Technology
HP downgraded by UBS on valuation following pop from Buffett buy
UBS on Thursday downgraded shares of PC maker HP, weakening consumer demand for the company’s products and high valuation following a run higher. Source
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Tesla CEO Elon Musk hosts ‘Cyber Rodeo’ party to open Austin factory
On Thursday night, Tesla CEO Elon Musk spoke at a grand opening event for the electric vehicle maker’s new $1.1 billion factory near the Austin airport in Texas. At the event, he spoke about how massive the new factory is, and teased products that are still in development, including the Cybertruck, and a robotaxi that […]
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Amazon illegally interfered in Alabama warehouse vote, union alleges
An RWDSU union rep holds a sign outside the Amazon fulfillment warehouse at the center of a unionization drive on March 29, 2021 in Bessemer, Alabama. Elijah Nouvelage | Getty Images Amazon illegally interfered in a recent union election at an Alabama warehouse, according to a statement on Thursday from the Retail, Wholesale and Department […]
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Peter Thiel calls Warren Buffett a ‘sociopathic grandpa from Omaha’ and bitcoin ‘enemy number one’
Peter Thiel VCG/VCG | Getty Images At a bitcoin conference on Thursday, billionaire venture capitalist Peter Thiel said Warren Buffett tops an “enemies list” of people who are trying to stop the cryptocurrency. “Enemy number one,” Thiel said to a booing Miami crowd, is “the sociopathic grandpa from Omaha.” Buffett’s Berkshire Hathaway is based in […]
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Warren Buffett made about $650 million on HP after stake was revealed
Charlie Munger (left) and Warren Buffett. VCG | Visual China Group | Getty Images HP’s stock just had its best day in more than two years, and Warren Buffett’s Berkshire Hathaway is almost $650 million richer because of it. In filing with the SEC late Wednesday, Berkshire revealed ownership of 121 million shares in HP, […]
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Crypto trading platform eToro launches $20 million NFT fund as industry approaches inflection point
Physical artwork for a Bored Ape NFT on display at a cryptocurrency exchange in Hong Kong. Paul Yeung | Bloomberg | Getty Images Trading platform eToro unveiled a $20 million fund to purchase NFTs and bolster creators. The firm announced the launch at the Bass Contemporary Art Museum in Miami Thursday. The trading platform’s fund […]
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Apple will promote Siri and Apple Music on its first live sports broadcast
Washington Nationals second baseman Josh Harrison (5) gets the force out of New York Mets third baseman J.D. Davis (28) in the 6th inning of the spring training game at Clover Park. Jasen Vinlove | USA TODAY Sports | Reuters Apple’s first foray into live sports starts on Friday when the company will broadcast two […]
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What’s behind Warren Buffett’s HP buy and why it’s giving some analysts bad IBM flashbacks
Analysts believe HP is a classic value bet and a play on capital returns, but some cautioned that it could be a repeat of Buffett’s IBM mistake. Source
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UFC, Formula 1 and WWE could be the next acquisition targets for streaming giants
(L-R) Conor McGregor of Ireland punches Dustin Poirier in a lightweight fight during the UFC 257 event inside Etihad Arena on UFC Fight Island on January 23, 2021 in Abu Dhabi, United Arab Emirates. Chris Unger | UFC | Getty Images In 2016, before Ultimate Fighting Championship sold for $4 billion to the company that […]
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‘It’s meaningless’ — large Tesla shareholder Ron Baron reacts to Elon Musk joining Twitter’s board
Ron Baron, the CEO of Baron Capital and one of Tesla’s largest shareholders, said that Elon Musk’s 9.2% stake in Twitter, and his accompanying board seat, is not significant. “I think it’s meaningless,” he told CNBC’s “Squawk Box” Thursday. “It’s a tiny investment. $3 billion for a man who is worth $300 billion. He has […]
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