Editor’s Pick – Page 33

Editor's Pick

Warren Buffett’s Berkshire Hathaway sold nearly half its stake in Apple

Warren Buffett’s Berkshire Hathaway dumped nearly half of its gigantic Apple stake last quarter in a surprising move for the famously long-term-focused investor. The Omaha-based conglomerate disclosed in its earnings filing that its holding…

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Mortgage rates plunge to the lowest level in over a year after weak employment report

The average rate on the popular 30-year fixed mortgage dropped 22 basis points to 6.4% Friday, according to Mortgage News Daily. That is the lowest rate since April 2023. The 15-year fixed…

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U.S. unemployment rate ticks up to 4.3% amid signs of broader economic slowdown

The U.S. unemployment rate rose to 4.3% in July and hiring slowed, adding to signs of a broader downturn in what has been a solid U.S. economy. The Bureau of…

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Delta CEO offers employees free flights after CrowdStrike-Microsoft chaos

Delta Air Lines CEO Ed Bastian on Friday offered employees two free travel passes to thank staff members who were caught in massive disruptions last month sparked by a botched CrowdStrike software update that stranded…

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DJT shares jump after Trump Media rolls out TV streaming plan

Trump Media said Friday it has started rolling out a TV streaming service that aims to air “neglected” content on its social media platform Truth Social. The company’s stock price, which trades under the ticker DJT on the…

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Intel shares plunge 28%, dragging down global chip stocks

Global semiconductor stocks fell Friday after a lackluster set of results from U.S. chip firm Intel sent its shares cratering, and a global market sell-off weighed on some of the…

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Federal judge overturns $4.7 billion jury verdict in ‘Sunday Ticket’ lawsuit, ruling for NFL

LOS ANGELES — A federal judge has overturned a jury’s $4.7 billion verdict in the class-action lawsuit filed by “Sunday Ticket” subscribers against the NFL and has granted judgment to…

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Dow closes nearly 500 points lower Thursday as investors’ recession fears awaken

Stocks sold off Thursday, with the Dow Jones Industrial Average tumbling nearly 500 points, as investors’ fears over a recession surfaced. The Dow dropped 494 points, or 1.2%. The S&P 500 shed 1.4%, while…

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Markets are clamoring for the Fed to start cutting soon: ‘What is it they’re looking for?’

If the Federal Reserve is starting to set the table for interest rate reductions, some parts of the market are getting impatient for dinner to be served. “What is it…

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Babies R Us is back: Here’s why Kohl’s is betting on babies to drive its turnaround

WOODLAND PARK, N.J. — Kohl’s is thinking small to rev up its sales. The retailer is opening Babies R Us shops in its existing stores across the country starting this week, and…

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