Stock futures inch higher Sunday after weaker-than-expected jobs report left

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An Hour Ago

Berkshire Hathaway cut Paramount exposure entirely

Warren Buffett revealed that he dumped Berkshire Hathaway’s entire Paramount stake at a loss.

“I was 100% responsible for the Paramount decision,” Buffett said at Berkshire’s annual shareholder meeting on Saturday. “We’ve sold it all and we lost quite a bit of money.”

The Omaha-based conglomerate first bought a nonvoting stake in Paramount’s class B shares in the first quarter of 2022. Since then the media company has had a tough ride, experiencing a dividend cut, earnings miss and a CEO exit. The stock is down nearly 24% in 2024.

CNBC Pro subscribers can read the full story here.

— Hakyung Kim, Yun Li

2 Hours Ago

Stock futures slightly higher Sunday night

U.S. stock futures were in the green Sunday evening.

Dow Jones Industrial Average futures rose 55 points, or 0.1%. S&P 500 and Nasdaq-100 futures added 0.2% each.

— Hakyung Kim



This article was originally published by a www.cnbc.com

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