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Warren Buffett has stepped down as Berkshire Hathaway chairman, with Howard Buffett succeeding him while Greg Abel remains CEO.
S&P 500 market breadth has fallen to a five-month low, with only 42% of constituents above their 50-day moving averages despite the index remaining near record highs.
Qualcomm shares jumped after the chipmaker secured a multi-generation Amazon AI infrastructure deal potentially tied to as much as $60 billion in business.
Lululemon has fallen nearly 59% since Michael Burry first disclosed his position, but the investor says he plans to aggressively buy shares below $100.
Investors are piling into hair-loss drug developers as Veradermics shares surge and analysts see multibillion-dollar sales potential for Cosmo's treatment.
Michael Burry added Nvidia call options as a hedge while increasing short positions in Oracle, Palantir, Caterpillar, and Nebius.
Caterpillar has dropped about 22% since Michael Burry disclosed his short position on June 30, validating one of his highest-profile bearish bets.
Moderna shares surged after positive Phase 3 results for the first successful mRNA cancer therapy, adding more than $50 billion in market value.
Nasdaq will introduce an overnight trading session on December 6 and is seeking approval to eventually offer trading for up to 23 hours a day.
Nvidia disclosed ownership of 122.8 million SpaceX Class A shares worth approximately $21 billion, making SpaceX one of its largest equity investments.
MSCI is considering new rules that could remove Strategy, Metaplanet, and other non-operating companies from its global equity indexes.
Reddit shares jumped 11% after S&P Dow Jones Indices announced the company will join the S&P 500 on August 18.