Month: April 2022

In this article BRK.A Warren Buffett on Saturday said Berkshire Hathaway has been increasing its stake in Activision Blizzard in a merger arbitrage play, betting that Microsoft’s proposed acquisition of the video game company will close. Berkshire now owns about 9.5% of Activision shares, Buffett said at the company’s annual shareholder meeting. “Occasionally I’ll see
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Lifestylevisuals | E+ | Getty Images Adjustable-rate mortgages are making a comeback. With interest rates surging, more buyers are turning to ARMs, which offer lower initial rates than fixed-rate loans. However, after a certain period, the rate on the ARM adjusts to reflect current market conditions. “You have double the number of borrowers out there
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Tracey Ryniec uncovers two top stocks that are flying under the radar. Applied Optoelectronics: https://www.zacks.com/stock/quote/AAOI?cid=CS-YOUTUBE-FT-VID Bio Telemetry: https://www.zacks.com/stock/quote/BEAT?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch
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Municipals were mixed Friday, outperforming larger losses in U.S. Treasury ahead of the Federal Open Market Committee meeting next week where the Fed is expected to implement another rate hike. Equities sold off led by tech stocks. Triple-A benchmarks were cut up to two basis points, depending on the scale, while UST yields rose seven
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European shares and the euro followed Asian markets higher on Friday, after Chinese authorities pledged to safeguard the world’s second-largest economy from coronavirus lockdowns, lifting sentiment following disappointing economic growth data. The regional Stoxx 600 share index added 1 per cent, after strong gains in Asia. Hong Kong’s Hang Seng index closed 4 per cent
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Apple’s services division posted record revenue in the quarter to March, pushing the company’s overall sales well beyond analysts’ expectations as it navigated supply chains issues and the highest inflation rate in decades. Revenues rose 9 per cent from a year ago to $97.3bn, versus the $94.1bn expected by analysts. Net profits jumped 6 per
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