What to watch in the markets: Tuesday, August 27th
In this article:
Yahoo Finance’s Myles Udland gives us a lookahead at what will be making headlines on Tuesday.
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Steward Health Care to File for Bankruptcy as Soon as Sunday
Steward Health Care System, the largest U.S. physician-owned hospital operator, is planning to file for chapter 11 protection as soon as Sunday, people familiar with the matter said, marking one of the biggest hospital bankruptcies in decades.
The Wall Street Journal$3 trillion could be injected into the U.S. economy without any federal spending by tweaking this corner of the mortgage market, ‘Oracle of Wall Street’ says
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FortuneWarren Buffett Bought $9.2 Billion of This Stock Last Year, and He Could Buy Even More in 2024
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Motley FoolPalantir Earnings Day Is Here. The Focus Is On AI.
Palantir shares have surged 36% this year—and more than 200% over the last 12 months—as the data analytics software company gains traction with its artificial intelligence applications, in particular with U.S. commercial customers. Investors will get fresh insights on how Palantir’s AI push is going when the company reports first-quarter financial results after the close of trading on Monday. Palantir’s fourth-quarter results were impressive, driven by strength in the company’s U.S. commercial business, which were, as CEO Alex Karp put it in an interview with Barron’s three months ago, “bombastic, baller, incomprehensibly good.”
Barrons.comBerkshire's profit plunges 64% on portfolio holdings as Buffett sells Apple
Berkshire Hathaway's first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well. The figures were heavily influenced by a large drop in the paper value of Berkshire’s investments. Buffett encourages investors to pay more attention to the conglomerate’s operating earnings that exclude the investment figures.
Associated Press Finance1 Wall Street Analyst Thinks Nvidia Stock Will Plunge 28%. Is He Right?
Nvidia's momentum might not keep going for too much longer.
Motley FoolU.S. Money Supply Is Doing Something So Rare That It Hasn't Happened Since the Great Depression -- and a Big Move in Stocks May Follow
M2 money supply hasn't done this in nine decades.
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Motley FoolTesla Has a New Model. It Should Boost Sales.
Tesla has adjusted its model lineup in a bid to boost sales of its most popular vehicle. The new version is more attractive than the old—and looks like a good deal—while tax credits continue to skew value in the U.S. electric vehicle market. Over the weekend, Tesla added a long-range rear-wheel drive Model Y to its website that gets about 320 miles of range per charge.
Barrons.comThese Stocks Are Moving the Most Today
Apple stock falls after gaining 6% on Friday, first-quarter operating profit at Warren Buffett’s Berkshire Hathaway jumps 39%, and Perficient is being acquired by Sweden’s EQT for about $3 billion. Palantir reports earnings after the closing bell Monday.
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