Berkshire Hathaway, led by Warren Buffett, made headlines recently as it sold an additional 1.3 million shares of BYD, China’s largest electric vehicle maker. This move comes as the conglomerate continues to reduce its stake in the company, which was initially purchased in 2008. The decision to sell a portion of their holdings reflects Berkshire’s
Finance
Starboard Value, led by Jeff Smith, has recently acquired a substantial stake in graphics-design company Autodesk. The activist fund has engaged with Autodesk’s board to address several significant concerns regarding the company’s disclosures related to an internal investigation that ultimately led to the removal of its chief financial officer. Starboard’s stake in Autodesk is reportedly
In today’s market environment, investors are increasingly concerned about concentration risk and looking for ways to mitigate it. One strategy that is gaining popularity is investing in value-oriented exchange-traded funds (ETFs). These funds offer a more diversified approach compared to traditional index funds like the S&P 500, providing investors with exposure to companies with low
In today’s corporate world, the issue of employees abusing corporate expenses is all too common. A 2016 global survey of CFOs revealed shocking requests made by employees, such as doggie day spa visits, taxidermy services, dance classes, a side of beef, and even a welder. These bizarre requests highlight the lack of control that companies
In recent years, the fintech industry has undergone a significant transformation, with many industry insiders and investors suggesting that the sector has hit a “bottom.” Valuations have corrected from unsustainable highs seen during the industry’s peak in 2020 and 2021. This shift has led to a more rational market environment, moving away from the days
Foundation Robotics Labs, a humanoid robotics startup, has recently come under fire for making false claims and exaggerations in its investor pitch. The company, seeking the last $1 million in funds for an $11 million seed round, touted an investment from General Motors and a purchase order worth $300 million. However, GM has refuted these
The sell-off in GameStop shares on Wednesday intensified during afternoon trading, leading to a significant drop in the stock price. This sell-off coincided with a spike in trading volume in the call options owned by meme stock leader “Roaring Kitty”, whose real name is Keith Gill. Despite disclosing his portfolio on Monday night with 120,000
The Federal Reserve made a key decision to keep its interest rate unchanged and indicated that only one cut is expected before the end of the year. This came as a surprise to the markets, as there was hope for a more accommodative stance from the central bank. The Federal Open Market Committee decided to
Apple device users will soon have the option to utilize buy now, pay later loans from Affirm for their purchases. This collaboration between the two companies will allow U.S. Apple Pay users to access Affirm as a payment choice on their iPhones and iPads. The partnership aims to combine the convenience and security of Apple
As an investor, the looming question of when the next stock market crash will occur can be daunting. It’s crucial to understand the elements that typically foster a crash. Historically, a frothy stock market has often preceded market crashes. For example, the Panic of 1907 followed the biggest rally in the history of the Dow