(Reuters) -Billionaire investor William Ackman has built in the first quarter a new stake in Alphabet worth $1.1 billion, according to a regulatory filing on Monday. According to the filing, Ackma[...]
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May 15, 2023
Berkshire invests in Capital One, sheds four stocks
By Jonathan Stempel (Reuters) -Berkshire Hathaway Inc on Monday disclosed it has begun investing in Capital One Financial Corp while exiting investments in four other stocks, as the company run by War[...]
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Marketmind: Slump or recovery in China?
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A barrage of Chinese economic data on Tuesday will give investors a clearer picture of whether their g[...]
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Abbott Labs is sued over PediaSure height claims
By Jonathan Stempel NEW YORK (Reuters) -A New York City woman sued Abbott Laboratories on Monday, accusing the healthcare company of misleading consumers into believing its PediaSure nutrition drinks[...]
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US banking regulators open to mergers, but vow tougher rules
By Pete Schroeder WASHINGTON (Reuters) -Top U.S. banking regulators plan to tell lawmakers the government will be open to future bank mergers, but are committed to establishing tougher rules after rec[...]
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Arrowstreet, Coatue Management among big hedge funds buying Meta in first quarter
By David Randall NEW YORK (Reuters) – Prominent hedge funds including Arrowstreet Capital LLC, D1 Capital Partners and Coatue Management LLC were among the investors that bought shares of Meta P[...]
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Fed’s Barkin not yet convinced inflation heading steadily lower
By Howard Schneider AMELIA ISLAND, Florida (Reuters) -Richmond Federal Reserve President Thomas Barkin on Monday said he is not convinced inflation is on a steady decline back to the U.S. central bank[...]
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Fire protection company Kidde-Fenwal files for bankruptcy citing PFAS lawsuits
By Dietrich Knauth (Reuters) – Kidde-Fenwal Inc, a subsidiary of Carrier Global Corp that specializes in fire control systems, filed for bankruptcy on Sunday, as it buckles under the weight of l[...]
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Anti-inflation fight may spur recession, investment opportunities -BlackRock
NEW YORK (Reuters) – Central bank efforts to tame inflation could spark a recession and market selloff that later this year or in 2024 leads to investment opportunities, the BlackRock Investment[...]
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