Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., in Iwaki City, Fukushima Prefecture, Japan in 2011. Bloomberg | Bloomberg | Getty Images Shares of Japanese trading houses rose in Tuesday afternoon trade after Warren Buffett, chairman and CEO of Berkshire Hathaway, said he plans to increase his holdings. In an interview with Nikkei,…
A general view of Micron Technology’s building in Singapore, June 23, 2020. Micron Gcm Studio | Reuters Check out the companies making headlines in midday trading Monday. Block — Shares of the payments stock lost 3% following a downgrade to market perform from outperform by KBW. The firm cited pressures from “‘small risks starting to…
Micron Technology headquarters in Boise, Idaho, March 28, 2021. Jeremy Erickson | Bloomberg | Getty Images Check out the companies making headlines in premarket trading. Micron Technology – Shares jumped more than 6% following news that Samsung Electronics plans to cut memory chip production near term. Many Wall Street analysts said the move could accelerate…
Demand for bond ETFs appears to be rising. According to MarketAxess CEO Chris Concannon, there are signs Treasury ETFs are on the cusp of substantial inflows. “We’re about to see what I’d call [a] bond renaissance,” the electronic-trading platform CEO told CNBC’s “ETF Edge” this week. “The Fed is still taking action, so I would…
The logo of cryptocurrency exchange Binance displayed on a phone screen. Jakub Porzycki | NurPhoto via Getty Images Binance’s Australian derivatives license was canceled at the crypto exchange’s own request, the Australian Securities & Investments Commission said Thursday, after the regulator had begun a “targeted review of Binance” in February. Beginning April 14, Binance’s derivative…
NEW YORK, NEW YORK – MARCH 15: Traders work on the floor of the New York Stock Exchange during morning trading on March 15, 2023 in New York City. Michael M. Santiago | Getty Images Short sellers were sitting on more than $7 billion in profit from the mass sell-off of bank shares by the…
Sopa Images | Lightrocket | Getty Images Check out the companies making headlines before the bell: Richardson Electronics – Shares rose about 0.7% after Richardson Electronics reported a smaller backlog in its third fiscal quarter than it did in the same quarter a year prior. The engineering services firm also reporter better-than-expected earnings. Costco Wholesale…
A screen displays the logo and trading info for Western Alliance Bancorporation on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 14, 2023. Brendan Mcdermid | Reuters Shares of Western Alliance Bancorp cut steep losses Wednesday after the regional bank gave a new update showing deposit outflows stabilizing…
The Western Alliance Bancorporation logo is seen in this photo illustration on 13 March, 2023 in Warsaw, Poland. Jaap Arriens | Nurphoto | Getty Images Check out the companies making headlines in midday trading. Nvidia – Shares of the chipmaker slid about 3% a day after Google revealed details about its artificial intelligence supercomputer and…
With the start of the second quarter, Bank of America has a new list of short-term ideas for investors seeking clarity amid ongoing market volatility. The firm compiled a list of high-conviction stock recommendations in a note to clients earlier this week. In the note, chief investment strategist Michael Hartnett noted that investors moved a…
