August 7 2022 🕓 2 min
Berkshire Hathaway reported a loss of $43.8 billion
The company was mainly affected by the situation on the stock markets. However, despite this, the company posted a positive operating profit.
Market Movers
August 6 2022
Musk vs Agrawal on the table?
Elon Musk has only recently challenged Parag Agrawal, CEO of Twitter, to a public debate. The main topic of the debate would be the bots and their presence on the social media platform. While it is unlikely for the debate to take place, it would be without any doubt a very popular and watched event.
August 6 2022
Fed with more 75 bps rate hikes?
Fed Governor, Michelle Bowman, has stated recently that the central bank of the United States should keep raising interest rates. Bowman stated that Fed should keep hiking interest rates by 75 bps until they see decline in inflation that is consistent, meaningful and lasting.
August 6 2022
Elon Musk showing support for Dogecoin
Elon Musk, CEO of Tesla, has been a supporter of Dogecoin for quite a while. Tesla has sold most of its bitcoins last quarter, while Elon Musk once again showed that he believes in Dogecoin more than in Bitcoin by claiming that Dogecoin is better at handling lots of transactions than Bitcoin.
August 5 2022 🕓 2 min
Allianz’s net profit down 23% in the Q2
This was partly due to a restructuring charge of around €140 million to wind down part of its US business, which has been linked to fraud.
August 5 2022 🕓 3 min
From $7.8 to $2 555 in 17 days – the story of AMTD
AMTD Digital is a Hong Kong-based company that came out of nowhere and took over the American stock exchange with massive gains.
August 3 2022 🕓 2 min
CATL will not invest in the US for now
CATL postpones investment in US battery production. This is due to the deteriorating situation between the US and China.
August 3 2022 🕓 3 min
DAX flies after miserable EU data
It looks like investors are ignoring mounting economic problems in Germany, buying the German DAX index.
August 3 2022 🕓 2 min
Uber achieves positive free cash flow
US company Uber Technologies achieved positive free cash flow in the second quarter. This was the first time in its history.
August 2 2022 🕓 2 min
BP posts highest profit in 14 years
BP, like other oil and gas firms, is among the record earnings growth leaders. The company is raising its dividend thanks to record results.
August 1 2022 🕓 2 min
Shell doubles its adjusted net profit in the second quarter
Shell's performance was mainly driven by high oil prices, refinery margins and good gas trading results. Still, it has faced criticism.