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

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46 Mins 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.

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— Hakyung Kim, Yun Li

An Hour 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