markets

Warren Buffett's Berkshire Hathaway suffers a $30 billion hit on Apple

Warren Buffett’s Berkshire Hathaway suffers a $30 billion hit on Apple

text size Apple makes up 40% of Berkshire Hathaway’s stock portfolio. Johannes Eisele/AFP via Getty Images Warren Buffett loves Apple , but Berkshire Hathaway’s large stake in the iPhone maker hurts: Apple shares are down about 20% this quarter. Berkshire Hathaway (ticker: BRK.A, BRK.B) owned about 911 million Apple shares as of March 31, and …

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Warren Buffett's Berkshire Hathaway suffers a $30 billion hit on Apple

Warren Buffett’s Berkshire Hathaway suffers a $30 billion hit on Apple

text size Apple makes up 40% of Berkshire Hathaway’s stock portfolio. Johannes Eisele/AFP via Getty Images Warren Buffett loves Apple , but Berkshire Hathaway’s large stake in the iPhone maker hurts: Apple shares are down about 20% this quarter. Berkshire Hathaway (ticker: BRK.A, BRK.B) owned about 911 million Apple shares as of March 31, and …

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Apple, Tesla, CSX, Under Armour, Target

Apple, Tesla, CSX, Under Armour, Target

Here are Thursday’s biggest calls on Wall Street: Stifel downgrades Target to hold from buy Stifel downgraded the major retailer after its disappointing earnings report on Wednesday. “We are downgrading shares of Target to Hold and significantly reducing our 2022-2023 EPS estimates and price target to $185, 14x 2023E EPS, reflecting limited near-term visibility on …

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Rivian, Amazon, Apple, AMD, Maxar

Rivian, Amazon, Apple, AMD, Maxar

Here are Tuesday’s biggest calls on Wall Street: Barclays reiterates Microsoft as overweight Barclays said in a note Tuesday Microsoft Teams is an “$85 billion opportunity.” ‚ÄúRecently, we have seen increasing investor nervousness about future growth opportunities for the Microsoft Office franchise. However, we believe that recognizing the huge opportunity the company has simply by …

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Black market for pharmacy items on the Lower East Side in NYC

Black market for pharmacy items on the Lower East Side in NYC

The prices are so low it’s criminal. On the Lower East Side, where items sell for a fraction of what they cost in the city’s shoplifting-ridden stores, there is an apparent black market for goods from suspicious sources. Pallets containing a random assortment of items including toiletries, diapers and batteries were spotted on blankets for …

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MicroStrategy shares fall as software company's bitcoin bet is underwater

MicroStrategy shares fall as software company’s bitcoin bet is underwater

Rafael Henrique | flare | Getty Images MicroStrategy, the enterprise software maker that has been betting heavily on Bitcoin for the past two years, is now underwater with its holdings of the world’s largest cryptocurrency due to the market slump. Bitcoin was trading around $28,000 apiece as of Thursday morning, recovering somewhat from earlier losses …

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Apple and Amazon have fallen for 6 straight weeks.  There could be more pain.

Apple and Amazon have fallen for 6 straight weeks. There could be more pain to come.

text size People visit the Apple Store in Grand Central Station in New York. Michael M Santiago/Getty Images Apple and Amazon.com Entering the second week of May, stocks looked set to extend their six-week losing streak, the longest since the pandemic. In the last six weeks, Apple (Ticker: AAPL ) and Amazon ( AMZN ) …

Apple and Amazon have fallen for 6 straight weeks. There could be more pain to come. Read More »

Apple and Amazon have fallen for 6 straight weeks.  There could be more pain.

Apple and Amazon have fallen for 6 straight weeks. There could be more pain to come.

text size People visit the Apple Store in Grand Central Station in New York. Michael M Santiago/Getty Images Apple and Amazon.com Entering the second week of May, stocks looked set to extend their six-week losing streak, the longest since the pandemic. In the last six weeks, Apple (Ticker: AAPL ) and Amazon ( AMZN ) …

Apple and Amazon have fallen for 6 straight weeks. There could be more pain to come. Read More »