Berkshire Hathaway, the conglomerate led by CEO Warren Buffett, is expected to announce a cash pile exceeding $200 billion in its second-quarter earnings report. Buffett’s recent sale of some of his favorite stocks, including Apple and Bank of America, has raised eyebrows among investors. Some speculate that Buffett is looking to de-risk the portfolio amidst
Cash
The NZD/USD pair is currently facing a substantial downturn, hovering around 0.5996. This decline can be attributed to a multitude of factors, including recent global political developments and domestic monetary policy expectations. The surprising announcement by US President Joe Biden that he will not be seeking re-election in 2024 has unexpectedly boosted the US dollar.
Dave Nadig, a well-known ETF journalist and financial futurist, believes that the recent surge in money flow into small caps is not necessarily a result of a rotation from winning growth trades. Instead, Nadig suggests that investors are simply engaging in a diversification trade. He argues that investors are broadening their exposure across various sectors
BlackRock, a major player in the asset management industry, reported a 10% increase in profits in the second quarter. This growth was primarily driven by the strong performance of its Exchange-Traded Funds (ETFs), which saw record inflows in the first half of the year. The company achieved a milestone by reaching $10.6 trillion in assets
The recent monetary policy statement released by the Reserve Bank of New Zealand (RBNZ) has caused a significant shift in the performance of the Kiwi against its major counterparts, particularly the Australian Dollar. The RBNZ, for the eighth consecutive meeting, decided to keep its official cash rate at 5.50%. However, the surprising aspect was the
The UK 100 stock index (cash) has been struggling for the past six trading days, with a significant downturn towards the critical support level of 8,110. Despite attempts to break above the key resistance area of 8,300, the index has failed to establish a new higher high, leading to concerns about a potential negative reversal
Boeing has reportedly made an offer to acquire Spirit AeroSystems in a deal that values the supplier at around $35 per share. This offer, which includes a significant premium over Spirit’s stock closing price, represents a strategic move by Boeing to stabilize its supply chain following a mid-air incident involving the 737 MAX. Initially, Boeing
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
The sell-off in GameStop shares was intensified on Wednesday afternoon, coinciding with a spike in trading volume in the call options owned by Roaring Kitty, whose legal name is Keith Gill. On Monday night, Gill disclosed that he still held 120,000 call options contracts with a strike price of $20 and an expiration date of
The Japanese Yen has shown appreciation in recent times due to improved risk sentiment in the market. This shift can be attributed to various economic reports that have been released, impacting the currency’s value. One of the key factors influencing the Japanese Yen is the data coming out of the United States. For example, the
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
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.