Cathie Wood Reduces Exposure to Nvidia

Cathie Wood Reduces Exposure to Nvidia

-- Cathie Wood sold shares of Taiwan Semiconductor Manufacturing for the first time in more than two years, adding to moves to cut exposure in the chipmaker's key customer Nvidia . Katie Greifeld...
February 26, 2024 at 09:12 pm IST
Warren Buffett's Berkshire Hathaway Posts Record Cash Pile

Warren Buffett's Berkshire Hathaway Posts Record Cash Pile

-- Berkshire Hathaway's cash hoard jumped to a record at $167.6 billion in the fourth quarter. Billionaire investor Warren Buffett's conglomerate struggled to find meaningful deals. Adam Haigh...
February 26, 2024 at 03:28 pm IST
Booking Holdings CEO Sees More Normalized Travel Trends

Booking Holdings CEO Sees More Normalized Travel Trends

-- Booking Holdings President and CEO Glenn Fogel discuss the outlook for travel trends in 2024 with Katie Greifeld on Bloomberg Television. Booking Holdings shares fell after giving a disappointing...
February 24, 2024 at 12:35 am IST
Deutsche Telekom CEO on Growth, AI

Deutsche Telekom CEO on Growth, AI

-- Deutsche Telekom CEO Timotheus Hottges discusses the growth outlook as the mobile operator bucks trends in the European telecommunications market....
February 23, 2024 at 07:09 pm IST
Lombard Odier's Lee on Markets, Strategy

Lombard Odier's Lee on Markets, Strategy

-- Homin Lee, senior macro strategist at Lombard Odier, discusses his outlook for the markets and investment strategy. He speaks with Haidi Stroud-Watts and Paul Allen on Daybreak Asia....
February 23, 2024 at 03:01 pm IST
Japan Pulls Off an Early Chip Victory

Japan Pulls Off an Early Chip Victory

-- TSMC will officially open its Kumamoto fabrication facility this Saturday to start its mass production later this year. The opening marks an early victory for Japan as governments around the...
February 23, 2024 at 02:43 pm IST
Fed's Harker Warns Against Expecting Cuts 'Right Away'

Fed's Harker Warns Against Expecting Cuts 'Right Away'

-- I believe that we may be in the position to see rates decrease this year, Federal Reserve Bank of Philadelphia President Patrick Harker says during an event in Newark, Delaware. Harker goes on to...
February 23, 2024 at 03:49 am IST
Reddit Files Publicly for US IPO

Reddit Files Publicly for US IPO

-- Reddit Inc. filed for an initial public offering, more than two years after first filing confidentially with the US Securities and Exchange Commission. Caroline Hyde has more....
February 23, 2024 at 03:13 am IST
Katam Hill Founder Expects More Growth From Nvidia

Katam Hill Founder Expects More Growth From Nvidia

-- Adam Gold, Katam Hill Founder & Chief Investment Officer, told Bloomberg's Katie Greifeld that he expects Nvidia to continue to grow over the next decade thanks to a number of tailwinds. Gold...
February 23, 2024 at 12:34 am IST
Moderna CEO:  'Excited' About Future Following 4Q Revenue

Moderna CEO: 'Excited' About Future Following 4Q Revenue

-- Moderna reported fourth-quarter revenue that beat analysts' expectations by gaining Covid vaccine market share on its rival, Pfizer Inc, posting quarterly revenue of $2.8 billion for its Covid-19...
February 22, 2024 at 07:48 pm IST
Nvidia Predicts Sales Gain as AI Reaches 'Tipping Point'

Nvidia Predicts Sales Gain as AI Reaches 'Tipping Point'

-- Nvidia's revenue in the current period will be about $24 billion. Analysts had predicted $21.9 billion on average. Accelerated computing and generative AI have hit the tipping point, CEO Jensen...
February 22, 2024 at 03:40 am IST
Citigroup's Bitterly:  'Magnificent Seven Have Delivered'

Citigroup's Bitterly: 'Magnificent Seven Have Delivered'

-- Citigroup Wealth Head of Investment Solutions Kristen Bitterly joins Caroline Hyde to discuss what Nvidia's anticipated earnings results mean for the wider tech industry and the Magnificent...
February 22, 2024 at 01:32 am IST
Black Swan ETF Struggles

Black Swan ETF Struggles

-- The Simplify Tail Risk Strategy ETF late Friday said it was calling it quits and liquidating after losing 99.8% since it was started in September 2021. Bloomberg's Denitsa Tsekova explains what a...
February 22, 2024 at 12:46 am IST
Ackman's Portfolio Set Him Up Well for Big 2023 Payday

Ackman's Portfolio Set Him Up Well for Big 2023 Payday

-- Bill Ackman's portfolio positioned him to jump up the list of top-paid hedge fund managers. He made $610 million while barely adjusting the portfolio, Bloomberg's Hema Parmar reports....
February 21, 2024 at 03:16 pm IST
Nvidia Earnings Preview:  What to Watch for

Nvidia Earnings Preview: What to Watch for

-- Nvidia's revenue is expected to more than triple for a second straight quarter, buoyed by soaring demand in its data center business, which accounts for 80% of the chipmaker's sales. Mandeep...
February 21, 2024 at 02:51 pm IST
Walmart Tops 4Q Estimates, Forecasts Slower Growth

Walmart Tops 4Q Estimates, Forecasts Slower Growth

-- Walmart topped fourth-quarter earnings estimates as the retailer says shoppers remain choiceful. Joe Feldman, senior research analyst at Telsey Advisory Group examines the results....
February 20, 2024 at 08:48 pm IST
Capital One to Buy Discover in $35 Billion Deal

Capital One to Buy Discover in $35 Billion Deal

-- Capital One Financial agreed to purchase Discover Financial Services in a $35 billion all-stock deal that is expected to complete in late 2024 or early 2025. Charlie Wells reports on Bloomberg...
February 20, 2024 at 07:16 pm IST
Why Goldman Sachs Lifted S&P 500 Target to 5,200

Why Goldman Sachs Lifted S&P 500 Target to 5,200

-- Timothy Moe, chief Asia Pacific regional equity strategist at Goldman Sachs , talks about the prospects for US stocks. Goldman's strategists, just months after setting a 2024 target for the S&P...
February 20, 2024 at 03:44 pm IST
Goldman Sachs Sees Opportunity for Chinese Stocks' Tactical Rally

Goldman Sachs Sees Opportunity for Chinese Stocks' Tactical Rally

-- Timothy Moe, chief Asia Pacific regional equity strategist at Goldman Sachs , shares his views on Chinese stocks and the economy. He speaks on Bloomberg Daybreak: Asia....
February 20, 2024 at 03:38 pm IST
inflation makes it harder to cut rates

Inflation makes it harder to cut rates

-- Lisa Erickson, US Bank Wealth Management's head of public markets group, explains how the market is anticipating the Fed's next move. Erickson also dives into opportunities she sees in fixed...
February 20, 2024 at 03:29 pm IST
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