November 2024 – Page 119 – Best Day Investing

Berkshire’s cash soars to $325 billion as Buffett sells Apple, BofA; operating profit falls

By Jonathan Stempel (Reuters) -Warren Buffett and Berkshire Hathaway (NYSE:BRKa) extended their retreat from stocks in the third quarter, slashing their holdings in Apple and boosting cash to a record…

November 2, 2024

Stock

Novartis CEO ‘very confident’ on sales target, doesn’t fear patent cliff – newspaper

ZURICH (Reuters) – Novartis (SIX:NOVN) expects to increase its annual sales by least 5% per year in the coming years, CEO Vas Narasimhan said in an interview on Saturday, with…

November 2, 2024

Stock

US elections and tariff implications on transport stocks

Investing.com — In a note published Tuesday, Bank of America analysts discussed how the outcome of the upcoming US presidential election could affect the transport sector, particularly in the context…

November 2, 2024

Stock

How to navigate potential investment opportunities in China e-commerce sector

Investing.com — In the wake of recent policy shifts and macroeconomic headwinds, Morgan Stanley analysts introduced a Bull-Bear Framework to help investors better navigate potential investment opportunities in China’s e-commerce…

November 2, 2024

Economy

What would it take for the Fed to pause rate cuts? Deutsche Bank weighs in

Investing.com — While recent economic data has shifted market expectations toward the Federal Reserve potentially pausing its rate cuts, conditions for such a move remain stringent, Deutsche Bank strategists said…

November 2, 2024

Economy

What policy outcomes are likely regardless of the US election results?

Investing.com — In a Monday report, investment bank Raymond James delved into potential policy actions that could influence the markets in 2025, irrespective of who wins the upcoming US presidential…

November 2, 2024

Economy

How to navigate the Fed’s pre-decision blackout period, according to Wells Fargo

Investing.com — The Federal Reserve is due to unveil its latest interest rate decision on Nov. 7, although officials are in a blackout period during which they are not providing public…

November 2, 2024

Stock

NVIDIA to replace Intel in Dow Jones Industrial Average

After the close of trading on Friday, S&P Dow Jones Indices announced that AI giant NVIDIA Corporation (NASDAQ:NVDA) will replace Intel Corporation (NASDAQ:INTC) in the Dow Jones Industrial Average. The change…

November 2, 2024

Stock

Trump says he would charge Stellantis 100% tariff if it moves jobs to Mexico

WARREN, Michigan (Reuters) – Republican presidential candidate Donald Trump said on Friday that if he is elected he would put a 100% tariff on Stellantis (NYSE:STLA) if the automaker tried…

November 2, 2024

Stock

Earnings call: Mercer International posts mixed Q3 results amid market shifts

Mercer International Inc. (NASDAQ: NASDAQ:MERC) reported a mix of positive and negative financial outcomes in its third-quarter earnings call for 2024. President and CEO Juan Carlos Bueno and CFO Richard…

November 2, 2024