Here are one of the most essential story that capitalists require to begin their trading day:
1. Back to rally
We remain in document area once again. All 3 significant indexes struck brand-new highs Wednesday and included in their solid 2024 efficiencies. The wide market S&P 500 index gained 1.17%, breaking above 5,300 for the first time, to end at 5,308.15. The tech-heavy Nasdaq Composite, meanwhile, rose 1.40% while the Dow Jones Industrial Average gained 349.89 points, or 0.88%. Stocks got a boost from a lighter-than-expected consumer price index report, which lifted hopes for lower Fed rates. Follow live market updates.
2. Walmart’s wins
A Walmart Supercenter cart sits outside of the store on February 20, 2024, in Hallandale Beach, Florida.Â
Joe Raedle | Getty Images
3. The secret’s out
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, May 4, 2024.
CNBC
Berkshire Hathaway finally revealed a stock purchase it’s been keeping secret for multiple quarters. The conglomerate, which had requested confidential treatment, bought 26 million shares of Zurich-based insurer Chubb for a stake worth $6.7 billion. Shares of Chubb rose nearly 10% in premarket trading Thursday after the stake was revealed. It’s now Berkshire’s ninth biggest holding, as of the end of March. Berkshire already has a large footprint in the insurance industry.
4. Go long
The Netflix logo is displayed above its corporate offices on January 24, 2024 in Los Angeles, California.Â
Mario Tama | Getty Images
Netflix is taking its first real step into live sports. The streaming platform will show two NFL games on Christmas Day this year, and will have at least one matchup in both 2025 and 2026. Netflix didn’t disclose how much it paid for the rights to stream the games, but they could be a major draw for advertisers as it looks to boost profits by raising subscription prices and pushing users toward an ad-tier membership. The company also said Wednesday that its cheaper, ad-supported tier now has 40 million global monthly active users, nearly double the 23 million reported in January.
5. Uber roll outs
The logo of Uber is seen at a temporary showroom at the Promenade road during the World Economic Forum 2023, in the Alpine resort of Davos, Switzerland, on Jan. 20, 2023.
Arnd Wiegmann | Reuters
â CNBC’s Lisa Kailai Han, Melissa Repko, Yun Li, Ece Yildirim, Jacob Pramuk, Sarah Whitten, Alex Sherman, Lillian Rizzo and Ashley Capoot contributed to this report.
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