By Carolina Mandl (Reuters) -Big investment firms including Macquarie, Fidelity, Tiger Global and Coatue were among the largest buyers of U.S. listed shares of Taiwanese contract chipmaker TSMC in the first quarter, while Warren Buffett’s Berkshire Hathaway sold its remaining stake in the company, according to regulatory filings. Berkshire said in February it had reduced…
By Laura Sanicola and Arathy Somasekhar -Shares of gas pipeline operator ONEOK Inc fell about 9% on Monday on questions about potential synergies from its deal to acquire oil pipeline operator Magellan Midstream Partners. ONEOK on Sunday said it would pay $18.8 billion in cash and stock for Magellan to diversify its natural gas and…
WASHINGTON (Reuters) – A debt limit meeting between U.S. President Joe Biden and top lawmakers including Republican House of Representatives Speaker Kevin McCarthy has been scheduled for 3 p.m. ET (1900 GMT) on Tuesday, a senior administration official said. The meeting was previously scheduled for last Friday, but was postponed. Aides from both sides have…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Foreign buying of U.S. Treasuries in March rose to its highest level in more than two years, data from the Treasury Department showed on Monday, as investors snapped safe-haven government debt in the wake of banking stress during the month. Holdings of U.S. Treasuries rose to $7.573 trillion…
(Reuters) -Billionaire investor William Ackman has built in the first quarter a new stake in Alphabet worth $1.1 billion, according to a regulatory filing on Monday. According to the filing, Ackman’s hedge fund Pershing Square Capital Management owned 8.1 million class C shares and 2.2 million shares class A of Alphabet at the end…
By Jonathan Stempel (Reuters) -Berkshire Hathaway Inc on Monday disclosed it has begun investing in Capital One Financial Corp while exiting investments in four other stocks, as the company run by Warren Buffett cut back its exposure to equities. Buffett’s company made its disclosures in a regulatory filing listing its U.S.-traded stocks as of March…
By Nandita Bose WASHINGTON (Reuters) -The White House on Monday released financial disclosure reports for President Joe Biden showing the president’s personal finances in 2022 changed little from the prior year, even though his book royalties fell. Biden earned between $2,500 and $5,000 in book royalties in 2022, down sharply from $30,000 a year earlier….
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A barrage of Chinese economic data on Tuesday will give investors a clearer picture of whether their growing fears over the health of Asia’s largest economy lately are justified. If the April snapshots of retail sales, urban investment…
By Rich McKay (Reuters) – Florida Governor Ron DeSantis signed a bill on Monday banning tax dollars from being used in state colleges for diversity, equity and inclusion programs (DEI) in a sweeping measure that also places restrictions on classroom discussion of race. While DEI programs are meant to assist in building racial, social and…
By David Randall NEW YORK (Reuters) – Prominent hedge funds including Arrowstreet Capital LLC, D1 Capital Partners and Coatue Management LLC were among the investors that bought shares of Meta Platforms Inc in the first quarter of the year, amid an eye-popping rebound in the Facebook-parent’s stock. Meta Platforms, which suffered the worst decline among…
