Elon Musk’s offer to purchase Twitter for $44 billion is far more than what the company is actually worth, Kevin O’Leary said. “I don’t think it’s worth $10 billion,” O’Leary said to CNBC, emphasizing the need for new management in the company. He urged Musk to “get out the whacking stick” and start fresh with… Continue reading ‘Shark Tank’ investor Kevin O’Leary says Twitter isn’t even worth $10 billion and Elon Musk should start from scratch if he wants to make his money back
Warren Buffett’s stock portfolio is so large that unrealized investment losses in the 2nd-quarter led to a 10% decline in earnings per share for the whole S&P 500
The S&P 500’s 2nd-quarter earnings per share is set to drop 10% thanks to Berkshire Hathaway.Warren Buffett’s conglomerate reported an unrealized investment loss of $67 billion last quarter due to the broad stock market decline. S&P Dow Jones Indices estimates that Berkshire’s unrealized investment loss will lower the S&P 500’s EPS by $4.74. Loading Something is… Continue reading Warren Buffett’s stock portfolio is so large that unrealized investment losses in the 2nd-quarter led to a 10% decline in earnings per share for the whole S&P 500
Government Debt Rises: You Can’t Blame Biden (or Trump)
U.S. government debt has exploded from $370 billion to $31 trillion since 1970, with our leaders unwilling to raise taxes to match spending increases. It hasn’t mattered which party is in the White House: both have found it difficult to lift taxes but easy to boost spending. The presidents during the 1970-2022 period include: ·… Continue reading Government Debt Rises: You Can’t Blame Biden (or Trump)
Elon Musk proposes buying Twitter for original price of $54.20 a share
Musk had been trying for months to back out of his contract to acquire Twitter Author of the article: Bloomberg News Jef Feeley and Ed Hammond Elon Musk has made a proposal to buy Twitter for his original offer price. Photo by Jim Watson/AFP via Getty Images Elon Musk is proposing to buy Twitter Inc.… Continue reading Elon Musk proposes buying Twitter for original price of $54.20 a share
David Rosenberg: Equities are generally not pricing in a recession yet, but one asset class is
Canadian equities likely have a bit further to fall, but won’t decline as much as in prior recessionary periods Pedestrians walk past stock market numbers in Toronto’s Financial district in September. Photo by Peter J. Thompson/National Post By David Rosenberg and Brendan Livingstone Advertisement 2 This advertisement has not loaded yet, but your article continues… Continue reading David Rosenberg: Equities are generally not pricing in a recession yet, but one asset class is
Warren Buffett’s likely successor — a Canadian — buys $68M of Berkshire stock
Greg Abel invests more skin in the game to the relief of shareholders Author of the article: Bloomberg News Dan Reichl and Katherine Chiglinsky Canadian Greg Abel is the current heir-apparent to investing guru and head of Berkshire Hathaway Warren Buffett. Photo by Jim Wells /Postmedia Greg Abel, who is in line to eventually succeed… Continue reading Warren Buffett’s likely successor — a Canadian — buys $68M of Berkshire stock
Stock Market Today: Stock Rally Continues; Twitter Soars on Musk U-Turn
Stocks ran higher for a second straight day, building on Monday’s gains which saw the three major indexes each rally more than 2%. There were two different catalysts behind Tuesday’s surge. Both raised hopes that the streak of aggressive Fed rate hikes could end sooner rather than later. One came from the Reserve Bank of… Continue reading Stock Market Today: Stock Rally Continues; Twitter Soars on Musk U-Turn
What is an Index Fund?
If you want to invest money in the stock market, there are various ways to go about it. You can buy shares in individual companies, but this involves doing lots of research and, ideally, having a solid grasp of how to read and analyze a set of accounts. Investors who lack the time, knowledge, or… Continue reading What is an Index Fund?
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