October 8, 2024
“…Bitcoin has struggled to break its ceiling of $70,000, though the $55,000 threshold has provided strong support for the crypto asset. Some investors are doubtful that October will be the month it finally comes back to life, but most remain… Continue Reading…
September 19, 2024
“The Global Artificial Intelligence Infrastructure Investment Partnership is initially looking to raise $30 billion for new and existing data centers. The fundraising, which could total $100 billion, will also be used to invest in the energy infrastructure needed to power… Continue Reading…
September 19, 2024
“…Microsoft also will increase its quarterly dividend by 8 cents, to 83 cents a share. It’s the company’s 20th straight year of increasing its dividend. Microsoft stock rose 0.9% to 435.07 on Tuesday. MSFT stock has risen for seven straight… Continue Reading…
August 14, 2024
“…British investment platform Hargreaves Lansdown said on Friday it had agreed to a takeover offer equivalent to £5.4 billion ($6.9 billion) by a group of investors including CVC Group… Shareholders in Hargreaves Lansdown — the U.K.’s biggest stockbroker — will get 1,110 British pence… Continue Reading…
August 14, 2024
“Americans now owe a record $1.14 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. The average balance per consumer stands at $6,329, up 4.8% year over year, according to a separate quarterly credit industry insights report from TransUnion…” https://www.cnbc.com/2024/08/08/credit-card-debt-and-delinquencies-are-on-the-rise-reports-finds.html I… Continue Reading…
August 12, 2024
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…
August 12, 2024
“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…
August 8, 2024
“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…
July 31, 2024
“…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…
July 24, 2024
“…Outstanding government debt stood at $34.9 trillion ($34,940,154,000,000 to be somewhat more precise) as of Tuesday, according to the latest data from the Treasury Department. That’s a debt load that now represents over 120% of GDP. Earlier this year, the cost… Continue Reading…
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