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☆ What happened Friday hasn't happened in ages. It bodes well for earnings
▼ + stars: | 2024-10-13 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

Getting ready for the "two problematic stories," Wells Fargo and JPMorgan , which came later in the morning, took some real digging. ET – Wells Fargo shares turned and started inching up. With what you saw in Wells Fargo and JP Morgan on Friday. Think like this: When the psychology of the market changes, people don't want to bang out of Wells Fargo, they want to get in. But there is no doubt that Wells Fargo at 11 times forward earnings now seems a little silly given that the background is so positive.

Persons: Larry Fink, Wells, Wells Fargo, Charlie Scharf, Jamie Dimon, Jeff Marks, JP Morgan, Scharf, It's, Warren Buffett, Morgan Stanley, Eli Lilly, haven't, Jim Cramer's, Jim Cramer, Jim, Squawk, Virginia Sherwood Organizations: BlackRock, JPMorgan, Wall, Club, Wells Fargo, Elon, SpaceX, Federal, New York Stock Exchange, Fed, Bank of America, Boston, Walmart, Costco, Semiconductors, Enterprise, JFrog, Microsoft, –, Dow, Jim Cramer's Charitable, CNBC Locations: Wells Fargo, NII, U.S

☆ Warren Buffett's company website looks like a relic from the 1990s — but that's on purpose
▼ + stars: | 2024-10-13 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Warren Buffett is the billionaire boss of one of America's biggest companies. Yet Berkshire Hathaway's website looks like it was built in the 1990s and hasn't been updated since. Yet you could never guess that from its website, which looks like a relic from the early days of the internet. Business InsiderFrankly, the website looks like a teenager slapped it together in the 1990s, and hasn't returned since. "Warren Buffett is demonstrating how he minimizes cost at Berkshire.

Persons: Warren Buffett, hasn't, —, Buffett, Lawrence Cunningham, who's, Johannes Eisele, Chris Bloomstran, Semper Augustus, Bloomstran, Warren, Darren Pollock, Pollock, it's, David Kass, University of Maryland who's Organizations: Berkshire Hathaway's, Service, Berkshire Hathaway, Activision Blizzard, University of Delaware's, Corporate, Getty, Berkshire, BNSF Railway, Omaha HQ, Semper Augustus Investments, Cheviot Value Management, University of Maryland Locations: Berkshire, frugality, Omaha, McDonald's, Omaha , Nebraska, AFP, Nebraska

☆ Warren Buffett's Bank of America position goes under wraps. Here's what could happen next
▼ + stars: | 2024-10-13 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

Berkshire Hathaway's Bank of America stake has finally been cut to below the key 10% threshold, keeping Warren Buffett's next potential moves under wraps for a few months. The first 700 million shares had a low cost basis of only about $7 per share, while the average cost of the next 300 million shares was in the $30s, Goldberg estimated. "When we sell something, very often it's going to be our entire stake," Buffett said in 2020 when he entirely dumped his holdings in airlines. Still, Buffett sounded negative towards banking following 2023's regional bank crisis that took down Silicon Valley Bank, Signature Bank and First Republic Bank. It's gotten changed by [the regional bank crisis].

Persons: Warren Buffett's, Brian Moynihan, Jason Goldberg, Buffett, Goldberg, It's, That's, digitalization, fintech, Goldman Sachs, Wells Organizations: Berkshire Hathaway's Bank of America, Bank of America, Barclays, Federal, Bank, Signature Bank, First Republic Bank, JPMorgan, U.S . Bancorp Locations: Berkshire, Charlotte, Wells Fargo, U.S

☆ Japan's small and mid-size firms stand to benefit from economic policy, reforms: Neuberger Berman
▼ + stars: | 2024-10-11 | 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 EmailJapan's small and mid-size firms stand to benefit from economic policy, reforms: Neuberger BermanKei Okamura, portfolio manager at Neuberger Berman, discusses the impact of Prime Minister Shigeru Ishiba administration will have on Japan's economic policies as well as Warren Buffett's investment strategy in the country.

Persons: Neuberger Berman Kei Okamura, Neuberger Berman, Shigeru Ishiba, Warren

☆ Jamie Dimon suggests he will remain at JPMorgan for a very long time
▼ + stars: | 2024-10-11 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

Jamie Dimon said he expects to stay at JPMorgan "for a long period" rather than join the government. One way that Dimon might do that after stepping down as CEO is to stay on as chairman. "I intend to be doing what I'm doing — I almost guarantee I'll be doing this — for a long period of time, or at least until the board kicks me out," he said. (The firm has previously said it intends to separate the CEO and chairman roles after Dimon steps down.) The Wells Fargo analyst on Friday suggested Dimon has been commenting on government pontifications in the past year more than at any other time in his career, raising questions about his political aspirations.

Persons: Jamie Dimon, —, Dimon, isn't, Lloyd Blankfeld, David Solomon, I've, wouldn't, Goldman Sachs, he's, Wells, Warren Buffett Organizations: JPMorgan, Service, JPMorgan Chase, Citi, Bank of America Locations: Wells Fargo, American

☆ Cramer's week ahead: Major banks, Taiwan Semi and Netflix report as earnings season gets into full swing
▼ + stars: | 2024-10-11 | by ( Julie Coleman | ) www.cnbc.com time to read: +3 min

As earnings season takes off, CNBC's Jim Cramer on Friday advised investors about what to follow next week on Wall Street. Bank of America could see a boost now that Warren Buffett is no longer required to frequently report his sales of the stock, Cramer added. Johnson & Johnson , Walgreens and UnitedHealth Group also report earnings on Tuesday, with Cramer noting that the latter regularly beats expectations. Johnson & Johnson this week saw a new development in its ongoing talc lawsuits that could aid resolution efforts. On Friday, Procter & Gamble will report, and Cramer said he's worried about the company's business in China.

Persons: CNBC's Jim Cramer, Cramer, Charles Schwab, Goldman Sachs, Schwab, He's, he's, Warren Buffett, Johnson, Morgan Stanley Organizations: Netflix, Taiwan Semiconductor, Bank of America, Citigroup, Wall, Johnson, Walgreens, UnitedHealth, Abbott Laboratories, Food and Drug Administration, Centers for Disease Control, National Institutes of Health, Nvidia, Procter, Gamble, American Express Locations: China

☆ Nubank leads Berkshire portfolio
▼ + stars: | 2024-10-11 | 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 EmailNubank leads Berkshire portfolioCNBC’s Kate Rooney joins 'Power Lunch' to discuss Latam Nubank, as it becomes Buffett's Berkshire Hathaway's best performer.

Persons: Kate Rooney, Latam, Berkshire Hathaway's Organizations: Berkshire Locations: Berkshire

☆ Stocks making the biggest moves midday: Tesla, Wells Fargo, JPMorgan Chase, Fastenal and more
▼ + stars: | 2024-10-11 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

Third-quarter adjusted earnings were $1.52 per share, topping the $1.28 per share expected from analysts polled by LSEG. JPMorgan Chase – Shares jumped 4.7% after JPMorgan, the biggest American bank, posted third-quarter results that beat estimates for profit and revenue. BlackRock – Shares climbed 2.8% after the asset manager beat analysts' third-quarter expectations on the top and bottom lines. Bank of New York Mellon – The bank stock dropped 1%, even after the company issued a stronger-than-expected quarterly report. Analysts surveyed by LSEG were expecting $1.42 in earnings per share on $4.54 billion of revenue.

Persons: Morgan Stanley, Wells Fargo, JPMorgan Chase, Walmex –, Fastenal, FactSet, Wells, Warren Buffett's Berkshire Hathaway, Buffett, Natalie Knight, Doug Ostermann, Stellantis, Carlos Tavares, who's, LSEG, Kinder Morgan, Ferrari, BNY, —, Alex Harring, Lisa Kailai Han, Pia Singh, Hakyung Kim, Jesse Pound, Michelle Fox Organizations: San, LSEG, JPMorgan, JPMorgan Chase –, Walmart, Apple Pay, Bank of America, Securities and Exchange Commission, Finance, BlackRock, of, Bank of New York Mellon Locations: San Francisco, LSEG .

☆ Stock market today: Indexes close lower after CPI shows sticky inflation in September
▼ + stars: | 2024-10-10 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Indexes slipped Thursday as investors priced in a higher-than-expected inflation reading. The data raises the possibility of a "no landing" scenario for the US economy. AdvertisementStocks fell on Thursday from records reached in the previous session, as traders took in a sticky inflation reading for September. September consumer price index data released on Thursday showed inflation rose 2.4% year-over-year, slightly above consensus forecasts of a 2.3% rise. AdvertisementThe core CPI reading, which excludes more volatile food and energy costs, was up 3.3% year-over-year and just above forecasts of 3.2%.

Persons: —, Stocks, Hurricane Milton, Jamie Dimon, Buffett Organizations: Traders, Service, Dow Jones, Nasdaq, Dow, CPI, Federal Reserve, Bank of America, Investors, Labor Department, Here's, Insurance Locations: Hurricane

☆ Berkshire slashes Bank of America stake to under 10%, no longer required to disclose frequently
▼ + stars: | 2024-10-10 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett's Berkshire Hathaway has reduced its stake in Bank of America to below 10% amid a selling spree that started in mid-July. The move brings his holdings down to 775 million shares, or a stake of about 9.987%. Since the holding is now under the key 10% threshold, Berkshire is no longer required to report its related transactions in a timely manner. The next 13F filing in mid-November will only reveal Berkshire's equity holdings as of the end of September. Bank of America CEO Brian Moynihan previously said the market is absorbing the stock, aided by the bank's own repurchasing.

Persons: Warren Buffett, Warren Buffett's Berkshire Hathaway, Buffett, Omaha's, Brian Moynihan, Goldman Sachs, Wells, It's, digitalization, fintech Organizations: Berkshire, Bank of America, U.S . Securities, Exchange Commission, SEC, JPMorgan, U.S . Bancorp Locations: Omaha , Nebraska, Bank, Berkshire, Wells Fargo, U.S

☆ 15 stocks top funds and legendary investors are piling into, including those held most by billionaires like Warren Buffett and Ken Fisher
▼ + stars: | 2024-10-10 | by ( Laila Maidan | ) www.businessinsider.com time to read: +3 min

The S&P 500 and Vanguard's Total Stock Market Index Fund have surged over 30% in 2024. GuruFocus tracks top investors' stock picks, highlighting 15 popular stocks among gurus. The stock market has boom-and-bust cycles and periods of sector rotations. Some have taken to copying the so-called investing gurus of our world. The bucket of allocators adds up to more than 140 investors and funds, including Buffett and Fisher.

Persons: Ken Fisher, Warren Buffett, contrarian, —, it's, He's, Buffett, Fisher Organizations: Market, Service, Market Index

☆ Billionaire 'Bond King' Bill Gross recommends 4 defensive investments for a bull market he sees losing steam
▼ + stars: | 2024-10-09 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Billionaire investor Bill Gross says the stock market's record-breaking run is set to slow. His favorite investments at the moment include MLP pipelines and municipal income funds. "No bear market, but it's not the same bull market anymore," Gross said, adding that equities are set for "low buy positive" returns going forward. He also sees municipal income funds as a worthwhile investment, as many have offered over 7% tax-free yields. Gross named the DWS Municipal Income Trust as one example but noted that there are between 20 and 30 others to choose from.

Persons: Bill Gross, —, it's, Gross, MLPs, Kamala Harris, Warren Buffett Organizations: Service, Annaly Capital Management, Trust Locations: DWS

☆ Warren Buffett's S&P 500 bet paid off. Experts weigh in on whether it's still a winning strategy
▼ + stars: | 2024-10-09 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

True to its name, the S&P 500 index includes 500 large U.S. companies. They are the SPDR S&P 500 ETF Trust , which trades under the ticker SPY; iShares Core S&P 500 ETF , with ticker IVV; and Vanguard S&P 500 ETF , which trades as VOO. Future index performance could be 'muted'The S&P 500 index has continued to make headlines for new all-time highs in 2024. Goldman Sachs just raised its S&P 500 index forecast for 2024 to 6,000 up from 5,600 to reflect expected earnings growth. S&P 500 'hard to beat in the long run'Investing in the S&P 500 index is a popular strategy.

Persons: Warren Buffett, Berkshire, Morningstar, VOO, Larry Adam, Raymond James, Adam, Goldman Sachs, Tom Lee, Bryan Armour, Armour, Sean Williams, Williams Organizations: Berkshire Hathaway, Cnbc, Nbcuniversal, Trust, Vanguard, U.S, ETF, Fundstrat Global Advisors, CNBC, Morningstar, Cadence Wealth Partners Locations: St . Petersburg , Florida, U.S, Concord , North Carolina

Bret: One of the most interesting recent stories in The Times is an analysis of undecided voters, and their concerns about Trump and Harris. One of most important findings — one that should really concern the Harris campaign — is that a high proportion of undecided voters are young, low-income and Black or Latino. The concerns about Trump are familiar: “too extreme,” “angered easily” and so on. But some of the concerns about Harris were more surprising. The other part, I think, is that Harris hasn’t done enough to reassure undecided voters that she’s decisive, knowledgeable and well-advised.

Persons: Bret, Harris, —, Trump, ” “, ”, Gail, That’s, Barack Obama, Warren Buffett, Paul Volcker, Colin Powell, Robert Rubin, David Petraeus, Liz Cheney, she’s Organizations: Times, Trump Locations: North Carolina, Michigan, Arizona

☆ Look inside the Breakers, a 70-room, 138,300-square-foot mansion that belonged to one of America's wealthiest Gilded Age families
▼ + stars: | 2024-10-07 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

The Vanderbilts, one of America's wealthiest Gilded Age families, owned multiple opulent homes. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementDuring the Gilded Age, Cornelius Vanderbilt was America's richest man with an estimated net worth of $100 million, or around $200 billion in today's currency. His grandson, Cornelius Vanderbilt II, succeeded him as the president and chairman of the New York Central Railroad in 1885. The seaside residence, named "the Breakers" after the waves that break on Newport's rocky shores, was one of many opulent homes that the Vanderbilts owned as one of America's wealthiest Gilded Age families.

Persons: —, Cornelius Vanderbilt, Jeff Bezos, Mark Zuckerberg, Warren Buffett, Cornelius Vanderbilt II, Alice Vanderbilt Organizations: Breakers, Service, New York Central Railroad Locations: Newport , Rhode Island

☆ Berkshire Hathaway now owns 100% of BHE, but the utility giant has been a weak spot for the conglomerate
▼ + stars: | 2024-10-06 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett took full control of Berkshire Hathaway Energy, a utility giant that it has owned a majority stake in since 1999, but the business has been a drag on the conglomerate. Berkshire bought the stake for $2.37 billion in cash, $600 million in debt as well as a significant amount of Berkshire Class B shares , according to a regulatory filing. Berkshire Vice Chairman Greg Abel, Buffett's designated successor, sold his 1% stake in BHE for $870 million at a much higher valuation just two years ago. The utility arm has been a weak spot for the conglomerate, which has otherwise enjoyed a few outstanding years. "BHE has been under pressure," said Cathy Seifert, Berkshire analyst at CFRA Research.

Persons: Warren Buffett, Walter Scott, Buffett, Bill Stone, Greg Abel, Buffett's, Abel, BHE, Cathy Seifert Organizations: Berkshire Hathaway Energy, Berkshire, Berkshire Class, Glenview Trust Company, CNBC, BHE, Oracle, CFRA Locations: Berkshire, Omaha, BHE, Glenview, U.S

☆ Activist firm Mantle Ridge has $1 billion-plus stake in Air Products
▼ + stars: | 2024-10-04 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Activist investor Mantle Ridge has a $1 billion-plus stake in industrial gas supplier Air Products and Chemicals , according to a person familiar with the matter. The activist investor also wants to push the company on succession planning for Seifi Ghasemi, Air Products' 80-year-old CEO, the person said. Air Products is badly underperforming the S&P 500 for a second straight year. Air Products has a market cap of about $63 billion as of Friday's close. Air Products supplies chemicals and gases primarily to industrial customers, but has in recent years diversified into other businesses.

Persons: Seifi Ghasemi, Mantle, Paul Hilal, Seifi, Samir Serhan, Ghasemi, Warren Buffett, Berkshire Hathaway, Ken Squire Organizations: Air Products, Oiltanking, Chemicals, Products, Berkshire, CSX

☆ Warren Buffett has sold about $10 billion of Bank of America stock — after slashing his Apple stake by nearly 60%
▼ + stars: | 2024-10-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Warren Buffett has sold 23% of his Bank of America stake for about $10 billion since mid-July. AdvertisementWarren Buffett has followed up the surprise paring of his Apple stake by taking a knife to another of his largest holdings: Bank of America. Berkshire has slashed its stake from 1.03 billion shares to 794 million shares, reducing its ownership from 13.2% to 10.2%. Related storiesBuffett might also be rebalancing Berkshire's $300 billion stock portfolio in line with his smaller Apple bet. True to his bargain-hunter reputation, Buffett topped up his Bank of America stake in 2020, when the pandemic-hit stock was trading around $25.

Persons: Warren Buffett, Buffett, —, Berkshire Hathaway, hasn't, he's, Goldman Sachs, There's, Brian Moynihan Organizations: Bank of America, Berkshire Hathaway's, Express, Service, Berkshire, Securities, Exchange, Apple, American Express, Oracle, of America, Bank of, JPMorgan Locations: Berkshire, —, Thursday's, Omaha

☆ The job market is rough right now. 7 young professionals share what they think sets them apart.
▼ + stars: | 2024-09-30 | by ( Maria Noyen | Mykenna Maniece | ) www.businessinsider.com time to read: +3 min

Many cited soft skills, including having patience and the ability to speak with different people. And yet, those we consider pioneers and leaders in the tech, finance, and business industries almost always respond with soft skills. In October 2023, Business Insider's Tim Paradis reported that soft skills have become increasingly in demand in the years following the COVID-19 pandemic. AdvertisementIn short, it's young professionals who'll be setting the standard of success at work for years to come. Here's what they said — and how their answers reflect qualities business leaders also emphasize.

Persons: —, Warren Buffett, Mark Zuckerberg, it's, Tim Cook, there's, Tim Paradis, Norman Bacal, Paradis, millennials, Glassdoor, Amanda Hoover, who'll, Gen Zers Organizations: Service, Labor Statistics Locations: NYC

☆ Jamie Dimon says the 'Buffett Rule' approach to taxing the wealthy could solve America's debt problem
▼ + stars: | 2024-09-30 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

On PBS, Jamie Dimon described the Buffett Rule as a good idea for clamping down on US debt. AdvertisementJPMorgan CEO Jamie Dimon has put forth a solution to unrestrained US debt: Tax the rich at the same rate as middle-class people, or at a higher rate. It earned its name from the billionaire investor Warren Buffett, who famously criticized the fact that his secretary paid a higher tax rate than he did. If debt remains unchecked amid high interest rates, the government will face higher borrowing costs. AdvertisementOtherwise, higher borrowing costs mean Washington will have less to spend on social initiatives.

Persons: Jamie Dimon, Buffett, —, Dimon, Warren Buffett, Peter G Organizations: PBS, Service, Congressional, Peterson, Democrats, Republicans Locations: Washington

☆ I work with Warren Buffett. He's probably the smartest person in the world — here's the best advice he's given me.
▼ + stars: | 2024-09-30 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +7 min

Karen Goracke is the CEO of the jewelry store Borsheims, a Berkshire Hathaway subsidiary. Goracke worked her way up from the store room, and Warren Buffett interviewed her for CEO. AdvertisementThis as-told-to essay is based on a transcribed conversation with Karen Goracke, CEO and President of Borsheims, about her career and working with Warren Buffett. I started working as a sales associate for Borsheims, a jewelry store in Omaha, in 1988 straight out of college. She had no idea Warren Buffett was standing next to her.

Persons: Karen Goracke, Goracke, Warren Buffett, Buffett, —, Warren Buffett's Berkshire Hathaway, Borsheims, Berkshire Hathaway, I'd, Warren Buffet, We're, I'm, Warren, It's, That's, I've Organizations: Berkshire Hathaway, Service, Borsheims, Las, Berkshire Locations: Omaha, Berkshire, Nebraska, Switzerland , New York, Las Vegas

☆ An uncertainty guru says investors can't dismiss doubt — and even Warren Buffett's success may be down to luck
▼ + stars: | 2024-09-29 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

David Tuckett, an uncertainty researcher, told BI that dismissing doubt eventually "leads over a cliff." He said the success of elite investors like Warren Buffett may be largely down to luck, not skill. AdvertisementEven the smartest minds in finance and tech don't know for sure what the future holds, and even the most successful investors may have gotten lucky, one expert says. Elon Musk responded on X that "Buffett is already preparing for this outcome," ostensibly suggesting Warren Buffett will offload stocks too if Donald Trump secures a second term. AdvertisementThat applies to even the best investors like Warren Buffett, he told BI.

Persons: it's Elon Musk, John Paulson, David Tuckett, Warren Buffett, —, John Paulson —, Kamala Harris, Elon Musk, Buffett, Donald Trump, Paulson, Musk, David Tuckett Lucking, Tuckett Organizations: Service, Centre, University College London, HSBC Locations: Berkshire, Tuckett

☆ How Warren Buffett decides when to sell a stock, and why he might be dumping Bank of America
▼ + stars: | 2024-09-29 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

When Warren Buffett, the ultimate buy-and-hold investor, sells a stock, it often sends a negative signal about the underlying business and maybe even the entire industry. "We're more reluctant to sell them than most people," Buffett said of his large positions at Berkshire's annual meeting in 2009. Bank of America sales Many top holdings in Berkshire Hathaway's equity portfolio are decades old — Buffett has held Coca-Cola shares since 1988 and American Express since 1991. Buffett said bank failures in 2008 during the Global Financial Crisis , and again in 2023, lessened confidence in the system, made worse by poor messaging by regulators and politicians. At the time, Buffett foresaw more bank failures down the road , but stuck with his Bank of America investment, partly because he personally negotiated the original deal and admired CEO Brian Moynihan.

Persons: Warren Buffett, Buffett, — Buffett, Goldman Sachs, Wells, BofA, digitalization, fintech, It's, Brian Moynihan Organizations: Herald, Buffalo News, Bank of America, American Express, Oracle, JPMorgan, U.S . Bancorp ., Silicon Valley Bank, First, Signature Bank Locations: Omaha, Berkshire, BofA, Wells Fargo, U.S, U.S . Bancorp . Berkshire, Bank, Silicon, First Republic, saviors

☆ Don't hate billionaires like Jeff Bezos — they make our lives better, 2 experts say
▼ + stars: | 2024-09-25 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +7 min

But two experts say the uber-wealthy are often huge contributors to society — and trying to eliminate them could badly backfire. It's become increasingly popular to make claims such as "billionaires shouldn't exist" and "any billionaire is a policy failure." But these moral criticisms of billionaires are unconvincing because people overstate billionaires' power and influence and overlook the benefits of some billionaires. There's a widespread belief that governments should tax billionaires primarily and spend that money on public goods and anti-poverty programs. Instead of saying that every billionaire is a policy failure, we should instead embrace the idea that every billionaire is a policy success.

Persons: Critics, —, Jessica Flanigan, Richard L, Chris Freiman, It's, Elon Musk, Jeff Bezos, Steve Jobs, Jobs, Bezos, Warren Buffett, isn't, Taylor Swift, LeBron James Organizations: Service, Morril, University of Richmond, West Virginia University, Business Locations: multimillionaires

☆ Stocks making the biggest moves midday: Flutter Entertainment, Hewlett Packard Enterprise and more
▼ + stars: | 2024-09-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Flutter Entertainment — The sports betting stock rose more than 6% after the FanDuel parent announced a share buyback program of up to $5 billion. Hewlett Packard Enterprise — The tech stock jumped more than 5% after Barclays upgraded the firm to overweight from equal weight. KB Home reported $2.04 in earnings per share, or 2 cents short of consensus estimates, according to analysts surveyed by LSEG. Analysts had expected $1.14 in earnings per share on revenue of $176.2 million, according to FactSet. The workplace uniform company sees revenue of $10.22 billion to $10.32 billion for fiscal 2025, compared to its prior guidance of $10.16 billion to $10.31 billion.

Persons: HPE, Morgan Stanley downgrades, Adam Jonas, Ford, Bilibili, Warren Buffett's Berkshire Hathaway, Cintas, — CNBC's Sean Conlon, Yun Li, Alex Harring, Hakyung Kim, Lisa Han, Pia Singh Organizations: Hewlett Packard Enterprise, Barclays, Juniper Networks, General Motors, Ford —, JPMorgan, . Bank of America, LSEG, Trump Media & Technology Locations: Bilibili —

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