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Finance

RIVN, ABNB, TWLO, BROS & more

Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines in premarket trading. Rivian Automotive — The electric vehicle maker saw its stock jump more than …

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Bank of England set for 12 straight interest rate hike, but the outlook remains murky

People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. Henry Nicholls | Reuters LONDON — The Bank of England is expected to hike interest rates for the 12th consecutive meeting on Thursday as inflation continues to run hot, but …

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UBS announces Credit Suisse CEO Koerner to join board after emergency rescue

Ulrich Koerner, chief executive officer of Credit Suisse Group AG, during a Bloomberg Television interview in London, UK, on Tuesday, March 14, 2023.  Hollie Adams | Bloomberg | Getty Images UBS on Tuesday announced that Credit Suisse CEO Ulrich Koerner will join the executive board of the new joint entity …

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AI trade is leaving investors vulnerable to painful losses: Evercore

The artificial intelligence trade may be leaving investors vulnerable to significant losses. Evercore ISI’s Julian Emanuel warns Big Tech concentration in the S&P 500 is at extreme levels. related investing news “The AI revolution is likely quite real, quite significant. But … these things unfold in waves. And, you get …

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Stocks moving big after hours: LCID, PLTR, PYPL

People stand in front a banner displaying Palantir Technologies Inc. signage during the company’s initial public offering (IPO) in front of the New York Stock Exchange (NYSE) in New York, Sept. 30, 2020. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in after-hour trading. Lucid …

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Berkshire shares rise as investors cheer earnings and Geico’s recovery

Warren Buffett tours the grounds at the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska. David A. Grogan | CNBC OMAHA, Neb. — Berkshire Hathaway shares rose on Monday as Warren Buffett’s conglomerate wooed investors with a strong earnings report and an insightful “Woodstock for Capitalists” over the weekend. Berkshire’s …

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What Hollywood’s Reynolds and McElhenney got right at Wrexham

WREXHAM, Wales – May 2, 2023: Ryan Reynolds and Rob McElhenney, co-owners of Wrexham AFC, celebrate with the club’s men’s and women’s teams during a bus parade following their respective title-winning seasons in the Vanarama National League and Genero Adran North. Jan Kruger/Getty Images LONDON — When Ryan Reynolds and …

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Warren Buffett says Berkshire managers were surprised by economic slowdown, earnings to decline

OMAHA, Neb. — Warren Buffett struck a pessimistic tone about Berkshire Hathaway‘s myriad of businesses on Saturday, saying he expects an earnings decline in light of an economic slowdown. “In the general economy, the feedback we get is that, I would say, perhaps the majority of our businesses will actually …

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Warren Buffett says Berkshire Hathaway won’t take full control of Occidental Petroleum

Follow our live coverage of Warren Buffett at Berkshire Hathaway meeting. OMAHA, Neb. — Warren Buffett said Saturday that Berkshire Hathaway doesn’t plan on taking full control of Occidental Petroleum, an oil giant where it has amassed a stake north of 20%. “There’s speculation about us buying control, we’re not going to …

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Warren Buffett says letting Silicon Valley Bank customers go under would’ve been ‘catastrophic’

Shareholders watch Warren Buffett and Charlie Munger from the overflow room during the Berkshire Hathaway annual meeting on Saturday, May 6, 2023, in Omaha, Neb. Rebecca H. Gratz | AP Berkshire Hathaway CEO Warren Buffett said Saturday that regulators avoided a financial disaster by making sure that Silicon Valley Bank customers didn’t lose …

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