Berkshire Hathaway shares experienced a rise on Monday following the conglomerate’s announcement of a significant increase in operating earnings. The company reported a first-quarter operating profit of $11.22 billion, which represents a 39% jump from the same period last year. This spike in earnings was primarily fueled by a rise in insurance underwriting earnings. The
Finance
The potential market for exchange-traded funds (ETFs) may be much larger than previously thought, according to Matt Kaufman of Calamos Investments. Kaufman believes that there are trillions of dollars currently sitting in CD and money market accounts, presenting an opportunity for ETFs to capture this market. This untapped market is even larger than the size
Being let go from a job is never an easy experience, but being fired and then branded as a “scapegoat” takes it to a whole new level. Kavish Kataria, a former trader at Societe Generale, is speaking out against the French bank, claiming that he was unfairly terminated for risky trades that were not solely
Bitcoin, the leading digital currency, witnessed a significant drop to its lowest level in over two months, reaching as low as $56,757.93. This decline below $57,000 on Wednesday, the first time since Feb. 28, has raised concerns among investors. The broader risk-off sentiment in markets, coupled with anticipation over the U.S. Federal Reserve’s upcoming interest
In the world of stocks and trading, there are constant fluctuations and changes that can have a significant impact on companies’ valuations. Amazon recently reported an impressive earnings report, with shares gaining nearly 2% after beating expectations on both top and bottom lines. On the other hand, Starbucks faced a different fate, with shares slipping
After a breakthrough where Tesla CEO Elon Musk met with Chinese Premier Li Qiang, local Chinese authorities have removed restrictions on Tesla cars. This came after the company’s China-made vehicles successfully passed the country’s data security requirements. China released new data security requirements for “connected vehicles” that cover cars released in 2022 and 2023. Automakers
In the fast-paced world of technology investing, staying ahead of the curve is crucial. According to Brett Winton, chief futurist at ARK Invest, there are five key groups that tech investors should keep an eye on to gain an edge. These groups include robotics, artificial intelligence, multi-omics sequencing, public blockchain, and energy storage. Winton emphasizes
Chinese electric car start-up Nio, known for its premium vehicles costing around $50,000 or more, is now shifting its focus towards a more affordable market segment. The company’s CEO, William Li, announced their plans to release a newly branded SUV that will be priced lower than Tesla’s popular Model Y. This move comes as a
Nvidia-backed artificial intelligence firm Synthesia has introduced a groundbreaking technology that is poised to transform the way video content is created. Their latest innovation, known as “Expressive Avatars,” has the capability to blur the lines between the virtual world and real characters. By harnessing the power of AI, Synthesia aims to streamline the video production
U.S. prosecutors are pushing for a sentence of 36 months for the former CEO of Binance, a cryptocurrency exchange, on charges related to enabling money laundering. This recommended sentence is significantly higher than the advisory guidelines, which suggest a range of 12 to 18 months in prison. The prosecutors argue that a 36-month sentence would
