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Buffett adds to Apple stake, bails further on IBM

Warren Buffett’s Berkshire Hathaway bought more Apple shares before their latest jump to all-time highs. Berkshire also cut its stake in IBM by 32 percent, or 17.06 million shares, in the third quarter, according to a required quarterly filing with the U.S. Securities and Exchange Commission released Tuesday. The stock …

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Elliott Management increases stake in Apple supplier

Simon Dawson | Bloomberg | Getty Images Microprocessors on a circuit board displayed at the Mobile World Congress in Barcelona, Spain, March 2, 2015. Paul Singer’s Elliott Management is adding to its bet on one Apple supplier. The activist hedge fund bought 4.06 million shares of NXP Semiconductor in the …

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Bank of America Merrill Lynch survey

One of the top three worries for investors right now is a crash in global bond markets. When asked what poses the biggest “tail risk,” or worry for the financial market, 22 percent of global investors considered the biggest risk to be a sharp drop in bonds, according to Bank …

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Fed should stand pat on interest rates for now: Bullard

Scott Eelis | Bloomberg | Getty Images James Bullard, president of the St. Louis Federal Reserve Bank The Federal Reserve should keep its benchmark interest rate at current levels until there is an upswing in inflation, St. Louis Fed President James Bullard said on Tuesday. “Inflation data during 2017 have …

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AT&T may seek White House, DOJ communications on Time Warner deal

Jabin Botsford | The Washington Post | Getty Images President Donald Trump listens to AT&T CEO Randall Stephenson during the ‘American Leadership in Emerging Technology’ event in the East Room of the White House in Washington, DC on Thursday, June 22, 2017. AT&T will seek access to communications between the …

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After a plunge, bitcoin typically soars in next few weeks, data shows

As dramatic as the downturn in bitcoin’s price was over the weekend, history indicates future returns will likely be greater. Bitcoin fell about 20 percent over the weekend before recovering much of its losses. The last four times bitcoin has fallen more than 20 percent this year, it has gained …

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Largest ever in US outside financial crisis

It doesn’t sound like much: General Electric is cutting its dividend from 96 cents a year to 48 cents. But GE has a lot of shares outstanding: 8.67 billion. Reducing the dividend by 48 cents with 8.67 billion shares outstanding means shareholders are getting $4.1 billion less in dividends each …

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UK railway pension fund investing millions in music

Of the many alternative investments outside stocks and bonds that pension funds can buy, a few are putting retirement money into music copyrights. RPMI Railpen, the manager of one of the largest and oldest UK pension funds, is leading a $345 million investment in a fund rolled out Monday by …

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Bitcoin falls after developers call off SegWit2x bitcoin cash surges

Bitcoin fell Friday to its lowest since Nov. 1 as traders bet on its offshoot, bitcoin cash, instead. The offshoot digital currency surged more than 20 percent to its highest since Aug. 20, according to CoinMarketCap. Bitcoin cash split off from the original version of bitcoin in August as a …

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‘Maybe bitcoin is a kind of a bubble,’ Goldman Sachs CEO Blankfein says

Michael Nagle | Bloomberg | Getty Images Lloyd Blankfein, chairman and chief executive officer of Goldman Sachs Group The digital currency has already been embraced by some of Wall Street’s most well-known figures, including investing legend Bill Miller. It has been criticized, however, by Blankfein’s peers on Wall Street in …

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