WorldPing
WorldPingFortune
Berkshire pads Delta, Alphabet stakes as Abel taps cash pile
The conglomerate continued to pare its stake in Bank of America Corp. and now owns 6.8% of the US lender’s shares.
Brief by WorldPing · Original reporting by Fortune
Fortune
Nvidia has $21 billion SpaceX stake, $30 billion in Intel shares
WorldPingNvidia also had stakes in Coherent Corp., Generate Biomedicines Inc., Nebius Group NV, Nokia Corp. and Synopsys Inc. as of June 30.
This is a short WorldPing brief. The full report was published by Fortune.
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WorldPing
WorldPingFortune
Jane Street lost $15 billion in its first down month in a decade
Jane Street was rattled by Situational Awareness and the equity market turmoil.
Brief by WorldPing · Original reporting by Fortune
WorldPingFortune
Anthropic revenue surges to over $11.5 billion in second quarter
Anthropic PBC is telling prospective investors its second-quarter revenue jumped at least 14-fold versus the same period a year ago.
Brief by WorldPing · Original reporting by Fortune
WorldPingFortune
Boiler room raised $74 million selling retirees SpaceX, Anduril, Anthropic, and Perplexity while reaping ‘massive hidden fees,’ SEC claims
The New York financier at the center of the case, Andrew Spaventa, denied the allegations on Friday, and said he planned to defend himself.
Brief by WorldPing · Original reporting by Fortune
WorldPingFortune
$38 billion Twilio CEO wakes at 4:30 a.m., works Sundays, and runs laps around his house between meetings to blow off steam
EXCLUSIVE: Running a $38 billion company looks like 4:30 a.m. starts, working on Sundays and running laps around the house to blow off steam—and Twilio’s CEO says all his peers have similarly strict routines.
Brief by WorldPing · Original reporting by Fortune
WorldPingThe Guardian
Donald Trump doesn’t just love billionaires, he loves multimillionaires too
US tax policy deprives the government of revenue and overwhelmingly serves the interests of the rich After the House passed its version of Donald Trump ’s One Big Beautiful Bill Act (OBBBA) last year – the one that paired a $5tn-plus tax cut with $1t…
Brief by WorldPing · Original reporting by The Guardian