Norway wealth fund posts document $164 bln loss

Loss in 2022 exceeds earlier document from 2008 Inflation, geopolitical tensions stay threat elements Document influx of cash from oil and gasoline trade OSLO, Jan 31 (Reuters) – Norway’s wealth fund, one of many world’s largest buyers, posted a document lack of 1.64 trillion crowns ($164.4 billion) for 2022, bringing to an finish a three-year … Read more

Core Scientific recordsdata for chapter as crypto winter bites

Dec 21 (Reuters) – Core Scientific Inc (CORZ.O), one of many largest publicly traded cryptocurrency mining firms in the USA, mentioned on Wednesday it filed for Chapter 11 chapter safety, the newest in a string of failures to hit the sector. Austin, Texas-based Core Scientific attributed its chapter to slumping bitcoin costs, rising vitality prices … Read more

S&P 500, Nasdaq snap shedding streaks after jobless claims rise

Weekly jobless claims rise in keeping with estimates Moderna, Pfizer up as FDA authorizes up to date COVID boosters Exxon climbs after boosting buyback program Indexes up: Dow 0.55%, S&P 0.75%, Nasdaq 1.13% Dec 8 (Reuters) – The S&P 500 (.SPX) ended larger on Thursday, snapping a five-session shedding streak, as traders interpreted knowledge exhibiting … Read more

Florida pulls $2 bln from BlackRock in largest anti-ESG divestment

Dec 1 (Reuters) – Florida’s Chief Monetary Officer mentioned on Thursday his division would pull $2 billion value of its property managed by BlackRock Inc (BLK.N), the largest such divestment by a state against the asset supervisor’s environmental, social and company governance (ESG) insurance policies. The transfer will hardly dent BlackRock’s $8 trillion in property … Read more

Buffett’s Berkshire discloses $4.1 billion TSMC stake

Nov 14 (Reuters) – Berkshire Hathaway Inc (BRKa.N) stated it purchased greater than $4.1 billion of inventory in Taiwan Semiconductor Manufacturing (2330.TW), , a uncommon vital foray into the know-how sector by billionaire Warren Buffett’s conglomerate. The information despatched shares in TSMC up greater than 6% in Taiwan on Tuesday, because it boosted investor sentiment … Read more

Climate protesters in Portugal storm building, urge minister to step down

LISBON, Nov 12 (Reuters) – Hundreds of protesters angry about the climate crisis took to the streets of Lisbon on Saturday, with dozens storming a building where Portugal’s Economy Minister Antonio Costa e Silva was speaking demanding that the former oil executive resign. Holding banners and chanting slogans, protesters demanded climate action. As some demonstrators … Read more