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Behind Warren Buffett’s increasing bet on this under-the-radar American lender

Warren Buffett’s Berkshire Hathaway more than tripled his bet on Ally Financial in the second quarter, giving the conglomerate a near 10% stake in this under-the-radar U.S. auto and home lender. Berkshire ramped up its Ally holdings to about 30 million shares and was worth more than $1 billion at the end of June, according …

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Bed Bath & Beyond shares jump as much as 78.8% after legendary meme stock investor’s latest bet

Shares in Bed Bath & Beyond surged more than 70% on Tuesday as retail investors on social media flocked to the stock after a filing revealed activist investor Ryan Cohen is holding steady on his bet. The stock rose as much as 78.8% to $28.60 a share during the Tuesday session, according to Reuters, and …

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MLB picks: Why Justin Verlander is better Cy Young bet than Dylan Cease ahead of Tuesday showdown

The 2022 Major League Baseball season has roughly seven weeks to go and while the most important item to track would be the standings, the individual awards are pretty fun in their own right. We looked at the MVP races in each league last week, so now let’s take a look at the Cy Young …

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Dogecoin, Shiba Inu outperform bitcoin and ether. Is it a good time to bet on meme coins?

As cryptocurrencies bounced back from the June lows this year, meme coins have outperformed bitcoin and ether for the past few days, prompting some investors to ask if the risk-on plays are back in favor. Dogecoin DOGEUSD jumped 16.3% and another dog-themed token Shiba Inu SHIBUSD advanced 32.7% during the past seven days, though the …

Dogecoin, Shiba Inu outperform bitcoin and ether. Is it a good time to bet on meme coins? Read More »

Warren Buffett’s Berkshire Hathaway makes big bet on US lender Ally Financial

Warren Buffett’s Berkshire Hathaway made a big bet on auto and home lender Ally Financial in the second quarter while increasing its wager on iPhone maker Apple despite signs that an economic slowdown is beginning to weigh on consumers. The investments, along with purchases of shares in video streaming service Paramount Global and oil majors …

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Sobel’s FedEx St. Jude Preview: It’s Time To Bet Morikawa

Click arrow to expand 2022 FedEx St. Jude Championship odds via BetMGM Golfer value Rory McIlroy +1000 Scottie Scheffler +1400 Cameron Smith +1600 Patrick Cantlay +1600 Justin Thomas +1800 Xander Schauffele +1800 Jon Rahm +2200 Matt Fitzpatrick +2200 Tony Finau +2200 Will Zalatoris +2500 Jordan Spieth +2800 Sam Burns +2800 Cameron Young +3000 Collin Morikawa …

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Why Mark Zuckerberg’s other big bet, outside the metaverse, is Whatsapp for business

Facebook’s new rebrand logo Meta is seen on smartpone in front of displayed logo of Facebook, Messenger, Intagram, Whatsapp and Oculus in this illustration picture taken October 28, 2021. Dado Ruvic | Reuters WhatsApp is already widely popular with U.S. consumers. Now Meta Platforms is turning more attention to building its small business base. The …

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The Browns’ Bet On Deshaun Watson Was Doomed From The Start

Cleveland’s gamble on a lenient punishment for Deshaun Watson looked like it paid off — but the NFL might change that soon. Nick Cammett / Diamond Images / Getty Images The Browns’ reckless bet on quarterback Deshaun Watson is a failure. Desperate to change the team’s trajectory after just three winning seasons in the past …

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MicroStrategy founder Michael Saylor once lost $6 billion in a day. His big bet on Bitcoin might sink him once and for all

It was the early hours before MicroStrategy’s IPO in 1998, but founder Michael Saylor wasn’t assuaging big investors or running through projections, or even putting champagne on ice. Ensconced in a $10,000-a-night three-story rooftop suite at Manhattan’s Palace Hotel, he found his attention captured by something else entirely: the suite’s private elevator. He was so …

MicroStrategy founder Michael Saylor once lost $6 billion in a day. His big bet on Bitcoin might sink him once and for all Read More »

Exxon, Chevron post blowout earnings, oil majors bet on buybacks

High prices, margins lift majors to best quarters in history Exxon earnings surpass previous record set in 2012 July 29 (Reuters) – The two largest U.S. oil companies, Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N), posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for …

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