Tag: billion
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Warren Buffett is keeping quiet during the coronavirus crisis. We asked 8 Reddit users to speculate on what he’s doing.
Getty Images / Spencer Platt Warren Buffett has maintained a low profile since the coronavirus outbreak proceeds to shake niches. The billionaire manager of Berkshire Hathaway, armed with a $128 billion cash pile, could capitalize to reinforce his portfolio or throw a lifeline to companies because he did during the fiscal crisis. We asked investing…
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Mike Bloomberg would save nearly $4 billion on his tax bill under Joe Biden’s proposed plan compared to the ‘tax on extreme wealth’ Bernie Sanders wants
REUTERS/Carlo Allegri Mike Bloomberg’s tax bill could be almost $4 billion more economical under the tax policy of his candidate, Joe Biden, than under Bernie Sanders. Even after spending over $500 million in his campaign, Bloomberg remains among the wealthiest people in the country using a net worth of $58.4 billion. Bloomberg introduced his own…
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JPMorgan boosted its Tesla stake by 600% last quarter, potentially scoring it a $1 billion return
Getty Images JPMorgan Chase potentially made $ 1 billion over in Tesla in under two weeks. The lender’s investment arm boosted its position by 600 percent last quarter to approximately 2.5 million shares. Those shares have approximately tripled in value to $2.1 billion thanks to Tesla’s stock rally. JPMorgan sold in the perfect moment and…
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A famous hedge fund bought Tesla stock before it surged 91% this year. It potentially raked in over $1.5 billion from the bet.
AP Renaissance Technologies possibly made around $1.5 billion in two weeks after buying Tesla stock . The hedge fund increased its position on 3.9 million shares, worth about $1.6 billion in the end of December. These stocks are now worth nearly $3.2 billion following Tesla’s 91% inventory rally this year. If Renaissance bought Tesla at…
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Elon Musk made a $6 billion mistake when he bought SolarCity with Tesla stock
REUTERS/Mike Blake/File Picture Elon Musk created a $6 billion mistake when he utilized Tesla stock to get SolarCity at 2016. The stocks were worth $2.6 billion at the moment, but have soared 320 percent since then. Musk effectively paid $8.4 billion for SolarCity, more than triple what he planned to invest. Warren Buffett made the…
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Total and Opel Consider Gigafactory-Sized Battery Plants in France and Germany
French oil giant Total and European automaker Opel will collaborate having a maximum capacity of 48 gigawatt-hours, on electrical vehicle cell manufacturing. Complete, via its energy storage firm Saft, and Opel, part of France's Groupe PSA, will kick off the structure having an exploratory study and development pilot plant opening next season. Based on the…
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Lamar Hunt, late owner of the Kansas City Chiefs, was one of 15 children and an heir to the Hunt family dynasty, one of the richest families in America
Bettmann/Contributor/Getty Images The Hunt family is one of those richest families in America. Their luck came from H.L. Hunt’s early investments in American petroleum. H.L. had 15 children, a number of which are still very prominent in business now. His son, the late Lamar Hunt, was a founding member in the American Football League and…
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A Saudi airline is dropping a $6 billion order for 737 Max planes as Boeing’s crisis deepens
AMER HILABI/AFP/Getty Images Saudi Arabian airline Flyadeal has cancelled an order for almost $6 billion worth of Boeing 737 Max planes as the crisis with the jet continues. Flyadeal announced that it will order up to 50 planes from Airbus’ A320neo family, turning to the Max’s rival plane to give it an all-Airbus fleet. Other…
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Blackstone, Prologis among bidders for GLP’s US business: Report
Global private equity firm Blackstone and logistics REIT Prologis are said to be in fray to get the US performance of Singapore’s Global Logistics Properties (GLP) in a deal pegged at $20 billion, the Wall Street Journal reported. The acquisition is said to aim at building an industrial warehouse giant. The development follows news that…