Buffett’s Berkshire Increases Stake in Chevron and Occidental

Buffett’s Berkshire Increases Stake in Chevron and Occidental

Warren Buffett’s Berkshire Hathaway portfolio in Q4 2023, as of Dec 31, 2023 was valued as $347.4 billion. Among the notable changes, Berkshire sold out of its entire stake in homebuilder DR Horton (valued at $641MM in Q3), Markel ($234MM), StoneCo...
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A Million Toyota, Lexus Cars Recalled over Airbag Sensor

A Million Toyota, Lexus Cars Recalled over Airbag Sensor

Toyota has announced the recall of about a million Toyota and Lexus vehicles from 2020 through 2022 model years. The problem is an incorrectly manufactured sensor in the front passenger seat that could short-circuit, potentially causing the airbag to fail in....
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Polaritons open up a new possibilities in the semiconductor tech

Polaritons open up a new possibilities in the semiconductor tech

At the nanoscale of today’s most cutting-edge semiconductors, a phonons don’t remove enough heat. That’s why Purdue University researchers are focused on opening a new nanoscale lane on the heat transfer highway by using hybrid quasiparticles...
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BoE Holds Rates At 15 Year High, Warns “Still Some Way To Go”

BoE Holds Rates At 15 Year High, Warns “Still Some Way To Go”

But rate-cut expectations are rising nevertheless. The Bank of England – as was expected – held interest rates steady at 5.25% (in a 6-3 vote – also expected, with Greene, Haskell, and Mann all pushing for another 25bps hike). With rates at...
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JPMorgan: Americans running out of savings

JPMorgan: Americans running out of savings

Marko Kolanovic from JPMorgan warned: “It is likely that only the top 1% of consumers by income will be better off than before the pandemic,” he warned, noting the recent surge of credit card and auto loan delinquencies and a...
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Fidelity files for spot Ethereum ETF

Fidelity files for spot Ethereum ETF

Fidelity Investment has filed for a spot ether ETF, following its spot bitcoin ETF application. Asset management giant Fidelity Investment has filed for a spot ether ETF, in the footsteps of its spot bitcoin ETF application. “To this point, approval...
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Germany To Bail Out Siemens’ Desperate Wind Turbine Division

Germany To Bail Out Siemens’ Desperate Wind Turbine Division

As the top analyst here at the PressClub World predicted a few years ago, the Siemens wind turbine division is now a ‘hot potato’. Siemens Energy, facing significant losses, is in talks for up to 15 billion euros in guarantees,...
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Berkshire Hathaway: Investment Loss of $24.1 Billion, Cash $157 Billion

Berkshire Hathaway: Investment Loss of $24.1 Billion, Cash $157 Billion

Warren Buffett’s Berkshire Hathaway reported its first quarterly loss in a year while operating earnings jumped by 40% and the firm’s cash reserves reached a record $157.2 billion. The quarterly loss has been heavily attributed to the company&#8217...
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The Role Of Spike Protein In Myocarditis And Blood Clotting

The Role Of Spike Protein In Myocarditis And Blood Clotting

Spike Protein Found in COVID-19-Vaccinated Myocarditis Patients Studies of COVID-19-vaccinated patients diagnosed with myocarditis found spike protein in the patients’ blood and heart muscles but not in those without myocarditis. Found in Blood The full-leng...
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PayPal Launches PYUSD – USD-Backed Stablecoin For Payments Purpose

PayPal Launches PYUSD – USD-Backed Stablecoin For Payments Purpose

American financial technology company PayPal launched a new crypto stablecoin called PayPal USD (PYUSD) on Aug. 7. The new US dollar-backed stablecoin will be issued by Paxos Trust Co. and fully backed by United States dollar deposits, short-term Treasurie...
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Germany’s Uniper To Invest $8.8 Billion In Green Energy

Germany’s Uniper To Invest $8.8 Billion In Green Energy

German energy giant Uniper, which was bailed out by the government last year, pledged on Tuesday to invest more than $8.8 billion (8 billion euros) in green energy by 2030 as it looks to become a greener energy provider faster than previously...
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Raytheon Accumulated a Backlog of $185 Billion

Raytheon Accumulated a Backlog of $185 Billion

Raytheon has called in retired engineers to teach its employees how to build the Stinger missiles heavily used by Ukraine’s military—using blueprints drawn up during the Carter administration. It’s the latest example of a private company working to ramp ...
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Alibaba CEO Daniel Zhang to step down

Alibaba CEO Daniel Zhang to step down

Daniel Zhang, who has been the Chinese conglomerate’s chief for eight long years, is being replaced. Eddie Wu, now chairman of Alibaba’s online shopping arms Taobao and Tmall, will take over as chief executive. Zhang, who became chairman in 2019, will...
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Study: Longevity Isn’t Really About Our Genes

Study: Longevity Isn’t Really About Our Genes

A new study adds to mounting evidence that our health and longevity are primarily a result of our environment and lifestyle. The authors of the study, published in the Human Kinetics Journal, sought to analyze the relationship between physical activity and s...
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Countering the counter-offensive

Countering the counter-offensive

Newest news about Leopards in Zoo: “The Ukrainian Armed Forces’ total losses in south Donetsk direction were over 1,500 servicemen, 28 tanks, including eight German-made Leopard tanks and three French-manufactured AMX-10 wheeled tanks, as well as 109 o...
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