Business

Adelson Family to Buy Sports Team With $2 Billion Share Sale

(Bloomberg) -- Miriam Adelson, the widow of casino magnate Sheldon Adelson, is selling $2 billion of stock in Las Vegas Sands Corp. so the family can acquire a majority stake in an unidentified professional sports team.Most Read from BloombergMusk’s...

HP Enterprise’s Earnings Edge Past Estimates, Driven by AI

Hewlett Packard Enterprise posted October-quarter financial results that were largely in line with Street estimates, driven by growing strength in its high-performance-computing and AI segment, where it is finding traction in particular with customers training large language models.Continue reading...

Warren Buffett’s Right-Hand Man Charlie Munger Dies at 99

Charlie Munger, the outspoken business partner and sounding board of Berkshire Hathaway CEO Warren Buffett for more than 50 years, died at age 99 in Los Angeles, about a month before he would have turned 100 on Jan. 1,...

Why ‘Magnificent 7’ stock mania is drawing comparisons to the dot-com bubble

The market cheerleading around AI may be new, but investors pouring into high-flying tech names has run its course before. So, in other words, buyer beware.The staggering rise of the "Magnificent Seven" resembles bubbles of the past, which analysts...

CrowdStrike Earnings Report Lacks Oomph Amid Big 2023 Gains

CrowdStrike Holdings (CRWD) reported October-quarter earnings and revenue that topped analyst estimates while growth in a key metric edged by views. The cybersecurity firm's revenue outlook for CRWD stock also edged by estimates amid the cybersecurity stock's big...

Zscaler Earnings, Guidance Top Views Amid Sales, Marketing Changes

Zscaler (ZS) on Monday reported fiscal first-quarter earnings and revenue that topped Wall Street targets for ZS stock. The cybersecurity firm's guidance for Zscaler stock edged by views amid high expectations. X ...

Zscaler Stock Slides Despite Strong Earnings. Costs Could Be the Issue.

Zscaler posted better-than-expected financial results and raised its full-year guidance, but the security-software stock lost ground nevertheless on hints that management intends to boost spending.Continue reading this article with a Barron’s subscription.View Options

Dow Jones Dips As iRobot Stock Craters On This; 3 Strong Warren Buffett Stocks Are Near Entries

The Dow Jones Industrial Average fell even as e-commerce stocks like Shopify (SHOP) and Amazon.com (AMZN) gained. A trio of Warren Buffett stocks are looking strong near buy points. Tesla (TSLA) was up as the firm sued a...

Fed may need four years to recoup income loss, St. Louis Fed study says

By Michael S. DerbyNEW YORK (Reuters) - The Federal Reserve will need nearly four more years to cover a historic operating loss and start sending profits again to the U.S. Treasury, according to new research from the Federal Reserve...

Nvidia Delays Chip Launch And Competitors Are Set To Challenge Its Dominance

Last week, Nvidia Corporation (NASDAQ: NVDA) reported staggering third-quarter results. Despite its reliance on Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), Nvidia’s Data Center division drove this impressive growth, allowing the company to outshine its competitors, including TSMC, as well as Intel...

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23 Black Purses That Are Versatile & Anything But Basic

Photo: Courtesy of Reformation.At Refinery29, we’re here to help you navigate this overwhelming world of stuff. All of our...

Holiday Fashion Is Upon Us — The Style Picks R29 Editors Loved This Month

Photo: Courtesy of Ebony-Renee Baker.But any fashion-minded person knows it takes trial and error to achieve those looks. And that’s why the Refinery29 team...

A House Republican Is Threatening Jack Smith

Rep. Clay Higgins warned...

MSNBC Cancels The Medhi Hasan Show

MSNBC has canceled host Medhi Hasan’s streaming and cable network shows and will instead move him to an on-air analyst and guest...