Elon Musk s Bitcoin turnaround pleases some Tesla investors
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Last Updated: May 15, 2021, 09:26 AM IST
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Synopsis
The Tesla boss tweets, which had helped drive some of the gains in bitcoin in recent months, this week triggered a 17% slide in the value of the cryptocurrency when he said his company s customers would no longer be able to use bitcoin to buy its cars.
Reuters
Bitcoin is created when high-powered computers compete against other machines to solve complex mathematical puzzles, an energy-intensive process.
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LONDON/BOSTON: Elon Musk s decision to stop accepting bitcoin as payment over environmental concerns has been well-received by some of Tesla Inc s investors, offering a warning to corporate peers mulling a dabble with the cryptocurrency.
European fund giant questions Frydenberg proxy reforms
May 4, 2021 – 10.54am
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A $400 billion European pension fund has questioned Treasurer Josh Frydenberg’s move to force proxy advisers to split from superannuation funds, raising concerns the proposals could squeeze the amount of time investors have to consider how to vote their shares.
The Treasurer’s proxy firm proposals have been endorsed by business leaders but questioned by major investor groups.
Vanguard, which oversees more than $9 trillion of savings as one of the world’s biggest asset managers, said its voting behaviour at annual general meetings was already independent of any recommendations made by proxy advisers and was a result of a “rigorous internal process”.
BusinessAnalysis: Berkshire Hathaway faces headwinds as shareholders look to its future
John MccrankJonathan Stempel
4 minute read
Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018. REUTERS/Rick Wilking//File Photo
Some Berkshire Hathaway shareholders are grappling with how Warren Buffettâs conglomerate will handle a thicket of post-pandemic challenges, including looming inflation, a dearth of acquisitions and demands for more environmental and social disclosures.
Making money at Berkshire used to be like âshooting fish in a barrel, but thatâs gotten harder,â Buffettâs long-time business partner Charlie Munger said at the conglomerateâs annual meeting on Saturday.
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