Elon Musk is About to Wipe Out Warren Buffett’s Biggest Business

2019-5-13 17:10

By CCN: A new report out of ARK Invest is wildly bullish on self-driving technology powered by the likes of Tesla and Uber. But the autonomous revolution will come at a huge cost for Warren Buffett’s biggest business: insurance.

The firm, which manages $3 billion assets, says the car insurance industry faces its “biggest threat in history” as Elon Musk and others ramp up self-driving networks. In the next 5-10 years, as riders may increasingly choose to travel on autonomous taxi networks, the auto insurance industry (a $220 billion market) will face the biggest threat in its history, a collapse

The post Elon Musk is About to Wipe Out Warren Buffett’s Biggest Business appeared first on CCN

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Источник: ccn.com

biggest business → Результатов: 95

Ocean Protocol is Now Trading on Bittrex International After Raising $6 Million in Initial Exchange Offering

With the recent spike in Bitcoin’s price, more and more crypto traders and companies are entering the increasingly expanding cryptoverse. It is true especially for companies involved in expanding the influence and utility of blockchain technology in high-tech areas like data, IoT, smart cities, and more.

2019-5-13 12:15	Sponsored Stories
ocean data protocol offering companies exchange international

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Jeff Bezos Mingles with Hollywood Celebs after $35 Billion Divorce

By CCN. com: Jeff Bezos — the richest man in the world — took some time off from destroying rival Walmart and engaging in space wars with Elon Musk to attend the 2019 Met Gala in New York. Despite being a business mogul and not an entertainer, Bezos managed to outshine some of Hollywood’s biggest celebrities at the star-studded event.

2019-5-8 09:07	Jeff Bezos
bezos jeff hollywood met kim gala attend

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China’s Huawei Quashes Analyst’s Bullish Apple Stock Price Prediction

By CCN: Wall Street is showering love on Apple’s stock. The iPhone maker recently hit a $1 trillion valuation. Analysts and investors are willing to overlook the problems with the company’s second-quarter earnings report, including Gene Munster.

2019-5-2 00:26
apple stock munster huawei hit company 350

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UK’s Biggest Business Travel Agency Now Accepts Bitcoin

UK’s biggest travel management company is now accepting bitcoin for payments after “increasing demand” from clients. The move also hints that its retail travel giant parent-company Flight Centre Group could soon accept BTC company-wide.

2019-4-17 11:30	UK
travel bitcoin biggest management company accepts btc

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Canadian Province Offers Low-Cost Energy Incentives to Bitcoin Miners

They’re doing it in British Columbia, Quebec, Manitoba, Alberta and Labrador — bitcoin miners in Canadian provinces are taking advantage of the country’s cool climate and abundant supplies of hydroelectric power.

2019-4-17 20:52	Mining
bitcoin power labrador miners energy province rates

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One of World’s Biggest Travel Companies is Now Accepting Bitcoin

Corporate Traveller, a division of Flight Centre Travel Group, one of the largest travel companies in the world headquartered in Australia, has begun to accept payments using cryptocurrencies like bitcoin.

2019-4-16 18:40	Bitcoin
travel bitcoin companies world one payments business

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4 scenarios where hiring an offsite dev team makes sense

What is the biggest problem of every Silicon Valley startup founder? Finding developers. What is the average annual salary for a senior engineer in Silicon Valley? Well, it is over $100K, which is pretty expensive for any young, yet promising company.

2019-4-14 22:30	Podium
offsite startup silicon many development salary valley

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Japan’s Biggest Bank Confirms Launch of Digital Currency ‘Coin’ in 2019

Following months of speculation about its proposed release date, Japan’s largest bank, Mitsubishi UFJ Financial Group Inc. has finally announced plans to launch its long-awaited in-house digital currency.

2019-4-13 13:22
coin japan 2019 currency bank launch digital

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Trade Organization ICC Eyes Blockchain Adoption for Its 45 Million Members

The world's biggest business organization is making blockchain available to its many members including Amazon, Coca Cola, McDonald's and PayPal.

2019-4-12 09:00	Trade
members blockchain organization many available amazon coca

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David Schwartz of Ripple Slays April 1st With Totally Ad Lib Routine

The worst thing about April Fools’ Day is reading the statements of serious business people and wondering if they can be taken seriously. Yesterday introduced a rich vein of crypto comedy, from our own announcement of Justin Sun’s Nobel Nomination to the proclamation of an IEO on Dogecoin.

2019-4-3 23:24	XRP
april routine schwartz crypto david lib ripple

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Ripple’s XRP Coin Becomes The Biggest Pledged Asset Class On CredEarn With 9% Earning Interest

XRP Becomes The Biggest Pledged Asset Class On CredEarn With 9% Earning Interest In the current bear market, lending businesses are gaining increasing traction and making good business. Now, on Cred platform, among the top cryptos that is Bitcoin and Ethereum, XRP emerged as the biggest pledged digital asset. CredEarn is a solution by Cred […]

2019-3-29 19:47	News
asset credearn pledged biggest xrp cred earning

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Bitcoin Futures Kingpin Reveals Why Regulators Hate Crypto

Bitcoin might have taken the financial world by surprise. But regulatory squeamishness ensures that it is still far away from gaining mainstream adoption on Wall Street, according to Terry Duffy.

2019-3-27 02:00
bitcoin duffy governments supply regulators away cme

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Avaloq Wealth Management Banking Software Firm Joins the Ethereum Enterprise Alliance (EEA)

Avaloq is among the most significant international software service providers at the moment. The Fintech Company is also a business process service provider (BPaaS) serving many wealth managers and multiple banks.

2019-3-21 05:51	News
avaloq wealth software banking service digital core

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Circle CEO: Circle Is Weathering the Cryptocurrency Market Decline Just Fine

In an interview with Fortune published on March 18, Circle CEO Jeremy Allaire said that the bear market has diminished investors’ interest in the emerging market and affected Circle’s Over-the-counter (OTC) trading business that has historically proven to be the firm’s biggest source of income.

2019-3-20 19:59	Cryptocurrency
circle market cryptocurrency ceo allaire said firm

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Sats Back: How the Ebates of Bitcoin Plans to Convert Holders to Spenders

“The biggest problem I could think of was distribution. How do you share and educate both consumers and merchants on the power of bitcoin? I learned how much consumers loved earning and why merchants make decisions to adopt new technology.

2019-3-19 23:06	Adoption
bitcoin adelman x27 lolli people said ebates

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Cryptopia Returns, Restores User Balances to Pre-Hack State

Cryptopia has relaunched its website and restored its users’ balances to their pre-hack state, as confirmed by their official Twitter account on March 5, 2019. Back in Business One of the biggest stories of early 2019 was the hack of New Zealand-based exchange Cryptopia in January 2019 which led to the loss of $16 million.

2019-3-7 21:00	News
2019 cryptopia balances pre-hack state million blockchain

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Donald Trump Plots to Leverage UK Brexit Chaos for US Meat Farmers

Anyone following Brexit developments will know that it is all a bit of a mess, with no clear direction. With PM Theresa May’s deal explicitly rejected, a no-deal exit is now a real threat. Despite this, one of the biggest Brexit headlines making the rounds today is nothing to do with the “Withdrawal Deal”.

2019-3-6 13:20	EU
brexit trump donald deal chaos leverage meat

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How enterprise social media like Slack can improve well-being in the workplace

We live in a world where technology is increasingly ubiquitous and showing no signs of slowing down. Whether in our professional or personal lives, the always-on, always-connected nature of life in 2019 seems to be unavoidable.

2019-3-3 16:30	Contributors
social media issues user privacy practices business

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BlackRock CEO Blasts UK for ‘Irresponsible’ Brexit Delays, Plans Exit to US & Europe

The head of the world’s biggest asset manager, BlackRock, has lashed out at the “irresponsible” British government as Brexit draws closer. In an interview with CNBC Squawk Box, CEO Larry Fink confirmed that BlackRock was moving more of its operations out of London.

2019-2-25 16:27
brexit blackrock plans delays ceo irresponsible out

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Amazon’s Flailing China Unit Plots Major Merger to Challenge Alibaba

Talks are underway to merge Amazon’s Chinese venture with NetEase-owned Kaola, according to business publication Caijing. Kaola is a Chinese e-commerce firm which specializes in selling imports.

2019-2-20 21:47
chinese kaola amazon alibaba china business publication

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Did JP Morgan Miss The Point Of Cryptos, and What Effect Will JPM Coin Have?

It’s only February and already, we’ve had one of the biggest announcements in the crypto industry. JP Morgan announced yesterday that it had successfully trialed the JPM Coin. It will use it for its $6 trillion wholesale payments business as well as securities transactions.

2019-2-15 21:06
jpm coin morgan cryptos had point miss

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Morgan Stanley to Spend $900 Million in Biggest Acquisition Since 2008 Crisis; Will the Trump Admin Approve?

Morgan Stanley is shelling out $0. 9 billion to acquire stock-plan firm Solium Capital. The acquisition of the firm that mainly specializes in offering Software-as-a-Service for managing employee share plans, ‘financial reporting and compliance’ is expected to bolster Morgan Stanley’s wealth management business.

2019-2-15 13:32
morgan stanley solium acquisition biggest stock 900

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Austria’s Biggest Blockchain Summit to Host EU Ministers, Commissioners, and Royalty Speakers

The biggest blockchain summit in Austria and Europe as a whole is expected to host notable speakers that include EU ministers and commissioners. According to a press release, the conference will focus on promoting discourse between the public and various business sectors.

2019-2-10 08:43	News
promoting conference release austria press speakers focus

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Softbank CEO is $5 Billion Richer after Masterminding Company’s Biggest-Ever Stock Buyback

Another day, another $5 billion in the purse for SoftBank’s Chief Executive Officer Masayoshi Son. The Japanese business mogul saw a boost to his net worth after he maneuvered the biggest stock buyback in his company’s history.

2019-2-7 18:21
buyback billion stock company softbank son masterminding

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Chainalysis: Darknet Market Activity Nearly Doubled Throughout 2018

Darknet markets are going as strong as ever, if Chainalysis data is to be believed. In its latest Crypto Crime Report, published earlier this week, blockchain analytics firm Chainalysis reports that darknet market activity has nearly doubled throughout 2018.

2019-2-1 00:35
darknet markets bitcoin chainalysis activity market enforcement

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Biggest Bank in Belarus May Launch a Cryptocurrency Exchange

The biggest bank in Belarus is reportedly looking into launching a cryptocurrency exchange platform. Belarusbank Studying Crypto Exchange Business The Chairman of the Board at Belarusbank, the country’s largest bank, has said that they are studying the opportunity of creating a cryptocurrency exchange platform.

2019-1-28 17:00	Cryptocurrency Exchange
exchange belarus cryptocurrency bank biggest platform belarusbank

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Another billion dollar year for BitPay as B2B world opens up

BitPay, the world’s biggest bitcoin payment processor, reports over $1 billion in transactions as the business to business sector shows growth in bitcoin payments – despite the bear market.

2019-1-27 15:00	BNC insights
bitcoin business world bitpay billion transactions market

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Mobile Bitcoin Wallet BRD Raises $15 Million, Plans for Expansion in Asia

Cryptocurrency mobile wallet provider BRD wants to accelerate its international expansion, and it has secured $15 million to do it. The Series B funding round was raised from SBI Crypto Investment, a subsidiary of Japanese financial giant SBI Holdings.

2019-1-26 20:04	Bitcoin
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Could Ripple Really Take on the Banks With XRP?

Ripple, which is based in San Francisco is one of the biggest blockchain and cryptocurrency companies in the world. It is the majority holder of XRP, a top 3 cryptocurrency by market cap and wants to get a share of the $2 trillion cross-border payments business.

2019-1-9 22:09	ripple
xrp ripple cryptocurrency blockchain could take really

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San Francisco’s “Bitcoin Mafia”: How Bitcoin Started in the City on the Bay

The early Bitcoin community in San Francisco was originally comprised of revolutionaries: Individuals who believed in the freedom and opportunity that a permissionless distributed system would bring the world.

2019-1-4 00:06	Adoption & community
bitcoin had san 2013 out francisco people

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Why Ohio’s State Treasurer Backs Decision to Accept BTC For Tax Payments

As tax season is rapidly approaching, some states, like Ohio, have decided to set a new standard for the rest of the country to follow. Back in November, Ohio became the first state in the U.

2019-1-3 20:53	Adoption & community
ohio state pay taxes mandel bitcoin cryptocurrency

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Possible Reasons why PayPal is relaxing its policy on Cryptocurrency

PayPal is the biggest player in the online payment business for customers and businesses just as Amazon and Google are in the online retail business and search engine respectively. However, it could be observed that it was one of the businesses that strongly opposed using and support for Cryptocurrency.

2018-12-19 13:26	paypal
cryptocurrency paypal online business businesses possible reasons

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Belarusian Crypto Users Lose Access To Binance Services In New Economic Sanctions

One of the biggest inconveniences in the cryptocurrency world is the way that various countries restrict it with their regulatory measures. However, economic policies outside of cryptocurrencies, like bans against doing business with certain countries, can lead platforms to modify their policies on the areas that they are willing to function in. Users in Belarus […]

2018-11-30 07:09	News
policies economic countries users business doing bans

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Ohio Starts Accepting Bitcoin for Tax Payments

Ohio has become the world’s biggest jurisdiction and the first US state to accept bitcoin for tax payments from any business in the area. Any of the nearly 12 million... The post Ohio Starts Accepting Bitcoin for Tax Payments appeared first on Trustnodes.

2018-11-26 15:47	USA
tax ohio payments bitcoin any starts accepting

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Korea’s KAIST University Adds Blockchain Application Courses to Curriculum

South Korea’s leading technology university, the Korea Advanced Institute of Science and Technology (KAIST), is working with Theta Labs, the first blockchain-based video delivery system, to introduce students to an entirely new set of coursework regarding the applications of blockchain technology.

2018-11-15 01:26	Adoption & community
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Wealthiest Man In India Sees His Company Embrace Blockchain Technology

India’s Reliance Industries Embraces Blockchain Technology Recently, Reliance Industries used blockchain technology to facilitate an international financial transaction. The company is owned by the wealthiest individual in India, Mukesh Ambani, and mainly deals with petroleum products.

2018-11-5 21:52	News
india technology blockchain industries wealthiest transaction reliance

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SEC’s End-of-Fiscal-Year Report Reveals Heavy Action Against ICO-Related Fraud

The U. S. Securities and Exchange Commission (SEC) has released a report detailing actions taken against fraudulent ICOs and financial ventures, and, indeed, the year has been wrought with cases.

2018-11-3 00:33	Regulation
sec against icos investors report had fraud

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Op Ed: Bitcoin’s Energy Consumption Is Neither Frivolous Nor Excessive

As the CEO of Hut 8, one of North America’s largest cryptocurrency miners and the world’s largest publicly traded cryptocurrency miner, I’m often asked questions about energy consumption in the mining of cryptocurrency.

2018-11-1 23:35	Op-ed
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Ethereum Founder Vitalik Buterin Praises Apple for Privacy Steps, Twitter Reacts

One of the biggest threats to digital security is data leaks. At a time when business models of companies are built around the collection and analysis of data. Apple CEO Tim Cook spoke about the privacy concerns of users and GDPR extensively during his time at the ICDPPC 2018 event.

2018-10-26 12:59	vitalik buterin
apple privacy ethereum vitalik time founder reacts

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ZebPay Leaves India for Malta After Regulations Crippled Its Business

Zebpay, once India’s biggest Bitcoin payment processor, has announced its move to Malta after its business was ‘crippled’ due to unfavorable laws and regulations. Lack of Banking Support ‘Crippled’ Our Business According to Quartz India, the Singapore-based Zebpay has set up operations in Malta.

2018-10-18 22:00	Zebpay
india business zebpay crippled malta regulations exchange

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Fidelity unveils its Digital Assets business for enterprise-grade service of blockchain assets

CryptoNinjas Having been in the works since its blockchain incubator was formed in 2014, Fidelity Investments, one of the biggest providers of 401(k) services and retirement products to Americans has today unveiled Fidelity Digital Assets, a separate business.

2018-10-16 20:26
assets fidelity digital business blockchain enterprise-grade service

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XLM Stands Up With Real World Application

Coming in at number 6 as one of the biggest cryptocurrencies in the world is Stellar. Adoption is increasing and the crypto is currently in the green after yesterday’s market crash. A US-based qualified custodian, Prime Trust recently announced that they will support Stellar while it is being actively used as the network of choice to build platforms on due to quick speeds and being trustworthy.

2018-10-12 21:30	XLM
stellar support tokens trust according company world

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PwC and Cred Partner to Develop Cryptocurrency Trading Technology

Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology.

2018-10-8 21:30	Investing
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PwC and Cred Partner to Promote Cryptocurrency Trading Technology

Global professional services firm PwC has partnered with decentralized lending platform Cred to boost trust in the cryptocurrency space and bring in more traders by advancing stablecoin technology.

2018-10-10 21:30	Investing
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In Search of Stability: An Overview of the Budding Stablecoin Ecosystem

Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply.

2018-10-3 19:05	Digital assets
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Bitcoin Magazine’s Week in Review: Under the Microscope

This past week saw a flurry of reports and analyses released by various agencies and companies, speculating on the roles — past and present — of cryptocurrencies and blockchain technologies.

2018-9-29 20:00
bitcoin blockchain study week new privacycoins two

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AT&T Dives Into Blockchain Solutions With Microsoft Azure, IBM Blockchain

Internet and phone giant AT&T has designed a set of blockchain solutions compatible with both IBM and Microsoft technology to help customers reduce risks and costs and solve other complex business problems.

2018-9-28 00:04	blockchain
blockchain solutions business technology ibm company network

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Bitmain IPO Prospectus Reveals Offering May Be a Gamble for Investors

Bitmain, the biggest company in bitcoin mining, has filed for its IPO in Hong Kong. As part of the approval process, the company submitted a prospectus to the Hong Kong stock exchange at the end of August 2018.

2018-9-28 23:08	Investing
bitmain bitcoin 2018 prospectus percent million company

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Circle’s USDC Stablecoin Begins Trading

Boston-based cryptocurrency finance firm Circle has just joined the multitudes of other crypto exchange platforms now issuing and trading their own stablecoins. As of September 26, 2018, dollar-pegged USDC is now trading on Poloniex, the crypto-to-crypto exchange Circle acquired in February 2018, and on Circle Trade, the company’s over-the-counter (OTC) platform.

2018-9-27 20:50	Digital assets
circle usdc token stablecoins stablecoin coin 2018

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Why the $172B Stablecoin Market Could Send Crypto Prices Higher

The stablecoin market isn’t unlike Berkshire Hathaway’s enormous cash stash – it’s sitting there ready to be deployed, according to CoinMarketCap’s Alice Liu.

Berkshire Hathaway vice chair Charlie Munger passes away at age 99

The vice chairman of multinational holding company Berkshire Hathaway once described cryptocurrency and artificial intelligence as "overhyped" and "stupid".

‘Rich Dad Poor Dad’ author reiterates Bitcoin investment

In a social media post, Robert Kiyosaki described gold’s recent push to an all-time high price as “great news.” The financial expert also name-dropped Bitcoin as a worthy investment.

Bitcoin nears Berkshire’s value despite Buffett’s critique

Bitcoin, currently trading around $37,000, has a market cap of $717.94 billion compared to Berkshire's $760.18 billion market cap.

Charlie Munger says AI is overhyped, Bitcoin is stupid

Charlie Munger, 99, acknowledges the importance of AI breakthroughs but remains unconvinced about its "exaggerated" potential.

Unpacking Warren Buffett’s Stance on AI: Innovation vs. Tradition

Take a dive into Warren Buffett's perspective on AI, exploring concerns, historical context, and a balance between innovation and tradition. The post Unpacking Warren Buffett’s Stance on AI: Innovation vs. Tradition appeared first on BeInCrypto.

Operating Earnings of Berkshire Hathaway Increases Nearly 13% in Q1 2023

Coinspeaker Operating Earnings of Berkshire Hathaway Increases Nearly 13% in Q1 2023 For the first time since Q1 2021, Berkshire Hathaway repurchased stock worth $4. 4 billion smashing the previous record of $2.

2019-5-13 17:10

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