Private companies such as SpaceX are driving costs down for everyone in the space race, says man behind UFO ETF

Private space companies are paving the industry’s path to profits, says the man behind the Procure Space ETF (UFO). By taking part in the rapidly developing “space race,” billionaire-backed entities such as Elon Musk’s SpaceX and Jeff Bezos’s Blue Origin are lowering costs across the board, ProcureAM CEO Andrew Chanin told CNBC’s “ETF Edge” this … Read more

Here are Warren Buffett’s biggest stock bets

Warren Buffett Gerard Miller | CNBC Warren Buffett’s Berkshire Hathaway released its annual letter to shareholders on Saturday, giving investors a look into the conglomerate’s top equity bets. The table below is a list of the largest holdings by market value of the Berkshire stake. Source link

Warren Buffett’s highly anticipated annual letter arrives Saturday. Here’s what to watch for

Warren Buffett. Gerald Miller | CNBC The world is about to hear from Warren Buffett for the first time in nine months, and the legendary investor could make a wave of headlines. The 90-year-old chairman and CEO of Berkshire Hathaway is set to release his annual shareholder letter Saturday morning along with the conglomerate’s quarterly earnings. … Read more

Stocks making the biggest moves in the premarket: Foot Locker, Beyond Meat, DoorDash & more

Take a look at some of the biggest movers in the premarket: Foot Locker (FL) – Foot Locker shares tanked 12.1% in premarket trading after quarterly revenue came in below Street forecasts and comparable-store sales unexpectedly declined. The athletic apparel and footwear retailer also reported quarterly profit of $1.55 per share, beating consensus by 20 … Read more

Robinhood offers blistering retort to ‘elitist’ criticisms from Munger

Pavlo Gonchar | LightRocket | Getty Images Robinhood fired back at Berkshire Hathaway Vice Chairman Charlie Munger, who earlier this week said the free trading app was having a “regrettable” impact on investors. The longtime business partner of Warren Buffett on Wednesday addressed the running controversy over Robinhood and similar applications, noting dangers from the … Read more

Carlyle’s Rubenstein says biggest economic risk is high unemployment, not stock market speculation

David M. Rubenstein, Co-Founder & Co-Executive Chairman, The Carlyle Group. David A. Grogan | CNBC Carlyle Group co-founder David Rubenstein told CNBC on Thursday he believes the largest economic risk is high unemployment, not some areas of the stock market where valuations have become overheated. “I think on the whole, the stock market is not our biggest … Read more

Carvana becomes the darling of hedge funds, who believe it can be the ‘Amazon of cars’

Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Thursday’s earnings report from used car dealer Carvana could help validate the decisions of many hedge funds that have big bets on the company. The e-commerce company has seen its sales grow exponentially since its initial public offering in 2017 and has caught the eye of several … Read more

These fractional stocks, not GameStop, can outdo hedge funds at their own game, Jim Cramer says

Stock in GameStop and AMC found another leg to run on Wednesday, posting their strongest day of trading since an internet-fueled short squeeze sent their share prices to the stratosphere last month. AMC shares closed 18% higher at $9.09 and GameStop more than doubled to settle at $91.70 weeks after a so-called “meme stock” frenzy … Read more