Money markets, CDs as next target for ETFs

There may be an untapped market for exchange-traded funds. According to Calamos investments’ Matt Kaufman, there are trillions of dollars across CD and money market accounts, and it is a market ETFs should look to capture. “That’s larger than almost the ETF space itself,” the firm’s head of ETFs told CNBC’s “ETF Edge” earlier this … Read more

Warren Buffett’s Berkshire sells 100 million Apple shares

Warren Buffett’s company reported a steep drop in earnings Saturday because the paper value of its investments fell, but the tens of thousands of shareholders filling an Omaha arena to hear Buffett answer questions at the annual meeting later can take heart that Berkshire Hathaway’s many businesses performed well. Berkshire reported a $12.7 billion profit, or $8.825 … Read more

Berkshire Hathaway’s cash pile hits new record as Buffett dumps stocks

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Berkshire Hathaway’s cash pile swelled to a record $189bn in the first quarter of 2024 as Warren Buffett’s sprawling conglomerate continued to dump stocks. The figure underscores the difficulty the billionaire investor and his team … Read more

Hamas negotiators arrive in Cairo for Gaza truce talks; CIA chief also present By Reuters

By Nidal al-Mughrabi and Ahmed Mohamed Hassan CAIRO (Reuters) -Hamas negotiators arrived in Cairo on Saturday for intensified talks on a possible Gaza truce that would see the return to Israel of some hostages, a Hamas official told Reuters, with the CIA director already present for the indirect diplomacy. Egypt’s state-affiliated Al-Qahera News TV channel … Read more

Exploring How Virtual Reality is Changing Startups

Opinions expressed by Entrepreneur contributors are their own. Today, startups face the daunting task of capturing prospective clients’ attention. Traditional marketing approaches sometimes fall short when it comes to captivating consumers and making a lasting impression on brands. However, virtual reality (VR) technology has just emerged, providing companies with a potent weapon that may transform … Read more

How generative AI is clouding the future of Google search

To preserve the usefulness of its rankings as early adopters defect to ChatGPT, Bing, and Perplexity, Google just completed rolling out the largest algorithm update in the company’s history. But search marketing experts and business owners say spam is still commanding top-ranking positions, calling into question Google’s ability to deliver the best search results in … Read more

Russian drones injure 6 in Ukraine’s Kharkiv, Dnipro regions

Kharkiv, northeastern Ukraine.  Future Publishing | Future Publishing | Getty Images Russia launched an overnight drone attack on Ukraine’s Kharkiv and Dnipro regions, injuring at least six people and hitting critical infrastructure, commercial and residential buildings, regional officials said on Saturday. The Ukrainian Air Force said the Russian forces launched 13 Shahed drones targeting the … Read more

Lack of supervision at psychiatric facility led to sexual assaults and a patient’s escape to a pond: report

Safety lapses at the Oregon State Hospital contributed to recent patient-on-patient assaults, a federal report on the state’s most secure inpatient psychiatric facility has found. The investigation by the Centers for Medicare and Medicaid Services found that staff didn’t always adequately supervise their patients and that the hospital didn’t fully investigate acts of aggression, Oregon Public … Read more