Category: Capital

December 18, 2020

A herd of new, big investors are scooping up bitcoin this year as the price more than doubles. Investors who bought at least 1,000 bitcoins — worth roughly $23 million at Friday’s price — and have had an account open […]

December 15, 2020

Despite the dire economic reality that millions of Americans face today, the stock market has been on a tear. Intervention by the Fed and strong performance by tech companies helped the market rebound quickly. Plus, the election of Joe Biden […]

December 11, 2020

Airbnb’s stock price more than doubled to about $145 on Thursday, valuing the home-rental platform at north of $85 billion on its first day of trading. One of the company’s earliest backers paid just one cent a share when it […]

November 24, 2020

Elon Musk’s year of dizzying ascents hit a new apex Monday as the Tesla co-founder passed Bill Gates to become the world’s second-richest person. The 49-year-old entrepreneur’s net worth soared $7.2 billion to $127.9 billion, driven by yet another surge […]

November 13, 2020

Interest rates on deposit accounts are hoovering at near zero percent due to the The COVID-19 pandemic, but that hasn’t stopped people from socking money away. A Federal Reserve report indicated that commercial bank deposits were up roughly $13.2 trillion […]

October 27, 2020

The stock market has had a wild ride this year and more turbulence could lie ahead, what with a rancorous presidential election nearing and possibly more economic damage if a second COVID-19 wave hits. But it might be the bond […]

October 20, 2020

President Donald Trump says the American Dream is on the line this election, while Democratic challenger Joe Biden says his campaign is locked in a “battle for the soul of this nation.” That’s weighty rhetoric, but it’s also intangible. How […]

August 31, 2020

On Monday, Berkshire Hathaway, the giant holding company chaired by Warren Buffett, announced it had acquired a roughly 5% stake totaling approximately $6 billion in five of Japan’s largest trading houses. The purchase is the latest of Buffett’s bids to […]

July 21, 2020

Jeff Bezos added $13 billion to his net worth on Monday, the largest single-day jump for an individual since the Bloomberg Billionaires Index was created in 2012. Amazon.com Inc. shares surged 7.9%, the most since December 2018 on rising optimism […]

July 17, 2020

Over the past decade, U.S. homeowners saw their cumulative home equity climb by $6 trillion. That massive gain—larger than the GDP of every nation with the exception of the U.S. and China—confirms that real estate is still a winning strategy […]

July 15, 2020

Google confirmed Wednesday it’s investing $4.5 billion into Indian digital services firm Jio Platforms in exchange for a 7.7% stake in the company, which is valued at $65 billion. The investment, reported by Bloomberg on Tuesday and confirmed by Google […]

July 9, 2020

Despite its spectacular descent into insolvency last month, Wirecard’s share price has not yet hit zero. Last week, Munich prosecutors raided the offices of the German payments giant, widening the investigation into the company to include fraud. It follows an […]

July 8, 2020

Warren Buffett just announced his annual charitable donations to the five philanthropies he’s chosen to give the vast bulk of his fortune to. This year, the “Oracle of Omaha” is distributing 15.9 million class B shares of Berkshire Hathaway valued […]

July 2, 2020

Jeff Bezos’s net worth has smashed through its previous peak, even after he relinquished a quarter of his stake in Amazon.com Inc. as part of a divorce settlement last year. Shares of the Seattle-based retailer surged 4.4% to a record […]

June 10, 2020

Inditex SA plans to invest 2.7 billion euros ($3 billion) to boost e-commerce operations of chains like Zara and Bershka and expand store space to gain an edge on rivals as the pandemic snarls the clothing-retail industry. The Spanish retailer […]

April 30, 2020

Twitter Inc. helped keep the earnings winning streak alive for social-media stocks Thursday morning as the company topped expectations with its first-quarter results. Shares surged more than 7% in premarket trading. The company reported a net loss of $8 million, […]

March 30, 2020

Sheltering in place, shutting down large parts of the economy and skyrocketing job losses due to coronavirus are bad for America’s health, the economy and for corporate profits. So be prepared for unsettling news when companies start reporting how much […]

February 21, 2020

Supply lines have been disrupted, consumption has dropped, and demand for services has diminished. As containment measures taken against the spread of Covid-19 in China weigh on the global economy, international business is beginning to quantify the economic blow the […]

January 20, 2020

A new report found that the world’s 2,153 billionaires have more wealth than 4.6 billion people, underscoring the degree of global inequality. The Oxfam International study, released Monday and dubbed “Time to Care,” shows that the number of billionaires has […]

December 5, 2019

Citi raised its price target on Apple’s stock to $300 from $250, as the firm told investors it expects stronger sales and profits this holiday gift-giving season in a note titled “Why this Christmas is Different for Apple.” Apple shares […]