Warren Buffett’s Berkshire Hathaway trimmed its bet on Activision Blizzard in late 2022, as the video game maker’s agreed takeover by Microsoft came under regulatory scrutiny. The sales by the sprawling industrials-to-insurance conglomerate reduced its stake by roughly $435mn to $4bn, filings with the US Securities and Exchange Commission showed on Tuesday. Read More...
Reuters
U.S. bank CEOs see economic pessimism lifting, but focus on costs, jobs
(Reuters) -Companies and households are feeling better about the economy despite recession predictions, the heads of top U.S. banks said on Tuesday, although elevated economic uncertainty means lenders are tightly controlling costs. Goldman Sachs Group Inc’s chief executive officer, David Solomon, said sentiment among business leaders has improved. At a separate event, Bank of America’s CEO reiterated what he has been saying for months – that consumer spending remains robust and is underpinning the economy.
