Warren Buffett’s Berkshire Hathaway revealed a new stake in troubled insurer UnitedHealth last quarter, according to a regulatory filing, a surprising buy because of the company’s current reputation, but perhaps not considering his history of bargain investing. The Omaha-based conglomerate bought more than 5 million shares in the health care…
Apple on Thursday announced a redesigned blood oxygen feature for some Apple Watch users, following a yearslong intellectual property dispute over the capability. Apple said the redesigned feature is coming to some Apple Watch Series 9, Series 10 and Apple Watch Ultra 2 users on Thursday. The update was possible…
Bed Bath & Beyond is back — kind of. The bankrupt home goods chain is being resurrected by the owners and licensees of its intellectual property, which opened the first new Bed Bath & Beyond store in Nashville, Tennessee, on Friday with potentially dozens of more to come. This time…
Lyft said Thursday its co-founders, Logan Green and John Zimmer, are stepping down from the ride-hailing services provider’s board, following the completion of a two-year transition plan. Green and Zimmer began serving as the chair and vice chair of Lyft’s board in 2023 after stepping down as CEO and president,…
Deere & Co. shares fell sharply on Thursday after the farm equipment manufacturer cut its full-year profit outlook, overshadowing stronger-than-expected quarterly earnings.The stock dropped more than 6.9% to $478 on Thursday’s open, even as the S&P 500 and Dow Jones Industrial Average futures were little changed.The move comes despite a…
Tapestry shares tumbled Thursday after the company warned that a challenging year lay ahead for its Kate Spade brand, even as sister label Coach delivered robust growth.The share price was down by close to 14% at 10:51 am on Thursday. The drop came despite a near-tripling of the stock over…
Terawulf Inc (NASADQ: WULF) soared nearly 50% this morning after announcing “two 10-year high-performance computing (HPC) colocation agreements” with the London-based Fluidstack. The announced artificial intelligence (AI) deals represent up to $8.7 billion in contracted revenue over the next two decades, the company’s press release confirmed on Thursday.Terawulf stock has…
Palantir Technologies Inc (NASDAQ: PLTR) has been the darling among retail investors interested in playing the defence-tech space in recent months.However, with a forward price-to-earnings (P/E) multiple of well past 400, the data analytics firm sure warrants caution at the time of writing.For those overly concerned about PLTR valuation, Virginia-headquartered…
India has erased almost all extreme poverty in a single decade and secured its first sovereign credit upgrade in 18 years. The country’s economy has been growing faster than any other in Asia, yet its manufacturing sector still lags behind smaller peers like Vietnam and Bangladesh.Investors see a rising giant,…
US President Donald Trump and Russian President Vladimir Putin are set to meet in Alaska on Friday to discuss a potential resolution to the war in Ukraine.The summit marks the first in-person dialogue between the two leaders since Russia’s full-scale invasion in 2022.While broader European equities rallied on news of…