News
U. S. confirms second Texas screwworm case, Canada restricts livestock imports
10+ hour, 10+ min ago (281+ words) The U. S. Department of Agriculture confirmed a second case of New World screwworm, a flesh-eating parasite, in Texas. The latest detection was found in a one-month-old calf in Zavala County, Texas, roughly 5. 6 miles from the first confirmed case announced earlier this…...
Family offices flock to private markets with allocations surging over 500% in nearly a decade
9+ mon, 3+ week ago (394+ words) As the world's rich have gotten richer, their investment firms have doubled down on private assets such as direct lending and data centers. The number of family offices with allocations to private markets has surged by 524% since 2016, rising from 651 to…...
TSMC shares jump to record high as Taiwan eases single-stock investment caps for funds
1+ mon, 1+ week ago (222+ words) Shares in Taiwan Semiconductor Manufacturing Co. surged 5% to a fresh all-time high on Friday after the island's regulator said it plans to loosen limits on funds' allocations to single stocks. Under the revised framework, domestic equity funds and actively managed…...
Bitcoin is cratering, but a new Wall Street crypto hype is on the rise
15+ hour, 12+ min ago (608+ words) In one very small, and at least to date obscure, corner of the crypto market, investors are rushing in rather than heading for the exits. So-called HYPE exchange-traded funds are taking in new assets from investors at a time when…...
How "Backrooms" producer Peter Chernin thinks Hollywood needs to change
15+ hour, 41+ min ago (676+ words) Over the past week, one conversation has dominated Hollywood executive lunches and studio staff meetings: What's the next "Backrooms"? The industry is scrambling to figure out how to replicate the phenomenon of "Obsession" and "Backrooms," low-budget psychological horror films directed…...
Senate overturns Boundary Waters protections, a boon for Chilean mining company
1+ mon, 2+ week ago (609+ words) The Senate on Thursday overturned a mining moratorium in Minnesota's Superior National Forest, a boon for a Chilean mining company subsidiary and a stinging loss for environmentalists trying to protect the Boundary Waters Canoe Area Wilderness. The mine sought by…...
Abel goes his own way with new Berkshire investments, including billions for AI
16+ hour, 10+ min ago (1027+ words) Warren Buffett tells CNBC's Becky Quick new Berkshire Hathaway CEO Greg Abel has "launched" with'his first major deal, the $6. 8 billion acquisition of'Taylor Morrison Home, a'residential homebuilder and developer'with operations in 12 states. On Monday's "Squawk Box,"'Becky quoted Buffett'from a phone…...
We're taking solid profits in one big tech stock and buying more of another
3+ mon, 3+ week ago (32+ words) We're making two trades Tuesday. We're selling 100 shares of Cisco Systems at roughly $87 each, decreasing its weighting in Jim Cramer's Charitable Trust to about 2% from about 2. 18%, and decreasing. .....
'Revenge savings' can boost your bottom line, experts say " here's how to get started
10+ mon, 4+ week ago (778+ words) Americans are saving more money " and for some, the change in habit comes down to how they feel about the economy. More than 4 out of 10 Americans, or 44%, say they've engaged in so-called vibe-based budgeting, according to a new survey by…...
'CAR' crash: Avis Budget stock plunge reminding some on Wall Street of Game Stop
1+ mon, 1+ week ago (221+ words) There's a 'CAR' crash on Wall Street and it's reminding some traders of Game Stop. Shares of Avis Budget Group, ticker 'CAR,' soared from under $100 last month to a record high near $850 in early. .. There's a 'CAR' crash on Wall…...