- Warren Buffett’s Berkshire Hathaway reveals insurer Chubb as confidential stock it’s been buyingon May 15, 2024 at 9:45 pm
His conglomerate Berkshire Hathaway has acquired nearly 26 million shares of Chubb for a stake worth $6.7 billion.
- GameStop, AMC tumble as meme stock rally fizzles after just two dayson May 15, 2024 at 8:02 pm
GameStop and AMC shares fell as the meme stock trading frenzy showed signs of fizzling early on its third day.
- Tesla's Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000on May 15, 2024 at 4:04 pm
Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla's Model Y.
- China's economy reveals pockets of softness. Here's what to watch ahead of Friday's dataon May 15, 2024 at 12:16 am
As China's economy moves into the second quarter of the year, a few indicators are raising expectations for monetary policy easing.
- AMC completes $250 million stock sale during meme rally, shares jump 30%on May 14, 2024 at 8:01 pm
AMC shares soared following news of the sale and was paused for volatility at one point.
- Fed Chair Powell says inflation has been higher than thought, expects rates to hold steadyon May 14, 2024 at 6:04 pm
Speaking to the Foreign Bankers' Association, the central bank leader noted that the rapid disinflation that happened in 2023 has slowed considerably this year.
- Watch Fed Chair Jerome Powell speak live to bankers group in Amsterdamon May 14, 2024 at 3:22 pm
Federal Reserve Chair Jerome Powell speaks Tuesday to the annual general meeting of the Foreign Bankers' Association in Amsterdam.