Warren Buffett Cites Geopolitical Tensions as Reason for Sudden Sale of TSMC Stake
Billionaire investor Warren Buffett has revealed that Berkshire Hathaway’s decision to sell its stake in Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSC) was partly influenced by geopolitical considerations. In an interview with Nikkei, Buffett stated that the ongoing geopolitical tensions between the US and China had played a role in Berkshire Hathaway’s decision to divest […]
Twitter Blue Will Now Let You Post 10,000-Character Essays
Twitter, formerly known as a short-form blogging platform, has announced that its subscription service will now support long-form content of up to 10,000 characters, more than double the 4,000 announced in February. Twitter Blue subscribers will also be able to use bold and italic text formatting. Twitter also renamed its ‘Super Follows’ feature into the […]
Rick Rule: The Banking Crisis & The Future of the US Dollar
Today on the Daily Dive, we welcome back Rick Rule, President & CEO of Rule Investment Media. Rick joins us today to share his insights on the banking crisis, the Trudeau Foundation scandal, the future of the US dollar, and the central bank gold rush. We also talk about the price of gold, Rick’s preferred […]
Uber Is Allegedly Charging Users Based On … Battery Level
The ride-sharing giant was accused anew by some users of adjusting rates depending on the user’s battery level. Uber (NYSE: UBER) has firmly denied the connection between battery level and pricing but has not satisfactorily explained price differences for identical journeys. The theory was tested by the Belgian newspaper Dernière Heure. They booked a ride […]
US Consumer Sentiment Rises in April, But Inflation Expectations Remain High
Although US consumer sentiment rose slightly in April, the majority of Americans still foresee inflation rising over the next 12 months, despite the Federal Reserve’s efforts to cool the economy. The University of Michigan’s preliminary sentiment reading for April rose from 62 to 63.5, against Reuters forecasts calling for an unchanged print. “Sentiment is now […]
Sweden’s Top Pension Fund Fires CEO After SVB, Signature Bank Losses
In a move to regain investor faith, Sweden’s biggest pension fund has kicked out its CEO, “with immediate effect,” after losing $2 billion on Silicon Valley Bank and Signature Bank. Alecta announced on Tuesday that Magnus Billing would no longer be its chief executive. Under his leadership, the Swedish pension fund became one of the […]
Kyle Bass Says US Office Buildings Need to Be Torn Down
“It’s one asset class that just has to get redone, and redone meaning demolished,” Kyle Bass, founder and chief investment officer of Dallas-based Hayman Capital Management, said of office buildings across the US. Bass, who won big betting against subprime mortgages before the US housing collapse of 2008, believes that office demand is not coming […]
Newcrest Mining Enters Exclusivity Period With Newmont
It appears that Newcrest Mining (TSX: NCM) was enticed by the final offered made by Newmont Corp (NYSE: NEM) earlier this week. The two parties have reportedly entered into an exclusivity deed related to the proposed acquisition. The exclusivity deed will see Newcrest grant exclusivity to Newmont until May 12 so as to enable confirmatory […]
Parler Finally Acquired, Gets Temporarily Shut Down As Part Of Strategic Review
Parler, the conservative-geared social media app that mimics Twitter, has been acquired by Starboard, whom was formerly known as Olympic Media. Parler will join Starboard’s portfolio of right-leaning platforms, such as American Wire and BizPac review. “Parler’s large user base and additional strategic assets represent an enormous opportunity for Starboard to continue to build aggressively […]
Curaleaf Sees New Jersey Deny Renewal Of Adult Use License
Curaleaf (CSE: CURA) is reeling this morning after a decision by New Jersey’s Cannabis Regulator Commission Board to not renew the firms adult use license in the state. The decision was handed down following the Board’s annual meeting. The license renewal was denied on the grounds that Curaleaf winded down its operations at its Bellmawr […]