Warren Buffett dumps $3B worth Bank of America shares to cash in on soaring stock price
Billionaire investor Warren Buffett has profited by selling more than $3 billion worth of Bank of America stock in the past few weeks after shares of the second-largest US bank surged. According to a regulatory filing late on Monday night, the 93-year-old Buffett, known as the “Oracle of Omaha,” liquidated 18.4 million shares of the […]
Legal or not, Harris is seizing Biden’s campaign cash
President Biden’s sudden and unprecedented withdrawal with just months to go until the 2024 presidential election raises many questions. One key question is how this unusual scenario will affect Kamala Harris and the Democratic Party from a campaign finance perspective. First, the Democrats have already renamed the “Biden Campaign for President” to the “Harris Campaign […]
Yields on cash are likely to drop. Put money to work here instead, Janus Henderson says – CNBC
Investors with cash are getting a nice yield, but that attractive income is about to run out. Money market fund assets hit $6.14 trillion as of the week ending July 24, according to the Investment Company Association. Can you blame investors for hoarding cash in these accounts? The largest money market fund has an annualized […]
Small Business Owners Prefer Cards Over Cash
The following content is Small and Medium Enterprise Payments Alliance. Accepting credit cards has become not only a convenience but a necessity for businesses, especially small businesses competing with large megastores. Whether you run a local bakery or a yoga studio, offering your customers the option to pay with a credit card can significantly increase […]
Key workers quit jobs to avoid cash penalties for breaching carer’s allowance | Society
Teachers, NHS staff and other key workers juggling part-time work with caring for loved ones are quitting their jobs to avoid huge fines for breaching carer’s allowance rules, a survey has found. An investigation into the human impact of penalties has found that sanctions running up to thousands of pounds, caused by opaque rules and […]
FLASHBACK: Harris Wanted To End Cash Bail And Reduce Penalties For Criminals
A newly-resurfaced memo put out by Vice President Harris’ 2020 presidential campaign outlined her plan to “fundamentally transform” the criminal justice system by reducing penalties for criminals. Harris, in 2019, promised to end cash bail, get rid of court-ordered fines, expunge the records of some felons, discontinue federal mandatory minimum sentences and to place greater […]
Biden campaign co-chair ‘pissed off’ at big donors for cutting off cash to the president: ‘No-win situation’
The co-chair of President Biden’s now-disbanded campaign expressed anger at big donors who decided to withhold donations, suggesting they forced Biden to abandon his reelection effort. After Biden announced Sunday that he would not run for a second term, Biden campaign co-chairman Cedric Richmond told CNN. He claimed that wealthy donors had “created a self-fulfilling […]
Wall Street Elites Plot To Turn Kamala Into Their ‘Yes Man’ Puppet, And It Involves Lots And Lots Of Cash
Wall Street has apparently wasted no time in rallying behind Vice President Kamala Harris’s bid for the presidency, according to a Wednesday report. For all y’all hoping Harris won’t be choking down the Wall Street dollars, essentially handing control of her potential White House over to a bunch of elitist millionaires and billionaires, Bloomberg had […]
Trump files FEC complaint over transfer of Biden cash to Harris
The Trump campaign filed a complaint with the Federal Election Commission (FEC) on Tuesday, accusing Vice President Harris’ campaign of improperly taking control of President Biden’s campaign funds when he dropped out of the race on Monday. Complaints, The New York Times reportedThis comes after Biden’s campaign account changed its name to “Harris for President” […]
Clooney, Hollywood line up behind Harris as celebrity endorsements and cash pour in
Hollywood Democrats are boosting donations to Vice President Kamala Harris, whose presidential campaign is gaining momentum with a string of celebrity endorsements. Democratic fundraiser and actor George Clooney, who in a July 10 New York Times op-ed called on Biden to drop out of the 2024 presidential bid, voiced his support for Harris on Tuesday […]