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The Marked Chart Wire · Business
Fireworks
Dave Wehner, Meta's former CFO, is moving to Fireworks to lead its financial operations. Fireworks is reportedly seeking new funding at a valuation between $30 billion and $40 billion.
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Meta
Meta Platforms has launched a new share class that does not carry voting rights.
Meta Financing
The company sold five debt instruments with rates ranging from 5.85% to 7.50% and maturities through 2056. Underwriters bought an extra 6 million shares, bringing the total forward-sale agreement to 46 million units.
Berkshire Hathaway
Berkshire Hathaway reported a 5.8 percent drop in operating earnings to $12.7 billion, driven by weaker insurance results. The company's cash reserves reached a record $377.4 billion, while share buybacks increased to $9.6 billion.
Berkshire Earnings
Berkshire Hathaway reported lower third-quarter earnings due to underwriting losses and reduced investment income. The company simultaneously increased its share repurchase program.
Berkshire Hathaway
Berkshire Hathaway doubled its stock buyback program while earnings declined. Apple, Amazon, and Microsoft remained resilient despite broader market weakness.
HotMarvell
Marvell Technology stock dropped 28.1 percent this week as investors reacted negatively to the company's latest acquisition deal.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.