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☆ I'm a product manager at HP in Israel and a volunteer for the border police. This has been the most emotional week of my life.
▼ + stars: | 2023-10-15 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +7 min

He works as a product team manager at HP in Israel and volunteers for the border patrol police. AdvertisementAdvertisementThis is an as-told-to essay based on a conversation with Elad Zmora, a 46-year-old product team manager at HP in Israel. After the siren, we started getting news of what happened at the Supernova trance music festival in the Negev desert. Friends and family started calling us and people were sharing news on WhatsApp. We started getting news last Saturday about Hamas penetrating villages of the Kibbutz and slaughtering people in the streets.

Persons: Elad Zmora, —, I've, that's, who's Organizations: HP, Service, Hamas, Reuters, police, Israel Defence Forces, Management Locations: Israel, Reim, Gaza, It's

[1/2] A man check his phone near an Apple logo outside its store in Shanghai, China September 13, 2023. Pasadena, California-based Caltech sued Apple and Broadcom in 2016, alleging that millions of iPhones, iPads, Apple Watches and other Apple devices using Broadcom chips infringed its wireless-communication patents. Caltech said in the Wednesday filing that it would dismiss the billion-dollar case with prejudice, which means that it cannot be refiled. Representatives for Caltech, Apple and Broadcom did not immediately respond to requests for comment on Thursday. A jury ordered Apple to pay $837.8 million and Broadcom to pay $270.2 million in patent-infringement damages in 2020.

Persons: Aly, Apple, Blake Brittain, David Bario, Josie Kao Organizations: Apple, REUTERS, California Institute of Technology, Broadcom, Caltech, Samsung, Microsoft, Dell, HP, Thomson Locations: Shanghai, China, California, Pasadena , California, U.S, Washington

That's why I'm spending Prime Day looking out for the gaming deals that are actually worth your money. I've been scouring Amazon Prime Big Deal Day's kitchen section to find Prime Day deals on kitchen items. Displays can vary a lot in performance, so figuring out which Prime Day deals on TVs are worth your money can be tricky. Some of the best Prime Day deals on printers include the Brother MFC-J1010DW, a budget multi-function unit that's less than $80. I'm also loving the Prime Day deals on Rivet furniture (read our Rivet review), including 15% off a leather sectional.

Persons: we've, I've, Zelda, I'm, — William Antonelli, that's, — Gabrielle Chase, Lily Alig, — Steven Cohen, Apple, There's, — John Lynch, Amazon Steven Cohen, James, — James Brains, Sam Crozier, — Sally Kaplan, Lash, haircare, — Kevin Webb, Les Shu, — Lauren Savoie, Anker, soundbar, wimpy, — Lisa Sabatini, Amazon Emma Kershaw, Sarah Saril, Rick Stella Organizations: Amazon Amazon, Hispanic Heritage, Amazon Antonio, Boas, Buyers, Sony WH, Amazon Apple, Apple Watches, Amazon, Samsung, Amazon The, Casper, Samsung's, Facebook, Amazon Dyson, Deal, Nvidia, Gaming, MFC, HP, Samsung Watch, Garmin, Apple, Amazon Amazon Prime, Kindle Locations: Western

☆ HP forecasts 2024 profit in line with estimates, boosts annual dividend
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +1 min

A screen displays the logo for HP Inc. at the New York Stock Exchange (NYSE) in New York, U.S., November 18, 2019. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsOct 10 (Reuters) - HP Inc (HPQ.N) on Tuesday forecast fiscal 2024 earnings largely in line with estimates and raised its annual dividend, reflecting stabilizing demand in the personal computers market. Shares of Palo Alto, California-based HP were up more than 2% in trading after the bell. The board has approved an increase to the planned dividend amount to $1.10 per share, reflecting a 5% increase from the prior dividend, the company said. The company expects its 2024 adjusted earnings in the range of $3.25 to $3.65 per share, largely in line with analyst estimates of $3.47, according to LSEG data.

Persons: Brendan McDermid, Enrique Lores, Samrhitha, Maju Samuel, Shinjini Organizations: HP Inc, New York Stock Exchange, REUTERS, Companies, HP, Lenovo, HK, Dell Technologies, Palo, Thomson Locations: New York, U.S, Palo Alto , California, Bengaluru

Amazon's best Prime Day laptop deals include discounts on gaming laptops, touchscreen 2-in-1 laptops, and more. For more savings, check out our live roundup of all the best Prime Day deals. Top 5 Prime Day laptop dealsThe best Prime Day gaming laptop dealsAlienware's x16 is on sale right now for Prime Day. Christopher Gordon/InsiderThe best Prime Day budget laptop dealsThe already budget-friendly Acer Swift Go 14 laptop is even cheaper right now for Prime Big Deal Days. AmazonThe best Prime Day 2-in-1 laptop dealsThe ROG Flow Z13 is a laptop that can function like a tablet.

Persons: We've, Christopher Gordon, they're Organizations: Deal, HP, Asus, Microsoft, Amazon, Prime

A woman pushes shopping carts during a sales event on Thanksgiving day at Walmart in Westbury, New York, U.S., November 28, 2019. In recent years, retailers like Amazon and Walmart have sought to boost their bottom lines and spread out demand by hosting holiday shopping events online in early October. Inflation remains a top concern for holiday shoppers, according to a KPMG survey, leading some to seek out deals on possible gifts. Walmart, which revealed discounts for its four-day Holiday Kickoff event at midday on Monday, posted deals on Dyson vacuums, HP (HPE.N) laptops and Apple (AAPL.O) products, much like Amazon and Target. The Target Circle event started nearly a week earlier than its October sales event in 2022.

Persons: Shannon Stapleton, Neil Saunders, Matt Kramer, Dyson, Arriana McLymore, Jamie Freed Organizations: Walmart, REUTERS, Black, Deloitte, Amazon, Deal, KPMG, KPMG Consumer, Retail National, U.S, HP, Apple, Target, Apple Watches, Thomson Locations: Westbury , New York, U.S, New York

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. A Labor Department report showed U.S. job openings unexpectedly increased in August, pointing to tight labor market conditions. Traders' bets on at least another 25-basis-point rate hike stood in November and December at 30% and 48%, respectively, according to CME's FedWatch tool. The CBOE volatility index (.VIX), known as Wall Street's "fear gauge", touched a more than four-month high, reflecting heightened investor anxiety. Declining issues outnumbered advancers for a 5.99-to-1 ratio on the NYSE and a 3.50-to-1 ratio on the Nasdaq.

Persons: Brendan McDermid, Loretta Mester, Raphael Bostic, Jason Pride, KeyBanc, McCormick, advancers, Ankika Biswas, Shashwat Chauhan, Vinay Dwivedi, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Microsoft, Dow, Nasdaq, Labor Department, Cleveland Fed, Atlanta, Traders, Apple, Reuters, Ofcom, Dow Jones, ADP, HP, BofA Global Research, Boeing, United Airlines, NYSE, Thomson Locations: New York City, U.S, Glenmede, Philadelphia, Bengaluru

☆ Bank of America double upgrades this PC maker, cites strong fundamentals
▼ + stars: | 2023-10-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Growth in long-term fundamentals should outweigh short-term headwinds for HP , according to Bank of America. The bank double upgraded shares of the technology company to a buy from underperform rating Tuesday. The new forecast points to more than 28% upside potential from HP's Monday closing price of $25.67. The analyst cited tighter cost controls, growth from an improving PC outlook and increased operating profit dollars. "[Positive] drivers include an improving PC market backdrop, improved profitability from cost actions and stable to higher free cash flow over the next several years."

Persons: Wamsi Mohan, Mohan, — CNBC's Michael Bloom Organizations: HP, Bank of America Locations: China

Warren Buffett's Berkshire Hathaway carried on its selling streak for HP , dumping shares of the printer and PC maker for nine straight days and reducing its stake to 10.2%. The conglomerate sold more than 5.1 million shares for over $132 million on Thursday through Monday, according to a regulatory filing released Monday night. Over the nine straight days of selling, Berkshire has shed 14.5 million shares for almost $381 million. Adding in other days of sales in mid-September, Berkshire has dropped a total of 20.0 million shares for $539.5 million, an average selling price of $26.93. Berkshire still holds 100.9 million shares, valued at $2.6 billion at Monday's close of $25.67.

Persons: Warren, Berkshire Hathaway, hasn't, Buffett, That's Organizations: HP, Berkshire, Vanguard Locations: Berkshire, Omaha

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. Consumer discretionary (.SPLRCD) led declines in the major S&P 500 sectors, falling 2.2%, while beaten-down utilities (.SPLRCU) dropped 1.8%. Declining issues outnumbered advancers by a 4.74-to-1 ratio on the NYSE and by a 3.17-to-1 ratio on the Nasdaq. The S&P index recorded one new 52-week high and 48 new lows, while the Nasdaq recorded 11 new highs and 225 new lows. Reporting by Ankika Biswas and Shashwat Chauhan in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Eli Lilly, we're, David Russell, Raphael Bostic, Keybanc, McCormick, Ankika Biswas, Shashwat Chauhan, Vinay Dwivedi Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Apple, Microsoft, Artificial Intelligence, Treasury, Boeing, Reuters, United Airlines, Labor Department, Investor, ADP, Atlanta Fed, Fed, Dow Jones, HP, BofA Global Research, Biopharma, NYSE, Thomson Locations: New York City, U.S, Bengaluru

☆ Warren Buffett's Berkshire Hathaway has now cashed in $540 million of HP stock in under a month
▼ + stars: | 2023-10-03 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett's Berkshire Hathaway sold another $130 million of HP shares in three days. The investor's company has now cashed in about $540 million of the computing stock in under a month. AdvertisementAdvertisementWarren Buffett's Berkshire Hathaway jettisoned another $130 million worth of HP stock during the last three trading days, it revealed in a regulatory filing on Monday. Buffett's conglomerate owned nearly 121 million shares, or 12.3% of HP, before it began selling on September 11. Prior to last month, Buffett's company hadn't touched the holding since last April.

Persons: Warren, Berkshire Hathaway, —, hadn't, Bill Hewlett, David Packard, Buffett —, Buffett, haven't, Todd Combs, Ted Weschler Organizations: HP, Service, Vanguard, Berkshire, Hewlett, Packard, HP Inc, Apple, Bank of America, American Express Locations: Berkshire, Monday's, California, Bank

☆ Here are Tuesday's biggest analyst calls: Nvidia, Rivian, Amazon, Airbnb, Warby Parker, HP, FedEx and more
▼ + stars: | 2023-10-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are Tuesday's biggest calls on Wall Street: KeyBanc reiterates Nvidia as overweight KeyBanc raised its price target on Nvidia to $750 per share from $670 and said it sees "outsized growth." Bank of America adds FedEx to the US1 list Bank of America added the stock to its top picks list. "Upgrading Clean Energy Fuels (CLNE) from Outperform to Strong Buy, with the company on the cusp of ramping up in-house RNG production." JPMorgan reiterates Amazon as a top pick JPMorgan said ignore the noise and buy the dip in shares of Amazon. Bank of America initiates Dycom as buy Bank of America said in its initiation of the telecommunications infrastructure company that it's uniquely positioned.

Persons: KeyBanc, Ally, Evercore, bode, Stifel, Churchill, CHDN, Raymond James, Baird, Vestis, Piper Sandler, Tesla, IBKR, Morgan Stanley, Rivian, it's, Warby Parker, Booz Allen Hamilton, Goldman Sachs, Wedbush Organizations: Nvidia, Aclaris Therapeutics, ISI, Citi, Arista Networks, Arista, " Bank of America, FedEx, Bank of America, FedEx Corp, Owl Capital, Swift Transportation, Evercore ISI, TAM, Energy Fuels, JPMorgan, FTC, DOJ, HP Inc, underperform Bank of America, HPQ, UBS, Booz, of America, Emerson Electric, Warner Music Group, Apple, Constellation Brands Locations: China, CY23

☆ Stocks making the biggest moves premarket: Warby Parker, HP, Point Biopharma and more
▼ + stars: | 2023-10-03 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Co-CEOs Neil Blumenthal and Dave Gilboa of Warby Parker at the New York Stock Exchange on Sept. 29, 2021. Warby Parker — Warby Parker jumped about 4% after Evercore ISI upgraded the eyeglass retailer to an outperform rating, saying shares could rally more than 50% as the company's margins and revenue growth reaccelerate. Eli Lilly , Point Biopharma — Shares of Point Biopharma popped 85% after Eli Lilly announced it would buy the cancer therapy maker for $12.50 a share in cash, or roughly $1.4 billion. Warner Music Group — Warner added 3.5% after UBS upgraded the stock to buy from neutral. Emerson Electric — The industrial giant dipped 1% in premarket trading after UBS downgraded the stock to neutral from buy, citing the company's valuation and limited upside.

Persons: Neil Blumenthal, Dave Gilboa, Warby Parker, Warby Parker — Warby Parker, Eli Lilly, Biopharma, McCormick —, McCormick, Roth MKM, —, Alex Harring, Sarah Min, Michelle Fox, Pia Singh Organizations: New York Stock Exchange, ISI, HP, Bank of America, StreetAccount, Warner Music Group, Warner, UBS, KeyBanc, Emerson

☆ What Warren Buffett learned from his past investment mistakes, including IBM and airlines
▼ + stars: | 2023-10-01 | by ( Yun Li | ) www.cnbc.com time to read: +5 min

In the years after Buffett sold IBM, he dramatically raised Berkshire's stake in Apple, becoming the largest shareholder outside of index and exchange-traded fund providers. As of the end of June, Berkshire's Apple stake was worth more than $177 billion, accounting for nearly half of Berkshire's entire equity portfolio. Buffett also admitted it was a mistake not being an early investor in Amazon , saying he underestimated the brilliance of founder Jeff Bezos. Some said that Buffett sold them too early and missed the subsequent rebound when the economy reopened. "It could've been worse, but it was a mistake," Buffett said during 1995 annual meeting .

Persons: Warren Buffett, he's, Buffett, Berkshire's, That's, Ben Graham, Jeff Bezos, Charlie Munger, we'll, I'd, Long, we'd, Richard Branson Organizations: Oracle, HP, Apple, Business Machines, IBM, Berkshire's Apple, Taiwan Semiconductor, Big Tech, Google, — United, Delta Air Lines, US Air, Virgin Atlantic Airways Locations: Omaha, Berkshire, Taiwan, U.S, American, Southwest

☆ Beware HP shareholders, Warren Buffett may not just be doing some trimming
▼ + stars: | 2023-09-26 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The conglomerate sold 4.8 million HP shares for $129.2 million last week, it disclosed in a filing late Friday . It marks the second consecutive week that Berkshire has reduced its stake in the personal computer and printer maker. Still, Berkshire's remaining 110.7 million HP shares have a market value of almost $3 billion , making it HP's largest shareholder . HPQ YTD mountain HP In August, HP reported revenue in its fiscal third quarter that missed analysts' expectations. After Buffett's first sale was disclosed Sept. 13, some argued that Berkshire was "just doing a little trimming," of its HP stake, Bilson wrote.

Persons: Warren, Berkshire Hathaway, Buffett, Don Bilson, Gordon Haskett, Haskett, hasn't, HPQ, Buffett's, Bilson, we'd Organizations: HP Inc, Hewlett, Packard, HP, Berkshire Locations: Berkshire

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. Uncertainty around the trajectory for interest rates, including a potential hike by year-end and expectations for fewer cuts next year, have pushed the 10-year Treasury yield to a 16-year high, hurting growth stocks. ET, Dow e-minis were down 13 points, or 0.04%, S&P 500 e-minis were down 1.75 points, or 0.04%, and Nasdaq 100 e-minis were down 11 points, or 0.07%. HP Inc (HPQ.N) dipped 2.7% after Warren Buffett's Berkshire Hathaway (BRKa.N) sold nearly 4.8 million shares of the PC maker. Reporting by Ankika Biswas and Shashwat Chauhan in Bengaluru; Editing by Arun Koyyur and Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Berkshire Hathaway, Jerome Powell, dampening, Raffi Boyadjian, Walt Disney, Warren Buffett's Berkshire Hathaway, Jefferies, JD.com, Ankika Biswas, Shashwat Chauhan, Arun Koyyur, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Companies Media, Nike, Dow, Nasdaq, Federal Reserve, Nvidia, Investors, Traders, XM, Dow e, Media, Warner Bros Discovery, Paramount Global, Netflix, HP Inc, PDD Holdings, Baidu, Thomson Locations: New York City, U.S, Berkshire, Bengaluru

☆ Stocks making the biggest moves in premarket trading: AstraZeneca, Paramount, Nike and more
▼ + stars: | 2023-09-25 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

AstraZeneca — Shares rose 1.4% after Jefferies upgraded the stock to buy from hold. Dow — Shares of the petrochemicals company rose 1.6% Monday during premarket trading. Chinese e-commerce stocks — U.S.-traded shares of JD.com and PDD Holdings lost 3.1% and 2.3%, respectively, as sentiment around China's economy worsened. HP — Shares of the computer company fell about 3% after Berkshire Hathaway sold 4.8 million shares, or approximately $130 million, of HP. Sealed Air — The food packaging company jumped 2.7% after Citi upgraded shares to buy from neutral.

Persons: Jefferies, Locker, Berkshire Hathaway, Anthony Pettinari, Nio, —, Alex Harring, Jesse Pound Organizations: WGA, Guild of America, SAG, Paramount Studios, AstraZeneca —, Urban Outfitters, Dow —, JPMorgan, Nike, Jefferies, Citi, U.S, PDD Holdings, Media, — Media, Paramount, Warner Bros, Disney, HP —, Berkshire, HP Locations: Los Angeles , California, China, JD.com, U.S

People sit and work on their laptops at Deloitte's office in Gurugram, India, June 13, 2023. Last month U.S. trade chief Katherine Tai raised concerns with India over the move, which would also affect companies such as Dell (DELL.N) and HP (HPE.N). The new 'imports management system' will need companies to obtain 'registration certificates' for imports of laptops, tablets and personal computers, instead of licences proposed earlier by the Aug.3 order, one of the officials said. The ministry conveyed the proposal to industry officials in a meeting on Friday, they added. India's electronics imports, including laptops, tablets and personal computers, stood at $19.7 billion in the April to June period, up 6.25% year-on-year.

Persons: Anushree, Katherine Tai, Munsif Vengattil, Acharya, William Mallard Organizations: REUTERS, U.S, Apple, Samsung, Reuters, Dell, HP, India's, Thomson Locations: Gurugram, India, DELHI, China, New Delhi

☆ The One Tool You Need to Make Your Lawn Look Superb This Fall
▼ + stars: | 2023-09-22 | by ( Sal Vaglica | ) www.wsj.com time to read: 1 min

LAWN AND ORDER The head of the Ryobi 40-volt HP Brushless 15-inch Carbon Fiber Attachment Capable String Trimmer Kit can be swapped out with several other types of tools, making it an extremely capable gardening companion. Illustration: Fernando CabeloIF YOU BELIEVE a once-over with a mower on Saturday is all the maintenance a front lawn needs, you might be an average American suburbanite. When pro landscapers dragoon your neighbor’s turf, mowing is just part of the plan. It’s all the other things—string trimming around fence and mailbox posts, edging next to sidewalks, blowing clippings off the driveway—that elevate a green lawn into the envy of the neighborhood. Those actions can create a mantle of striped emerald so manicured you feel unfit walking on it, like your grandma’s freshly vacuumed carpet.

Persons: Fernando Cabelo Organizations: YOU

☆ A survey of 15,000 workers around the world found that less than a third think they have a 'healthy' relationship with their job
▼ + stars: | 2023-09-22 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Only 27% of workers worldwide said they have a healthy relationship with work, a new study found. The HP Workplace Relationship Index surveyed over 15,000 people in 12 countries about their relationship with work. Only 27% of knowledge workers said they have a healthy relationship with work, with a low of 5% in Japan and a high of 50% in India. Some 28% of workers in the US said they have a healthy relationship with work. It estimated that low workplace engagement costs around $8.8 trillion in negative impacts to economic output.

Persons: HP's, doesn't, Gallup Organizations: HP, Service, Workers, Gallup Locations: Wall, Silicon, Canada, India, Japan

REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsBRUSSELS, Sept 22 (Reuters) - Intel (INTC.O) was fined 376 million euros ($400 million) on Friday in an EU antitrust case stemming from actions the U.S. chipmaker took between 2002 and 2006. An initial record fine of 1.06 billion euros in 2009 was thrown out last year by the Luxembourg-based General Court, Europe's second highest. The court, however, agreed with the European Commission that Intel illegally excluded rivals from the market which prompted the EU antitrust watchdog to re-open the case. "The General Court confirmed that Intel's naked restrictions amounted to an abuse of dominant market position under EU competition rules," the European Commission said in a statement. The Commission has appealed the General Court's ruling last year at the EU Court of Justice, Europe's top court.

Persons: Dado Ruvic, chipmaker, Court's, Europe's, Bart Meijer, Jane Merriman, Jason Neely Organizations: REUTERS, Rights, Intel, European Commission, Devices, HP, Lenovo, HK, EU, Justice, Thomson Locations: Rights BRUSSELS, Luxembourg

☆ Shanghai, Beijing capital controls relaxed as China entices badly needed foreign investment
▼ + stars: | 2023-09-22 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Shanghai’s free trade zone is one of China’s largest and is slightly bigger than the city of Seattle. The policies are aimed at attracting foreign investment to build an open economy, the government said. Thursday’s measures are the latest effort by Chinese leader Xi Jinping’s government to woo foreign capital and stabilize ties with the West. China has made a series of moves recently to stabilize foreign trade and investment, including cutting a tax on stock trading for the first time since 2008. The latest relaxation in capital controls is part of a policy package announced by Beijing and Shanghai, the country’s two biggest cities, to facilitate foreign trade and investment.

Persons: Tesla’s Gigafactory, Stringer, Xi Jinping’s, JP Morgan, Tesla Organizations: Hong Kong CNN, HP, AstraZeneca, Getty, State Administration of Foreign Exchange, American Chamber of Commerce, People’s Bank of, HSBC Locations: China, Hong Kong, Shanghai, Beijing, Seattle, BlackRock, AFP, People’s Bank of China, Macao, Taiwan

☆ Bank of America upgrades this cloud computing stock that can surge nearly 50%
▼ + stars: | 2023-09-21 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Nutanix has a promising multilever growth story, according to Bank of America. Nutanix, which offers cloud services and software solutions, recently announced a new software-defined platform called " GPT-In-A-Box. " The partnership will combine "the Nutanix cloud platform with Cisco's UCS compute, cloud management, networking and security," said the analyst. Mohan thinks the company could also benefit from Broadcom's upcoming acquisition of cloud computing peer VMware. Ahead of the company's analyst day later this month, Mohan thinks Nutanix can exceed Wall Street consensus estimates.

Persons: Nutanix, Wamsi Mohan, ACV, Mohan, — CNBC's Michael Bloom Organizations: Bank of America, Cisco, VMware, Broadcom, Dell, HP Enterprise Locations: billings

☆ CNBC Daily Open: Arm’s spectacular day lends helping hand to banks
▼ + stars: | 2023-09-15 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The long reach of ArmArm shares surged almost 25% on its first day of trading on New York's Nasdaq, and a further 6% in extended trading. "ECB interest rates have reached levels that … will make a substantial contribution to the timely return of inflation to the target," the bank's council said. Focus on the coreThe U.S. producer price index, which measures wholesale prices, rose a seasonally adjusted 0.7% in August — far more than the 0.4% estimate — and 1.6% from a year earlier.

Persons: Rene Haas, —, Berkshire Hathaway, Yun Li Organizations: Arm Ltd, Nasdaq, CNBC, U.S, Dow Jones, EU, ECB, PPI, HP Warren, HP Locations: New York, U.S

☆ Berkshire sells some HP shares after taking big stake last year
▼ + stars: | 2023-09-14 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. Berkshire sold the shares this week for about $158 million, reducing its HP stake to about $3.27 billion, according to a filing with the U.S. Securities and Exchange Commission. Buffett's company now owns about 11.7% of HP's shares, down from 12.2% before the sales, SEC filings show. Wednesday's filing does not say why Berkshire sold shares. HP's share price has fallen 19% since Berkshire in April 2022 revealed an unexpected $4.2 billion stake in the Palo Alto, California-based company, which had been separated seven years earlier from the former Hewlett-Packard.

Persons: Warren Buffett, Scott Morgan, Warren Buffett's Berkshire Hathaway, Buffett, Jonathan Stempel, Lincoln Organizations: Berkshire Hathaway, REUTERS, HP, Berkshire, U.S . Securities, Exchange Commission, SEC, Hewlett, Packard, Companies, Forbes, Apple, Thomson Locations: Omaha , Nebraska, U.S, Palo Alto , California, China, Berkshire, New York

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