In what was a highly unexpected move, the Warren Buffett-led company Berkshire Hathaway Inc decided to shed its investment in Wells Fargo, selling the vast majority of its stocks in the bank. Berkshire first invested in Wells Fargo, the 4th largest U.S. bank, in 1989. This decision was largely...
Extend, a startup aimed at helping businesses offer product warranties, revealed on Tuesday that it had raised as much as $260 million in its latest round of fundraising efforts, which were led by SoftBank Group Corp's Vision Fund 2. In response to the company's overwhelming success, Nagraj Kashyap, managing...
Kathy Matsui, the former vice-chair of Goldman Sachs Japan, has launched MPower Partners Fund, a venture capital fund aimed at assisting startups with upholding and promoting their environmental, social, and governance (ESG) values. the primary focus of the new venture capital fund will be on investing in growth for late-stage...
Canadian hip-hop artist Drake has decided to purchase a stake in fried chicken restaurant chain Dave's Hot Chicken, putting him alongside fellow celebrity investors such as Boston Red Sox Chairman Tom Werner and actor Samuel L. Jackson. Drake, who is expected to own just under 50% of the company,...
Chinese restaurant chain and Italian coffee maker Lavazza are looking to open 1,000 Lavazza cafés in China by 2025, the companies revealed on Thursday. The two groups, which entered into a strategic partnership in 2020, will sink approximately $200 million into this effort as a means of fueling future...
The members of FC Barcelona voted in favor of raising additional funds in order to finance the renovation of the dilapidated Camp Nou stadium. Following the vote, the club launched the Espai Barca project, which aims to raise 1.5 billion euros ($1.74 billion) which will be used towards repairing...
The Warren Buffet-led conglomerate Berkshire Hathaway has decided to decrease the sum of its investments in Apple Inc, opting to instead reinvest some capital in companies from the drug, telecom, and oil industries during the latest financial quarter. Berkshire Hathaway's latest initiative became apparent in the company's filings with...
Tesla Inc. Chief Executive Officer Elon Musk has decided to let go of $5 billion worth of stock in the company. This comes after the billionaire created a poll on Twitter to ask his followers whether or not they thought it would be a good idea for him to...