Author: starbpo

There have been big changes lately in some of the biggest investments that a low-volatility equity firm has in telecom and chips. It increased its stake in Verizon Communications VZ 0.32% stock by more than double in the third quarter. It decreased its stake in AT&T T 0.55%, increased its holdings in Intel INTC 1.47%, and decreased its holdings in Micron MU -0.80% Technology. In a form it sent to the Securities and Exchange Commission, Gateway told the SEC about the stock trades and other things. Gateway said in an email that the trades were part of a routine rebalancing…

It bought 1.6 million shares of the satellite radio company Sirius XM Holdings SIRI 1.88% for about $42 million, which added to the big stake it already had in the company. An SEC Form 4 statement late Friday shows that Berkshire bought the stock from Wednesday to Friday for an average of about $27 per share. The company now owns 110.3 million shares, which are worth about $3 billion. Berkshire now owns 32% of Sirius XM. The service, which is mostly provided in cars, has more than 30 million self-paid subscribers.This month, Berkshire bought 3.6 million shares and has bought…

Someone 25 years old from Alabama was arrested on charges that he helped plan the hack of the SEC’s X account in January. This hack caused the price of bitcoin BTCUSD 0.59% to quickly go through the roof. Eric Council Jr., of Athens, Alabama, was arrested Thursday and charged with helping to steal someone else’s name who had access to the SEC’s X account and using it to take over their cell phone in a scam called SIM-swapping. Federal officials said Council was part of an unnamed group of people who worked together in a SIM-swapping scheme. They would use…

The rally for everything. That’s what Tout TV calls it. For them, bull markets are like hurricanes: they love them. Every day, different stock market indexes set new records. The rise in stocks has spread from technology-focused gauges to the S&P 500 Equal Weight index and the old Dow Jones Industrial Average (DJIA 0.09%). Even the Russell 2000 RUT -0.21%, which isn’t very big, has joined the rally and has even done better than its bigger brothers by this point in October. But along with the rise in stock prices, things like volatility in stocks, bond rates, and gold prices…

Amazon.com (AMZN 0.78%) is a great place to learn about the immigration problem. In the past three years, the company brought in the most skilled foreign workers with H-1B work permits. If they were allowed to, they would probably hire many more people. Also, it always needs more warehouse workers. Since 2022, it has had a scheme to help refugees get jobs at the company. But Amazon, like a lot of big businesses in the US, would almost certainly get in trouble if it pushed for more immigrants. People’s views on undocumented foreigners have become more negative. No matter who…

Averages of polls show that Donald Trump’s chances of getting another term in office have been slowly rising over the past few weeks. His plans to put tariffs of up to 20% on most goods imported into the U.S. have also been slowly rising as well. A lot of people think that these new tariffs will have a big effect on S&P 500SPX 0.40% stocks. Some industry groups will be more affected than others. Barclays analysts think that if Trump’s government puts 10% tariffs on all imports and a 60% tax on those coming from China, it would cut S&P…

‘Given customer pressures, we are implementing additional cost containment measures and workforce actions.’Spirit AeroSystems Chief Financial Officer Irene Esteves This is what Irene Esteves, Chief Financial Officer of Spirit AeroSystems Holdings Inc. SPR -1.49%, said at the beginning of a message to workers on Friday. The customer is Boeing Co. BA -0.20%, and the pressures come from the strike that started on September 13 by Boeing workers, who are part of the International Association of Machinists and Aerospace Workers. Spirit, which is being bought by Boeing, said on October 28 that about 700 workers who work on the Boeing 767…

The U.S. government’s highway safety agency is looking into Tesla’s “Full Self-Driving” system again. This time, they are doing so because of reports of crashes in low-light situations, including one that killed a pedestrian. Records show that the National Highway Safety Administration began its investigation on Thursday after Tesla reported four accidents that happened when the cars went into areas with poor vision, such as fog, dust in the air, and sun glare. The office said that in addition to the pedestrian’s death, someone was hurt in another crash. “Full Self-Driving” will be tested to see if it can “detect…

For the first time in four days, Chinese stocks went up on Friday after the central bank said it would help the market. The CSI 300 index in China went up 3.6% to 3925.23, and it is now 22% higher than it was in late September, when the Chinese government first announced a plan to boost the economy. The Hang Seng HSI 3.61% went up 3.6% as well. Several microchip names went up in Shanghai trade, and SMIC 98116.35% was one of the companies that did well. Shares of Meituan (3,690, or 8.93%), Lenovo (992, or 6.24%), and BYD (1211,…

As a “generational opportunity” continues to play out, a BofA expert thinks that Nvidia Corp. shares could add another 40% or so to their already huge rise. In a report released Thursday, Vivek Arya of BofA raised his price target on Nvidia shares NVDA by 0.99% to $190 from $165. If the target is met, the stock would have gone up 39% from Thursday’s close. Arya’s top pick in the sector is Nvidia stock, which is slightly up on Friday morning. Wall Street loves Nvidia stock, but Arya believes that investors don’t give the company enough credit for being able…