NYT: Aerosmith Retires From Touring, Citing Steven Tylerâs Vocal Injury
Last year, the bandâs frontman, Steven Tyler, suffered a vocal injury during a show, and the farewell tour was postponed. The band announced its retirement on Friday, saying a full recovery was not possible.
NYT: Billy Joel Brings Madison Square Garden Residency to an End
The singer and songwriter, 75, wrapped his decade-long residency at Madison Square Garden on Thursday night. Up next? A new era in his live career.
PBS News: Unemployment rise shakes stock markets, yet recession signals have been wrong â so far
A surprising rise in the U.S. unemployment rate last month has rattled financial markets and set off new worries about the threat of a recession â but it could also prove to be a false alarm.
Fridayâs jobs report, which also showed hiring slowed last month, coincides with other signs the economy is cooling amid high prices and elevated interest rates. A survey of manufacturing firms showed activity weakened noticeably in July. Hurricane Beryl, however, hit Texas during the same week the government compiles its job data and could have held back job gains.
9to5Mac: Warren Buffett sells nearly half of Berkshireâs stake in Apple
According to filings published today, Warren Buffett’s Berkshire Hathaway sold nearly 50% of its stake in Apple during the second quarter of 2024, after the firm already trimmed their stake by around 13% in the first quarter. Berkshire Hathaway has been rapidly building up its cash reserves in recent months, trimming positions in some of its major holdings.
When Berkshire Hathaway initially sold 13% of its stake in Apple in Q1 of 2024, they suggested that the move was primarily for tax purposes on an earnings call. Warren Buffett also reassured investors that Apple would remain their biggest holding, unless “something dramatic happens that really changes capital allocation”. They also trimmed their position by around 1% in Q4 of 2023.
However, this much larger sell seems to suggest some form of uncertainty around Apple and the overall market. Berkshire Hathaway’s cash reserves have now reached a total of $277 billion, up $88 billion from the previous quarter. At one point, Berkshire Hathaway’s stake in AAPL was around half of its entire portfolio.
Wealth of Geeks: I Bought a 2024 Tesla EV â Here’s 14 Things They Don’t Tell You
Before you think I’m some early adopter with extra funds to blow, let me share that my husband and I are an average, two-income American couple with two toddler boys and another on the way. We value practicality and affordability because we, too, feel the pressure of inflation. We also like to have fun when we can and aren’t afraid to try out the latest and greatest technology.
A Tesla Model Y starts at $39,000 US.
Last Updated: 03.Aug.2024 16:11 EDT
