Monthly Archives: August 2022

Social investment platform eToro to acquire fintech startup Gatsby for $50M

Multi-asset social investment network and Robinhood competitor eToro has signed a definitive agreement to acquire Gatsby — a fintech startup which also aimed to go head to head against Robinhood — for $50 million in a cash and common stock deal. Israel-based eToro told TechCrunch this week that it just received approval from FINRA, the…

‘She-Hulk: Attorney at Law’ review: Marvel’s lawyer comedy is its most fun show yet

She-Hulk: Attorney at Law is unlike any Marvel show we’ve seen before. Yes, it’s the story of a hero — Jennifer Walters, aka She-Hulk (Tatiana Maslany) — discovering their powers. And yes, it features several prominent MCU cameos. But this half-hour comedy about a lawyer-turned-Hulk has just as much in common with Ally McBeal or…

Trump declared he could ‘declassify anything’ when officials tried to stop him tweeting a top-secret intel briefing in 2019, report says

President Donald Trump uses his cellphone during a roundtable discussion at the White House in in Washington DC, on June 18, 2020. Jabin Botsford/The Washington Post via Getty Images Trump never fully understood the risks of revealing classified information, sources told NBC News. In a 2019 meeting, he ignored warnings from intelligence officials and tweeted…

Warren Buffett’s Berkshire Hathaway has spent nearly $60 billion on stocks this year – and shows no signs of stopping

Warren Buffett. AP Images Warren Buffett’s Berkshire Hathaway has spent nearly $60 billion on stocks this year. Berkshire invested $57 billion in the first half, then piled a further $1.7 billion into Oxy stock. It has spent almost $50 billion on stocks on a net basis, dwarfing its outlays in past years. Warren Buffett and…

US shale producers could be facing over $10 billion in hedging losses even as oil prices hover around $100 a barrel, Rystad Energy says

US shale producers currently have 46% of their expected oil output hedged. (Photo by Michael S. Williamson/The Washington Post via Getty Images) US shale oil producers could face more than $10 billion in hedging losses, per Rystad Energy.  Currently, operators have 42% of their expected crude output for the year hedged at $55 a barrel. …

Target drops after the retailer’s quarterly earnings plunge 89% in offloading piled-up inventory

Now that shoppers’ budgets have shifted to travel and service spending, stores are saying they need to get rid of their excess inventory. John Minchillo/ASSOCIATED PRESS Target shares fell Wednesday after the retailer’s second-quarter earnings dropped 89%, missing expectations by a wide margin.  Earnings were $0.39 a share, below the FactSet consensus estimate of $0.79…