Stock Market Survival

Updated

US Supreme Court won’t upend tax on Americans’ foreign earnings

BY Reuters  • June 20, 2024June 20, 2024
By Andrew Chung WASHINGTON (Reuters) -The U.S. Supreme Court preserved a tax on Americans who have invested in certain foreign corporations as constitutionally sound, ruling on Thursday against a chal[...]
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Berkshire Hathaway boosts stake in Occidental Petroleum to nearly 29%

BY Reuters  • June 18, 2024June 18, 2024
(Reuters) -Billionaire Warren Buffett’s Berkshire Hathaway Inc acquired another 2.95 million shares in Occidental Petroleum, a regulatory filing showed, bringing his stake in the U.S. oil produc[...]
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UBS sets aside $900 million to repay investors in collapsed Greensill funds

BY Reuters  • June 17, 2024June 17, 2024
By Noele Illien ZURICH (Reuters) -UBS will set aside around $900 million to repay investors in Credit Suisse funds that were linked to collapsed supply chain financing firm Greensill Capital, accounti[...]
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Japan watchdog recommends action on MUFG units over sharing of client data

BY Reuters  • June 14, 2024June 14, 2024
By Anton Bridge TOKYO (Reuters) -Japan’s securities watchdog recommended on Friday that the banking and securities units of Mitsubishi UFJ Financial Group (MUFG) be penalised for what it said wa[...]
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Analysis-Super-rich may quit UK over Labour plans for inheritance taxes on trusts

BY Reuters  • June 14, 2024June 14, 2024
By Sinead Cruise LONDON (Reuters) – Private banks and advisers to Britain’s super-rich say some clients may quit the country if Labour wins next month’s general election and pushes a[...]
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Factbox-How Elon Musk’s pay package compares with other top CEOs in the US

BY Reuters  • June 13, 2024June 13, 2024
(Reuters) -Tesla shareholders will vote on Thursday on whether to ratify CEO Elon Musk’s $56 billion pay package, which a Delaware judge voided in January because she found he improperly control[...]
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CalPERS becomes latest Tesla shareholder to vote against Musk’s pay package

BY Reuters  • June 12, 2024June 13, 2024
(Reuters) -The California Public Employees’ Retirement System is set to vote against Tesla CEO Elon Musk’s $56 billion compensation package, the largest U.S. pension fund’s CEO said[...]
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These early Tesla bulls are giving up on the stock

BY Reuters  • June 5, 2024June 5, 2024
By David Randall NEW YORK (Reuters) -Some of Tesla’s institutional shareholders are getting out, convinced that the electric carmaker’s days of dizzying growth are in the rear-view mirror.[...]
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In the Market: In Asia, people ask, how do I derisk from America?

BY Reuters  • May 29, 2024May 29, 2024
By Paritosh Bansal (Reuters) -A European private wealth manager in Hong Kong told me last week he recently got the catalyst he needed to land a Taiwanese billionaire’s account: geopolitics. The[...]
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