STORY: U.S. stocks struggled for gains on Wednesday after a sharp selloff on Wall Street in the previous session following an unexpectedly hot consumer price index report, which cemented bets that the Federal Reserve would go ahead with the third straight 75 basis points increase in rates next week.
This is what could happen next to Palantir shares.
“Those people aren’t just being useless (and being coddled to think useless jobs actually matter—they don’t), but they are also taking money away from the rest of the workforce’s retirement programs.”
Over the past six years, billionaire Bill Gates has spent more than $113 million purchasing Nebraska farmland and has taken out two loans totaling $700 million against it. Gates owns about 20,000 acres of farmland in Nebraska, where longtime friend and fellow billionaire Warren Buffett resides. The farmland is held by more than 20 shell companies. Why would one of the world's richest people need to take out a loan? Many high-net-worth individuals borrow against their assets if they need money th
Mayer's career can be boiled down to a single wrong keystroke.
The Oracle of Omaha's short-term actions and long-term ethos don't always mesh.
Warren Buffett is selling his largest holding, and that's a huge deal.
Prepare yourself for a big shock.
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Luminar Technologies, a maker of lidar sensors for self-driving cars, said on Tuesday that Tesla was the largest customer for its sensors in the first quarter, accounting for more than 10% of its total revenue of $21 million during the period. Tesla's electric vehicles that are sold do not use lidars and it is not clear where Tesla used the sensors.
After a rocky month of April, investor sentiment has improved somewhat. At least in part, this can be attributed to a better-than-expected earnings season. So far, about 80% of the S&P 500-listed companies have reported their Q1 results, and 77% of those have shown a quarterly EPS above the forecasts. Overall, the earnings reported are 7.5% better than the estimates, a beat that’s well above the 6.7% decadal average. Scott Chronert, a U.S. equity strategist at Citigroup, comments on the broader