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Financial News Around the World

Warren Buffett’s Berkshire Hathaway continues to sell HP shares, reducing stake to 5.2%

Berkshire still owns 51.5 million shares of HP. The position is worth about $1.6 billion based on Monday’s close of $30.37.

Published 11 December 2023
Categorised as Finance News

Here’s how advisors are using Roth conversions to reduce taxes for inherited IRAs

Roth individual retirement account conversions have become more attractive for legacy planning, experts say. Here’s what retirees and their heirs need to know.

Published 11 December 2023
Categorised as Finance News

Stocks making the biggest moves midday: Macy’s, Cigna Group, Eli Lilly, Paramount and more

These are the stocks posting the largest moves in midday trading.

Published 11 December 2023
Categorised as Finance News

Citi sees a big year for stocks in 2024 with S&P 500 finishing at 5,100

Citi set a year-end target of 5,100 for the S&P 500 and advocated for a shift away from mega-cap stocks to play to the broadening of the market rally.

Published 11 December 2023
Categorised as Finance News

Regulators caught Wells Fargo, other banks in probe over mortgage pricing discrimination

Wells Fargo, until recently the biggest player in U.S. mortgages, has repeatedly felt regulators’ wrath over missteps involving home loans.

Published 11 December 2023
Categorised as Finance News

This is the biggest year-end tax issue for high-net-worth clients, advisor says

Several key provisions from the Tax Cuts and Jobs Act are slated to expire after 2025. Here’s what one provision means for high-net-worth investors.

Published 11 December 2023
Categorised as Finance News

Spanish economist picked to lead the EU’s massive lending unit lays out her priorities

Nadia Calviño, newly-appointed head of the European Investment Bank, on speeding up procedures, increasing MDB collaboration, and AI regulation.

Published 11 December 2023
Categorised as Finance News

Stocks making the biggest moves premarket: Cigna, Macy’s, Snap and more

These are the stocks posting the largest moves in premarket trading.

Published 11 December 2023
Categorised as Finance News

‘Somebody has it wrong’ on U.S. recession risks as oil, gold and Treasurys diverge, fund manager says

Falling oil prices and rising gold prices indicate growing recessionary fears — but 10-year Treasury yields jumped on Friday amid hopes of a soft landing.

Published 11 December 2023
Categorised as Finance News

SumUp, a rival to Jack Dorsey’s Block, defies fintech funding slump with $307 million cash injection

Payments startup SumUp, known for its tiny card readers, announced it has raised $306.6 million in a round valuing the company north of $8.6 billion.

Published 11 December 2023
Categorised as Finance News

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