archivecategory: News

World Liberty Financial, a crypto venture backed by former U.S. President Donald Trump, is set to release a stablecoin audit and launch a new application.What Happened: The Trump family, which has a 75% claim on the venture’s net revenues, has been the subject of criticism due to potential conflicts of interest with the president’s involvement in crypto, reported Reuters.Zak Folkman, the co-founder of the platform, said the audit would be carried out “within days.” Folkman revealed that the app would make it seamless for lay investors to use cryptocurrencies.World Liberty...

Warren Buffett, the CEO and chairman of Berkshire Hathaway, has shown a clear preference for stocks over real estate when it comes to long-term investment opportunities.What Happened: Buffett, during the Berkshire Hathaway annual shareholder meeting, was queried about his continued interest in buying stocks over property. He responded by emphasizing the vast opportunities offered by the US stock market.“The security market in the United States presents much more opportunities than real estate,” Buffett stated.Buffett underscored his argument by comparing the performance of the stock market and real estate over the past four decades. As...

Take-Two Interactive Software Inc TTWO shares are trading lower Wednesday after the company announced a proposed public offering of common stock.What Happened: After the market close on Tuesday, Take-Two announced a proposed underwritten public offering of 4.75 million shares of common stock for $225 per share. All shares in the offering are being sold by the company.Take-Two also granted the underwriters a 30-day window to purchase up to an additional 712,500 shares at the offering price. The company anticipates total net proceeds of approximately $1.04 billion, or $1.19 billion if the...