On Saturday, Warren Buffett’s Berkshire Hathaway Inc. reported that its first-quarter earnings came to $35.5 billion, reflecting gains from common stocks like Apple Inc. Additionally,
Category: Equities
Europe’s lenders are caught in the global financial crisis, as cheap funds evaporate.
Following a sharp sell-off in American bank shares which led to concerns about the industry’s susceptibility to increasing interest rates, European bank shares slumped on
A former major Credit Suisse shareholder lost confidence sells the entire stake in the bank.
In recent months, Harris Associates, one of Credit Suisse’s largest shareholders, has liquidated its holdings in the Swiss bank, according to David Herro, deputy chairman,
Twitter stock valuation: Fidelity funds write off 56%.
According to a monthly declaration by the investment company posted on Friday, Fidelity funds reduced the value of their holding in Twitter by 56% in
Global Hedge funds gave the poorest returns in 14 years; Equities and Bonds slumped more.
Despite the fact that aggressive U.S. interest rate increases have severely hurt asset prices, global hedge funds are expected to post their poorest returns in
Stock market crash: Musk assures employees, Tesla will be the most valuable company on earth.
Elon Musk, the CEO of Tesla Inc., advised staff members not to be “bothered by Stock market crash: Musk assures employees, Tesla will be the
Basel rules: Banks to hike capital by 6% to ensure compliance by end of the decade. – BoE
By the end of the decade, the Bank of England estimated that applying the final set of international bank capital regulations in Britain would result
HSBC spins off its Canada division to RBC for $10b in a bid to boost dividend payout.
For $13.5 billion Canadian dollars ($10.04 billion) in cash, HSBC has agreed to sell its Canadian operations to the Royal Bank of Canada, opening the
Twitter shareholders have sued Musk for stock’ manipulation’ during the takeover bid.
As the CEO of electric carmaker Tesla Inc mounts a $44 billion takeover proposal for the social media platform, billionaire Elon Musk has been sued
Meta, the owner of Facebook, tells his hardware employees to expect layoffs.
A spokeswoman for Facebook-owned Meta Platforms Inc confirmed to reporters on Wednesday that the business is planning cuts in its Reality Labs section, which is
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