In a recent move by Berkshire Hathaway Inc . (NYSE:), the conglomerate has increased its stake in Sirius XM Holdings Inc. (NASDAQ:), purchasing shares worth a total of $86.73 million. The transactions were carried out over several days, with prices ranging from $23.55 to $24.95 per share. The series of acquisitions began on October 9, 2024, with Berkshire Hathaway buying 869,800 shares at an average price of $23.55. This purchase was followed by additional buys on October 10, totaling 1,435,000 shares, with prices averaging between $24.16 and $24.47 per share. The buying spree culminated on October 11, with the acquisition…
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KUALA LUMPUR, Malaysia, Oct. 11, 2024 /PRNewswire/ — Shanghai Electric (SEHK:2727, SSE (LON:):601727) unveiled its latest energy innovations at Enlit Asia 2024, the leading conference and expo for the power and energy sector in Southeast Asia, taking place in Kuala Lumpur, Malaysia, from October 8th to 10th. Shanghai Electric showcased its comprehensive portfolio of energy innovations, with its exhibition booth featuring all-encompassing green energy technologies that highlight its latest achievements in clean coal power, solar energy, hydrogen power, and multi-energy technology, offering global attendees a glimpse into Shanghai Electric’s state-of-the-art products designed to facilitate the global transition toward greener energy.…
The Times reports that Prime Minister Sir Keir Starmer’s investment forum is “in chaos after derogatory comments” that a cabinet minister directed at a major shipping company. The paper says Transport Secretary Louise Haigh recently described P&O Ferries as a “rogue operator” over a fire-and-rehire scandal in 2022. The remarks caused the ferry firm’s owner, DP World, to shelve plans for a £1 billion infrastructure investment, the Times adds.DP World boss Sultan Ahmed bin Sulayem will no longer attend the PM’s investment summit on Monday, according to the Daily Telegraph, which describes the snub as an “embarrassing blow” to the…
Chinese stocks are poised for a huge run-up in the next year, according to Renaissance Macro’s Jeff deGraaf.The research firm CEO said perfect conditions are aligning for additional gains exceeding 50%.Other notable investors have been looking to buy the dip in Chinese stocks amid continued stimulus efforts.China’s stock rally isn’t over — and the nation could have the perfect cocktail of ingredients to stage a monster run-up over the next year, according to one Wall Street forecaster.Jeff deGraaf, the CEO of Renaissance Macro Research, says he sees China’s benchmark stock index climbing to 6,000 over the next year. That implies…
Blend Labs, Inc. (NYSE:BLND) executive Winnie Ling, who serves as the company’s Head of Legal and People, has recently sold a portion of her holdings in the company. The transaction, which took place on October 10, involved the sale of 20,000 shares of Class A Common Stock at a weighted average price of $3.4299 per share, totaling approximately $68,598. The sale was conducted under a Rule 10b5-1 trading plan, which Ling had previously adopted on June 7, 2024. This type of plan allows company insiders to sell shares over a predetermined period of time, providing a defense against potential accusations…
In the latest trading activity, Cathie Wood’s ARK ETFs disclosed their daily transactions for Friday, October 11th, 2024, with significant moves in several high-profile stocks. The most substantial transaction of the day involved a sell-off of Robinhood Markets Inc (NASDAQ:) shares, with ARK divesting a total of 178,658 shares across its ARKK and ARKW ETFs, amounting to a value of approximately $4.56 million. Conversely, ARK showed continued confidence in electric vehicle giant Tesla Inc (NASDAQ:), purchasing 12,730 shares through its ARKW ETF, representing a cash outlay of around $3.04 million. This purchase adds to ARK’s recent pattern of accumulating Tesla…
Overview of the Recent TransactionOn October 4, 2024, Deep Track Capital, LP (Trades, Portfolio) marked a significant portfolio addition by acquiring 68,415.6 shares of Reneo Pharmaceuticals Inc (NASDAQ:RPHM). This transaction, categorized as a new holding, was executed at a price of $18.20 per share. The acquisition not only diversifies Deep Track Capitals investment portfolio but also underscores its strategic interest in the biotechnology sector, particularly in companies involved in rare genetic mitochondrial diseases.Insight into Deep Track Capital, LP (Trades, Portfolio)Deep Track Capital, LP (Trades, Portfolio), headquartered at 200 Greenwich Avenue, Greenwich, CT, is a prominent investment firm managing an equity…
Paycom (NYSE:) Software, Inc. (NYSE:PAYC) CEO, President, and Chairman Chad Richison recently sold a significant amount of company stock, transactions that were valued in excess of $635,000. The series of sales occurred on October 10, 2024, with prices ranging from $161.94 to $163.59 per share. The sales are part of a planned trading strategy, as indicated by a footnote in the SEC filing, which states that the transactions were executed pursuant to a joint Rule 10b5-1 trading plan adopted by Richison and Ernest Group, Inc. on February 16, 2024. Rule 10b5-1 plans allow company insiders to sell stocks at predetermined…
Music, clothing, food and film – South Korea’s exports are now at the forefront of global pop culture and very much in vogue with international consumers. But are they in vogue with international investors? In an attempt to capture alpha from the K-wave, a joint venture between French investment giant Amundi and Korean asset manager NH Capital has launched a trio of exchange-traded funds (ETFs) to ride the coat-tails of the country’s booming culture industries. NH-Amundi subsidiary Hanaro ETF is offering investors the opportunity to tap into K-pop, K-beauty and K-food, the passive strategies dialling into these three pillars of K-culture.…
Slaven Vlasic/Getty Images for The New York Times; Chelsea Jia Feng/BINvidia stock is set for more gains as demand for its GPU chips surges, Morgan Stanley says.Nvidia’s Blackwell GPU is on schedule and is sold out for the next 12 months, the company said.Inference computing growth boosts the long-term demand potential for Nvidia’s AI GPU chips.Nvidia stock is poised for more gains as its GPU chip business continues to see surging demand.That’s according to Morgan Stanley, which hosted meetings with Nvidia CEO Jensen Huang, CFO Colette Kress, and other members of the chip maker’s management team for three days in…