Warren Buffett and tech stocks go together like…well, they usually don’t go together. The legendary investor typically avoids stocks that are out of his wheelhouse. And tech isn’t his strong suit. Unsurprisingly, Buffett doesn’t own a single share of Nvidia (NASDAQ: NVDA). So, has he missed out on the artificial intelligence (AI) stock’s massive gains […]
Tag: profited
17,000 company-strong study of COVID greedflation shows most U.K. firms profited from historic cost-of-living crisis
The aftermath of the COVID-19 pandemic came with many “new normals,” not least hybrid working and rising prices. Suggestions are growing that the latter may not have been entirely the result of extraneous factors. A study of 17,000 British firms by the country’s Unite Union found that on average they increased their profit margins by […]
Commercial Bank of Ethiopia head warns ‘no escape’ for clients who profited from glitch
The head of Ethiopia’s biggest commercial bank has told the BBC that customers who withdrew more money than was in their accounts because of a glitch cannot “escape” the law. Commercial Bank of Ethiopia (CBE) customers rushed to take out money, or transfer it to other accounts. It took several hours for the state-owned bank […]