The tale that ensues involves billions of dollars, Russia, a Chinese tycoon known as “Big Shot,” daytime drinking and a metal exchange stuck between two large rocks without a chisel. For the majority of the last decade, nickel prices were boring. On the London Metal Exchange, the premier trading and price-formation venue for industrial metals, […]
Sparks are bound to fly at social media company Twitter’s (TWTR) – Get Twitter, Inc. Report next board meeting in a little over two weeks in San Francisco. New battle lines may be drawn in top management as newly appointed board member Tesla (TSLA) – Get Tesla Inc Report Chief Executive Elon Musk and Twitter […]
Now, with many other investors in selling mode, he’s going shopping. What’s happening: Buffett’s Berkshire Hathaway just disclosed that it bought almost 121 million shares of HP worth about $4.2 billion, giving Buffett a stake of more than 11% in the technology company. HP (HPQ) shares are up 14% in premarket trading on Thursday. It’s […]
The cruise ship buffet may be the first thing many people think of when they envision taking a cruise. It’s a staple of cruising that has always represented the best and worst of people. On the one hand, buffets give you a chance to sample new foods, have a little bit of something decadent, and […]
News of the purchase sent shares of Twitter (TWTR) soaring 22% in early trading. Musk did not disclose what he paid for the shares, but his stake was worth $2.9 billion as of the close of trading Friday, and $3.5 billion after the spike early Monday. Musk’s filing did not disclose the purpose of the […]
The China Securities Regulatory Commission, the country’s top securities watchdog, has proposed changing a decade-old rule that forbids Chinese firms from sharing sensitive data and financial information with overseas regulators. The amendment might allow US regulators to inspect audit reports of Chinese companies listed in New York. That could end a dispute between the two […]
A rapidly escalating bird-flu outbreak in the US is contributing to a surge in egg prices and threatens to raise prices on other poultry products in the coming months as deaths continue to mount. Cases of highly pathogenic avian influenza so far have led to the deaths of more than 17 million birds, according to […]
This is undoubtedly news that will relieve Tesla’s (TSLA) – Get Tesla Inc Report rivals because it thwarts the electric vehicle manufacturer’s plans to increase its market share. Its chief executive officer Elon Musk seemed to have aligned the pawns well to keep Tesla’s rivals in the very lucrative market of electric vehicles at bay. […]
Jeff Bezos became a billionaire and one of the richest men in the world as the founder and long-time CEO of Amazon (AMZN) – Get Amazon.com, Inc. Report. He held that chair until July 2021 when he stepped aside to spend more time focused on his space company, Blue Origin. His replacement, Andy Jassy, may […]
About 60% of the $12.8 trillion in global currency reserves are currently held in dollars, giving the US an exorbitant privilege over other countries. And that privilege pays: Because US government debt backed by the dollar is very attractive, interest rates are lower. The US gets to borrow from other countries in its own currency […]
0