Author: arthursheikin@gmail.com

[ad_1] Jacklyn Gise Bezos, the mother of Amazon founder and executive chairman Jeff Bezos, died on Thursday. She was 78.Bezos shared the news in a touching tribute on Instagram.”After a long fight with Lewy Body Dementia, she passed away today, surrounded by so many of us who loved her — her kids, grandkids, and my dad,” he wrote of his mom, who was diagnosed in 2020. “I know she felt our love in those final moments. We were also lucky to be in her life. I hold her safe in my heart forever.”Bezos’ mom, whom he’s called his role model…

[ad_1] Hedge fund manager Michael Burry, who shot to fame by calling the subprime mortgage crisis, piled into shares and call options of the beaten-down UnitedHealth , a stock that Warren Buffett ‘s Berkshire Hathaway also purchased. Burry’s Scion Asset Management owned call contracts against 350,000 shares of UnitedHealth at the end of June, with unknown value, strike price or expiry, according to the filing. The notional value of the shares involved was more than $109 million at the end of the second quarter. Investors profit from calls when the underlying securities rise in price, but it’s not known if Burry still holds…

[ad_1] In recent years, many brands have cut down on the number of smaller screen sizes in their flagship TV lineups. This is especially true if you’re shopping for a 40-, 42-, or 43-inch TV. But while there aren’t as many options as there used to be, you can still find some great models if you know what to look for. With that in mind, I’ve used my expertise to select the best 43-inch TVs available.My picks are informed by more than a decade of experience reviewing home entertainment products, and I’ve included models for different needs. At this screen…

[ad_1] Appaloosa Management’s David Tepper on Thursday disclosed a new position in Intel , amid news reports that the Trump administration is considering a stake in the U.S. chipmaker. He also built a strong stake in beaten-down insurer UnitedHealth Group . The hedge fund billionaire built a sizable Intel stake of $179.2 million in Intel at the end of the second quarter, according to its latest regulatory filings. The disclosure comes after Bloomberg, citing sources familiar, said the U.S. government will potentially claim a stake in the chipmaker and support its efforts to expand domestic manufacturing. On Thursday, Intel shares…

[ad_1] You have to teach people how to treat you.Meta’s chief AI scientist, Yann LeCun, thinks that idea applies to AI, too.LeCun said on Thursday that two directives could be made of AI to protect humans from future harm: “submission to humans” and “empathy.”He made the suggestion in response to a CNN interview with Geoffrey Hinton, considered the “godfather of AI,” on Thursday on LinkedIn. In the interview, Hinton said we need to build “maternal instincts” or something similar into AI.Otherwise, humans are “going to be history.”Hinton said people have been focused on making AI “more intelligent, but intelligence is…

[ad_1] The Trump administration continues to meddle with semiconductor giant Intel. The U.S. government is reportedly in discussions to take a stake in Intel, according to reporting from Bloomberg. This deal would be structured to help the company expand its U.S. manufacturing efforts, including its much-delayed Ohio chip factory. This news comes less than a week after President Donald Trump insisted that Intel CEO Lip-Bu Tan resign because of perceived conflicts of interest. While Trump didn’t provide a reason, this came after Republican U.S. Sen. Tom Cotton wrote to Intel’s board asking about Tan’s alleged ties to China. Tan met…

[ad_1] Market Basket’s long history of company drama has hit a new boiling point.A Massachusetts judge on Thursday sided with the family-owned New England cult favorite grocery chain after it sought a temporary restraining order against two ousted executives, who it says are “lieutenants” for the suspended CEO Arthur T. Demoulas.An order by a Middlesex Superior Court judge now bars Market Basket’s former director of operations, Joseph Schmidt, and the chain’s former store and grocery director, Tom Gordon, from the company’s 90 stores and property.The Demoulas family founded the grocery store chain, which has been engulfed in family disputes and…

[ad_1] Daniel Sundheim’s D1 Capital has opened new positions in a major homebuilder and some industrial stocks during the second quarter. According to securities filings, the hedge fund added a position in D.R. Horton valued at $198.5 million. The fund also took up positions in key industrial stocks like Flowserve and Louisiana-Pacific worth $88.3 million and $155.8 million, respectively. Additionally, D1 began a position in global life sciences and diagnostics conglomerate Danaher worth $32.1 million. Sundheim’s move comes as U.S. homebuilders have been cutting prices at the highest rate in three years as they continue to face a weakening in…

[ad_1] Philippe Laffont’s Coatue Management unveiled a new position in Oracle, and doubled down on key artificial intelligence beneficiaries Nvidia and Microsoft, as the tech rally came back with a fury in the second quarter. Fund founder Laffont — known as one of the “Tiger Cub” fund managers that worked under the late investor Julian Robertson — disclosed a stake in enterprise software company Oracle that amounts to a more than $843.3 million holding for the three months ending June, according to the firm’s latest regulatory filing. Oracle outperformed in the second quarter, surging more than 56% on the strength…

[ad_1] Baupost Group’s Seth Klarman picked up several beaten-down stocks last quarter, while increasing its big stake in Google parent Alphabet to take advantage of the rebound in technology. The widely followed hedge fund manager took a new, $154 million stake in fintech services provider Fiserv , according to the latest regulatory filing. Fiserv recently nosedived after cutting its forecast for annual revenue growth, bringing the stock’s six-month loss to 42%. Baupost also added a $51 million bet on packaging firm Amcor Plc and a $24 million stake in Brazilian payments company PagSeguro Digital in the second quarter. The Boston-based…