Recently, Russian lawmakers approved a new law that allows businesses in the country to use cryptocurrency for international payments. This decision comes at a time when Russia is facing financial pressure from Western sanctions. The State Duma, the lower house of the Russian Parliament, gave the initial approval to this groundbreaking legislation, which could have
Finance
Warren Buffett’s Berkshire Hathaway has been on a selling streak, shedding a significant portion of its stake in Bank of America for nine consecutive days. This suggests that the investment conglomerate is not just making minor adjustments to its longtime holding. The recent regulatory filing revealed that Berkshire sold a total of 18.4 million shares
The recent approval of spot ether exchange-traded funds by the Securities and Exchange Commission marks a significant milestone in the cryptocurrency markets. With firms like Franklin Templeton and VanEck launching their respective ETFs, investors are eager to capitalize on this new investment opportunity. Despite the initial enthusiasm surrounding the launch of spot ether ETFs, the
In a surprising turn of events this week, Berkshire Hathaway, headed by Warren Buffett, has been steadily decreasing its stake in Bank of America. Over the course of six consecutive trading days, the conglomerate has sold off a substantial amount of shares in the bank. On Monday, Tuesday, and Wednesday alone, Berkshire sold off 18.9
The British Labour government is currently in the process of updating plans to regulate the “buy now, pay later” industry. This decision comes after multiple delays in the implementation of BNPL legislation in Britain. The government initially outlined plans to regulate the sector back in 2021 but has faced setbacks since then. The “buy now,
In a recent report by Bank of America analysts, it was revealed that four of the world’s largest semiconductor equipment manufacturers, such as ASML, have experienced a significant increase in their China revenue since late 2022. The report highlighted that China has ramped up its purchases of semiconductor manufacturing equipment in response to tighter export
Alphabet, the tech giant, experienced a slight decline of 1% in extended trading despite beating both top and bottom line expectations in the second quarter. While the company reported earnings of $1.89 per share on $84.74 billion in revenue, which surpassed consensus estimates of earnings of $1.84 per share on $84.19 billion in revenue, the
The recent surge of money flowing into small caps has caught the attention of many investors and financial experts. Dave Nadig, a prominent ETF journalist and financial futurist, believes that this trend is not just a rotation from winning growth trades. According to him, investors are simply “buying, buying, buying.” This has led to a
In response to increasing trade tensions, top Chinese officials have emphasized the country’s dedication to focusing on its own affairs. Deputy Director Han Wenxiu highlighted the importance of ensuring the stable and healthy development of the real estate market, accelerating the growth of emerging industries, and expanding domestic demand, particularly in consumption. This emphasis on
In the year 2022, President Joe Biden signed the Inflation Reduction Act, which not only had significant rules related to consumer tax breaks for electric vehicles but also included a $7,500 federal EV tax credit that could be accessed by consumers through leasing a car. This tax credit, known as the “qualified commercial clean vehicles”