Warren Buffett’s Berkshire Hathaway sold 1 million more shares of Chinese EV maker BYD.Berkshire Hathaway still owns 153.3 million shares of BYD, which represents a 14% stake.Buffett’s firm initially invested $232 million in the automaker in 2008, creating billions of dollars in profits. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading Warren Buffett’s Berkshire Hathaway sells a million more BYD shares to realize huge profits in the Chinese EV maker
Sam Bankman-Fried’s attorneys are bringing experience working on ‘El Chapo’ and Ghislaine Maxwell cases to the crypto exec’s defense
Sam Bankman-Fried’s lawyers have experience working on big cases related to drug lord ‘El Chapo’ and Ghislaine Maxwell. Attorneys Mark Cohen and Christian Everdell are former federal prosecutors who are now partners at Cohen & Gresser. Last week, Bankman-Fried pleaded not guilty to six conspiracy counts and two counts of wire fraud. Loading Something is… Continue reading Sam Bankman-Fried’s attorneys are bringing experience working on ‘El Chapo’ and Ghislaine Maxwell cases to the crypto exec’s defense
China looks to weaken US dollar with petroyuan as oil producers rally to Beijing, and Russia has ‘become an Asian nation,’ analyst says
Russia’s war on Ukraine triggered a larger embrace of the yuan for oil sales which could shift the crude market. Kpler lead crude analyst Viktor Katona told Insider that Russia has essentially “become an Asian nation.” The birth of a so-called petroyuan could spread across Asia for crude transactions, he added. Loading Something is loading.… Continue reading China looks to weaken US dollar with petroyuan as oil producers rally to Beijing, and Russia has ‘become an Asian nation,’ analyst says
7 reasons why global stocks are set to crush their US counterparts for the first time in 15 years, according to Bank of America
A 15-year-long trend of US stocks outperforming global peers is set to reverse in 2023, according to Bank of America.The bank expects international stocks to handily outperform US stocks as interest rates remain higher for longer.These are the seven reasons why BofA thinks investors should favor global stocks over the US in 2023. Loading Something… Continue reading 7 reasons why global stocks are set to crush their US counterparts for the first time in 15 years, according to Bank of America
Can crypto markets really get any worse? Industry experts say yes – and break down 3 worst-case scenarios for 2023
Last year was brutal for crypto markets, with the fallout of FTX, Celsius, and Three Arrows Capital. “Centralized lending and earn products are going the way of the dodo,” one exec said. Experts shared their 2023 outlooks and explained how things may get worse before they get better. Loading Something is loading. Thanks for signing… Continue reading Can crypto markets really get any worse? Industry experts say yes – and break down 3 worst-case scenarios for 2023
Warren Buffett injected $3 billion into General Electric during the financial crisis. Here’s a look back at how he helped the industrial giant.
Warren Buffett plowed $3 billion into General Electric at the height of the financial crisis. The investor received $3 billion in preferred stock paying a 10% dividend, plus stock warrants. Berkshire Hathaway made about a $1.5 billion profit. Buffett later said he could have made more. Loading Something is loading. Thanks for signing up! Access… Continue reading Warren Buffett injected $3 billion into General Electric during the financial crisis. Here’s a look back at how he helped the industrial giant.
Investors should buy these 33 stocks for the best shot at outperformance in 2023 — according to a Deutsche Bank group that’s seen its stock picks double in value in five years
US Markets Loading… H M S Premium Investors looking for ideas in the new year may want to call upon Deutsche Bank. Reuters This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Deutsche Bank updated its list of favorite stock picks to include its 33 best ideas for 2023.… Continue reading Investors should buy these 33 stocks for the best shot at outperformance in 2023 — according to a Deutsche Bank group that’s seen its stock picks double in value in five years
The latest jobs report showed hiring was still strong but wage growth slowed. Here’s what that means for stocks and the Fed.
US stocks climbed after the December payrolls report, but analysts said hurdles remain for the market. Inflation is moving in the right direction with monthly wage growth slowing. But the Fed is likely to keep pushing back on expectations that it will cut interest rates this year. Loading Something is loading. Thanks for signing up!… Continue reading The latest jobs report showed hiring was still strong but wage growth slowed. Here’s what that means for stocks and the Fed.
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