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Check out the companies making headlines in midday trading. Overstock.com — Shares jumped 17.3% on news the e-commerce company won the auction for Bed Bath & Beyond’s digital assets and intellectual property, which includes the brand name. Spirit AeroSystems — Shares of the Boeing supplier dropped 9.4% after the company halted production in its Wichita, Kansas, factory following an announcement that workers will strike, starting Saturday. Boeing‘s stock also fell 3.1%. Spirit AeroSystems makes fuselages for Boeing’s …

Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles as he plays bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Nebraska, May 5, 2019. Nati Harnik | AP Warren Buffett has made another annual donation to five foundations, boosting his total charitable giving to more than $50 billion — significantly higher than his entire net worth in 2006 when he first scheduled the grants. The 92-year-old legendary investor said Thursday he has converted over …

The Securities and Exchange Commission fined the broker-dealer subsidiary of JPMorgan Chase $4 million for accidentally deleting about 47 million emails from early 2018, according to an administrative order Thursday. Some of those deleted emails were sought by subpoenas in at least a dozen regulatory investigations, but could no longer be retrieved, the SEC order against J.P. Morgan Securities LLC noted. Others “could relate to potential future investigations, legal matters and regulatory inquiries,” the order …

By The Equities Team A weekly five-point roundup of critical events in fintech, the future of finance and the next wave of banking industry transformation. The Bitcoin ETF Might Finally, Actually Happen What happened: Long a hope of both institutions looking to profit from crypto and individuals looking to justify their bet on a new kind of financial tool, the Bitcoin ETF has gone from long shot to real possibility thanks to the backing of …

Money can’t buy you happiness, but can $230 billion buy you a TKO?  Elon Musk is apparently ready to find out, with the world’s richest man having challenged Mark Zuckerberg to a “cage match” — an offer that the martial arts-loving Facebook co-founder quickly agreed to.  “This is real bad blood. This is a beef that has lasted over years,” Wedbush Securities analyst Dan Ives tells CNBC Make It. “It’s gotten more and more nasty. …

Images By Tang Ming Tung | Digitalvision | Getty Images Workers saw their buying power grow in May for the first time in two years, as inflation continues to fall from its pandemic-era peak. If the trend continues, it’d be welcome news for households, who could lean more on their paychecks instead of their savings or credit cards to support everyday spending, economists said. “Real” hourly earnings increased by 0.2%, on average, this May versus …

There are many ways for everyday investors to make a real impact on issues like climate change, gun violence, and racial and economic justice. As a partner at Values Added Financial, which manages $150 million of investable wealth for about 80 households, I advise people on how to use their money to do right by their community, while still meeting their long-term goals.  You might have heard of Environmental, Social and Governance (ESG) funds, which …

A Tesla car dealership is seen on May 31, 2023 in Austin, Texas. Brandon Bell | Getty Images Check out the companies making the biggest moves in premarket trading: Tesla – Shares dropped more than 3% before the bell after Morgan Stanley downgraded the electric vehicle maker to equal weight, citing its steep valuation following the recent AI-fueled rally. Darden Restaurants — The company behind Olive Garden and other restaurant chains slid nearly 4% in …

Super-genius Albert Einstein called it “the eighth wonder of the world”… Legendary investor Warren Buffett attributes his $116 billion fortune to this force… And it’s how investors from all over the world have turned small stakes into millions of dollars… I’m talking about “compounding.” But not in the way you’re probably thinking. Most of us learned about the power of “compound interest” in school. $10,000 compounded at 5% per year grows to $16,289 in 10 years… …