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download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In late January, he gifted 2 million Netflix shares worth $1.1 billion to the Silicon Valley Community Foundation. The donation slashed his direct stake in Netflix by about 40% to just under 3 million shares — a position valued at about $1.9 billion. The tech veteran's net worth is still around $6 billion, as he holds 3 million Netflix stock options and has sold about $2 billion worth over the years, per the Bloomberg Billionaires Index. Hastings has also donated vast amounts of money to education providers like charter schools and historically Black colleges and universities (HBCUs).
Persons: , Reed Hastings, Tim Ferriss, I've, Hastings, Warren Buffett, Ferriss, Buffett, priding, Charlie Munger, Hastings —, he's Organizations: Service, Netflix, Business, Berkshire Hathaway, Hastings, Community Foundation, Bloomberg
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewApple's decision to cut more than 600 employees in California speaks to the challenges facing the technology titan and affecting its stock price — and why analysts are divided over its outlook. At the same time, reports suggest Apple is looking into building robots that help people with household tasks. Related storiesWorries that Apple has lost its way have weighed on its stock price. Even so, Apple is a mainstay of many stock portfolios and unlikely to fall much further, Craig Johnson, chief market technician at Piper Sandler, told Bloomberg.
Persons: , Gene Munster, Dan Ives, Cook, Apple, Craig Johnson, Piper Sandler, Warren Buffett, they've, Johnson Organizations: Service, Apple, Business, Deepwater Asset Management, CNBC, Big Tech, Microsoft, Bloomberg, Berkshire Hathaway, Yahoo Finance Locations: California, China, Europe, Berkshire
Gabrielle Union told BI she and "Bring It On" costar Kirsten Dunst "may have something cooking." AdvertisementIf you're holding out for the possibility of a "Bring It On" sequel, you might not be completely out of luck. Union told BI. "We have talked about doing a 20-years-later thing that becomes a generational cheerleader movie," Reed told BI. Dunst told Entertainment Tonight at a Los Angeles screening of "Civil War" on Tuesday.
Persons: Gabrielle, Kirsten Dunst, Dunst, , Gabrielle Union, Torrance, Union's Isis, Solange Knowles, Hayden Panettiere, Anne Hathaway, Alex Garland's, she'd, Union, Peyton Reed, Jessica Bendinger, Reed Organizations: Gabrielle Union, BI, Service, East, TV Festival, Union, SXSW Locations: San Diego, East Compton, Los Angeles
And even though gold prices are at an all-time high, many market watchers are still taking a shine to it. But even with a favorable outlook, gold should play a very different role in your portfolio than stocks or bonds, investing experts say. Why gold is up and could continue to riseDifferent investors cite different reasons for owning gold. In addition to a rising tide, a weakening U.S. dollar and falling bond rates have boosted gold prices of late, says Hayes. At lower rates, bonds and cash accounts "have less of a competitive advantage" over gold, he tells CNBC Make It.
Persons: it's, Tim Hayes, Ned Davis, Warren Buffett, It's, Ford O'Neill, we've, Hayes, Buffett Organizations: Ned, Ned Davis Research, Billionaire, Berkshire Hathaway, Fidelity, CNBC, Federal Reserve, ExxonMobil Locations: Berkshire, U.S
Warren Buffett's upgrade of his trusty Cadillac in 2014 was a whole saga. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But it's hard to top Warren Buffett, whose upgrade saga involved a frontwoman, a free hat, a $122,000 charity auction, a police stop, and GM CEO Mary Barra. AdvertisementA Cadillac and a matching hatThe Berkshire CEO dispatched his daughter, Susie Buffett, to scope out a local Cadillac dealer. The saleswoman didn't know the car was for Warren Buffett until after the sale was made.
Persons: Warren Buffett's, Mary Barra, , Warren Buffett, Buffett, who's, Barra, Berkshire Hathaway, Susie Buffett, Madison, She'd, Mr, Willers, Susie, I'd Organizations: Service, GM, Berkshire, Barra, Madison Willers, Cadillac, Inc, Girls Inc Locations: Omaha, Madison, Barra, New York, Illinois
A few years ago, Terry Gilliam, 64, packed his bags, sold his East Bay, California home, and moved to Florida. After founding two Facebook groups for California movers, he realized thousands more were in the same boat. His groups, Leaving California and Life After California, have nearly 300,000 members between them. Gilliam moved to Winter Park, a city of 29,000 outside Orlando, to help care for his parents. Van Edom, the Knoxville realtor, said Knoxville is a newly popular destination for California movers.
Persons: Terry Gilliam, Gilliam, It's, they're, I've, Terry Gilliam Terry Gilliam, Haley Van Edom, California Gilliam, I'm, he's, He's, Craig Blessing, Van Edom, Shay Felknor, Berkshire Hathaway, Dan Joyner, there's, Felknor, Ethan Lanagan, Lanagan Organizations: Service, Business, Golden State, realtors, Golden, Edom Home Group, Disney, California Facebook, Universal, Estate Services, Berkshire Hathaway C, Dan Joyner Realtors, Sacramento — Locations: Bay , California, Florida, California, . Texas , Arizona, Golden State, Knoxville , Tennessee, Connecticut, Texas, Tennessee, Arkansas, Orlando, shutdowns, Texas , Florida, Georgia, South Carolina, Southern California, Central Florida, Van, Knoxville, Berkshire, Greenville , South Carolina, San Diego, Sacramento, Atlanta, North Carolina , Tennessee, Nashville , Tennessee, Franklin , Tennessee, Orange County, Franklin
Tribeca has been a shareholder of Glencore for seven years and has been engaging with management for a year. The company has excellent core asset quality in copper, zinc and coal, as well as a world-leading commodity trading business. Notably, Bluebell Capital Partners agitated for a demerger of Glencore's thermal coal business in 2021. However, in 2023, after acquiring a 77% interest in Teck's steelmaking coal business, Glencore stated its intention to demerge its combined coal and carbon steel businesses. The same can be said for the divestment of the trading business.
Persons: Glencore, David Aylward, Gary Nagle, astutely, Berkshire Hathaway, Ivan Glasenberg, Ken Squire Organizations: Glencore, Tribeca Investment Partners, Tribeca, Financial Times, Australian Securities Exchange, London Stock Exchange, BHP, Rio Tinto, Bluebell Capital Partners, LSE, Rio, NYSE, 13D Locations: Switzerland, Australia, Africa, South America, Sydney, Melbourne, Singapore, London, Tribeca, Glencore, Swiss, Rio, Europe, cyclicality, Berkshire
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Federal regulators used the word "moat" eight times in their civil antitrust complain to describe the defenses that Apple sets up to keep competitors at bay. AdvertisementCastles and moatsBuffett popularized the concept of a company having a "moat" around it that protects it from rivals. The dynamics of capitalism guarantee that competitors will repeatedly assault any business 'castle' that is earning high returns. AdvertisementThe Department of Justice has added insult to injury by not only targeting Buffett's biggest stock bet, but also wielding the investor's moat metaphor against him, at least indirectly.
Persons: , cheekily, Warren Buffett, Buffett, Berkshire Hathaway, you've, Elon Musk, he's, Charlie Munger, Apple, He's, Tim Cook, they're Organizations: Service, Justice, Apple, Business, Berkshire, Coke, Gillette, Costco, Cola, American, Regulators, of Justice Locations: Berkshire, Apple, Buffett's, Berkshire's
Gabrielle Union wanted to tell the story of an older woman facing scrutiny because she lived it. For Union, it was important to her "to see the joy of women of all ages — not just 25 year olds." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGabrielle Union connected with "The Idea of You" — and its story of being an older woman in the spotlight — on a personal level. Union, now 51, married former NBA player Dwyane Wade, who's nine years younger than her, in 2014.
Persons: Gabrielle Union, , Gabrielle, Union's, Robinne Lee, Solène Marchand, Anne Hathaway, Hayes Campbell, Nicholas Galitzine, Dwyane Wade, who's, Kaavia, It's, isn't, Wade Organizations: Service, SXSW, TV, Business Insider, Union, BI, NBA Locations: Austin
Final Trades: Berkshire Hathaway, IEO and IJR
  + stars: | 2024-03-28 | 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 EmailFinal Trades: Berkshire Hathaway, IEO and IJRThe Investment Committee give you their top stocks to watch for the second half.
Persons: Berkshire Hathaway, IEO Organizations: Berkshire, Investment
New York CNN —The “Buffett Indicator” is flashing red. If the stock market is growing a lot faster than the economy, that could be a sign of a bubble. Yes, but: The so-called Buffett Indicator is not without flaw. By the closing bell, Trump Media ended at $57.99, up by a more modest 16% on the day. He said Trump Media is likely worth somewhere around $2 a share — nowhere near its closing stock price of $58.
Persons: Warren Buffett, Fortune Magazine “, Berkshire Hathaway, John Hussman, Hussman, Larry Summers, , , Louis Navellier, Goldman Sachs, Navellier, doesn’t, Buffett, they’re, Jamie Dimon, Kevin Gordon, Charles Schwab, Elisabeth Buchwald, Donald Trump’s, CNN’s Matt Egan, Jay Ritter, Ritter Organizations: CNN Business, Bell, New York CNN, Fortune Magazine, Nvidia, Federal Reserve, Bloomberg, Navellier, Associates, , JPMorgan, CNBC, CNN, Visa, Mastercard, Court, Eastern, of, National Retail Federation, Trading, Trump Media & Technology Group, Trump Media, University of Florida’s Warrington College of Business, GameStop, AMC Locations: New York, of New York
CNN —Anne Hathaway has recounted a difficult moment in her journey to motherhood, saying she suffered a miscarriage in 2015 while acting in a play where she had “to give birth onstage every night.”“The first time it didn’t work out for me. I was doing a play and I had to give birth onstage every night,” the Oscar-winning actress and mother-of-two said in an interview with Vanity Fair published Monday. Her miscarriage occurred during a six-week run of the one-woman off-Broadway show “Grounded,” according to Vanity Fair. Hathaway said she “had to keep it real” with her friends when they would visit her backstage after performances. About 10% to 20% of known pregnancies end in miscarriage, and the actual figure is likely higher, according to the Mayo Clinic.
Persons: Anne Hathaway, ” “, Hathaway, , , I’ve, ’ ”, Adam Shulman, “ It’s, , would’ve Organizations: CNN, welling, Mayo Clinic
Anne Hathaway thinks there should be more movies like "How Stella Got Her Groove Back." Her new film, "The Idea of You," similarly focuses on a 40-year-old woman's sexuality. AdvertisementAnne Hathaway thinks there have been too few movies focusing on older women embracing their sexuality. Related stories"How Stella Got Her Groove Back," starring Angela Bassett as 40-year-old Stella and Taye Diggs as her much younger love interest, came out in 1998. I know what I'm like on a Saturday night,'" Hathaway told Vanity Fair.
Persons: Anne Hathaway, Stella, , Hathaway, it's, Angela Bassett, Taye Diggs, Solène, Robinne Lee, Solène Marchand, Hayes Campbell, Nicholas Galitzine Organizations: Service, SXSW, TV
Anne Hathaway has been married to Adam Shulman for 12 years, and they share two sons. Hathaway tries to keep her family life private, choosing not to reveal much about her children. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIn her latest movie "The Idea of You," Anne Hathaway plays a 40-year-old single mom who strikes up a romance with a 20-something boy-bander. But in real life, Hathaway isn't a single mom — she's been married to actor, producer, and jewelry designer Adam Shulman for 12 years.
Persons: Anne Hathaway, Adam Shulman, Hathaway, , Hathaway isn't, — she's, Jonathan, Jack, Shulman Organizations: Service
Read previewAnne Hathaway has spoken out about losing movie roles over the "Hathahate" phenomenon that unfolded over a decade ago. In the wake of criticism, Franco threw Hathaway under the bus, and told the "Late Show with David Letterman" that year: "Anne Hathaway is so energetic, I think the Tasmanian Devil would look stoned standing next to Anne Hathaway." Anne Hathaway changed her mind three hours before the Oscars to wear this white Prada dress. Christopher Nolan and Anne Hathaway. Matthew McConaughey and Anne Hathaway in "Interstellar."
Persons: , Anne Hathaway, Hathaway, hadn't, Oscar, Anne Hathaway's, James Franco, Kevin Winter, — Hathaway, Franco, David Letterman, Christopher Nolan's, Jason Merritt, It's, Brie Larson, Rachel Zegler, Christopher Nolan, Julien De Rosa, Michael Buckner, didn't, Nolan, Matthew McConaughey Organizations: Service, Business, Getty, Huffington, Paramount Locations: AFP
Anne Hathaway has become as recognized for her fashion as she has for her acting. But she's also worn a few looks that have missed the mark this year. 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 . AdvertisementHere are her best looks of the year and a few that missed the mark.
Persons: Anne Hathaway, she's, , Erin Walsh, Versace, Donatella Versace, Hathaway Organizations: Service
Read previewAnne Hathaway told Vanity Fair that Christopher Nolan gave her the toughest role on her résumé, but also saved her career during the "Hathahate" scandal. Hathaway's performance was one of the many highlights of "The Dark Knight Rises," which earned $1 billion worldwide, according to Box Office Mojo. Hathaway told Vanity Fair that the backlash cost her roles, even after she won her first Oscar in 2013. "Interstellar" was a success, making $733 million at the box office, according to Box Office Mojo. "Humiliation is such a rough thing to go through," Hathaway told Vanity Fair.
Persons: , Anne Hathaway, Christopher Nolan, Hathaway, Michelle Pfeiffer's, Nolan, Oscar, I've, Alice, Jessica Chastain Organizations: Service, Business, Office Mojo
Why auto insurance rates are skyrocketing in the U.S.
  + stars: | 2024-03-23 | by ( Shawn Baldwin | ) www.cnbc.com   time to read: +1 min
Car insurance is getting more expensive. The average annual premium for full coverage auto insurance in the U.S. rose to $2,543 in 2024 — up 26% from the previous year, according to Bankrate. "That has led to an environment where the consumer, the insured, is out shopping for auto insurance and finding that they cannot find an insurer that has a lower premium for them." Around 215 million Americans carry auto insurance and the market is valued at roughly $353 billion, according to IBISWorld. So, what other factors are behind the spike in auto insurance rates and what impact are rising premiums having on consumers and large publicly traded companies such as Allstate, Progressive and Berkshire Hathaway's Geico ?
Persons: Stephen Crewdson, Berkshire Hathaway's Organizations: American, Casualty Insurance Association, Allstate, Progressive, Berkshire Locations: U.S, .
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWarren Buffett's favorite market gauge has surged to a two-year high of 184%, signaling stocks are overvalued and could suffer a devastating crash. Investors use it to compare the overall value of the stock market to the size of the national economy. It also relies on GDP, which excludes overseas income, whereas US stocks price in the value of companies' domestic and international operations. AdvertisementYet the metric's return to the lofty levels that preceded past market disasters is a clear red flag for some experts.
Persons: , Warren, Buffett, yardstick, Buffett's yardstick, John Hussman, Paul Dietrich, Riley Wealth Organizations: Service, Business, Wilshire Indexes, Wilshire, Nvidia, Microsoft, Federal, Nasdaq, Hussman Investment Trust Locations: Wilshire, Berkshire
Former U.S. President Donald Trump arrives for the start of his civil fraud trial at New York State Supreme Court on October 02, 2023 in New York City. Chubb was one of more than 30 companies that refused to craft a bond that would put the massive business fraud judgment on pause, attorneys for Trump said in a New York appeals court filing Monday. Appeal bonds aim to prevent the loser of a court judgment from using the appeals process to delay or avoid paying their penalties. But "within the past week," he said, Chubb reversed course and "notified Defendants that it could not accept real property as collateral." "Though disappointing, this decision was not surprising given that Chubb was the only surety willing to even consider accepting real estate as collateral," Garten said.
Persons: Donald Trump, Chubb, Trump, Letitia James, James, Alan Garten, Warren Buffett's Berkshire, , Garten Organizations: U.S, New York, Court, Trump, New, Trump Organization, Warren Buffett's Berkshire Hathaway, Liberty Mutual, Allianz Locations: New York City, New York
Warren Buffett's salary was $100,000 last year, while his deputy made $20 million. The investor pays back $50,000 annually, and Berkshire spends triple his salary on keeping him safe. AdvertisementWarren Buffett's salary was only $100,000 last year — a fraction of the $20 million raked in by his deputy and planned successor, Greg Abel. The world-famous investor has requested a $100,000 annual salary with no bonus or stock awards for over 40 years. This story is available exclusively to Business Insider subscribers.
Persons: Warren, Buffett, , Greg Abel, Abel Organizations: Berkshire, Service, Berkshire Hathaway's, Business
Anne Hathaway told People she did "The Idea of You" because she wanted to "tell the story of a woman blooming." "I don't know why we don't have more stories about human beings blooming at any age," Hathaway said. AdvertisementAnne Hathaway, 41, says she did "The Idea of You" because she wanted to "tell the story of a woman blooming." Hathaway opened up to People about her decision to star in the rom-com during the SXSW premiere of the film on Saturday. "In the beginning of the film, the character...she's really scared of going on that adventure because she's had such a rough experience with her ex-husband," Hathaway told People.
Persons: Anne Hathaway, Hathaway, , she's Organizations: Service, SXSW, Business
For many people, investing is a necessity to grow one's savings and provide financial security in retirement. A 'fabulous, simple solution' for beginnersTarget-date funds, known as TDFs, are the simplest entry point to investing for the long term, according to financial pros. TDFs are based on age: Investors choose a fund based on the year in which they aim to retire. Other 'solid choices' for novice investorsInvestors who want to be a bit more hands-on relative to TDF investors have other simple options, experts said. Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.
Persons: Warren Buffett, Berkshire Hathaway, Christine Benz, Lee Baker, Baker, Carolyn McClanahan, Benz, Charles Schwab, Rowe Price, it's, McClanahan Organizations: Getty, Berkshire, Fidelity Investments, Morningstar, Apex Financial Services, Investors, Benz, Planning Partners, Fidelity, Vanguard Group, BlackRock, Finance, Young Locations: Atlanta, Jacksonville , Florida, U.S
Brands like Chipotle frequently give celebrities and other influential figures passes for free food, hoping they'll post about it and promote the brand to their millions of followers. McDonald'sMcDonald's has reportedly issued free food cards at the franchisee and corporate level. AdvertisementBerkshire Hathaway CEO Warren Buffett has said he has a McDonald's card good for free food in his hometown of Omaha, Nebraska. AdvertisementBill Gates' McDonald's Gold Card reportedly entitles him to free food for life at any location. Burger KingBurger King started giving celebrities cards for a lifetime of free food in 2006 and had given out around a dozen by 2008, according to Ad Age.
Persons: , Olivia Rodrigo, Chipotle, Here's, McDonald's McDonald's, Berkshire Hathaway, Warren Buffett, Buffett, Rob Lowe, Lowe, David Peterson, McDonald's, Sen, Mitt Romney, Romney, George Romney, Ray Kroc, Bill Gates, Stephanie Perdue, Perdue, Chris Nikic, Roy Murray, Tony Hawk, Big Sean, Addison Rae, Abby Wambach, Candice Beck, Ozzy Osbourne, Burger, Burger King Burger King, Jennifer Hudson, Hugh Laurie, didn't, George Lucas, Robert Downey Jr, Jay Leno, Burger King, Ed Sheeran, Jack Whitehall, Nando's, Dunkin, Novak, DunKing Ben Affleck, that's Organizations: Service, Business, Berkshire, Wall Street, Brand, Burger King, Ad, BK Locations: Omaha , Nebraska, Santa Barbara, Goleta , California, Santa, Chipotle, Burger
This was just 'great pop songs,' or what we thought were great pop songs." Advertisement"You'll see throughout the movie that he's writing 'Dance Before We Walk' and toying with the idea," Kotecha explains. I'm actually not just a manufactured boy band guy, I'm actually a musician and I want to be taken seriously.'" "For the boy band songs," Kotecha explained, "you don't sacrifice the melody for the lyric." "Nostalgia may be kicking in, but I also feel like it's time for another boy band," Kotecha said.
Persons: Hayes Campbell, Kotecha, , Nicholas Galitzine, Anne Hathaway, Solène, Campbell, Savan, Ariana Grande, Demi Lovato, Michael Showalter, Cathy Schulman, Robinne Lee, I've, Hayes, Carl Falk, Moon, Simon Cowell, Alisha Wetherill, I'm, Harry Styles, Jackson, what's, sister's, NSYNC Organizations: BI, Service, SXSW, Vogue, Amazon Prime Locations: Coachella, Pixar's
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