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“# Berkshire Hathaway invests $500M in Brazilian digital bank ” Brazilian digital bank Nubank has raised $500 million from Berkshire Hathaway, a multinational holding company run by billionaire Warren Buffett. In an announcement from Nubank on Tuesday, the digital bank said the $500 million investment would be used to continue its international expansion — the…
“#Bill Gates, Warren Buffett building nuclear reactor in Wyoming” Billionaire buddies Bill Gates and Warren Buffett are teaming up to build a nuclear reactor — on the site of a coal plant that’s being phased out in Wyoming. Nuclear reactor design company TerraPower, which Gates founded about 15 years ago, and power company PacifiCorp, which…
“#Bill & Melinda Gates Foundation weighs governance changes” The Bill & Melinda Gates Foundation is reversing course and considering shaking up its governance structure in the wake of the billionaire couple’s divorce — and amid revelations about Bill Gates’ workplace behavior and that of his associates. In a U-turn from its previous stance, the foundation,…
“#Economy is ‘red hot,’ but watch for inflation” Warren Buffett said the US economy is “red hot” — but warned inflation is a rising threat as businesses and jobs come roaring back. “Right now, business really is very good in a great many segments of the economy … It’s almost a buying frenzy,” Berkshire Hathaway’s…
“# Bitcoin is a ‘disgusting’ product that comes ‘out of thin air,’ says Charlie Munger ” Charlie Munger, billionaire investor and vice chair of Warren Buffett’s Berkshire Hathaway conglomerate, did not mince words when it came to describing his feelings on crypto. In the Berkshire Hathaway Annual Shareholders Meeting streamed live on Saturday, Munger addressed…
“#Companies, celebrities condemn state voting restrictions” Hundreds of companies, big-name executives and celebrities signed onto a statement Wednesday condemning bills that would make it harder for Americans to vote. The statement calling voting “the lifeblood of democracy” is corporate America’s latest salvo against election restrictions that Republicans have passed or proposed in states such as…
“#Warren Buffett’s net worth hits $100B — good for 5th on world’s richest list” Warren Buffett’s fortune reached $100 billion on Wednesday, as investors drove the stock price for his company Berkshire Hathaway to a record level. Buffett’s net worth, as measured by Forbes magazine, comes almost entirely from owning about one-sixth of Berkshire, a…
“#Warren Buffett blames $11 billion loss on a ‘mistake’” Even oracles make mistakes. Berkshire Hathaway earned $42.5 billion in 2020, but on Saturday, CEO Warren Buffett admitted the conglomerate’s results for the year included a rare “mistake” — that cost the company $11 billion. The Oracle of Omaha said in his annual letter to shareholders…
“#Warren Buffett reveals big stakes in Verizon, Chevron” Warren Buffett’s Berkshire Hathaway on Tuesday announced two major new investments, revealing an $8.6 billion stake in the phone company Verizon Communications and a $4.1 billion stake in oil company Chevron. The investments were disclosed in a regulatory filing detailing Berkshire’s U.S.-listed stock holdings as of Dec….
“#Is Elon Musk the new stock market oracle?” Has the “Oracle of Omaha” Warren Buffett been replaced by Elon Musk, the “Oracle of Memes”? The futurist billionaire, chief executive of Tesla and SpaceX, and world’s richest person is now also able to move markets, from cryptocurrencies to actual stocks, using a single tweet. It’s a…