Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
Berkshire Hathaway revealed Wednesday that it increased its Apple holdings by 23.3 percent to 165.3 million shares, according to SEC filings, and dumped about 94.5 percent of its IBM holdings, leaving just 2.05 million shares.
In November, Berkshire reported that it cut its IBM stake by 32 percent, and upped its Apple stake. Before Wednesday's revelation, Berkshire was already the fourth-largest Apple shareholder, according to FactSet.
"IBM is a big strong company, but they've got big strong competitors too," Buffett told CNBC last year.
Still, Berkshire's latest announcement comes at an interesting time for both Apple and IBM.
Rivals in the 1980s, IBM and Apple have taken very different paths over the years: IBM has struggled with trends in enterprise technology, while Apple has become a dominant force in consumer electronics.
But Big Blue revenue grew in January for the first time in 23 quarters, perhaps a sign that the company's pivot to analytics, cloud, mobile and security has taken hold. Wall Street-darling Apple, meanwhile, has faced an unusual level of criticism, amid product issues like production delays, security patches and battery replacements.
IBM told CNBC that it doesn't comment on specific shareholders, but the company is "very focused on delivering shareholder value."
"That's why we have shifted our investment strategy to drive leadership in the key, high-value segments valued by our clients, including Cloud, AI, security, blockchain and quantum technologies," IBM said.