News

China gears up for a big week as markets await U.S. elections and stimulus details

The size of China's highly anticipated stimulus plans will likely depend on the outcome of the U.S. presidential election, analysts say.

Berkshire Hathaway's cash fortress tops $300 billion as Buffett sells more stock, freezes buybacks

The Omaha-based conglomerate saw its cash fortress swell to a record $325.2 billion by the end of September.

Warren Buffett continued to sell down his Apple stake, cutting about a quarter in the third period

The Oracle of Omaha downsized Apple — his biggest equity holding — for a fourth quarter in a row.

Higher taxes will make it harder for Britain to build 'the next Nvidia,' tech execs say

Startup founders and investors slammed capital gains tax hikes in the U.K., saying it would make it harder for the country to succeed as a global tech hub.

BlackRock launches ETF that expands beyond the 'Magnificent Seven'

BlackRock's iShares is targeting investors who want to diversify beyond from the "Magnificent Seven" megacap stocks.

Jack Dorsey's payments company Block expands corporate card service to the UK

Block, the payments company owned by tech billionaire Jack Dorsey, has launched its corporate card service in the U.K.

Chinese smartphone company Honor gets new investors as it gears up for IPO

Chinese smartphone company Honor on Thursday announced backing from new investors as the Huawei spinoff prepares for an initial public offering.

Sigh of relief for UK tech founders as Labour hikes capital gains tax by less than feared

Britain's Labour government on Wednesday announced plans to raise the rate of capital gains tax on sales of shares — the move was less severe than feared.

China's Xiaomi delivers 20,000 EVs in October, just months after launching its first car

The Chinese smartphone company also announced a high-end sports version of the car, the SU7 Ultra, would begin preorders ahead of a product release in March.

Chinese IPOs in the U.S. and Hong Kong are set to increase next year, analysts say

A few high-profile Chinese listings outside the mainland are adding to expectations for a pickup in initial public offerings next year.

JPMorgan begins suing customers who allegedly stole thousands of dollars in 'infinite money glitch'

JPMorgan is investigating thousands of cases related to the glitch, which highlights the risk that social media can amplify vulnerabilities found at a bank.

Bret Taylor’s AI startup Sierra raises funding at $4.5 billion valuation

Sierra, the startup founded by ex-Salesforce co-CEO Bret Taylor, has raised a fresh round of capital that values the company at $4.5 billion. 
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