Category: Finance
In 2023, the average amount borrowed by new customers taking out equity release plans was £97,878, according to the Equity Release Council.
Keywords: Equity Release, Finance, Borrowing
Source: Radio Times
Update At: 8/3/2024
Radio Times
Elon Musk's net worth dropped by $16 billion due to a significant decline in Tesla shares, which fell over 11% after disappointing earnings. Despite this, he remains the richest person globally with a net worth of $232 billion, significantly ahead of Jeff Bezos. Tesla's profits fell by 45%, although revenue increased slightly. The company faces growing competition in the electric vehicle market.
Quartz
High potential biotech stocks Vertex Pharmaceuticals, United Therapeutics, and Halozyme Therapeutics are positioned for significant returns by 2028, driven by strong financial performance and innovative treatments in their respective fields.
InvestorPlace
Warren Buffett has sold $1.5 billion of Bank of America stock, reducing Berkshire Hathaway's stake by 3.3%. This move may be due to the stock's strong performance and favorable tax implications. Despite the sale, Buffett still values the business but may not see significant growth ahead. Analysts suggest caution for potential investors in Bank of America, as it was not included in a list of top stock picks.
Yahoo Finance
Warren Buffett sold approximately 34 million shares of Bank of America, marking a 3.4% reduction in his stake. This is his first sale since 2019, raising questions about his motivations, which may include raising cash for successors, preparing for potential corporate tax increases, and concerns over Bank of America's performance and unrealized losses.
The Motley Fool
Berkshire Hathaway sold approximately 33.9 million shares of Bank of America for about $1.48 billion, reducing its stake to around 999 million shares. The company, led by Warren Buffett, has been a significant investor in Bank of America since 2011.
CNBC
Berkshire Hathaway sold approximately 33.9 million shares of Bank of America for $1.48 billion, reducing its ownership to about 999 million shares valued over $42 billion. This divestment follows BAC's Q2 results, which, despite exceeding earnings estimates, showed a 5.7% profit drop. Analysts maintain a Moderate Buy consensus on BAC stock, with a price target suggesting a 5.3% upside potential.
Tipranks
Warren Buffett's Berkshire Hathaway has sold $1.5 billion worth of Bank of America shares, offloading 33.9 million shares at an average price of $43.56. This sale has reduced Berkshire's stake in BAC to 10.8%, making Buffett the second-largest holder of BAC shares. Despite the sell-off, Berkshire still holds 999 million shares valued at $43 billion. This marks the first sale of BAC shares since late 2019, raising concerns about potential further reductions in holdings, including a recent cut in Apple shares.
Watcher Guru
Berkshire Hathaway has sold approximately 18.9 million common shares of Bank of America, according to a recent SEC filing.
marketscreener.com
Southwest Airlines' high P/E ratio of 41.4x suggests strong future growth expectations despite recent earnings declines. Analysts predict a 55% annual growth in earnings over the next three years, significantly higher than the broader market's 10%. Investors seem to believe in the company's potential turnaround, but risks remain, including three warning signs identified for the airline.
Simply Wall Street