The world’s largest cryptocurrency, which currently has a market value of just over $1tn, ended Tuesday trading at $57,071. From the start of February, bitcoin gained 32%, putting it on track for its most significant monthly gain since January 2023. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Rallies exceeding 10% were influenced…
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Should the Omaha-based organisation pass the $1tn mark, it would be the first US non-tech company to do so. At one stage, Berkshire’s value rose above $925bn. In 2023, the company’s stock increased by 15%. In his yearly address to shareholders, Buffett justified the company’s conservative financial approach and added: The ‘margin of safety’ approach…
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This AWS Mexico Region will allow businesses, the government, education facilities and nonprofits more flexibility in app usage and data storage. This latest initiative from Amazon aims to offer updated and secure cloud computing. Mexico’s Secretary of Economy, Raquel Buenrostro, said: Cloud services are an essential part of everyday life, helping us to digitally and…
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The penalty includes $1.81bn criminal and $2.51bn forfeiture fines. Binance already submitted its guilty plea in November 2023 and this legal approval, which was given on Friday, 23 February 2024, brings the matter to a close. According to Reuters, the plea resolved an extensive probe that investigated Binance’s failure to report over 100,000 transactions attached…
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The Tesla founder and CEO took to X soon after this announcement and indicated that he is not surprised about Rivian’s performance and ensuing layoff action. Musk also said that, should Rivian continue on its current trajectory, the company would become insolvent in another six quarters. He commented: Maybe that trajectory will change, but so…
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The year-on-year comparison, however, shows a 1.7% decline. Based on Reuters data, January sales predictions came to 3.97 million units as opposed to the realised 4.00 million units. As residential resales are only valid after finalising agreements, these totals most likely reflect deals in the two months preceding January 2024. In December 2023, the average…
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Reddit issued a statement on its website saying: With this partnership, and via our Data API, we’re ushering in new ways for Reddit content to be displayed across Google products by providing programmatic access to new, constantly evolving, and dynamic public posts, comments, etc., on Reddit. The social network forum also filed its intention to…
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Financial experts believe 2024 may be the year that defines Japan’s mergers and acquisitions era, with a prediction that the numbers and volumes of these deals would surge. Since the start of this year, merger and acquisition volumes increased by 43%, continuing the momentum of the latter part of 2023. That is in stark contrast…
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During after-hours trading on Wednesday, 21 February 2024, Nvidia’s stocks surged by 9.07%. The tech giant currently has a market value of approximately $1.7tn. According to Yahoo Finance, the Goldman Sachs Group Inc. (GS) said that Nvidia’s market performance causes a ripple effect, influencing other tech options. The bank typified this giant as the “most…
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After reviewing the offer, the current Macy’s board expressed concerns about financing solutions for the proposed takeover. The company reportedly approached the two investors about providing additional financing information. Macy’s said that instead of complying with its request, Arkhouse and Brigade sent a communication requesting a 10-day extension for board nominations. The Associated Press quoted…
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