Image by unbekannt - https://ark-invest.com/wp-content/uploads/2020/04/ark-logo-1-1.svg, Public Domain, https://commons.wikimedia.org/w/index.php?curid=102251619 Turning to Twitter, Wood wrote: “To his credit, Michael Burry made a great call based on fundamentals and recognised the calamity brewing in the housing/mortgage market. I do not believe that he understands the fundamentals that are creating explosive growth and investment opportunities in the innovation space.” […]
The Amazon founder’s space company has argued that the contract was unfairly awarded to SpaceX and has filed a suit with the US Court of Federal Claims. In a statement, Blue Origin said: "We firmly believe that the issues identified in this procurement and its outcomes must be addressed to restore fairness, create competition, and […]
According to a regulatory filing on Friday, George Soros’ investment firm, Soros Fund Management, sold $194.4 million of ViacomCBS Inc, $77 million of Baidu Inc shares and $46.4 million of stock in Vipshop Holdings Ltd. Soros’ firm also liquidated positions in Discovery Inc and Tencent Music Entertainment Group. Archegos, the family office that manages the […]
The Senate’s $1.2 trillion infrastructure bill has yet to be passed through the House but would provide the Department of Energy with $25 billion for projects that showcase the viability of clean energy technology for widespread adoption. This £25 billion would come as part of the bill’s broader investment in programmes to tackle the climate […]
On Tuesday, a watchdog reported that the space agency’s current programme is behind schedule and will cost over $1 billion. In a tweet, Musk said that his company SpaceX could produce the spacesuits if need be. In the past, SpaceX has developed and produced flight suits for astronauts who launched into orbit on the company’s […]
Cascade Investment, Gates’ investment vehicle, transferred 3.3 million shares of automotive retail AutoNation to French Gates on Thursday. The 3.3 million shares hold a collective worth of $387 million. Gates also transferred 2.8 million shares, worth $1 billion in total, of the manufacturer Deere & Co. to his ex-wife through his investment vehicle, as well […]
Brooks stood as acting US Comptroller of the Currency from May 2020 to January 2021, having previously served as Chief Legal Officer of Coinbase Global. He became chief executive officer of Binance US at the start of May this year. However, during Brooks’ short time as CEO, Binance faced several regulatory issues around the world. […]
Frasers Group, which owns Sports Direct, House of Fraser, and designer fashion chain Flannels, has said it is holding discussions about transitioning the chief executive role to Michael Murray, who is currently Frasers Group’s head of elevation. Murray began assisting Ashley with personal property deals after meeting his daughter in 2011. He then began working […]
According to Forbes, Rihanna is now worth an estimated $1.7 billion, making her the wealthiest female musician in the world and the second richest female entertainer after TV host and philanthropist Oprah Winfrey. The majority of Rihanna’s fortune stems from the value of Fenty Beauty, which the singer launched in September 2017 and currently owns […]
At the last count, Berkshire Hathaway owned 152 million shares of American Express, giving the company a 19% stake. American Express’ stock price has rocketed this year, raising the value of Berkshire Hathaway's position to $26 billion, up from $18 billion at the start of 2021. This year, the financial services group has been one […]
Bill Gates and Melinda French Gates were one of the most prominent couples in global business, working together at Microsoft between 1987 and 1996. The couple married in 1994 and launched the Bill & Melinda Gates Foundation in 2000. However, more recently, Melinda expressed her discomfort with her husband’s connection with billionaire investor and convicted […]
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