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Berkshire Hathaway posts massive $43.8 billion loss; operating results improve

Berkshire Hathaway posts massive $43.8 billion loss; operating results improve

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. REUTERS/Scott Morgan//File Photo Register now for FREE unlimited access to Reuters.com Register Aug 6 (Reuters) – The slide in U.S. stock prices …

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Amazon is buying Roomba vacuum cleaner maker iRobot for $1.7 billion : NPR

Amazon is buying Roomba vacuum cleaner maker iRobot for $1.7 billion : NPR

An iRobot Terra lawn mower is shown in Bedford, Mass., on Jan. 16, 2019. Amazon on Friday announced an agreement to acquire iRobot for approximately $1.7 billion. iRobot sells its robots worldwide and is most famous for the circular-shaped Roomba vacuum. Elise Amendola/AP hide caption toggle caption Elise Amendola/AP An iRobot Terra lawn mower is …

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MicroStrategy founder Michael Saylor once lost $6 billion in a day. His big bet on Bitcoin might sink him once and for all

MicroStrategy founder Michael Saylor once lost $6 billion in a day. His big bet on Bitcoin might sink him once and for all

It was the early hours before MicroStrategy’s IPO in 1998, but founder Michael Saylor wasn’t assuaging big investors or running through projections, or even putting champagne on ice. Ensconced in a $10,000-a-night three-story rooftop suite at Manhattan’s Palace Hotel, he found his attention captured by something else entirely: the suite’s private elevator. He was so …

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AMTD Digital market cap shoots from $1 billion to $400 billion: What is it and who is behind it?

AMTD Digital market cap shoots from $1 billion to $400 billion: What is it and who is behind it?

What in the world is AMTD Digital, and who is behind it?  That’s the question many investors are asking themselves after an unknown company out of Hong Kong managed to join the ranks of the global megacaps worth around a half-trillion dollars on Tuesday. It started when the American Depository Share (ADS) with the ticker …

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AMTD Digital stock is up more than 21,000% since its July IPO

AMTD Digital traded under ticker HKD is valued at nearly $140 billion

AMTD Digital is the newest meme stock Meme stocks were the craze during the pandemic as individual traders with lots of time on their hands jumped online and into stocks en masse. They discovered that. together, they could drive up stock prices and squeeze out hedge funds to push shares to extraordinary heights. 21,426% – …

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$8.5 billion profit for BP as prices soared during Russia-Ukraine war

$8.5 billion profit for BP as prices soared during Russia-Ukraine war

Comment on this story Comment LONDON — BP reported a profit of $8.5 billion for its second quarter on Tuesday, its biggest windfall in 14 years, making it the latest oil giant to cash in on higher crude prices as Russia’s war in Ukraine disrupts global energy markets. Just days earlier, the two largest U.S. …

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