Diamonds and Dogs
HP (HPQ) having a good day. The PC/printer maker is up 16% making a new high today on news Warren Buffett's Berkshire Hathaway has taken an 11.4% stake valued at about $4.2 billion. HP has benefited from the increased demand as people spend more time working and being schooled at home. The Palo Alto, California-based company agreed last month to buy audio and video accessories maker Poly, once known as Plantronics, for $1.7 billion.
Another delay for student loans. SoFi Technologies (SOFI) is down 10% as the financial services platform cut its guidance to reflect the impact of the Biden administration's decision to extend the pause on student-loan payments. The student-loan moratorium was scheduled to expire May 1, but it will now run through Aug. 31, the Education Department said Wednesday.
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