The famed investor added a $7.3 million bet on PDD in the fourth quarter, while reducing his exposure in JD.com and Alibaba.The famed investor added a $7.3 million bet on PDD in the fourth quarter, while reducing his exposure in JD.com and Alibaba. Michael Burry, best known for calling the subprime mortgage crisis, reshuffled his bets on Chinese internet stocks last quarter, trimming holdings in Alibaba and JD.com and adding a new stake in PDD . Burry’s hedge fund, Scion Asset Management, cut its stake in Alibaba by 25% in the fourth quarter, according to a new filing. The Jack Ma-founded company was…
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Excluding autos, prices fell 0.4%, also far off the consensus forecast for a 0.3% increase.Excluding autos, prices fell 0.4%, also far off the consensus forecast for a 0.3% increase. Consumers sharply curtailed their spending in January, indicating a potential weakening in economic growth ahead, according to a Commerce Department report Friday. Retail sales slipped 0.9% for the month from an upwardly revised 0.7% gain in December, even worse than the Dow Jones estimate for a 0.2% decline. The sales totals are adjusted for seasonality but not inflation for a month, in which prices rose 0.5%. Excluding autos, prices fell 0.4%,…
Berkshire Hathaway continued selling its big Bank of America stake in the fourth quarter, while the conglomerate added a new stake in Constellation Brands.Berkshire Hathaway continued selling its big Bank of America stake in the fourth quarter, while the conglomerate added a new stake in Constellation Brands. Warren Buffett’s Berkshire Hathaway continued selling its big Bank of America stake in the fourth quarter, while the conglomerate added a new holding in Constellation Brands . Berkshire offloaded more than 117,000 of Bank of America shares last quarter, owning a 8.9% stake worth just below $30 billion at the end of 2024, according to a new…
All three major averages are on pace to end the week higher.All three major averages are on pace to end the week higher. Traders work on the floor of the New York Stock Exchange at the opening bell on Feb. 12, 2025. Angela Weiss | Afp | Getty Images The S&P 500 was little changed on Friday in a pause from a strong performance this week, as investors weighed the latest on the global trade and inflation fronts. The Dow Jones Industrial Average shed 165.35 points, or 0.37%, closing at 44,546.08. The S&P 500 ticked down 0.01% to 6,114.63, and…
What’s in store for the next chapter of passive vs. active investing, according to Charley Ellis, the indexer who wrote the book on what’s best for your money.What’s in store for the next chapter of passive vs. active investing, according to Charley Ellis, the indexer who wrote the book on what’s best for your money. Stock picking looks easy, but the numbers prove it isn’t. S&P Global reports that after one year, 73% of active managers underperform their benchmarks. After five years, 95.5% of active managers miss the mark. After 15 years, nobody outperforms. That is not going to change, according to Charles…
Former U.S. attorney Danielle Sassoon alleged that New York City Mayor Eric Adams’ lawyers “repeatedly urged what amounted to a quid pro quo” with Trump’s DOJ.Former U.S. attorney Danielle Sassoon alleged that New York City Mayor Eric Adams’ lawyers “repeatedly urged what amounted to a quid pro quo” with Trump’s DOJ. New York City Mayor Eric Adams leaves the federal court after being charged with bribery and illegally soliciting a campaign contribution from foreign nationals, in New York City, U.S., October 2, 2024. Shannon Stapleton | Reuters New York City Mayor Eric Adams on Friday denied offering the Trump administration…
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Berkshire Hathaway continued selling its big Bank of America stake in the fourth quarter, while the conglomerate added a new stake in Constellation Brands.Berkshire Hathaway continued selling its big Bank of America stake in the fourth quarter, while the conglomerate added a new stake in Constellation Brands. Warren Buffett’s Berkshire Hathaway continued selling its big Bank of America stake in the fourth quarter, while the conglomerate added a new holding in Constellation Brands . Berkshire offloaded more than 117,000 of Bank of America shares last quarter, owning a 8.9% stake worth just below $30 billion at the end of 2024, according to a new…
Former U.S. attorney Danielle Sassoon alleged that New York City Mayor Eric Adams’ lawyers “repeatedly urged what amounted to a quid pro quo” with Trump’s DOJ.Former U.S. attorney Danielle Sassoon alleged that New York City Mayor Eric Adams’ lawyers “repeatedly urged what amounted to a quid pro quo” with Trump’s DOJ. New York City Mayor Eric Adams leaves the federal court after being charged with bribery and illegally soliciting a campaign contribution from foreign nationals, in New York City, U.S., October 2, 2024. Shannon Stapleton | Reuters New York City Mayor Eric Adams on Friday denied offering the Trump administration…
Excluding autos, prices fell 0.4%, also far off the consensus forecast for a 0.3% increase.Excluding autos, prices fell 0.4%, also far off the consensus forecast for a 0.3% increase. Consumers sharply curtailed their spending in January, indicating a potential weakening in economic growth ahead, according to a Commerce Department report Friday. Retail sales slipped 0.9% for the month from an upwardly revised 0.7% gain in December, even worse than the Dow Jones estimate for a 0.2% decline. The sales totals are adjusted for seasonality but not inflation for a month, in which prices rose 0.5%. Excluding autos, prices fell 0.4%,…
Berkshire Hathaway revealed that it had snapped up more than 5.6 million shares of Constellation Brands, known for beers like Corona and Modelo.Berkshire Hathaway revealed that it had snapped up more than 5.6 million shares of Constellation Brands, known for beers like Corona and Modelo. Berkshire Hathaway revealed that it had snapped up more than 5.6 million shares of Constellation Brands, known for beers like Corona and Modelo.
Elon Musk’s Department of Government Efficiency can continue to access sensitive records from at least three federal agencies, a judge ruled.
Elon Musk’s Department of Government Efficiency can continue to access sensitive records from at least three federal agencies, a judge ruled.
Utah Gov. Spencer Cox has signed into law a ban on transgender students living in public college dorms that align with their gender identity — marking the third time in as many years he’s approved legislation that’s restricted the small community under the LGBTQ umbrella. Gov. Spencer Cox has signed into law a ban on transgender students living in public college dorms that align with their gender identity — marking the third time in as many years he’s approved of legislation restricting trans Utahns. Utah Gov. Spencer Cox has signed into law a ban on transgender students living in public…
BOSTON — Grant Fisher broke his second world indoor record within a week when he shattered a 21-year-old mark in the 5,000 meters on Friday at the BU David Hemery Valentine Invitational. The American crossed the finish line in 12 minutes, 44.09 seconds to eclipse the mark that Ethiopia’s Kenenisa Bekele set on Feb. 20, 2004, by 5.51 seconds. On Saturday at the Millrose Games, Fisher broke the indoor world record in the 3,000 meters when he finished in 7:22.91. That broke the record of 7:23.81 set by Ethiopia’s Lamecha Girma two years ago. Fisher won the bronze medal in…
BOSTON — Grant Fisher broke his second world indoor record within a week when he shattered a 21-year-old mark in the 5,000 meters on Friday at the BU David Hemery Valentine Invitational. The American crossed the finish line in 12 minutes, 44.09 seconds to eclipse the mark that Ethiopia’s Kenenisa Bekele set on Feb. 20, 2004, by 5.51 seconds. On Saturday at the Millrose Games, Fisher broke the indoor world record in the 3,000 meters when he finished in 7:22.91. That broke the record of 7:23.81 set by Ethiopia’s Lamecha Girma two years ago. Fisher won the bronze medal in…
MEDLEY, Fla. — Napheesa Collier of the WNBA’s Minnesota Lynx took home $200,000 on Friday after she beat Washington Mystics forward Aaliyah Edwards in the final of Unrivaled’s 1-on-1 tournament. The winner’s check was the largest one-day prize in women’s basketball history, Unrivaled commissioner Micky Lawler said. Collier, a co-founder of the Unrivaled 3-on-3 league and a No. 1 seed in the 30-player tournament, won the best-of-three series 2-1 over the eighth-seeded Edwards to become Unrivaled’s first 1-on-1 champion. Each game between the former UConn standouts was played to a winning score of 8, with Edwards coming from behind to…
MEDLEY, Fla. — Napheesa Collier of the WNBA’s Minnesota Lynx took home $200,000 on Friday after she beat Washington Mystics forward Aaliyah Edwards in the final of Unrivaled’s 1-on-1 tournament. The winner’s check was the largest one-day prize in women’s basketball history, Unrivaled commissioner Micky Lawler said. Collier, a co-founder of the Unrivaled 3-on-3 league and a No. 1 seed in the 30-player tournament, won the best-of-three series 2-1 over the eighth-seeded Edwards to become Unrivaled’s first 1-on-1 champion. Each game between the former UConn standouts was played to a winning score of 8, with Edwards coming from behind to…
Jayden Dawson’s 26 points helped Loyola defeat Saint Louis 78-69 on Friday night at Gentile Arena. Sheldon Edwards Jr. scored 17 points — including nine straight during a decisive late run — and Des Watson 14 for the Ramblers (16-9, 7-5 Atlantic 10), who rallied from a seven-point second-half deficit. Gibson Jimerson led the Billikens (14-12, 7-6) with 20 points, Robbie Avila added 19 points, 13 rebounds and seven assists and Kobe Johnson had 14 points. Loyola’s next game is Tuesday at Davidson. Saint Louis plays host to Rhode Island on Saturday. The Associated Press created this story using technology…