The chip stock will jump to about 21% from 6% in a $70 billion tech ETF once a new rebalance takes effect.
Kategorie-Archiv: CNBC Financial News
American households have seen their purchasing power increase
Wage growth has surpassed inflation for a year, meaning households have seen their buying power increase.
Google’s Android apps are coming in 3D via Xreal as competition with Apple’s Vision Pro heats up
Games and movies on Google Play Store apps can now be viewed in 3D via a new Android mobile device from augmented reality glasses maker Xreal, the startup said.
Warren Buffett buys Occidental shares for 9 straight days, pushes his stake to nearly 29%
The Omaha, Nebraska-based conglomerate purchased Occidental shares every trading day from June 5 to Monday.
Sen. Warren warns Powell against weakening banking regulations: ‘Do your job’
Bank CEOs have said the Basel III Endgame capital increases are unnecessarily aggressive and would force the industry to curtail lending.
GameStop closes more than 12% lower after annual meeting fails to offer details on firm’s strategy
The meme stock fell about 12% as its rescheduled shareholder event wrapped up with no detailed remarks about the company’s strategies.
Warren Buffett’s Berkshire Hathaway trims its stake in Chinese EV maker BYD to 6.9%
Warren Buffett’s conglomerate has sold an additional 1.3 million Hong Kong-listed shares of BYD for $39.8 million, according to a filing.
Warren Buffett’s Berkshire Hathaway trims its stake in Chinese EV maker BYD to 6.9%
Warren Buffett’s conglomerate has sold an additional 1.3 million Hong Kong-listed shares of BYD for $39.8 million, according to a filing.
Activist Starboard amasses Autodesk stake, weighs suit over delayed probe disclosure
Autodesk has been under deep scrutiny over an accounting scandal that led to the resignation of its CFO over potentially inflated financial metrics.
Adobe shares soar 17% on better-than-expected results
Adobe reported results on Thursday that sailed past analysts‘ estimates.