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John Melloy

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  • Deputy Managing Editor, Investing and Markets, CNBC
New York
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Deputy Managing Editor, investing and markets, CNBC
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Articles

Why traders are rushing for the exits on Alphabet

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By John Melloy Verified
| CNBC Verified
Traders are rushing for the exits on Alphabet to try to preserve any profit they have left in the struggling technology bellwether, explains Steve Grasso . (See Steve's video above for the full explanation.) Grasso, CEO of Grasso Global who spent three decades trading from the New York Stock Exchange, said that Alphabet's moving averages converged this week heading into Wednesday night's poor earnings report .
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Warren Buffett stepping down as chairman of Berkshire Hathaway: 'Father Time always wins' Original

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By John Melloy Verified
| CNBC Verified
Warren Buffett sits down with CNBC from Omaha, Nebraska on June 14th, 2026. David A. Grogan | CNBC Warren Buffett is stepping down as chairman of Berkshire Hathaway, the sprawling conglomerate worth $1 trillion that he has led since 1965. The 96-year-old legendary investor announced the move in a letter to shareholders Friday. Buffett will become chairman emeritus, effective immediately, while remaining a director on the board, the company said in a separate announcement.
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Leopold Aschenbrenner's situational awareness is active in options market, sources say

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By John Melloy Verified
| MSN Verified
The moves were made late last week and early this week, the sources said. His reentry to the public markets comes after the hedge fund's assets fell to about $10 billion following a peak above $45 billion to start July. Leopold Aschenbrenner, the AI researcher whose hedge fund virtually collapsed over the summer, is getting active again in the financial markets via options.
Open in Who Shared View Duplicates (2) Issue with article?
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