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Billionaire investor David Tepper’s hedge fund Appaloosa Management trimmed the value of stocks it holds, to $4.04 billion as of June 30 from $5.7 billion at the end of March, the latest regulatory filings show. Meanwhile, Appaloosa added a new 2.52 million-share stake in Apple Inc. and a new 1.36 million share-stake in Alibaba Group Holding . Tepper eliminated his holdings in American Airlines Group , of which he held 4.36 million shares at the end of March, while adding a new 4.95 million share stake in JetBlue Airways . He also cut his holdings by more than half in Google Inc. to about 349,000 shares and in United Continental Holdings to 1.52 million shares.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Warren Buffett’s Berkshire Hathaway said in a regulatory filing Friday that the value of its equity holdings was $107.18 billion at the end of June, up less than 0.1% from $107.13 billion at the end of March. Over the same time, the S&P 500 slipped 0.2%. Buffett kept his largest holding, Wells Fargo & Co. , unchanged at 470.3 million shares, and his holding of Coca-Cola Co. unchanged at 400 million shares. Among Buffett’s other large holdings, his International Business Machines Corp. stake remained steady at 79.6 million shares, and his Wal-Mart Stores stake held at 60.4 million shares.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

WASHINGTON (MarketWatch) — In a statement, International Monetary Fund Managing Director Christine Lagarde says Europe needs to consider Greek debt relief “well beyond what has been considered so far.” Lagarde kept open whether the IMF would participate in further Greek aid. “We look forward to working closely with Greece and its European partners in the coming months to put in place all the elements needed for me to recommend to the Fund’s Executive Board to consider further financial support for Greece,” she said.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

U.S. stocks closed higher Friday, preserving weekly gains in a week characterized by volatile swings in response to China’s devaluation and stabilization of the yuan and speculation how this will affect the Federal Reserve’s intended rate hike this year. The Dow Jones Industrial Average closed up 69.15 points, or 0.4%, at 17,477.40, for a weekly gain of 0.6%. The S&P 500 Index finished up 8.15 points, or 0.4%, at 2,091.54, for a weekly gain of 0.7%. The Nasdaq Composite Index rose 14.68 points, or 0.3%, to end at 5,048.24, for a weekly gain of 0.1%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Apple Inc. is working on a self-driving car and could be getting close to a test drive, documents obtained by The Guardian reportedly show. Apple engineers working on the secret project communicated with officials at a secretive testing site located on a former naval base in Concord, a city in the East Bay region of the San Francisco Bay Area, according to documents obtained from a Freedom of Information Act request. The site, called GoMentum Station, is being pitched specifically as a test site for self-driving cars and has hosted such tests by Honda and Mercedes Benz. Apple has several hundred employees working on development of an electric car, according to previous reports, a notion that has excited Wall Street. Silicon Valley has taken a big interest in autonomous driving of late, so Apple would be competing with neighbors such as Google Inc. and Tesla Motors Inc. that have devoted more time to the technology.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Crude-oil futures bounced off a six-year low to end with modest gains Friday after the U.S. benchmark earlier fell to its lowest level since March 2009. Nymex West Texas Intermediate crude for September delivery rose 27 cents, or 0.6%, to settle at $42.50, after earlier trading as low as $41.35. Crude saw a weekly decline of more than 3%, pressured by concerns about demand in the wake of China’s yuan devaluation and persistent worries about a worldwide glut of crude oil.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Hedge fund Tiger Management, which manages the personal assets of founder Julian Robertson, indicated in a filing Friday that the value of its equity holdings at the end of June was $708.3 million, up 19% from the end of March. The S&P 500 slipped 0.2% over that same time. Among some of the changes made during that time: Tiger added a new 238,000-share position in Lumber Liquidators , a new 861,000-share position in DeVry Education and a 31,600-share position in GrubHub , as each of those stocks had fallen sharply from the end of March through June. The buy-on-dip strategy hasn’t worked out for Robertson yet–since the end of June, the shares of Lumber Liquidators have tumbled 32%, DeVry have lost 8.8% and GrubHub have shed 10%. Meanwhile, Tiger more than doubled its holding of Google Inc. to 56,501 shares, and the stock has climbed 27% so far this quarter, while he got rid of his 636,878-share stake in Alibaba Group Holding , before it fell another 9.2% since June 30.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

By Beth Rucker

It’s officially the Dog Days of Summer, so this week we’re celebrating our furry friends — cats included — with design-savvy, pet friendly spaces, DIY recipes and more.

While I like to use the Internet to keep up with home design trends, let’s be honest, the Internet was MADE for looking at pictures and videos of cute animals. So for today’s Photo Friday Furday, I’ve dug up photos that celebrate both: great home designs and the adorable pets who inhabit the homes. Because let’s be real, an adorable doggie or kitty makes any space better-looking, even with that extra layer of fur on everything.

Looking for more home inspiration? Visit the HGTV Photo Library to search for your new favorite space.

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From:: HGTV

Gold futures finished lower, weighed down by a strong dollar Friday, but the yellow metal managed to register a weekly gain. Gold futures for December delivery settled $2.90, or 0.3%, lower at $1,112.70 an ounce. For the week, the precious metal gained about 1.6% for the week.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

The total number of U.S. oil rigs rose to 672 this week, up 2 from a week ago, oil-services firm Baker Hughes reported Friday in its weekly tally. The number of oil rigs have risen from a low of 628 in late June, ending several months of steep declines. The number of rigs is down 917 from a year ago. Nymex September crude-oil futures remain up 31 cents at $42.54 a barrel, but are on track for a weekly loss of more than 3% after dropping to a six-year low.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News