Warren Buffett invested another $1.5 billion in Occidental Petroleum stock this week. Buffett’s Berkshire Hathaway has plowed $6 billion into the energy stock in eight trading days. Berkshire now commands a 13% stake, valued at $6.9 billion as of Friday’s close. Loading Something is loading. Warren Buffett’s Berkshire Hathaway piled $1.5 billion into Occidental Petroleum in… Continue reading Warren Buffett plows another $1.5 billion into Occidental Petroleum — boosting his wager to $6 billion in 8 trading days
Strings of emojis are fetching big prices as ‘Yats’ could be your new personal identifier and crypto wallet address in Web3
Emoji-identifiers called Yats are selling for hundreds of thousands of dollars. Yats can be used as a personal URL or crypto-wallet address, replacing jumbled numbers and letters. “We believe that we have a chance to redefine how people think about online identity,” said Yat Labs founder Naveen Jain. Loading Something is loading. At a virtual… Continue reading Strings of emojis are fetching big prices as ‘Yats’ could be your new personal identifier and crypto wallet address in Web3
A former Goldman Sachs hedge-fund boss sees 3 market scenarios for how Putin’s war with Ukraine ends — and shares which way equities could go under each outcome
The most likely outcome of the ongoing war is that Ukraine won’t surrender to Russia, according to Raoul Pal. Pal expects stocks to rally once Russia’s invasion ends, as that would give markets clarity on the situation. Don’t buy commodities — gold, bonds, and dollars are safe bets, the former Goldman Sachs hedge-fund boss said.… Continue reading A former Goldman Sachs hedge-fund boss sees 3 market scenarios for how Putin’s war with Ukraine ends — and shares which way equities could go under each outcome
US stocks fall as volatility from the Ukraine-Russia crisis keeps investors on edge
US stocks finished lower on Friday as investors remain concerned about Russia’s invasion of Ukraine.Russian President Vladimir Putin said “progress” was being made in negotiations with Ukraine, but the countries continue to fight each other.Comments from Putin led to a brief pop in stock prices that was ultimately reversed as oil prices surged. Loading Something… Continue reading US stocks fall as volatility from the Ukraine-Russia crisis keeps investors on edge
Russian regime change is needed for US corporations like Goldman Sachs to return, says Anthony Scaramucci
Big corporations won’t return to Russia while Putin is in charge, Anthony Scaramucci told CNBC on Friday. “There’s no way back into the international community for President Putin,” Scaramucci said. He anticipates a significant regime change in Russia, and says Putin will not be in power much longer. Loading Something is loading. A number of… Continue reading Russian regime change is needed for US corporations like Goldman Sachs to return, says Anthony Scaramucci
Legendary investor Mark Mobius says the Russia-Ukraine war will force the Fed to be cautious with rate hikes and that the US should avoid a recession
Veteran investor Mark Mobius told Bloomberg TV the war in Ukraine will lead the Fed to be cautious with rate hikes. The co-founder of Mobius Capital Partners also expects the US to avoid falling into recession. The Federal Open Market Committee will start a two-day meeting on March 15. Loading Something is loading. The Federal… Continue reading Legendary investor Mark Mobius says the Russia-Ukraine war will force the Fed to be cautious with rate hikes and that the US should avoid a recession
Oil edges above $100 a barrel, but heads for a weekly loss as volatility stemming from Russia-Ukraine conflict remains high
Brent crude oil was up almost 4% on Friday, trading at about $111 a barrel after its most volatile week in almost two years. The US and UK banned imports of Russian energy products this week and others could follow, analysts said. Supply concerns appear to have been overcome for now, however, this may only… Continue reading Oil edges above $100 a barrel, but heads for a weekly loss as volatility stemming from Russia-Ukraine conflict remains high
Uranium prices spike to their highest since the 2011 Fukushima disaster, as Biden weighs sanctions on Russian supplier
Uranium prices rose 11% Friday, to their highest level since Japan’s Fukushima nuclear disaster in 2011. That surge followed reports that Joe Biden is weighing sanctions against Russia’s nuclear power supplier, Rosatom. Uranium wasn’t included in Biden’s earlier ban on Russian oil and other energy products. Loading Something is loading. Uranium prices surged to their… Continue reading Uranium prices spike to their highest since the 2011 Fukushima disaster, as Biden weighs sanctions on Russian supplier
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