Charles Li Xiaojia, the longest-serving CEO of Hong Kong Exchanges and Clearing (HKEX), defined a decade of city finance by bridging the gap between Chinese and global capital. From his early days as an offshore oil worker in northeastern China to serving as chairman of JPMorgan Chase’s China division, Li’s career has resembled China’s own economic opening. In his 11 years as HKEX CEO before stepp...
Charles Li Xiaojia, the longest-serving CEO of Hong Kong Exchanges and Clearing (HKEX), defined a decade of city finance by bridging the gap between Chinese and global capital. From his early days as an offshore oil worker in northeastern China to serving as chairman of JPMorgan Chase’s China division, Li’s career has resembled China’s own economic opening. In his 11 years as HKEX CEO before stepping down in 2021, Li masterminded the landmark Stock Connect schemes, linking Hong Kong with...
Social Security is just six years away from a potential benefit cut of 28%, according to recent research from the Congressional Budget Office (CBO). This is understandably worrying, especially if you expect to be heavily dependent on your checks in retirement. You might wonder whether the possible cut means you should sign up early rather than putting off your application so you can increase your ...
Social Security is just six years away from a potential benefit cut of 28%, according to recent research from the Congressional Budget Office (CBO). This is understandably worrying, especially if you expect to be heavily dependent on your checks in retirement. You might wonder whether the possible cut means you should sign up early rather than putting off your application so you can increase your checks. There's a lot we still don't know, but the answer to this question at least seems pretty clear. Image source: Getty Images. Continue reading
Plymouth chief executive calls move ‘difficult decision’ Players included in email will not have contract renewed Plymouth Argyle have told the vast majority of their women’s first-team players their contracts will not be renewed this summer, the Guardian has learned, just weeks after they narrowly missed out on promotion to Women’s Super League 2. In an email sent to almost all of the senior squa...
Plymouth chief executive calls move ‘difficult decision’ Players included in email will not have contract renewed Plymouth Argyle have told the vast majority of their women’s first-team players their contracts will not be renewed this summer, the Guardian has learned, just weeks after they narrowly missed out on promotion to Women’s Super League 2. In an email sent to almost all of the senior squad, Plymouth’s chief executive, Paul Berne, explained that the “difficult decision” to let the players go reflected “the direction of the squad for next season” and went on to thank the players and offer them job references. Continue reading...
With Iga Swiatek's early French Open exit meaning new men's and women's champions will be crowned, BBC Sport analyses how the draws have been blown open.
With Iga Swiatek's early French Open exit meaning new men's and women's champions will be crowned, BBC Sport analyses how the draws have been blown open.
The US Department of Commerce on Sunday moved to close a year-old potential loophole it had created that may have led companies to export the world’s most advanced chips – such as Nvidia’s most sophisticated Rubin and Blackwell processors, as well as AMD’s MI350x – to Chinese entities located outside China. The unexpected guidance suggests the United States’ best artificial intelligence chips may...
The US Department of Commerce on Sunday moved to close a year-old potential loophole it had created that may have led companies to export the world’s most advanced chips – such as Nvidia’s most sophisticated Rubin and Blackwell processors, as well as AMD’s MI350x – to Chinese entities located outside China. The unexpected guidance suggests the United States’ best artificial intelligence chips may have been making their way to the subsidiaries of Chinese AI firms based in places such as Malaysia...
Berkshire Buys Taylor Morrison For $6.8 Billion In First Big Deal Under Greg Abel Less than a month after we mused at Berkshire's most recent cash hoard which as of March 31 stood just shy of $400 billion, and wondered who Warren Buffett's replacement Greg Abel will acquire first ... ... we got the answer on Sunday afternoon, when Berkshire announced it will acquire homebuilder Taylor Morrison Hom...
Berkshire Buys Taylor Morrison For $6.8 Billion In First Big Deal Under Greg Abel Less than a month after we mused at Berkshire's most recent cash hoard which as of March 31 stood just shy of $400 billion, and wondered who Warren Buffett's replacement Greg Abel will acquire first ... ... we got the answer on Sunday afternoon, when Berkshire announced it will acquire homebuilder Taylor Morrison Home Corp. in an all-cash deal worth about $6.8 billion . Which means that after the deal, Berkshire still has $390 billion in T-bills collecting about 3.5%. The offer of $72.50 per common share represents a 24% premium to the home builder’s latest closing price on Friday. The deal is expected to close in the second half of this year. Taylor Morrison is one of the largest community developers and homebuilders in the US and also offers financial services like home loans, titles, escrow and insurance to consumers, according to the statement . The firm has more than 350 communities across 12 states. The existing Taylor Morrison management team, including Chief Executive Officer Sheryl Palmer, will continue to lead the firm, according to the statement. “We are excited to welcome Taylor Morrison into Berkshire’s portfolio,” Greg Abel, chief executive officer of Berkshire Hathaway, said in a statement Sunday . “Over time, we expect to unify our site-built homebuilding operations into a combined platform enabling us to deliver the dream of homeownership to more Americans.” This is the first multibillion-dollar acquisition under Abel, who took over Berkshire Hathaway earlier this year after Warren Buffett retired last year. While investors have been satisfied with Abel’s command over the sprawling conglomerate, some have been hoping that a deal could support Berkshire’s shares, which fell 5.6% so far this year, largely due to Berkshire's lack of exposure to the AI bubble. The S&P 500 index gained 10.7% in the same period. It is unclear if the deal signals that Abel believes the bottom...
格隆汇6月1日｜伯克希尔·哈撒韦与泰勒·莫里森房屋公司（Taylor Morrison Home Corporation）周日联合宣布，双方已达成协议，伯克希尔将以全现金方式收购泰勒·莫里森，交易估值约为85亿美元。伯克希尔将以每股72.50美元的现金价格收购这家房屋建筑商，从而使泰勒·莫里森的股权估值达到约68亿美元。这一收购报价较泰勒·莫里森周五收盘价每股58.50美元溢价约24%。泰勒·莫里...
格隆汇6月1日｜伯克希尔·哈撒韦与泰勒·莫里森房屋公司（Taylor Morrison Home Corporation）周日联合宣布，双方已达成协议，伯克希尔将以全现金方式收购泰勒·莫里森，交易估值约为85亿美元。伯克希尔将以每股72.50美元的现金价格收购这家房屋建筑商，从而使泰勒·莫里森的股权估值达到约68亿美元。这一收购报价较泰勒·莫里森周五收盘价每股58.50美元溢价约24%。泰勒·莫里森成立于2013年，其主营业务涵盖住宅房屋建筑及“生活方式社区”的开发，业务范围遍及全美12个州。这笔交易突显了伯克希尔对房屋建筑领域长期以来的浓厚兴趣。此前，伯克希尔在该领域的业务重心主要集中在克莱顿房屋公司身上，该公司于2003年被伯克希尔收购。伯克希尔首席执行官格雷格·阿贝尔表示，此次收购将有助于拓宽伯克希尔的业务版图，使其涉足“现场建造房屋”（site-built homes）领域，并有望在未来逐步整合双方的运营业务。
Brazil’s state-controlled oil giant Petroleo Brasileiro SA is reducing domestic diesel prices starting Monday as part of a government subsidy program to shield consumers from the war in the Middle East. Petrobras said it will reduce its average diesel selling price to distributors by 0.3515 reais per liter beginning June 1, lowering the price by 9.6% to 3.30 reais per liter, the company said in a ...
Brazil’s state-controlled oil giant Petroleo Brasileiro SA is reducing domestic diesel prices starting Monday as part of a government subsidy program to shield consumers from the war in the Middle East. Petrobras said it will reduce its average diesel selling price to distributors by 0.3515 reais per liter beginning June 1, lowering the price by 9.6% to 3.30 reais per liter, the company said in a statement . The reduction is tied to a federal subsidy program designed to offset the reinstatement of the PIS and Cofins fuel taxes. Brazil Extends Measures to Limit Fuel Price Hikes by Two Months Petrobras Hikes Gasoline Prices After Brazil Subsidies Approved It’s the first price cut since the company raised domestic diesel prices for distributors to 3.65 reais a liter in March and comes days after Petrobras raised domestic gasoline prices for distributors.
We just covered From Fired Researcher to $13.7 Billion King: How Leopold Aschenbrenner Broke the Hedge Fund World and Intel Corporation (NASDAQ:INTC) ranks 15th on this list. Intel Corporation (NASDAQ:INTC) is a new addition to the 13F portfolio of Situational Awareness LP. The fund declared a new stake in the company in filings for the […]
We just covered From Fired Researcher to $13.7 Billion King: How Leopold Aschenbrenner Broke the Hedge Fund World and Intel Corporation (NASDAQ:INTC) ranks 15th on this list. Intel Corporation (NASDAQ:INTC) is a new addition to the 13F portfolio of Situational Awareness LP. The fund declared a new stake in the company in filings for the […]
On May 14, 2026, Brigade Capital Management disclosed in an SEC filing that it sold out of Nabors Industries (NYSE:NBR) , unloading 675,879 shares for an estimated $49.04 million based on quarterly average pricing. According to its SEC filing dated May 14, 2026, Brigade Capital Management sold its entire holding in Nabors Industries, disposing of 675,879 shares. The estimated transaction value for...
On May 14, 2026, Brigade Capital Management disclosed in an SEC filing that it sold out of Nabors Industries (NYSE:NBR) , unloading 675,879 shares for an estimated $49.04 million based on quarterly average pricing. According to its SEC filing dated May 14, 2026, Brigade Capital Management sold its entire holding in Nabors Industries, disposing of 675,879 shares. The estimated transaction value for the quarter was $49.04 million, based on the average unadjusted closing price from January to March 2026. The position’s quarter-end value fell by $36.70 million, capturing the impact of both trading and price changes. Nabors Industries is a leading provider of drilling and drilling-related services, operating a diversified fleet of rigs and offering advanced technology solutions for the oil and gas sector. The company leverages its scale and engineering expertise to deliver integrated services and proprietary automation tools that enhance operational efficiency for its clients. With a global footprint and a focus on innovation, Nabors Industries maintains a competitive position in the energy services industry. Continue reading