Billionaire investor Warren Buffett, who previously described Bitcoin (BTC) as “rat poison squared,” made a sharp U-turn as Berkshire Hathaway disclosed a massive stake in Brazilian bank Nu Holdings, which has its own crypto platform. According to a November 2024 13F filing with the US Securities and Exchange Commission, Berkshire Hathaway disclosed holding over 86.43 … Read more
TD Bank Group, which is mired in a money-laundering scandal in the U.S., said Raymond Chun will replace chief executive Bharat Masrani, who is retiring next year. Chun, who stepped into the role of head of Canadian personal banking last December, will become chief operating officer on Nov. 1 before taking over the top job … Read more
Tupperware Brands, the company that revolutionized food storage decades ago, has filed for Chapter 11 bankruptcy protection. Tupperware, based in Orlando, Fla., plans to continue operating during the bankruptcy proceedings and will seek court approval for a sale, “in order to protect its iconic brand,” the company said just before midnight on Tuesday. The company … Read more
Apple’s ubiquitous iPhone is about to break new ground with a shift into artificial intelligence that will do everything from smartening up Siri to creating customized emojis on the fly. “The next generation of iPhone has been designed for Apple Intelligence from the ground up. It marks the beginning of an exciting new era,” CEO … Read more
The data of nearly all customers of the U.S. telecommunications giant AT&T was downloaded to a third-party platform in a security breach, the company said Friday, as cyberattacks against businesses, schools and health systems continue to spread globally. The breach, most of which took place over five months in 2022, hit customers of AT&T’s cellular … Read more
The Securities and Exchange Commission (SEC), Nigeria’s capital market regulatory institution, has warned against investing in Davido’s meme coin, $Davido. Meme coins are cryptocurrencies inspired by internet jokes and memes. They often have a light-hearted or humorous theme, and social media hype and celebrity endorsements can heavily influence their value. The Grammy-nominated singer launched $Davido … Read more
Shares of the US consumer electronics retailer Best Buy have showcased upward momentum, returning 8.54% in the last five days, despite the company recently posting a drop in quarterly sales. Best Buy’s sales revenue for the quarter ended May 4 declined by 6.1% to $8.84 billion from $9.46 billion. However, the company managed to preserve … Read more
New York Mets owner and billionaire investor Steven A. Cohen moves with speed and agility when it comes to investing. Cohen’s high-risk, high-reward investing approach has earned him a personal wealth of $19.8 billion. He is the founder of the now-defunct and one of the most successful hedge funds, SAC Capital Advisors, which was charged … Read more
Live Nation Entertainment said on Friday it was investigating a data breach at its Ticketmaster unit that it discovered on May 20, the latest in a string of high-profile corporate hacks in the past year. In a filing with the U.S. Securities and Exchange Commission, Live Nation said it found “unauthorized activity” in a third-party … Read more
Former Microsoft CEO and philanthropist Bill Gates has used his wealth to create a unique art collection over the decades. In 1998, he purchased Winslow Homer’s “Lost on the Grand Banks” masterpiece for $36 million, a then record buy. Gates’ most intriguing addition to his artefact collection could be Leonardo da Vinci’s handwritten scientific journal, … Read more
