May 4, 2018

Warren Buffett's Berkshire Hathaway buys 75 million more Apple shares

Warren Buffet speaking about philanthropy to an audience. Photo: Daniel Zuchnik/WireImage via Getty Images

Berkshire Hathaway, owned by Warren Buffett, bought 75 million shares of Apple in the first quarter of the year, adding to the 165.3 million the company already owned, reports CNBC.

The big picture: Buffett's investment in Apple shows that, despite the company not meeting some sales projections on its iPhone, Apple is still moving in the right direction in the eyes of investors heading into the second quarter of 2018.

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Axios

Wisconsin Supreme Court blocks governor from delaying state's primary

Tony Evers. Photo: Nuccio DiNuzzo/Getty Images

Wisconsin's Supreme Court on Monday blocked an executive order by Gov. Tony Evers (D) that attempted to delay in-person voting for the state's primary election — currently scheduled for Tuesday — until June 9.

Driving the news: Judges ruled 4-2 along ideological lines that Evers does not have the power as governor to unilaterally postpone the election, despite the fact that the state has a stay-at-home order in place due to the coronavirus pandemic.

Go deeperUpdated 51 mins ago - Health

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

Global: Total confirmed cases as of 5 p.m. ET: 1,331,032 — Total deaths: 73,917 — Total recoveries: 275,851 — Map.
U.S.: Total confirmed cases as of 5 p.m. ET: 356,942 — Total deaths: 10,524 — Total recoveries: 18,999 — Map.
2020 update: Wisconsin governor orders in-person primary voting delayed until June.
States latest: West Coast states send ventilators to New York and other states with more immediate need — Data suggest coronavirus curve may be flattening in New York, Gov. Andrew Cuomo said.
World update: U.K. Prime Minister Boris Johnson moved to intensive care as coronavirus symptoms worsen.
Stocks latest: The S&P 500 closed up 7% on Monday, while the Dow rose more than 1,500 points.
What should I do? Pets, moving and personal health. Answers about the virus from Axios experts — What to know about social distancing — Q&A: Minimizing your coronavirus risk.
Other resources: CDC on how to avoid the virus, what to do if you get it.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

Keep ReadingUpdated 2 hours ago - Politics & Policy

Courtenay Brown

Stocks jump 7% despite bleak coronavirus projections

People passing by the New York Stock Exchange amid the coronavirus pandemic. Photo: John Nacion/NurPhoto via Getty Images

The S&P 500 closed up 7% on Monday, while the Dow rose more than 1,500 points.

Why it matters: The huge market surge comes amid rare optimistic signs that the spread of the coronavirus may be slowing in parts of the country, including New York. But government officials say this will be a difficult week, while economists — including former Fed chair Janet Yellen today — warn that the pandemic could have a catastrophic impact on the global economy.

Keep Reading3 hours ago - Economy & Business