Author: Anthony M. Orbison

Warren Buffett is the CEO of Berkshire Hathaway.Mario Anzuoni/ReutersWarren Buffett has sold 23% of his Bank of America stake for about $10 billion since mid-July.Berkshire Hathaway’s American Express stake is now more valuable than its Bank of America bet.Buffett cashed in about 56% of his massive Apple bet in the first half of this year.Warren Buffett has followed up the surprise paring of his Apple stake by taking a knife to another of his largest holdings: Bank of America.The famed investor’s Berkshire Hathaway sold about 239 million shares or around 23% of its stake in the banking giant between July…

(Reuters) – Citron Capital founder and short seller Andrew Left has asked a judge to dismiss the lawsuit by the U.S. Securities and Exchange Commission that has accused him of making millions of dollars by misleading investors with his social media comments. Left’s lawyer, James Spertus, in a court filing argued that the SEC’s case “fails to state a claim because it neither alleges a cognizable theory of fraud nor alleges sufficient facts to support the theory alleged”. The securities regulator and the U.S. Justice Department in July accused Left of manipulating the market and defrauding investors with misleading claims…

As a longtime Bitcoiner, I had to roll my eyes when I saw HBO release a trailer for an upcoming documentary, teasing to reveal Satoshi’s identity. Speculation arose that it would reveal who is Satoshi Nakamoto. After seeing many half-baked attempts to “unmask” Satoshi over the years, I’m certain this latest one won’t provide definitive proof either.If you’ve been in Bitcoin long enough, you know the drill — someone claims they know or are Satoshi, theories start swirling, but no convincing evidence ever materializes. Inevitably it ends with embarrassment for the accuser. We’ve been through this rodeo too many times now.With Bitcoin…

Rachel Reeves has vowed to “invest, invest, invest” as she prepares to ramp up borrowing to fund a multibillion-pound capital programme at this month’s Budget.But the UK chancellor also sought to assure jittery markets, telling the Financial Times she would install “guardrails” and was not in “a race to get money out of the door”.“It’s about making prudent, sensible investments in the long term and we need guardrails around that,” she said.In an interview, Reeves also indicated higher taxes would help fill a £22bn hole she has identified in the public finances and take pressure off government departments, some of…

Beginning inside Virginia’s Shenandoah National Park and stretching all the way through the Blue Ridge Mountains and to the Great Smoky Mountains in Tennessee and North Carolina, the Blue Ridge Parkway is also known as “America’s Favorite Drive” due to its very picturesque stretch of forest and mountainous terrain.The Blue Ridge Parkway also happens to be the country’s most-visited park site, with more than 13.3 million adventurers coming to see untapped nature and also the thousands of deer, elk, black bears, coyote and countless other animal species who also call it home.Don’t miss the move: Subscribe to TheStreet’s free daily newsletterRelated: I…

Every author has their own voice.At Bitcoin Magazine, we’ve long been advocates of elevating the voices from the Bitcoin community. As the premier publisher of Bitcoin opinion content, we continually amplify the various perspectives from across the industry, whether they’re those of major CEOs or humble stackers.That said, the Bitcoin Magazine brand has often relied on a more unified (or classical) editorial voice in its publication. We’re now taking steps to change that, by introducing a new article type called “Takes”.Takes are short articles about an idea, trend, blog post, person, company, product or proposal in the Bitcoin space, on…

A once-wealthy JPMorgan Chase & Co. client whose portfolio crumbled as he slid into dementia lost a legal battle seeking to recoup his fortune from the bank. A federal judge in Boston threw out a lawsuit filed by Peter Doelger, 87, and his wife, Yoon, accusing the firm of keeping him in an inappropriate investment. In a ruling unsealed Friday, the judge said it doesn’t appear JPMorgan knew about Peter’s deteriorating cognition over the years in which he lost a fortune the firm had pegged at more than $50 million. While the ruling blocks their complaint from going to trial,…

(Reuters) -The U.S. Food and Drug Administration has placed a clinical hold on Kezar Life Sciences (NASDAQ:)’ trial of experimental drug for lupus, the company said on Friday. The FDA’s decision comes after the company said it had paused the mid-stage trial of the drug, zetomipzomib, to review safety data following the deaths of four patients, who were part of the trial in the Philippines and Argentina. Kezar was testing the drug in patients with active lupus nephritis, which causes inflammation and damage in the kidneys due to a form of immune-related condition called lupus. An independent study committee had…

As 2024 comes to a close, Bitcoin investors are eagerly eyeing the final quarter of the year, traditionally known for positive price action. With many speculating that a bullish rally may be on the horizon, let’s break down the historical data, analyze trends, and weigh the possibilities of what BTC’s price action might look like by the end of this year.Historical Performance of Bitcoin in Q4Looking at the past decade on the Monthly Returns Heatmap, Q4 has frequently delivered impressive gains for Bitcoin. Data shows that BTC often finishes the year strong, as evidenced by three consecutive green months in…

(Bloomberg) — Humana Inc. investors haven’t struggled through anything this bad since the global financial crisis 15 years ago.Most Read from BloombergThe health insurer’s stock price plunged 22% on Tuesday and Wednesday alone, something it last did in February 2009. And they kept falling, with shares suffering their worst week since 2020 and putting them at a level last seen in March of that year.It all started on Tuesday, when speculation rippled through the stock market that Humana was going to lose high quality ratings on some of the major plans it manages for the US Medicare program. By early…