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Apple shares hit all-time high after Buffett raises stake

Apple shares hit all-time high after Buffett raises stake

Technology
Apple shares have hit an all-time high on news that legendary investor Warren Buffett now has a roughly 5% stake in the tech giant.Shares in Apple, already the world's most valuable company, rose by almost 4% on Friday to more than $ 183.7 each.Mr Buffett said his Berkshire Hathaway group bought about 75 million more shares of the iPhone maker in the first three months of the year.His investment moves are closely watched across the world.Mr Buffett's company has been buying up shares in Apple since 2016. Berkshire Hathaway claimed a nearly 3.3% stake, or more than 166 million shares, at the end of last year. At the time, the holding, one of Berkshire's biggest stock market gambits, was worth more than $ 28bn. Now, after the additional share purchases and an 8% rise in price since the start...
Spotify shares dip on first day of trading

Spotify shares dip on first day of trading

Business
Shares in Spotify fell back on the first day of trading on the US stock market after the music streaming firm's highly anticipated launch.The shares opened at $ 165.90 (£118) - more than a quarter higher than the $ 132 guide price set by the New York Stock Exchange on Monday.After going as high as $ 169, they lost ground to close at $ 149.01. That makes the Swedish company worth about $ 26bn - well above the value of other tech firms such as Twitter.Spotify used an unconventional process to go public: instead of issuing new shares, early investors sold their existing holdings.That move gave the firm's early backers a chance to cash in on its growth.Traders huddled on the floor of the New York Stock Exchange on Tuesday morning, gauging interest from buyers and sellers to determine the openi
Jessie James Decker shares photo of newborn son

Jessie James Decker shares photo of newborn son

Entertainment
April 2 (UPI) -- Singer Jessie James Decker on Monday shared an Instagram photo of herself cuddling her newborn son in a hospital bed."Forrest Bradley Decker born March 31st weighing 9lbs. We are so in love," Decker captioned the image.Decker and her husband, professional football player Eric Decker, have been married since 2013. They also are the parents of 4-year-old Vivianne and 2 1/2-year-old Eric Jr.Let's block ads! (Why?) Entertainment News - UPI.com
Facebook shares slip as scrutiny continues

Facebook shares slip as scrutiny continues

Business
Facebook shares continued to slide on Tuesday, amid ongoing furore concerning the use of data collected by the social network.The firm's stock closed down 2.6%, following a steep decline a day earlier.The concerns infected fellow social media company Twitter, which was down more than 10%.Investors are reacting to calls for tighter regulation of tech firms from politicians in the US, UK and Europe.On Tuesday, US media reported that the Federal Trade Commission, a US regulator, is looking into Facebook's handling of personal data.The questions follow allegations that 50 million Facebook users' private information was misused by a political consultancy firm.Cambridge Analytica (CA), used by the Trump campaign in the 2016 US election, has been accused of taking personal data without users' kn...