Berkshire Hathaway’s purchase of Treasury bills has been so aggressive that the conglomerate now owns 3% of the entire market, according to JPMorgan. https://www.cnbc.com/2024/06/02/warren-buffetts-berkshire-owns-3percent-of-the-entire-t-bill-market-jpmorgan-estimates.html
Good morning. US factory weakness hits Treasury yields. The NYSE had another glitch. And the contest to produce better AI chips is heating up. Here’s what’s moving markets. — Isabelle Lee from Bloomberg Markets https://ift.tt/3pevhwc
Dapper Labs, a blockchain technology and digital collectibles company, has reached a favorable settlement in the legal case Friel vs. Dapper Labs, establishing that NBA Top Shot Moments are not securities. The company emphasizes that this significant ruling clarifies the legal status of digital collectibles and ensures the continued decentralization of the Flow blockchain. Dapper…
The Confederation of British Industry is urging the next UK government to ease trading frictions to help spur growth, throwing a spotlight on post-Brexit ties with the European Union. from Bloomberg Politics https://ift.tt/OiEMjXy
Miley Cyrus and her godmother, Dolly Parton, have a similar mindset regarding welcoming children into the world. During an interview with W Magazine, Cyrus, 31, revealed that she’s still uncertain if she will have children of her own as she considers all of her fans to be part of her family, similar to a statement…
A group of what’s been described as “Never Trump” voters are suddenly backing the former president following last week’s historic conviction. The Free Press spoke with several voters from across the country whose opinions were significantly impacted by the guilty verdict in the New York trial against former President Trump. Shaun Maguire, a Los Angeles-based…
Tokyo Governor Yuriko Koike is pledging to assist residents in coping with persistent inflation. Though she is mum about whether she will seek reelection next month, she tells Bloomberg her policies will have a lasting impact. She sat down for an exclusive interview with ‘The Asia Trade’ anchor Shery Ahn in Tokyo to discuss the…
Coinbase CEO Brian Armstrong has outlined the optimal strategy to achieve regulatory clarity for the crypto sector in the U.S. The executive emphasized the necessity of electing pro-crypto candidates, highlighting Stand With Crypto’s 900,000 advocates and their impact on key legislative votes. Armstrong also mentioned Coinbase’s recent $25 million contribution to the Fairshake Super PAC,…
Donald Tusk is urging Poles to vote for his coalition, to best protect against Russian aggression. https://ift.tt/E1grHwR June 04, 2024 at 02:01AM
Families of hostages taken by Hamas on Oct. 7 came together with religious leaders for an interfaith conference in New York City Monday amid the ongoing war in Gaza. The attendees, comprising the family members of Jewish and Muslim hostages as well as pastors, rabbis, and imams, pleaded for peace at the discussion hosted by…