Business

Strategy, the largest corporate holder of bitcoin, said it’s almost halfway to its ambitious capital raising goal as it went on a buying spree throughout the postelection rally. The company formerly known as MicroStrategy said since the end of the third quarter it has acquired 218,887 bitcoins for $20.5 billion. Strategy currently holds 471,107 bitcoins
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Kenneth C. Griffin (R) speaks during The New York Times Dealbook Summit 2024 at Jazz at Lincoln Center on December 04, 2024 in New York City.  Eugene Gologursky | Getty Images Billionaire investor Ken Griffin’s flagship hedge fund climbed in a volatile January, according to a person familiar with the returns. Citadel’s multistrategy flagship Wellington fund
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Mickey Mouse and Minnie Mouse balloons fly in front of Cinderella’s Castle at the Magic Kingdom Park in Walt Disney World in Orlando, Florida, on May 31, 2024. Gary Hershorn | Corbis News | Getty Images Disney will report its fiscal first-quarter earnings before the bell on Wednesday, and Wall Street will be paying close
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Medical bottles and syringe are seen with Novo Nordisk logo displayed on a screen in the background. Nurphoto | Nurphoto | Getty Images Danish pharmaceutical behemoth Novo Nordisk on Wednesday reported better-than-expected net profit in the fourth quarter, amid soaring demand for its Wegovy obesity drugs. Net profit for the fourth quarter came in at
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Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska, on May 3, 2024. David A. Grogan Warren Buffett’s Berkshire Hathaway once again scooped up shares of Sirius XM, boosting its stake in the satellite radio company to more than 35%. The Omaha, Nebraska-based conglomerate purchased roughly 2.3 million
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Shana Novak | Stone | Getty Images President Donald Trump‘s steep tariffs on Canada, Mexico and China could worsen ex­ist­ing drug shortages in the U.S., raise health-care costs for patients and threaten cash-strapped generic drugmakers, some drug trade groups warn. Trump on Saturday announced he would impose a 25% tariff on nearly all goods shipped
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Fabrice Coffrini | Afp | Getty Images Switzerland’s largest lender UBS on Tuesday posted a fourth-quarter net profit beat against a company consensus estimate amid investment banking gains, as it launched an up to $3 billion share buyback across 2025. The bank reported net profit attributable to shareholders of $770 million, compared with a $483
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Republican presidential nominee former President Donald Trump, left, listens as investor Scott Bessent speaks on the economy in Asheville, N.C., Wednesday, Aug. 14, 2024. Matt Kelley | AP President Donald Trump has made Treasury Secretary Scott Bessent the acting director of the Consumer Financial Protection Bureau after firing former head Rohit Chopra over the weekend.
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Eaton on Friday delivered mixed fourth-quarter results Friday, but the electrical components and power systems company made clear that its fast-growing data center business isn’t slowing down despite the emergence of Chinese startup DeepSeek and its more efficient AI models. Revenue in the three months ended Dec. 31 increased 4.6% year over year, to $6.24 billion,
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The tech-driven Nasdaq 100 may be undergoing a historic shift as it turns 40 this week. According to Strategas Securities’ Todd Sohn, cryptocurrency companies could fuel the next wave of gains. “Bitcoin is to crypto as the QQQ … is to technology type stocks,” the firm’s exchange-traded fund and technical strategist told CNBC’s “ETF Edge” this week. “Bitcoin is
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Intel issued disappointing quarterly guidance on Thursday, but reported earnings and revenue that topped estimates. Shares were up 3% after hours. Here’s how the company did in the fourth quarter compared with LSEG estimates: Earnings per share: 13 cents adjusted vs. 12 cents expected Revenue: $14.26 billion vs. $13.81 billion expected Intel’s revenue declined for
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Deutsche Bank offices in the City of London on July 2, 2024, in London, U.K.  Mike Kemp | In Pictures | Getty Images Germany’s largest lender Deutsche Bank on Thursday reported weaker-than-expected profit that fell sharply in the last three months of 2024, as legal provisions weighed on the bottom line. Net profit attributable to
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