Warren Buffett has become the sixth richest man in the world after his net worth soared by almost $24 billion in under five months. The owner of the multinational conglomerate Berkshire Hathaway now joins an elite club of men worth $100billion or more, that includes Jeff Bezos, Elon Mask, Bill Gates, Bernard Arnault, and Mark Zuckerberg. … Read more
GameStop shares jump for the fifth day running Tuesday with a nearly 100% gain after Chewy’s founder took over online sales and amid speculation Reddit investors will pour their stimulus checks into stocks. Shares of the retailer were up 23.5% to $239.80 in early trading, a day after the company entrusted leadership of its online … Read more
US drops tariffs on whisky, cashmere and Stilton as trade deal with Britain inches closer – two months after Liz Truss axed fees on American imports US said millions worth of tariffs on Scotch and other goods would be suspended Cashmere and cheese are also set to benefit from the American relaxation Comes a month … Read more
The company behind engine-maker Pratt & Whitney saw its share price slump in pre-market trading today after one of the firm’s engines exploded and rained down debris over Denver while another suffered a similar failure in the Netherlands. Shares in Raytheon, the parent company of Pratt & Whitney, had suffered a 2.77 per cent drop … Read more
Bitcoin touched a market capitalization of $1 trillion as it hit yet another record high on Friday, countering analyst warnings that it is an ‘economic side show’ and a poor hedge against a fall in stock prices. The world’s most popular cryptocurrency jumped to an all-time high above $54,000, setting it on course for a … Read more
The Reddit poster and YouTube streamer who caused a Wall Street crisis by driving up the price of GameStop – and boasted about his $47 million gains – is a suburban financial adviser who nicknames himself Mr. Wizard, DailyMail.com can reveal. Keith Gill, 34, is the man behind the Roaring Kitty YouTube streams and the … Read more
$200 BILLION wiped off cryptocurrency market in 24 hours as bitcoin value plunges by 22% – but experts say it’s a much-needed reset to avoid ‘the mother of all bubbles’ Cryptocurrency bitcoin surged to all-time high of nearly $42,000 on Friday, only to drop to $31,000 on Monday, wiping $200billion off cryptocurrency market But experts … Read more
Twitter saw its shares drop by 12 per cent Monday after days after banning Donald Trump and purging his supporters. The tech giant lost $5 billion on the first day of trading after it permanently suspended the president citing a ‘risk of further incitement of violence’ in the wake of the storming of the U.S. Capitol by … Read more
Stationery chain Paperchase is on the brink of administration as new Covid lockdown puts 1,500 jobs and 173 stores at risk Paperchase appointed accountancy firm PwC to handle administration process Approximately 1,500 jobs and 173 stores are on the line for the stationery retailer The retailer usually makes 40 per cent of its sales over November … Read more
Boris Johnson‘s election pledge to pay newly qualified teachers £30,000 is in doubt despite unions threatening industrial action and warning of an ‘exodus’ from the profession. Rishi Sunak is preparing a ‘pay restraint’ across the public sector, despite the £6,000 pay rise being a key policy in the 2019 Tory manifesto. Johnson had pledged to … Read more