World
Warren Buffett’s Berkshire made a $3 billion bet on Citigroup. Here are his other picks
Warren Buffett’s Berkshire Hathaway made a few changes to its equity portfolio in the first quarter, including adding a big stake in Citigroup , according to a regulatory filing. The conglomerate bought more than 55 million shares of Citigroup to build a stake worth $2.95 billion as of the end of March, the filing showed. […]
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Morgan Stanley says beware bear market rallies, S&P 500 headed to 3,400
Stocks are trying to dig their way out of last week’s steep losses, but Morgan Stanley is warning that these relief rallies are fleeting and more declines will follow. “With valuations now more attractive, equity markets so oversold and rates potentially stabilizing below 3%, stocks appear to have begun another material bear market rally,” Michael […]
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Here are the top holdings of Chase Coleman’s struggling hedge fund Tiger Global
Chase Coleman is having a rough year. His hedge fund, Tiger Global, added to a number of tech holdings, including Snowflake , Carvana and Sea , in the first quarter before the sell-off got even uglier, according to a regulatory filing. Coleman’s growth-focused flagship fund at Tiger Global tumbled 15% in April, pushing its 2022 […]
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Michael Burry of ‘The Big Short’ reveals a bet against Apple
“The Big Short” investor Michael Burry had a bet against tech giant Apple in the first quarter, a regulatory filing showed. Burry, one of the first investors to call and profit from the subprime mortgage crisis, owned 2,060 put contracts of Apple at the end of the first quarter, according to the filing. Each options […]
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Twitter CEO explains how the company actually fights spambots in rebuttal to Musk
Twitter CEO Parag Agrawal on Monday laid out how the social media company fights fake and spam accounts on the platform. The information, posted in a lengthy Twitter thread, comes just days after Elon Musk said he would put his $44 billion acquisition of the company “on hold” while he researches the proportion of fake and spam […]
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Twitter stock has lost all of its gains since Elon Musk disclosed his stake
In this photo illustration, Twitter account of Elon Musk is seen on a smartphone screen and Twitter logo in the background. Pavlo Gonchar | Lightrocket | Getty Images Twitter shares have given up all of their gains since Elon Musk disclosed last month that he’d bought a 9% stake in the company. The stock tumbled […]
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Biden set to redeploy U.S. troops to Somalia, reversing Trump withdrawal
US army soldiers stand at an observation point during the “African Lion” military exercise in the Tan-Tan region in southwestern Morocco on June 18, 2021. Fadel Senna | AFP | Getty Images WASHINGTON — President Joe Biden approved a plan to redeploy U.S. troops to Somalia, a senior administration official confirmed to NBC News. The move, a […]
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$3 billion in bitcoin was sold in a last-ditch attempt to save UST stablecoin from collapse
Bitcoin fell below the $26,000 level since December 2020. (Photo credit should read CFOTO/Future Publishing via Getty Images) CFOTO | Future Publishing via Getty Images Investors have been eager to find out what happened to the more than $3 billion in bitcoin bought up by crypto firm Terra to back its failed stablecoin. Now, they’ve […]
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NATO is about to get bigger and Putin is unhappy: Here are 3 ways Moscow could react
Russian President Vladimir Putin leaves Red Square after the Victory Day military parade in central Moscow on May 9, 2022. Kirill Kudryavtsev | Afp | Getty Images With Finland and Sweden both announcing their bids to join the Western military alliance NATO, ending a decades-long history of military non-alignment, all eyes are on Russia and […]
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‘Londongrad’: How Russia’s war exposed the dark side of luxury London
Following Russia’s invasion of Ukraine, and resultant sanctions on President Putin’s oligarch elite, a spotlight has been firmly cast on the British capital and its complicity as a store for dirty money. When Russia mounted its war in Ukraine in February 2022, Britain was one of the first Western allies to impose sanctions on the […]
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