Occidental Petroleum Up As Warren Buffett Adds Stock

Shares of Occidental Petroleum Corporation (OXY) are up more than 4% Tuesday morning following billionaire investor Warren Buffett’s Berkshire Hathaway revealed addition of $44 million of Occidental Petroleum stock. This raised Berkshire’s stake in the energy company to 16.4%. OXY is at $61.79. It has traded in the range of421.62-$74.04 in the past 1 year. Source: Read Full Article

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Deloitte Partners With NYDIG ‘To Provide Banking for All With Bitcoin’

Global professional services provider Deloitte has announced a strategic alliance with Bitcoin company NYDIG to help businesses implement digital asset capabilities.  According to Deloitte’s press release, “NYDIG will work with Deloitte’s blockchain and digital assets practice across multiple areas involving bitcoin products, such as banking, consumer loyalty and rewards programs, employee benefits and more.” This strategic partnership “creates a centralized […]

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Argentinian Tour Guide Jerónimo Explains How He ‘Fell in Love’ With Bitcoin and Why It Is So Popular in His Country

48-year-old Buenos Aires resident Jerónimo Ferrer recently explained why crypto (in particular, Bitcoin) has become so popular in Argentina, which is the the largest Spanish-speaking nation in the world by area. Ferrer is a Business Development Associate at Paxful, which is a leading peer-to-peer (P2P) bitcoin marketplace. He is also the host of a highly rated Airbnb experience (in the Argentinian […]

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CarMax Up 6% As Quarterly Earnings, Revenue Surpass Estimates

Shares of used vehicle retailer CarMax, Inc. (KMX) are up more than 6% Friday morning after reporting better-than-expected first-quarter results. Revenue for the quarter increased 21% year-over-year to $9.3 billion. Net earnings in the first quarter, however, declined to $252.27 million or $1.56 per share from $436.76 million or $2.63 per share in the same quarter a year ago, on […]

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EBay Expanding Foray Into Blockchain Technology And NFTs

Online e-commerce giant eBay is expanding its foray into blockchain technology and Non-Fungible Tokens (NFTs) with its acquisition of NFT marketplace KnownOrigin, which provides the technology and platform for artists to create unique, authentic, digital collectibles, in the form of NFTs. The deal combines eBay’s reach and reputation with KnownOrigin’s leading technology to empower a new wave of NFT creators, […]

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Phoenix Motor Continues Rally; Up 35%

Shares of EV maker Phoenix Motor Inc. (PEV) are continuing the rally on the second day today with more than 35% rise to $7.96. The company started trading on the Nasdaq recently on June 8 at an opening price of $6.50. Wednesday, financial services company ATIF Holdings Limited (ATIF) said it had participated in the IPO. “We routinely work with […]

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Bitcoin Primed For Immense Volatility As Chinese State Media Warns BTC Could Crash To Zero

The price of bitcoin and other cryptocurrencies has gyrated in recent days as investors remain wary due to recession fears. A Monday mini-rally had BTC perched back above $20,000 but the bulls are steadily losing their grip. The world’s largest cryptocurrency saw a brief dip under the $20,000 largely symbolic barrier as crypto faces a harsh winter. Meanwhile, China’s state-owned […]

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