Warren Buffett’s Berkshire Hathaway has been consistently selling off Bank of America shares over the past 12 days. The latest regulatory filing reveals that the conglomerate shed 19.2 million BofA shares for almost $779 million, bringing the total sales to over $3.8 billion. With the recent selling activity, Bank of America has slipped from being
selling
Navigating the volatile world of cryptocurrency investments is a challenging task, especially when faced with looming political and economic uncertainty. The ever-changing landscape, influenced by factors such as Federal Reserve interest rate news and policy proposals, makes it nearly impossible to predict future cryptocurrency prices. However, experts suggest that there are still smart tax moves
Berkshire Hathaway’s recent streak of selling its Bank of America stake over the course of nine consecutive days has raised eyebrows in the financial world. The conglomerate sold a substantial 18.4 million shares of the bank, amounting to $767 million at an average price of $41.65. This trend has continued over the past nine trading
Cryptocurrency, specifically bitcoin, has been a hot topic in the investment world with its price hovering around $70,000. Investors, both new and seasoned, must consider the tax implications of trading and owning digital assets. As the price fluctuates and regulations evolve, it’s crucial to stay informed about how to handle taxes on cryptocurrency transactions. The
Following a challenging second quarter, McDonald’s executives are working on a plan to recapture consumers with value meal deals. The company’s U.S. President, Joe Erlinger, highlighted the struggles faced by McDonald’s in selling diners on affordability, while also acknowledging the ongoing industry and competitive challenges that are expected to persist throughout the year. In a
As Tesla prepares to announce its second-quarter earnings, the pressure is on for the electric vehicle giant to prove its resilience amidst a tumultuous period. With the company having faced challenges in the form of layoffs and declining vehicle deliveries, investors are eagerly awaiting to see if Tesla can bounce back. According to analysts surveyed
Berkshire Hathaway, led by Warren Buffett, made the decision to trim its significant Bank of America holding for the first time in over 4 years. This move comes after the bank’s strong performance throughout 2024. The conglomerate sold a total of 33.9 million shares of Bank of America in separate sales conducted on Wednesday, Thursday,
In a recent court ruling, Michelle Mack, the mastermind behind a massive organized retail crime operation that targeted Ulta Beauty and other major retailers, has been sentenced to more than five years in a California state prison. Living in Bonsall, California, Mack was a central figure in a network of individuals who stole millions of
Penn Entertainment, a major player in the media and gaming industry, has recently announced that it will be laying off approximately 100 employees in order to focus on the growth of ESPN Bet. This decision was communicated to staff members through an internal memo by CEO Jay Snowden, who emphasized that these changes are necessary
Adidas shares jumped up after the company announced a significant increase in its full-year 2024 earnings guidance. This news came following a strong performance in the second quarter, surpassing expectations. The German sportswear giant is now anticipating its operating profit to hit around 1 billion euros by the end of 2024, a notable increase from