Category: billion
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Warren Buffett’s Berkshire Hathaway dumps $75.5 billion worth of stock
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Berkshire Hathaway Inc. cut its stake in Apple Inc. by about 50% as part of a massive second-quarter selling spree that has left billionaire Warren Buffett’s cash pile at a record $276.9 billion. Berkshire Hathaway, based in Omaha, Nebraska, said Saturday that it sold $75.5 billion worth of shares during…
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Hawaiian Electric, others agree to $4 billion Maui wildfire settlement By Reuters
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(Reuters) – Hawaiian Electric Industries Inc said on Friday it is among defendants who have agreed to pay $4 billion to settle lawsuits related to deadly wildfires on Maui. The island’s utility and its parent company, Hawaiian Electric, are responsible for paying $1.99 billion of the pre-tax amount, which includes…
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Win for Moi estate as Supreme Court overturns Sh1 billion payout
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The Supreme Court has overturned a Court of Appeal ruling that ordered the estate of former President Daniel Moi and businessman Jaswant Rai to pay more than Sh1 billion to an Eldoret family for allegedly seizing their land in 1983. The family of Noah Chilugwe, the former leader who died…
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USDT Issuer Tether Reports Record Profits Of $5.2 Billion, Why This Is Good For Bitcoin
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The largest issuer of stablecoins, TetherThe company recently announced record net profit for the first half of this year. This is undoubtedly a positive thing for the company. Bitcoinconsidering the company’s commitment to pooling the leading cryptocurrency with some of those profits. Tether posts $5.2 billion net profit Tether was…
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Japan spent $36.8 billion in July intervention, official data shows By Reuters
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By Kevin Buckland TOKYO (Reuters) – Japanese authorities spent 5.53 trillion yen ($36.8 billion) intervening in the foreign exchange market this month to lift the yen from a 38-year low, official data showed on Wednesday. The Finance Ministry figures confirmed the doubts of traders and analysts following the sharp rise…
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Bitcoin Open Interest Taps New $39.5 Billion ATH, What’s Next For Price?
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Bitcoin’s open interest is a good indicator of how investors view the cryptocurrency and the bets they are making. That’s why hitting an all-time high is such a big deal, and it has huge implications for the market. Once again, Bitcoin’s open interest has hit a new record high, and…
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Bitcoin Open Interest Taps New $39.5 Billion ATH, What’s Next For Price?
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Bitcoin’s open interest is a good indicator of how investors view the cryptocurrency and the bets they are making. That’s why hitting an all-time high is such a big deal, and it has huge implications for the market. Once again, Bitcoin’s open interest has hit a new record high, and…
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$2.2 Billion Flows into Ethereum ETFs in the Past Week, Coinshares Reveals
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Ethereum exchange-traded funds (ETFs), which debuted in the United States last week, have created a buzz in the cryptocurrency market with large inflows into the products. According to a recent study a report According to CoinShares, the emergence of these spot ETFs has attracted $2.2 billion, marking a pivotal moment…
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$2.31 Billion Set To Flood Market
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Image from https://digicentralized.com/ The cryptocurrency world is set to see a flurry of activity as a staggering $2.31 billion worth of digital crypto assets are set to hit the market in the next 30 days. This unprecedented influx of tokens or cryptocurrencies from some of the industry’s biggest players is…
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$2.31 Billion Set To Flood Market
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Image from https://digicentralized.com/ The cryptocurrency world is set to see a flurry of activity as a staggering $2.31 billion worth of digital crypto assets are set to hit the market in the next 30 days. This unprecedented influx of tokens or cryptocurrencies from some of the industry’s biggest players is…
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Cardano Recovery Imminent? Whales Make Their Move With 17 Billion ADA
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Cardano has reached an important milestone with the impending Chang’e hard fork. This pivotal moment comes after Her latest upgrade Node validation program before the upgrade goes live. As the Cardano ecosystem prepares for this major update, the network is seeing a surge of activity that could set its course…
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Cardano Recovery Imminent? Whales Make Their Move With 17 Billion ADA
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Cardano has reached an important milestone with the impending Chang’e hard fork. This pivotal moment comes after Her latest upgrade Node validation program before the upgrade goes live. As the Cardano ecosystem prepares for this major update, the network is seeing a surge of activity that could set its course…
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Ethereum Open Interest Rises By $1.5 Billion, What This Means?
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Simelor Valeti is a cryptocurrency writer who specializes in journalism and content creation. Although he started out writing on a variety of topics, Simelor quickly developed a knack for navigating the complexities and intricacies of the exciting world of blockchain and cryptocurrencies. Simelor is drawn to the efficiency of digital…
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Newmont reports $4.4 billion in revenue By Investing.com
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Newmont Corporation (NYSE: NEM), one of the world’s leading gold producers, reported robust operational and financial results for the second quarter of 2024. The company’s focus on safety, sustainability, and strategic asset management has paid off with a reported $4.4 billion in revenue and an average realized gold price of…
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Rural electricity scheme losses up to Sh56 billion
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The Rural Electrification Scheme, a non-profit scheme set up by the government in 1973 to expand power access to the rural poor, has accumulated losses of Sh55.9 billion, threatening its sustainability. The plan, run by Kenya Power on behalf of the government, has projected a loss of Sh9.87 billion in…
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Ethereum ETFs Debut With Blockbuster $1 Billion Trading Volume
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Source: bitcoin.com Highly anticipated launch The number of Ethereum-based exchange-traded funds (ETFs) in the United States has set a new benchmark for the cryptocurrency ecosystem. In their market debut, these Ethereum-based ETFs collectively raised over $1 billion in trading volume, highlighting the massive demand from investors to gain exposure to…
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NBA scores $76 billion deal with Amazon, Comcast, and Disney
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The National Basketball Association has announced new long-term television deals with Walt Disney Co., Comcast and Amazon.com Inc., rejecting efforts by Warner Bros. Discovery Inc. to retain decades-old broadcast rights. The combined agreements are expected to generate $76 billion in league fees over its 11-year history — nearly triple the…
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Expats in Kenya wire out record Sh87 billion
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Expatriates living and working in Kenya sent a record Sh86.99 billion back to their home countries in the year ending December 2023, data has shown, underscoring the improving wealth of foreigners in the country. The amount – equivalent to Sh7.25 billion monthly – represents a 24.3 percent increase from the…