Warren Buffett now has more than $325 billion in cash after continuing to unload billions of dollars worth of Apple and Bank of America stock this year and continuing to collect a steady stream of profits from all of Berkshire Hathaway’s various businesses without finding any major acquisitions. Berkshire said It sold more Apple shares … Read more
TikTok founder Zhang Yiming has become China’s richest man with a fortune of around $50bn (£38bn). The 41-year-old, dubbed the “King of Short Videos”, topped China’s Hurun Rich List for the first time with $49.3bn (£37.9bn). Mr. Yiming stepped down as CEO of ByteDance, TikTok’s parent company, in 2021. He is the 18th person to … Read more
Investors have long had a love affair with U.S. tech stocks from the boom cycle of the late ‘90s and early 2000s that famously ended with the dotcom crash, to the AI-induced heights of Nvidia’s current stock rally. Love affairs, though, often end badly, and this one could leave investors nursing both an aching wallet … Read more
This week’s $26 billion combination of two Texas oil companies is the latest in a series of deals that’s ushering in the era of Big Shale. Wall Street, which eyed the sector with skepticism for most of the last decade, appears to be all in. Diamondback Energy Inc.’s takeover of Endeavor Energy Resources LP announced … Read more
Diamondback Energy Inc. surged more than 10% after agreeing to buy fellow Permian Basin driller Endeavor Energy Resources LP in a $26 billion deal that’ll create the largest explorer focused exclusively on the western hemisphere’s busiest oil field. The agreement swells the value of recent shale takeovers to roughly $150 billion as oil executives scramble … Read more
“Right now the CEO of TikTok is probably sitting at home watching this show, eating an ice-cream, crying, seeing all of his exes in one room. And you know what, TikTok? Shame on you. Shame on you for ripping off all of these artists. How dare you do that? [Pause] That’s Spotify‘s job.” Daniel … Read more
P&C insurance agencies find themselves at a crossroads, where embracing Insurtech opportunities offers unprecedented opportunities for growth and innovation. However, traditional insurers navigating this landscape requires adaptability, a customer-centric approach, and a willingness to harness the power of technology while preserving the core values that make these agencies indispensable in the insurance world. As … Read more
“We will add another 200,000 skilled people to existing IT workforce,” says IT Minister Dr Umar Saif Caretaker IT Minister Dr Umar Saif is addressing event at a local hotel in Islamabad on November 23, 2023. — Ministry of IT and Telecommunication Caretaker Minister for Information Technology and Telecommunications Dr Umar Saif has unveiled … Read more