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    • rachelf1123rachelf1123
      ·11-23
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    • rachelf1123rachelf1123
      ·11-17
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    • rachelf1123rachelf1123
      ·11-17
      Legend Logistics is working with advisers on planned offering First-time share sale could take place as early as next year (Bloomberg) -- Legend Logistics Ltd. is exploring an initial public offering in Singapore to raise as much as S$200 million ($146 million), according to people with knowledge of the matter, in what would be the largest IPO in the city-state in nearly a year. The logistics firm is working with financial advisers on the potential first-time share sale, said the people. A listing could take place as soon as 2023, said the people, who asked not to be identified as the process is private. Deliberations are ongoing and the size and timing of the IPO could still change, the people said. Representatives for Legend Logistics didn’t immediately respond to calls or emails requesting comment. The offering would boost the first-time share sale market in Singapore, which has hosted only $348 million worth of IPOs this year, down 15% from the same period a year earlier, according
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    • rachelf1123rachelf1123
      ·11-16
      Former President Donald Trump, aiming to become only the second commander-in-chief ever elected to two nonconsecutive terms, announced Tuesday night that he will seek the Republican presidential nomination in 2024. Trump’s paperwork establishing his candidacy landed with the Federal Election Committee shortly before he delivered his announcement at Mar-a-Lago, his Florida waterfront estate. Trump’s long-awaited campaign comes as the former president tries to reclaim the spotlight following the GOP’s underwhelming midterm elections performance – including the losses of several Trump-endorsed election deniers – and the subsequent blame game that has unfolded since Election Day. Republicans failed to gain a Senate majority, came up short in their efforts to fill several statewide seats, and have yet to secure a House majority, with only 215 races called in their favor so far out of the 218 needed, developments that have forced Trump and other party leaders into a defensive posture as they
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    • rachelf1123rachelf1123
      ·11-16
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    • rachelf1123rachelf1123
      ·11-15
      Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. took a stake of about $5 billion in Taiwan Semiconductor Manufacturing Co., a sign the legendary investor thinks the world’s leading chipmaker has bottomed out after a selloff of more than $250 billion. Shares surged. The Omaha-based conglomerate acquired about 60 million American depository receipts in TSMC in the three months ended September, it said in a filing. The Taiwanese company produces semiconductors for clients like Nvidia Corp. and Qualcomm Inc. and is the exclusive supplier of Apple Inc.’s custom Silicon chips. Apple remains the most valuable single holding in Berkshire’s portfolio. Assuming Buffett bought TSMC’s ADRs at the average price for the third quarter, the stake would have cost him $5.1 billion. They currently trade at $72.80. TSMC’s shares rose as much as 9.4% in Taiwan after the disclosure, the largest intraday increase in more than two years. The 92-year-old Buffett long shied away from the tech industry, m
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    • rachelf1123rachelf1123
      ·11-15
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    • rachelf1123rachelf1123
      ·11-14
      Elon Musk is currently spending too much time with Twitter and that is not good news for Tesla investors. The more involved he is with Twitter, the more Tesla sinks in the market. The latest news is Twitter may even file for bankruptcy if it is unable to generate revenue to support it. The saying " It never rains but pours" apply to the slew of bad news that affected Tesla recently. Firstly, Tesla is recalling more than 40,000 2017 to 2021 Model S and Model X vehicles that could experience a loss of power steering assist. Tesla share price has slid to its lowest level in almost 2 years after Elon Musk disclosed he sold another USD 3.95 billion worth of shares. On 9 November, Tesla ended down 7.2% at 177.59, the lowest level since November 2020. Investors are concerned that this might not be the end of Elon Musk's stock sales of Tesla. The latest sale brings the total amount of Tesla stock sold by him to USD 36 billion. On November 14, Elon Musk is back in Court to face charges from
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    • rachelf1123rachelf1123
      ·11-11
      TOKYO, Nov 11 (Reuters) - Japan's SoftBank Group Corp announced a hefty loss at its Vision Fund investment arm for the third straight quarter, even as the company itself posted its first quarterly profit in as many quarters. Investment losses at the Japanese tech firm's flagship Vision Fund unit totalled 1.38 trillion yen ($9.75 billion) in the three months to September 30, as the value of its portfolio continued to slide. Net profit at SoftBank itself came to 3.03 trillion yen in the July-September second quarter, a sharp turnaround from a 3.16 trillion yen loss in the previous quarter. Vision Fund upended the world of venture capital with splashy bets on startups, but it has been hammered in recent quarters by a global tech rout, prompting SoftBank Chief Executive Masayoshi Son to sharply scale back fresh investments. Days after unveiling a massive first-quarter loss, SoftBank said it would reduce its Alibaba Group Holdings stake to around 15% from around 24% by settling prepaid forw
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    • rachelf1123rachelf1123
      ·11-11
      15Comment
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