Cash

Starboard Value, the activist fund led by Jeff Smith, recently acquired a significant stake in graphics-design firm Autodesk. The fund has raised serious concerns over the company’s disclosures regarding an internal investigation that resulted in the removal of its CFO. It has been revealed that executives at Autodesk misled investors regarding the company’s free cash
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Doconomy, a Swedish fintech startup, has recently secured 34 million euros in funding from major European banks, such as UBS and CommerzVentures. This influx of cash, obtained through a Series B financing round, highlights the increasing importance of climate-focused financial technology in the industry. Doconomy offers innovative tools that enable bank customers to measure the
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Paying with cash can offer a variety of benefits, including the opportunity to receive cash discounts on purchases. More and more merchants are starting to offer lower prices to customers who choose to pay with cash instead of credit cards. These discounts can range from 2% to 4% or even higher depending on the business.
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The recent release of the Reserve Bank of Australia (RBA) meeting minutes highlighted the board’s consideration of raising interest rates but ultimately deciding in favor of maintaining a steady policy. The board acknowledged the difficulty of predicting future changes in the cash rate, indicating a cautious approach to monetary policy adjustments. Additionally, the board expressed
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The USD/JPY exchange rate is currently hovering around 154.784, but intervention risks are looming large. Masato Kanda recently issued a warning, stating that the government would step in if there are any speculative or disorderly movements in the foreign exchange markets. This has sparked concerns among investors, especially after the currency pair experienced a sharp
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Berkshire Hathaway, the conglomerate led by Warren Buffett, recently reported a significant surge in operating earnings in its first-quarter results. The company’s operating profit rose to $11.22 billion, a 39% increase from the same period last year. This growth was mainly driven by the strong performance of its insurance underwriting businesses, particularly Geico. The insurance
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In light of the U.S. House of Representatives passing a bill that would enable the Biden administration to seize Russian assets held in American banks and transfer them to Ukraine, tensions between the United States and Russia have escalated. Dmitry Medvedev, a senior security official in Russia, has issued a stern warning that Russia would
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