In a surprising turn of events, Warren Buffett’s Berkshire Hathaway has been consistently offloading its stock holdings for the past six quarters. Despite making headlines with the recent acquisition of a stake in insurer Chubb, Berkshire has reported net sales exceeding $17 billion in publicly-traded stocks in the first quarter alone. This trend of selling
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Phoenix seems to be making strides towards winning the battle against inflation compared to other cities. Recent data shows that when rental prices decrease, overall inflation tends to follow suit. In Phoenix, consumer prices rose by 2.6% from April 2023 to last month, which is slower than the national average of 3.4% and lower than
Bank of America has identified Nvidia as one of the top stocks poised for upside potential. With an upcoming earnings report scheduled for May 22, Nvidia has already soared nearly 87% in 2024. Analysts at Bank of America believe that the company has significant room to grow and continue its upward trajectory. Raymond James Financial
In the world of media presentations, sports took center stage last year as media giants sought to attract advertisers during the Upfronts meeting week. With the backdrop of a looming Hollywood strike and cost-cutting measures impacting content production, companies turned to live sports as a reliable source of viewership and advertising revenue. The aftermath of
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Virginia Beach recently entered the municipal bond market to secure funding for a surf park development project supported by Pharrell Williams. The Virginia Beach Development Authority successfully priced approximately $189 million in debt, with the bond proceeds going towards the construction of various facilities for the Atlantic Park project. This includes a 3,500-person entertainment venue,
The U.S. dollar has seen a slight increase in value in European trade, despite facing a significant weekly fall due to cooling inflation and weak retail sales. The Dollar Index, which tracks the greenback against a basket of six other currencies, is currently trading 0.2% higher at 104.580. This comes after a period of decline
In a move to tap into changing consumer behavior and preferences, Walmart is leveraging its grocery aisles to offer customers a more affordable meal option compared to traditional fast–food chains. The rising costs of eating out have prompted consumers to look for alternative dining options that are more budget-friendly. As a result, Walmart has seen
Under Armour, the athletic apparel retailer, has been facing some major challenges with a significant drop in sales in its largest market, North America. Sales plummeted by 10%, leading to a prediction of even worse trends in the current fiscal year. Additionally, the company witnessed a staggering decline in profits, with a more than 96%
The recent softer U.S. consumer inflation readings have had a significant impact on Asian currencies. The dollar weakened to a one-month low, prompting traders to increase their bets on a potential September interest rate cut. This led to gains in most Asian currencies, although some regional units were held back by soft economic data and