Stock futures inch higher Sunday after weaker-than-expected jobs report left investors looking up: Live updates
2 Hours Ago
Berkshire Hathaway cut Paramount exposure entirely
Warren Buffett revealed that he dumped Berkshire Hathaway’s entire Paramount stake at a loss.
“I was 100% responsible for the Paramount decision,” Buffett said at Berkshire’s annual shareholder meeting on Saturday. “We’ve sold it all and we lost quite a bit of money.”
The Omaha-based conglomerate first bought a nonvoting stake in Paramount’s class B shares in the first quarter of 2022. Since then the media company has had a tough ride, experiencing a dividend cut, earnings miss and a CEO exit. The stock is down nearly 24% in 2024.
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— Hakyung Kim, Yun Li
3 Hours Ago
Stock futures slightly higher Sunday night
U.S. stock futures were in the green Sunday evening.
Dow Jones Industrial Average futures rose 55 points, or 0.1%. S&P 500 and Nasdaq-100 futures added 0.2% each.
— Hakyung Kim
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