their current bets
▼ + stars: | 2024-01-30 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Their success was chronicled in Michael Lewis' " The Big Short " in 2010, and the Oscar-winning movie based on the book in 2015. Collins of Seawolf Capital revealed that Tesla has been one of his firm's best short bets this year. "I wouldn't call that as big a conviction story as The Big Short. I mean, 'The Big Short' was taking on basically Western civilization." Upstart short Moses at RiskReversal Media said he's betting against artificial intelligence lending platform Upstart .

Persons: Porter Collins, Vincent Daniel, Steven Eisman, Neuberger Berman, Danny Moses, Michael Lewis, Oscar, Collins, Tesla, Eisman, Moses Organizations: Seawolf, RiskReversal Media, UPS, Infrastructure Eisman

BEIJING (AP) — As the U.S. presidential campaign moves closer to a Donald Trump-Joe Biden rematch, China is watching uneasily. While Biden has looked for areas of cooperation with China, Beijing is concerned about his efforts to unite allies in the Indo-Pacific in a coalition against China. “For China, no matter who won the U.S. presidential election, they would be two ‘bowls of poison’,” said Zhao Minghao, a professor of international relations at Fudan University in Shanghai. When Biden and Trump squared off in 2020, U.S. intelligence agencies reported before the election that China viewed Trump as “unpredictable” and opposed his reelection. “Trump is by nature volatile and cruel and is a person hard to be familiar with,” said Shi Yinhong, international relations professor at Renmin University of China.

Persons: Donald Trump, Joe Biden, uneasily, Biden, It’s, hasn’t, ”, Zhao Minghao, Sun Chenghao, Trump, Chuan Jianguo, “ Trump, Sun Yun, Sun, Xi Jinping, Antony Blinken, Xi, Miles Yu, China's, ” Yu, Deng Xiaoping, Shi Yinhong, Shi, Wang Yiwei, ” Wang, ” Shi, ___ Tang, Yu Bing, Chen Wanqing, Eric Tucker Organizations: BEIJING, U.S, China, Trump, “, Fudan University, Center for International Security, Tsinghua University, Stimson Center, Hudson Institute, Communist Party, Renmin University of China, White, Institute of International Affairs, Associated Press Locations: China, Beijing, Taiwan, Shanghai, Asia, Pacific, Sun, Washington, Lago, Florida, City, United States, U.S

☆ BlackRock upgrades U.S. stocks to overweight, sees momentum carry on for the next 6 to 12 months
▼ + stars: | 2024-01-29 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

BlackRock, the world's largest asset manager, on Monday upgraded its outlook for U.S. stocks to overweight, seeing upward momentum carry on as inflation eases. "So we upgrade broad U.S. stocks — our index level view plus AI theme preference — to overweight on a tactical horizon of six to 12 months." While the firm sees inflation falling near the Fed's 2% target, it expects prices to go up toward 3% next year. "We agree with markets that inflation will fall near 2% this year, helping the upward momentum extend into the year. The firm said wage growth in the U.S. is still running too hot for services inflation to slow enough to keep core inflation near 2%.

Persons: Jean Boivin, BlackRock Organizations: BlackRock, BlackRock Investment Institute, Tech, Gross, Investors, Microsoft Locations: BlackRock, U.S

☆ Singapore's central bank leaves policy unchanged in first quarterly meeting of 2024
▼ + stars: | 2024-01-29 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +4 min

Photographer: Lionel Ng/Bloomberg via Getty Images Lionel Ng | Bloomberg | Getty ImagesSingapore's central bank left its policy unchanged on Monday in its first quarterly monetary policy decision of 2024, as expected. The central bank strengthens or weakens its currency against those of its main trading partners, thus effectively setting the S$NEER. The central bank estimates core inflation to average between 2.5% and 3.5% in 2024, unchanged from its October forecast. Economists will monitor for clues on when Singapore's central bank will begin to loosen monetary policy. Singapore's central bank ended its policy tightening cycle in April after five consecutive decisions to tighten.

Persons: Lionel Ng, Goldman Sachs, Yun Liu, CNBC's, Liu Organizations: Bloomberg, Getty, Monetary Authority, Singapore, MAS, U.S . Federal Reserve Locations: Singapore, Central, ASEAN

☆ Our base case is for Singapore's central bank to start easing policy in April at the earliest: HSBC
▼ + stars: | 2024-01-29 | 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 EmailOur base case is for Singapore's central bank to start easing policy in April at the earliest: HSBCYun Liu, ASEAN economist at HSBC, says there are "quite a lot of risks" that could push that decision to later in the year, and one of them is core inflation.

Persons: HSBC Yun Liu Organizations: HSBC Locations: ASEAN

☆ Stocks making the biggest moves midday: Dollar Tree, iRobot, Bloom Energy and more
▼ + stars: | 2024-01-29 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

Dollar Tree — Shares of the discount retail chain popped 1% following an upgrade to overweight from neutral at JPMorgan. SoFi Technologies — Shares of the financial services provider surged 21% after the company reported its fourth-quarter financial results. ZoomInfo Technologies — Shares jumped more than 6% after Bank of America upgraded shares to buy from neutral on revenue growth acceleration. The firm cited tailwinds including improving market share and volume trends, as well as an attractive valuation and strong top-line growth. Flywire — Shares of the fintech company gained 3.75% after being upgraded by Morgan Stanley to overweight from equal weight.

Persons: McGrath RentCorp, McGrath, SoFi, iRobot, Koji Ikeda, Wells, Flywire, Morgan Stanley, Beam, —, Samantha Subin, Yun Li, Michelle Fox, Alex Harring, Lisa Kailai Han, Sarah Min, Pia Singh, Tanaya Macheel Organizations: WillScot Mobile, JPMorgan, Wall, Amazon, Bain Capital, Western Digital, Kioxia Holdings, Bloom Energy, Bank of America, ZoomInfo, Hershey —, AllianceBernstein, Warner Bros, —, Beam Locations: Japan, AATD

☆ Brad Gerstner says Meta is better positioned than the rest of the ‘Magnificent Seven’ this earnings season
▼ + stars: | 2024-01-29 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Altimeter Capital Chair and CEO Brad Gerstner said on Monday that Meta Platforms , one of his top holdings, is poised to outshine other so-called "Magnificent Seven" stocks during this busy earnings reporting week. "If there was one name that I think is better positioned this week, it's Meta," Gerstner said on CNBC's "Fast Money ." "I think people still underappreciate the commitment to efficiency at Meta." "Meta is actually deploying those AI tools to increase monetization to increase engagement for the benefit of the consumer," he said. For Big Tech earnings this week, Gerstner thinks the bar is high given how much the stocks have rallied this year.

Persons: Brad Gerstner, it's, Gerstner, Meta, —, he's, Mark Zuckerberg, Tesla Organizations: Meta, Apple, Microsoft, Big Tech Locations: Meta

☆ Warren Buffett's Berkshire Hathaway keeps buying Liberty's SiriusXM tracking shares. Here's why
▼ + stars: | 2024-01-28 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

Berkshire Hathaway continued to buy Liberty Media's tracking stock for New York-based satellite radio company SiriusXM in a likely merger arbitrage play. Billionaire John Malone's media conglomerate currently owns 84% of Sirius XM and has two tracking stocks that represent that stake in the streaming satellite music service — Liberty Media Corp. Series A shares, or LSXMA , and Liberty Media Corp. Series C shares, or LSXMK . Under the terms of the deal, expected to close early in the third quarter, each Liberty Media Sirius tracking share will be exchanged for 8.4 "new" SIRI shares, while "old" SIRI shareholders would receive new shares in a one-for-one exchange. Berkshire loading up In the past week, Warren Buffett's conglomerate added 438,945 shares of LSXMA and 1 million shares of LSXMK for nearly $45 million combined, according to regulatory filings . Berkshire first bought LSXMK in 2016 and now owns almost 22% of the tracking stock, according to FactSet.

Persons: Berkshire Hathaway, John, SIRI, Warren, Buffett, Ted Weschler, Todd Combs, Seth Klarman's Baupost, SIRI overvalued, Wells, Steven Cahall, Cahall, Jason Bazinet, Charlie Munger, Charlie, hasn't Organizations: Berkshire, Liberty, Sirius XM, — Liberty Media Corp, Liberty Media Corp, Nasdaq, Liberty Media, Liberty Media Sirius, Sirius XM Holdings, Sirius, Citigroup, Activision Blizzard, British Columbia Power, Monsanto, Bayer AG, IBM Locations: New York, Berkshire, LSXMA, LSXMK, Omaha

Though mortgage rates have ticked up a little bit in recent weeks, they're still well below the peaks reached in fall 2023, when 30-year mortgage rates neared 8%. Most major forecasts call for mortgage rates to go down further this year, which should help even more hopeful buyers afford homeownership. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's interest rates will affect your monthly payments. 30-Year Fixed Mortgage RatesThis week's average 30-year fixed mortgage rate is 6.69%, according to Freddie Mac. 15-Year Fixed Mortgage RatesAverage 15-year mortgage rates inched down to 5.96% last week, according to Freddie Mac data.

Persons: they're, Lawrence Yun, you'll, Freddie Mac, it's, they've Organizations: National Association of Realtors, Zillow, Federal Reserve Locations: Chevron

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