May 2, 2024
“…In its earnings report on Thursday, Microsoft said capital expenditures jumped 79% from a year earlier to $14 billion. The company is spending much faster than it’s increasing revenue — sales climbed 17% in the period. Even with all that investment, Microsoft… Continue Reading…
April 24, 2024
“…President Biden has formally proposed the highest top capital gains tax in over 100 years… Under the Biden proposal, the combined federal-state capital gains tax exceeds 50% in many states. California will face a combined federal-state rate of 59%, New… Continue Reading…
February 22, 2024
“Capital One Financial is set to acquire Discover Financial Services in a $35.3 billion all-stock deal. Under the agreement, Discover shareholders would receive 1.0192 Capital One shares for each Discover share or about a 26% premium from Discover’s Friday closing price of $110.49. The… Continue Reading…
January 29, 2024
“Chaos, Fury Engulf Los Angeles Times in Historic Cuts to Newsroom” “…Barely 24 hours after billionaire owner Patrick Soon-Shiong imposed more than 115 job cuts, reducing about 20% of the newsroom, staffers arriving at the paper’s offices in El Segundo… Continue Reading…
October 30, 2023
“…The London-headquartered bank said that it would shortly begin buying back an additional $3 billion of its shares, taking total stock repurchases for the year to $7 billion. HSBC Chief Executive Officer Noel Quinn signaled there may be more to… Continue Reading…
August 29, 2023
“…Despite the moves, foreign investors continue to flee Chinese markets. With Beijing cracking down on foreign consulting firms amid tensions between the U.S. and China and repeatedly requiring investment firms to avoid selling stocks when markets look shaky, investors seem increasingly nervous about the… Continue Reading…
July 27, 2023
“US regulators are proposing that big banks increase their capital levels to protect against future blowups following a regional banking crisis, one of the most sweeping overhauls of how lenders are regulated since the 2008 financial crisis… …Agency officials said… Continue Reading…
August 17, 2022
“…Buffett’s Berkshire Hathaway (BRKB) sold off a least a portion of its four worst performers this year: Verizon (VZ), Store Capital (STOR), General Motors (GM) and U.S. Bancorp (USB). That’s according to an Investor’s Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith. Berkshire Hathaway retains a portion of the… Continue Reading…
November 19, 2021
“EDITOR’S NOTE: Gains, Pains & Capital writes that we are headed for a worse financial crisis than 2008. While the piece provides plenty of worrying numbers and trends to back this assertion up, their main point is, “Put simply, the… Continue Reading…
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