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☆ Anne Hathaway reveals she’s now five years sober
▼ + stars: | 2024-04-29 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

CNN —Anne Hathaway first shared she lost interest in drinking after a bad hangover in 2018. Hathaway first shared her decision to skip alcohol during an appearance on the “Ellen DeGeneres Show,” explaining at the time she wanted to be fully available and present to her young son. In a new interview with The New York Times, Hathaway reflected on her health and being in her forties. I don’t normally talk about it, but I am over five years sober,” she told The New York Times in a recent interview. Anne Hathaway as 'SolÃ¨ne' and Nicholas Galitzine in "The Idea of You."

Persons: Anne Hathaway, She’s, Hathaway, Ellen DeGeneres, ”, “, ” Hathaway, Solène, Nicholas Galitzine, Alisha Wetherill, Michael Showalter Organizations: CNN, The New York Times, New York Times

☆ Bernstein says 'be like Buffett' and buy Apple shares while they are cheap, upgrades to outperform
▼ + stars: | 2024-04-29 | by ( John Melloy | ) www.cnbc.com time to read: +5 min

Bernstein upgraded shares of Apple on Monday, saying they had fallen too far on fears of sluggish iPhone 15 sales and overall weak revenue in China. Bernstein upgraded Apple to outperform from market perform and kept its $195 price target, representing 15% upside from here. Sacconaghi's upgrade note, which he titled, "Buy the fear," comes before Apple reports earnings Thursday evening. Bernstein also cites that history shows it pays to buy Apple shares in the three months ahead of a new iPhone launch, noting that the stock has outperformed in 15 of those past 17 periods. Bernstein upgraded Apple to outperform from market perform and kept its $195 price target, representing 15% upside from here.

Persons: Bernstein, Buffett, Warren Buffett, Toni Sacconaghi, Berkshire Hathaway, YTD Bernstein, David A, CNBC Bernstein Organizations: Apple, Berkshire, Berkshire Hathaway, Grogan, CNBC Locations: China, Berkshire, Omaha , Nebraska

☆ Warren Buffett loves dividend-paying stocks, but Berkshire doesn't pay one — Here's why
▼ + stars: | 2024-04-28 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Warren Buffett is a fan of buying dividend-paying stocks, but his conglomerate Berkshire Hathaway doesn't offer a payout itself, despite its tens of billions cash. But the main reason Berkshire doesn't pay a dividend is that the Oracle of Omaha has been confident in his ability to deploy capital in more profitable ways. Apple , which accounts for more than 40% of the portfolio, pays a 0.6% dividend yield. But even the hundreds of thousands of Class B, or "Baby Berkshire," shareholders voted no by 47 to 1. "I think they expect us to do whatever we think makes sense for all shareholders," Buffett said in 2023.

Persons: Warren Buffett, Berkshire Hathaway, Buffett, I'd, Berkshire Organizations: Berkshire, Oracle, CNBC, Apple, Bank of America, Coca Cola, Chevron, American Express Locations: Berkshire, Omaha, buybacks

☆ Here's what 93-year-old Warren Buffett and YouTuber Ryan Trahan, 25, have in common
▼ + stars: | 2024-04-28 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Warren Buffett, 93, has more in common with YouTuber Ryan Trahan, 25, than you might think. Trahan specializes in turning a penny into hundreds or even thousands of dollars within days. 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 . If the 93-year-old investor watched YouTube, he might be a fan of Ryan Trahan.

Persons: Warren Buffett, YouTuber Ryan Trahan, Trahan, —, Ryan Trahan, Charlie Munger, Berkshire Hathaway, vlogger, hawking, Buffett, penny's Organizations: Service, YouTube, Berkshire, Buffett —, HBO Locations: California, North Carolina, McDonald's, Berkshire

☆ Anne Hathaway Is Done Trying to Please
▼ + stars: | 2024-04-27 | by ( David Marchese | ) www.nytimes.com time to read: +1 min

On one level, Anne Hathaway’s new movie, “The Idea of You,” which arrives on Prime Video on May 2 and is directed by Michael Showalter, couldn’t be more straightforward. It’s an adaptation of Robinne Lee’s hit romance novel about Solène, a divorced 40-year-old mom played by Hathaway, who winds up in a relationship with a much younger man — a singer in a boy band, played by Nicholas Galitzine. It’s a movie about a woman pushing against societal expectations and getting a lot of grief for it, which is something Hathaway, 41, knows about. More than a decade ago, around the time she won an Academy Award for her work in “Les Misérables,” the online commentariat turned on Hathaway for … who knows, exactly? Some strange groupthink kicked in that caused people to pile on her for seeming like an inauthentic striver — or something.

Persons: Anne Hathaway’s, Michael Showalter, couldn’t, Robinne, Hathaway, —, Nicholas Galitzine, ”, Wears, “ Les, commentariat, … Locations: New Jersey, “

☆ Anne Hathaway hints that the stars are aligning for 'Princess Diaries 3,' but there's no formal announcement yet
▼ + stars: | 2024-04-27 | by ( Katie Balevic | ) www.businessinsider.com time to read: +2 min

Anne Hathaway just hinted about a possible sequel to the beloved "Princess Diaries" movies. AdvertisementThe stars may finally be aligning for "Princess Diaries 3" to the thrill and delight of millennials everywhere. In "The Princess Diaries 2: A Royal Engagement," Princess Mia met her match in the handsome Lord Nicholas Devereaux, played by Chris Pine. Asked about "Princess Diaries 3" by The New York Times, she affirmed that things were moving along but again didn't share any details. AdvertisementIn 2019, one fan tweeted that they were "expecting a princess diaries 3 of them ruling genovia while raising their child."

Persons: Anne Hathaway, Hathaway, there's, —, Julie Andrews, Mia Thermopolis, Princess Mia, Lord Nicholas Devereaux, Chris Pine, isn't, Genovia, Pine, anne hathaway, chris, Andrews Organizations: Disney, Service, The New York Times Locations: Genovia, Hathaway

☆ Warren Buffett’s Real Estate Brokerage Agrees to $250 Million Settlement
▼ + stars: | 2024-04-26 | by ( Debra Kamin | ) www.nytimes.com time to read: +1 min

HomeServices of America, the largest residential real estate brokerage in the United States and owned by Warren E. Buffett’s Berkshire Hathaway Energy, has agreed to settle a series of lawsuits that could change the way commissions are paid to real estate agents. On Thursday, the brokerage signed off on adding $250 million to the mounting pile of damages won by home sellers who have successfully sued several brokerages and the National Association of Realtors over what they described as inflated commissions. That settlement received preliminary approval from a federal judge on Tuesday, and now N.A.R. will pay $418 million in damages and significantly change its rules on agent commissions and the databases, accessible only by those who hold membership to N.A.R. The settlement will introduce competition to the market for real estate commissions, driving down the fees that consumers are required to pay when selling a home and eventually lowering home prices across the board as a result, some industry analysts say.

Persons: Warren E Organizations: Warren, Berkshire Hathaway Energy, National Association of Realtors, The New York Times, Industry Locations: America, United States

☆ Warren Buffett's real-estate firm will spend $250M to get out of legal hot water
▼ + stars: | 2024-04-26 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

A real-estate brokerage owned by Warren Buffett's Berkshire Hathaway has agreed to pay $250 million to settle a lawsuit over its commission fees, according to plaintiffs in the case. AdvertisementHome sellers had sued HomeServices of America, alleging it conspired to force sellers to pay inflated agent commissions. Related stories"As we move beyond this settlement, our focus remains steadfast on ethical operations, industry integrity, and delivering value," Kelly said. AdvertisementThe group of home sellers, in this case, had also sued other brokerages and have scored millions in settlements already. Among the payouts is a whopping $418 million from the National Association of Realtors that has shaken up the real-estate industry.

Persons: Warren Buffett's Berkshire Hathaway, HomeServices, Benjamin D, Brown, Cohen Milstein Sellers, Chris Kelly, Kelly Organizations: Warren, Business, National Association of Realtors Locations: America

☆ Anne Hathaway details ‘gross’ chemistry tests she did in the 2000s
▼ + stars: | 2024-04-23 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +2 min

CNN —Oscar-winning actress Anne Hathaway has said that she had to kiss a series of actors during the audition process in the 2000s to “test for chemistry” on camera. Speaking to V Magazine in an interview published Monday, Hathaway said: “Back in the 2000s — and this did happen to me — it was considered normal to ask an actor to make out with other actors to test for chemistry. Aren’t you excited to make out with all of them?’“And I thought, ‘Is there something wrong with me?’ because I wasn’t excited. “It wasn’t a power play, no one was trying to be awful or hurt me. Anne Hathaway and Nicholas Galitzine attend "The Idea Of You" World Premiere during SXSW at The Paramount Theater on March 16, 2024 in Austin, Texas.

Persons: CNN — Oscar, Anne Hathaway, Hathaway, “, ‘, ” Hathaway, Oscar, ”, Solène, Nicholas Galitzine, Daniel Boczarski, Hayes, ” Galitzine, Mary, George ”, Julianne Moore, Nobody, Michael Showalter Organizations: CNN, Magazine, Coachella, SXSW, Paramount Theater, Alabama Locations: Austin , Texas, British, Alabama

☆ Anne Hathaway says she had to make out with 10 guys in a day for 'gross' chemistry auditions. She pretended to be excited so she wasn't labeled 'difficult.'
▼ + stars: | 2024-04-23 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +4 min

Anne Hathaway told V Magazine that in the 2000s, she had to kiss 10 men in one day for a chemistry audition. Hathaway said she thought it was "gross" but didn't want to be seen as "difficult" by complaining. AdvertisementAnne Hathaway said she had to make out with 10 guys in one day for a chemistry audition for a movie in the 2000s. Hathaway told V that the making-out element is being phased out of chemistry auditions now. Galitzine told People in March at the SXSW festival that he was initially anxious about the dance audition, but the experience was "transformative."

Persons: Anne Hathaway, Hathaway, —, Ella Enchanted, Jane, Chris Pine, Kirsten Dunst, Katherine Heigl, Nicholas Galitzine, Hayes Campbell, Alisha Wetherill, Nobody, Michael Showalter, Galitzine Organizations: V Magazine, Service, Walt Disney Pictures, Hollywood, Alabama, SXSW

☆ Tesla could be volatile this week on earnings. Using options to mitigate the risk
▼ + stars: | 2024-04-22 | by ( Michael Khouw | ) www.cnbc.com time to read: +5 min

I am a big fan of Tesla products and the company, but we do not currently own the stock. Since hitting its all-time high on Nov. 4, Tesla shares are the worst-performing member of the "Magnificent Seven". With prices running from about $40,000 for a single-motor version to $70,000 for a tri-motor variant, the Cybertruck's specifications were remarkable. China represents the largest market for EVs at the moment, and BYD is leading Tesla there. Among U.S. manufacturers, Tesla, because it eschews the conventional dealer model, has excellent flexibility on pricing, which they adjust dynamically.

Persons: Tesla, FSD, Warren Buffett's, Berkshire Hathaway, Charlie Munger, Elon Musk, General Motors, — Organizations: Nvidia, Elon, EVs, Ford, Toyota, South, U.S, Ford Motor, General, Tesla Locations: U.S, China, Tesla, Europe

☆ Warren Buffett's love for Japan may be far from over after $8 billion paper profit
▼ + stars: | 2024-04-21 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett's Berkshire Hathaway has made billions of dollars from its big investments in Japan, and the Oracle of Omaha's love for the land of the rising sun is only growing deeper. The Omaha-based conglomerate priced 263.3 billion Japanese yen of bonds worth $1.7 billion, marking one of its biggest yen bond sales, according to a regulatory filing released Thursday. The cost of the positions was 1.6 trillion yen ($10.35 billion) and the 2023 yearend market value of the five stakes was 2.9 trillion yen ($18.76 billion), Berkshire revealed in its annual report. Meanwhile, the five Japanese trading companies are all dividend payers, yielding from 1% to more than 3%. Buffett even paid a visit to Japan with his designated successor Greg Abel and met with the heads of the Japanese firms last year.

Persons: Warren, Berkshire Hathaway, Buffett, Chamath Palihapitiya, Greg Abel Organizations: Berkshire, Mitsubishi, Mitsui, Sumitomo ., Tokyo Stock Exchange Locations: Japan, Omaha, Berkshire, Sumitomo . Berkshire

☆ The Mona Lisa rapping? New Microsoft AI animates faces from photos
▼ + stars: | 2024-04-21 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN —The Mona Lisa can now do more than smile, thanks to new artificial intelligence technology from Microsoft. In one demo video, researchers showed how they animated the Mona Lisa to recite a comedic rap by actor Anne Hathaway. Outputs from the AI model, called VASA-1, are both entertaining and a bit jarring in their realness. “We are opposed to any behavior to create misleading or harmful contents of real persons,” Microsoft researchers said in a blog post. For example, in one demo video set to a clip of someone sounding agitated, apparently while playing video games, the face speaking has furrowed brows and pursed lips.

Persons: Mona Lisa, Anne Hathaway, VASA, it’s, OpenAI, Sora Organizations: New, New York CNN, Microsoft Locations: New York

☆ If you're worried about a correction and over-invested in Nvidia, replace it with these steady growth stocks instead
▼ + stars: | 2024-04-16 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Investors who are concerned they're overexposed to Nvidia could replace the name with these steady growth stocks instead, according to Trivariate Research's Adam Parker. "If NVDA reports that demand is still robust as far as the eye can see, owning AI-exposed semiconductors remains prudent," Parker said. "For those looking to hedge their aggressive AI-semiconductor bets, this group appears prudent," Parker wrote. Berkshire Hathaway surfaced as a large cap growth stock with low correlation to Nvidia , that's also able to beat the market. Charles Schwab was another large cap growth stock with low correlation to Nvidia.

Persons: Trivariate Research's Adam Parker, Parker, Berkshire Hathaway, that's, Eli Lilly, Charles Schwab Organizations: Nvidia, Citi, Waste Management, Emerson Locations: Berkshire

☆ From Sports Betting to Meme Coins, Young Men Are Gambling in Droves
▼ + stars: | 2024-04-16 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

For young men in particular, it's an enticing, if a bit troubling, prospect. For some young men, a level of nihilism about the economy leads to an impetus to take some risks. Along with the rise of new customers, problem-gambling behavior is increasing, especially among young men. The New Jersey report identified a significant prevalence of high-risk stock trading among young men. According to the National Council on Problem Gambling, some 2.5 million Americans have a severe gambling problem, and another 5 million to 8 million have a problem it considers mild or moderate.

Persons: You've, Donald Trump's, Crypto, they're, they've, Timothy Fong, we've, Fong, it's, Kahlil Philander, haven't, Philander, Davids, Goliaths, Warren Buffett, Berkshire Hathaway, Emily Stewart Organizations: GameStop, AMC, NCAA, Pew Research, UCLA, Washington State University, National Council, sportsbooks, Business Locations: America, United States, Berkshire, New Jersey, Atlantic, Jersey, Plenty

☆ Hannah Waddingham scolded a photographer who told her 'show your leg,' and said a man would never be asked that
▼ + stars: | 2024-04-16 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +3 min

Hannah Waddingham told off a photographer after they said "show your leg" during a red carpet event. "You would never say that to a man," Waddingham told the photographer before walking off. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHannah Waddingham scolded a photographer who asked her to "show her leg" during a red carpet event, pointing out they wouldn't have said the same thing to a man. In the video, Waddingham poses for photographers before stopping to say: "Oh my god.

Persons: Hannah Waddingham, Waddingham, —, hannah, ake, ut, ricks, bhxCo5FJ6, ears,, ike Organizations: Service, ust Locations: London, oman, osh

☆ Vera Wang is turning 75 this year. She has no plans to retire.
▼ + stars: | 2024-04-15 | by ( Amanda Goh | ) www.businessinsider.com time to read: +4 min

That's what it's all about, really," Wang said. In May 2021, Wang told CNBC that her work has allowed her "to really have a very full life." "I think work has been my whole life and it's kept me honestly relevant, fascinated, passionate, frightened, worried and stressed," she said. Wang is part of a list of celebrities and CEOs who have been vocal about their decisions to continue working even as they get older. About one-third of Americans over 40 also say they would continue working even if they have no financial need, per a 2019 TD Ameritrade survey.

Persons: —, Vera Wang, Warren Buffett, Queen Elizabeth II, I'm, Wang, Ralph Lauren, it's, Jay Leno, Clint Eastwood, Eastwood, Buffett, Ron Olson, Greg Abel, Warren, Greg, Olson, Roy Cohen, BI's Jane Ridley Organizations: Service, Business, Vogue, Carlyle, CNBC, Independent, Fortune, Berkshire Hathaway, Pew Research, Workers Locations: New York City, Berkshire

☆ Globe Life's stock crashed amid federal probes. Here's everything you need to know.
▼ + stars: | 2024-04-14 | by ( Katie Balevic | Susan Antilla | ) www.businessinsider.com time to read: +5 min

Globe Life Inc., a publicly traded insurance company based in Texas, was once flying high. Its top insurance agents basked in luxury with lavish company retreats and expensive sports cars. Related storyBy August 2023, Warren Buffett's Berkshire Hathaway had dumped over half of its 6.35 million shares of Globe Life. By then, Berkshire Hathaway had sold off all its shares in Globe Life. "It's disappointing that Globe Life neglected to address the evidence of insurance fraud and sexual misconduct that we uncovered."

Persons: —, Arias, Simon Arias III, Wolf, Renee Zinsky, Mike Russin, BI's, Warren Buffett's Berkshire Hathaway, Simon Arias, Abeni Mayfield, Berkshire Hathaway, AIL, Panda, Susan Antilla's, Nate Koppikar, Zinsky, Russin Organizations: Service, Business, of Justice, Life Inc, Arias Organization, Globe, Arias, Commission, AIL, Organization, BI, Department of Justice, Globe Life, Life, DOJ Locations: Texas, Pennsylvania

☆ Gold hit another record high. Here's why Warren Buffett remains one of the biggest haters of the yellow metal
▼ + stars: | 2024-04-14 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

"Gold ... has two significant shortcomings, being neither of much use nor procreative," Buffett said in his 2011 annual letter. Meanwhile, if you own one ounce of gold for an eternity, you will still own one ounce at its end." Gold hit a new, all-time high above $2,400 an ounce on Friday, enjoying its third straight week of gains. Silver buying spree Buffett's vocal criticism of gold doesn't mean that he's never dabbled in precious metals. In the late 1990s, the Ben Graham acolyte went on a big silver buying spree, with Berkshire owning 129.7 million ounces of silver.

Persons: — Warren Buffett, Buffett, Gold Buffett, Croesus, Berkshire Hathaway, Ben Graham acolyte Organizations: Oracle, Investors, Berkshire Locations: East, Europe, Asia, Omaha, United States

☆ Gabrielle Union-Wade explains why she feels hotter at 51 than she did in her 20s
▼ + stars: | 2024-04-13 | by ( Mia De Graaf | ) www.businessinsider.com time to read: +4 min

Gabrielle Union, 51, said she feels hotter now than she did at 26. She said her husband, Dwyane Wade, helps her to feel truly seen as more than a mom. AdvertisementEven Gabrielle Union feels invisible sometimes. And I think the more we talk about it, the more people can feel seen." Either way, I liked hearing Gabrielle Union passionately lament how we're supposed to accept feeling like we're past our prime.

Persons: Gabrielle Union, Dwyane Wade, —, She's, it's, Anne Hathaway, she's, Nicholas Galitzine, That's, Hathaway, Jerritt Clark, Justin Timberlake, we're Organizations: Service, Time Magazine, Union, NBA Locations: PHM

☆ How Bombardier is cashing in on business elite's love affair with private jet travel
▼ + stars: | 2024-04-12 | by ( Bob Woods | ) www.cnbc.com time to read: +5 min

They immediately established an ambitious, five-year strategic plan to reposition Bombardier, with a focus squarely on its sturdiest leg: the high-flying business jet and ancillary services industry. Deliveries of business and general aviation aircraft last year topped 4,000 for the first time in more than a decade, the General Aviation Manufacturers Association reported in February. Historically, the business jet market has been cyclical, said Noah Poponak, an analyst for Goldman Sachs, "but it's been hyper-cyclical in the past 20 years." Sales of all business jets were healthy leading into 2020 — and then the Covid pandemic hit. Everyone wanted a business jet and was willing to buy whatever was out there, new or used."

Persons: headwinds, Bombardier's, Alain Bellemare, divesting, Éric Martel, Bart Demosky, Demosky, Warren Buffett's Berkshire Hathaway, CFOs, Noah Poponak, Goldman Sachs, Walter Spracklin, Spracklin Organizations: Bombardier, Boeing, Airbus, General Aviation Manufacturers Association, Challenger, Global, Companies, Honeywell, RBC Capital Markets Locations: Montreal, Warren, Covid

☆ Short-seller sends Globe Life shares plunging 53% as insurance giant calls report 'defamatory,' threatens legal action
▼ + stars: | 2024-04-12 | by ( Susan Antilla | ) www.businessinsider.com time to read: +12 min

Read previewShares of insurance giant Globe Life Inc. plunged 53% today and trading was halted eight times after a short-seller issued a damning narrative on the company. (Globe Life, AIL, and the other defendants denied the allegation in a legal filing.) Meanwhile, Warren Buffett's Berkshire Hathaway sold all 6.35 million shares of Globe Life stock the investor once held. In his April 3 presentation to investors, Koppikar called Globe Life "a dead-end pyramid scheme." He predicted that the DOJ investigation will hinder recruiting, "which is the lifeblood for pyramid schemes like Globe Life."

Persons: —, Arias, Panda, Fuzzy Panda, Steve Greer, Dave Zophin, Trina Orlando, Renee Zinsky, Zinsky, AIL, Simon Arias, Michael Russin, Amy Williamson, Zinsky's, Russin, Warren Buffett's Berkshire Hathaway, John Kane, Matthew D, Williamson, wasn't, I'm, Michael Clark, Renee, Jennifer Haworth, Abeni Mayfield, Susan Antilla, Orlando, Nate Koppikar, Haworth, J, Matthew Darden, Russin's, Koppikar Organizations: Service, Inc, Business, BI, Organization, Globe, AIL, Arias Organization, Agencies, Opportunity, Department of Justice, Globe Life, Russin, AAA, Orlando, Alpha, Reuters, DOJ Locations: Globe's, Pittsburgh, Columbia , Maryland, Mayfield, Arias

☆ Cramer compares Warren Buffett and Elon Musk, says Wall Street has turned on Tesla CEO
▼ + stars: | 2024-04-10 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Wednesday discussed two of the most high-profile billionaires on Wall Street, Elon Musk and Warren Buffett. He said investors continually admire Buffett, but have turned on Musk with the sharp decline in Tesla 's share price. To Cramer, investors love Musk as long as Tesla's stock is performing well, saying they call him a "genius" and praise the company's electric vehicles. "With the downgrades and price target cuts, the long knives are really out for Musk," Cramer said. "They obviously never liked him, they only liked that Tesla's stock was a juggernaut."

Persons: CNBC's Jim Cramer, Elon Musk, Warren Buffett, Buffett, Tesla, that's, Cramer, Musk, carmakers, Cramer hasn't, he's, Berkshire Hathaway Organizations: Berkshire, CNBC

☆ Take some profits and buy cyclical names if March CPI only matches expectations, investors say
▼ + stars: | 2024-04-09 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Conversely, Kilburg is adding to positions that have lagged the market, such as industrial and health-care stocks. "Those are three names that I believe are blue chip, essential names to the U.S. economy," he said. UnitedHealth and other health-care stocks are also trading at a discount, Kilburg said, citing Johnson & Johnson as a potential winner. Buy cyclical names Bailey, formerly a health-care analyst at Legg Mason and Stifel Financial before joining FBB in 2015, expects a hotter-than-forecast inflation report on Wednesday would take stocks lower. The Johns Hopkins MBA also sees the larger, diversified banks as attractive in a climate of higher inflation and interest rates.

Persons: Jeff Kilburg, Kilburg, Mike Bailey, Bailey, payrolls, Lockheed Martin, Johnson, Legg Mason, Berkshire Hathaway, Johns Hopkins, UnitedHealth Organizations: KKM, FBB Capital Partners, Meta, Nvidia, Lockheed, Stifel, FBB, Treasury, Berkshire, Union Pacific, Old Dominion Freight Locations: U.S, McLennan, Progressive, Chevron

☆ Microchip giant TSMC strikes $11.6 billion deal with Biden to boost production in Arizona
▼ + stars: | 2024-04-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Taiwan Semiconductor is set to receive almost $12 billion in grants and loans from the US government. The Biden administration is eager to onshore production and rely less on China as tensions mount. AdvertisementThe White House is giving the world's largest chipmaker government grants and loans worth almost $12 billion to expand production in Arizona. The agreement with Taiwan Semiconductor Manufacturing Co. (TSMC) announced an initial deal in a press release on Monday. TSMC generated about $67 billion in revenue last year and and $26 billion of net income.

Persons: Biden, —, They've, Warren Buffett's Berkshire Hathaway, Buffett Organizations: Taiwan Semiconductor, Service, Taiwan Semiconductor Manufacturing Co, Apple, Nvidia, Rivals, Intel, Samsung, Technology Locations: Taiwan, Phoenix , Arizona, China, Arizona, TSMC

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