Check out the companies making headlines in extended trading. Chubb — The property and casualty insurer gained nearly 6% after Berkshire Hathaway revealed it has bought nearly 26 million shares of Zurich-based company for a stake worth $6.7 billion. Chubb became Berkshire's ninth biggest holding at the end of...
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBCWarren Buffett finally revealed his secret stock pick in a new regulatory filing, and it's insurer Chubb.His conglomerate Berkshire Hathaway has bought nearly 26 million shares of Zurich-based Chubb for a stake worth...
Chuck Robbins, chief executive officer of Cisco, participates in a Bloomberg interview at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2024.Stefan Wermuth | Bloomberg | Getty ImagesCisco reported earnings and revenue for the fiscal third quarter that topped Wall Street's estimates, even with sales dropping from...
U.S. President Joe Biden announces increased tariffs on Chinese products to promote American investments and jobs in the Rose Garden of the White House on May 14, 2024 in Washington, DC. Win Mcnamee | Getty ImagesDETROIT — President Joe Biden's plan to quadruple tariffs on China-made electric vehicles is unlikely...
Rafael Enrique | Lightrocket | Getty ImagesNetflix's cheaper, ad-supported tier has amassed 40 million global monthly active users, the company said Wednesday.That's nearly double the 23 million figure the streaming giant shared in January.Separately, Netflix announced it would launch its own advertising platform and no longer partner with Microsoft...
A McDonald's store sign in Austin, Texas, Oct. 30, 2023.Brandon Bell |Getty ImagesMcDonald's is set to offer a $5 value meal in the U.S., but only for a limited time.The promotion will include four items for $5 — a McChicken or McDouble, four piece chicken nuggets, fries and a...
A renaissance in Western styles can boost stocks that specialize in denim, according to TD Cowen. Analyst Oliver Chen hailed the jean-fabric category as a strong performer that should be able to keep up momentum through at least the end of 2024. While positive on stocks across the space,...
Check out the companies making headlines in midday trading: GameStop , AMC Entertainment — The so-called meme stocks retreated significantly after a two-day rally . GameStop declined about 30%, while AMC dropped 20% as the trading frenzy seemed to fade. The sell-off in AMC shares also came after the...