Banking, Economy

“Warren Buffett’s Selling Over $3.8 Billion Worth of Bank of America Stock in 2 Weeks Is an Ominous and Unmistakable Warning for Wall Street”

https://finance.yahoo.com/news/warren-buffetts-selling-over-3-092100064.html While the timing is good lets be honest here. Selling that much stock would cause a flash crash even in a strong economy. At a certain point one has to ask does removing so much money from a sock… Continue Reading…

Banking, Stocks

“SoftBank shares tank near 19%, wiping off $4.6 billion from founder Masayoshi Son’s fortune”

“SoftBank Group shares tanked nearly 19% on Monday amid a global sell-off, wiping off billions of dollars from founder Masayoshi Son’s fortune. On Monday, Son’s net worth fell by $4.6 billion alone, according to the Forbes real-time billionaires list. Monday’s… Continue Reading…

Cryptocurrencies

“Crypto selloff wipes out $367 billion in value as bitcoin, ether plunge” [Aug 5 2024]

“…Led by a drop of 15% in bitcoin in the past 24 hours and a 22% plunge in ether, the overall value of cryptocurrencies sank by about $367 billion, according to CoinGecko data, the the market recovered some later in the day.… Continue Reading…

Business

“Coca-Cola Owes $6 Billion to IRS, Tax Court Rules”

“A U.S. Tax Court judge has ruled that Coca-Cola is on the hook for about $2.7 billion, or about $6 billion including interest, in a long-running dispute with the Internal Revenue Service. The Atlanta beverage giant said Friday that it… Continue Reading…

Stocks

“Thoma Bravo Raises $2.7 Billion in Nasdaq Stake Sale”

“…The private equity firm sold 41.6 million Nasdaq shares for $65.30 each, according to a statement by the exchange operator Monday. A Thoma Bravo affiliate was offering the stock for between $64.80 and $65.80 each, Bloomberg News reported Friday. The… Continue Reading…

Banking, Economy

“Why regional banks are now willing to take billions in losses”

“More US regional banks are taking a step that was unthinkable more than a year ago in the aftermath of the Silicon Valley Bank failure: selling underwater bonds at a loss… The difference this time around is that regional banks… Continue Reading…

Business

“Nearly 10 billion passwords leaked in what may be biggest dataset of its kind ever”

“A file containing about 10 billion individual passwords was posted on an online hacking forum in what could be the largest such compilation of leaked passwords ever. The file was posted on July 4, and contains passwords compromised in both… Continue Reading…

Business

“Boeing agrees to buy fuselage maker Spirit AeroSystems in $4.7 billion deal”

“Boeing said Monday that it will buy back its struggling fuselage maker Spirit AeroSystems in an all-stock deal that the plane maker has said will improve safety and quality control. It said it agreed to pay $37.25 a share in Boeing stock for… Continue Reading…

Stocks

“GM board approves new $6 billion share buyback authorization” [TUE, JUN 11 2024]

“… …” https://www.cnbc.com/2024/06/11/gm-board-approves-new-6-billion-share-buyback-authorization.html