Shares of UnitedHealth Group soared over 12% in overnight trading while Lennar up 6%, Nucor up 7%.
Warren Buffett's Berkshire Hathaway disclosed on Thursday a new investment in UnitedHealth Group after the insurer became a target for many Americans upset over the direction of the nation's healthcare.
Berkshire also boosted its bet on home builders, revealing a new stake in DR Horton and significantly larger stake in Lennar. The filing also disclosed new Berkshire investments in security products provider Allegion, outdoor advertiser Lamar Advertising and steel maker Nucor.
Shares of Intel climbed as much as 4.65% in overnight trading. The stock closed 7.4% higher in regular trading, giving the company a market value of about $104.4 billion.
The Trump administration is in talks with Intel Corp. to have the US government take a stake in the beleaguered chipmaker, according to people familiar with the plan, in the latest sign of the White House’s willingness to blur the lines between state and industry.
A deal would help shore up Intel’s planned factory hub in Ohio, said the people, who asked not to be identified because the deliberations are private. The company had once promised to turn that site into the world’s largest chipmaking facility, though it’s been repeatedly delayed. The size of the potential stake isn’t clear.
KULR Technology shares rose more than 26% in overnight trading after reporting second-quarter revenue of $3.97 million, beating estimates of $3.5 million, according to Benzinga Pro. The company said total revenue increased 63% year-over-year as product sales jumped 74%.
KULR Technology reported second-quarter earnings of 22 cents per share, beating estimates for a loss of 16 cents per share. The positive earnings results were primarily driven by a mark-to-market of the company’s Bitcoin holdings. KULR Technology said it now holds more than 1,035 Bitcoin.
Nu Holdings, which runs Brazilian digital lender Nubank, posted on Thursday a 42% increase in its net profit from a year earlier on a foreign exchange-neutral basis, causing its shares to jump 10% in overnight trading.
The firm, which has nearly 123 million clients across Brazil - its main market - Colombia and Mexico, posted a $637 million second-quarter net profit for the April to June period. Revenue stood at $3.7 billion, up 40% year-on-year.
Chief Financial Officer Guilherme Lago told Reuters the profit increase was driven by operational leverage and revenue growth, but said the factors behind that growth are starting to change.
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