Category Archives: Business

Reddit’s Wall Street Bets Was the GameStop Kingmaker, but Longtime Users Say the Thrill Is Gone

First American News LLC, Raleigh, NC: The group was once the engine that powered rookie traders, but now veteran members say only tired-out ideas remain. Those who once scoured the online message forum for brazen and unexpected trading ideas say they are mostly finding members still chatting about stocks such as GameStop Corp. and AMC […]

Credit Suisse Chairman António Horta-Osório Quits Over Covid Breach. The Stock Is Down.

First American News LLC: Raleigh, NC:  Credit Suisse Chairman António Horta-Osório has resigned just nine months into the role after breaching Covid-19 quarantine rules. His abrupt departure follows an internal investigation commissioned by the board, Credit Suisse said Monday in a statement. It named board member Axel Lehmann, a former UBS (ticker: UBS) executive, as […]

Warren Buffett missed out on $10 billion in gains by dumping Wells Fargo stock — but he probably doesn’t regret cashing out

First American News LLC: Raleigh, NC:  Warren Buffett’s Berkshire Hathaway missed out on about $10 billion of gains by dumping its Wells Fargo stock in 2020 and early 2021. The famed investor’s company-owned 346 million Wells Fargo shares at the end of 2019, giving it an 8.4% stake in the bank. Berkshire virtually eliminated that […]

Elon Musk Says Tesla Is Accepting Dogecoin for Some Merchandise

First American News LLC: Raleigh, NC: Dogecoin surges more than 10% after Tesla CEO’s tweet. Elon Musk said Tesla Inc is accepting payment for some merchandise with dogecoin, a return for the electric-vehicle maker to acceptance of digital currencies for some payments. The Tesla chief executive said in an early Friday tweet, “Tesla merch buyable […]