Sonali Ray, writer Brief news BlackRock is acquiring HPS Investment Partners for $12 billion to enhance its presence in the private credit sector, aiming to […]
Category: Market
Berkshire Hathaway has more than $300 billion in cash on hand after Buffett sells shares and stops buybacks.
Anamika Dey, editor Brief news Berkshire Hathaway’s cash reserves reached a record $325.2 billion in Q3 2023, up from $276.9 billion in Q2, as Warren […]
Warren Buffett reduced his ownership of Apple by around a quarter during the third quarter.
Anamika Dey, editor Brief news Warren Buffett has reduced Berkshire Hathaway’s Apple holdings for four consecutive quarters, selling about 25% of his stake, which has […]
For $16.4 billion, ADNOC of Abu Dhabi will acquire Covestro, a German chemical company
Sonali Ray, writer Brief news ADNOC has agreed to acquire Covestro for €14.7 billion, initiating a voluntary public takeover at €62 per share, representing a […]
Goldman CFO holds Fed’s massive interest rate drop puts U.S. on pace for gentle landing
Anamika Dey, editor Brief news Goldman Sachs CFO believes the U.S. economy is nearing a gentle landing due to a 50 basis point interest rate […]
UAE talks to TSMC, Samsung to establish semiconductor megafactories
Anamika Dey, editor Brief news Taiwan Semiconductor Manufacturing Co. and Samsung Electronics are exploring the construction of megafactories in the UAE, with potential costs exceeding […]
The U.S. needs more of this vital metal, which China controls 80% of
Brief news China controls the supply chain for essential minerals, including tungsten, which is crucial in guns, cars, batteries, electronics, and industrial cutting equipment. However, […]
Chinese EV makers Zeekr and Nio claim record June deliveries
Rohit Baniwal, writer Brief news Chinese electric car manufacturer Zeekr delivered a record number of vehicles in June, making its first half of the year […]
Crashed bitcoin exchange Mt. Gox will sell $9 billion in bitcoin
Brief news Mt. Gox, a Tokyo-based bitcoin exchange, is set to repay nearly $9 billion worth of tokens to thousands of users after a major […]
Oil Company Aramco’s stock soared after a sale that could result in $11.2 billion
Nandini Roy Choudhary, writer In brief Shares were being traded at 28.85 Saudi riyals ($7.69) on the Tadwul Saudi stock exchange at 1:40 p.m. local […]