Tesco, Britain’s largest supermarket group, announced on Monday that it would continue its share buyback program with a second tranche of repurchases worth up to £400 million (approximately $515 million). The previous tranche, which bought …
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Berkshire Hathaway Sells $1.48 Billion Bank of America Shares
Berkshire Hathaway, the investment conglomerate led by Warren Buffett, has sold approximately 33.9 million shares of Bank of America this week, generating roughly $1.48 billion in proceeds. This move follows a series of transactions and …
Continue readingSpain’s Economy Set for Growth Surge, Forecasts Upgraded
Spain’s economy is poised for a significant growth spurt, with revised forecasts pointing to a 2.4% expansion in 2024 and 2.2% in 2025. This upward adjustment follows a strong performance in the first half of …
Continue readingBitcoin Struggles to Break $60,000, Shiba Inu Faces 13% Drop, Solana Consolidates
The cryptocurrency market is experiencing mixed signals as Bitcoin struggles to break through the crucial $60,000 level, while Shiba Inu faces a potential 13% drop and Solana consolidates its position. Bitcoin’s recent attempts to break …
Continue readingEquinix Mulls Minority Stake Sale in Hong Kong Data Centers Amid AI Boom
Global data center operator Equinix is considering selling a minority stake in its Hong Kong facilities, valuing the assets at around $2 billion. The move comes as the company seeks to capitalize on the booming …
Continue readingTaiwan President Thanks Micron CEO for Trust and Investment in Semiconductor Industry
Taiwan President Lai Ching-te made a rare public gesture towards a senior foreign tech executive by meeting with Micron CEO Sanjay Mehrotra. The meeting, which took place amidst heightened tensions between Taiwan and China, signaled …
Continue readingGM to Invest $900 Million in Michigan Plant for EV Production
General Motors (GM) is set to invest at least $900 million to retool its Lansing Grand River Assembly Plant in Michigan for electric vehicle (EV) production. This announcement came from Energy Secretary Jennifer Granholm, who …
Continue readingIntel Leads Investment in Israeli AI Construction Startup Buildots
Israeli construction technology startup Buildots has secured $15 million in funding, led by Intel Capital. The investment, which also included participation from OG Tech Partners and previous investors, brings Buildots’ total funding to $121 million. …
Continue readingEA or Roblox: Jefferies Analyst Weighs in on Gaming Stocks
Jefferies analysts have initiated coverage on Electronic Arts (EA) with a Buy rating and Roblox (RBLX) with a Hold rating. They see EA as a more attractive investment due to its strong game pipeline and …
Continue readingSpace Startup Funding Soars Amid Geopolitical Tensions
Space startups saw a surge in funding during the second quarter of 2023, attracting $2.41 billion in global investments. This marks the third consecutive quarter of growth, driven by increased government spending and geopolitical tensions. …
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