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February 24 - The Peoples Bank of China (PBOC) kept the one-year and five-year loan prime rates (LPR) unchanged at 3% and 3.5% respectively, marking the ninth consecutive month of no change.Chinas one-year loan prime rate as of February 24 was 3%, as expected and unchanged from the previous value of 3.00%.Chinas five-year loan prime rate (LPR) as of February 24 was 3.5%, compared to an expected 3.50% and the previous value of 3.50%.Chinas one-year loan prime rate (LPR) up to February 24 will be announced in ten minutes.1. All three major U.S. stock indexes closed lower. The Dow Jones Industrial Average fell 1.66% to 48,804.06 points, the S&P 500 fell 1.04% to 6,837.75 points, and the Nasdaq Composite fell 1.13% to 22,627.27 points. IBM fell more than 13%, and American Express fell more than 7%, leading the decline in the Dow. IBM suffered its biggest drop since 2000 due to the threat of AI to its core business. The Wind U.S. Tech Giants Index fell 0.99%, with Microsoft falling more than 3% and Tesla falling nearly 3%. The Nasdaq China Golden Dragon Index fell 0.95%, with Kingsoft Cloud falling nearly 9% and BOSS Zhipin falling more than 6%. 2. All three major European stock indices closed lower. The German DAX index fell 1.06% to 24,991.97 points, the French CAC40 index fell 0.22% to 8,497.17 points, and the UK FTSE 100 index fell 0.02% to 10,684.74 points. The EUs freeze on the ratification process of the trade agreement with the US was the main trigger. 3. 4. International precious metal futures generally closed higher. COMEX gold futures rose 3.29% to $5,247.90 per ounce, and COMEX silver futures rose 6.87% to $88.00 per ounce. 5. The main US crude oil contract closed down 0.29% at $66.29 per barrel; the main Brent crude oil contract fell 0.29% to $71.09 per barrel.

Warren Buffett’s Berkshire warns about crypto website using its name

Skylar Shaw

Nov 21, 2022 14:45

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Warren Buffett's company Berkshire Hathaway Inc. issued a warning to investors on Friday stating that it is not associated with a fictitious cryptocurrency brokerage website using the Berkshire Hathaway brand.


According to the website's operator, a broker with headquarters in Texas and a founding date of 2020, cryptocurrency mining investments offer investors "the chance to achieve a 100% passive income from investment."


It uses the wrong names for two regulators and claims the broker is regulated in the US, UK, Cyprus, and South Africa while including ostensibly positive customer testimonials. In contrast to Buffett's company, it uses a different email format.


Buffett has long been dubious of cryptocurrencies and referred to bitcoin as "rat poison squared" in 2018.


Buffett's business said in a statement that it discovered the berkshirehathawaytx.com website on Friday afternoon.


The owner of this web domain "has no association with Warren E. Buffett, Chairman and CEO of Berkshire Hathaway Inc.," according to Berkshire.


Requests for comments were not immediately answered by the website's owner.


Since 1965, Buffett has been the company's president and CEO.


The conglomerate, which is based in Omaha, Nebraska, controls a number of businesses, such as the BNSF railroad and the Geico auto insurer, and as of September 30, it held more than $306 billion in equity.


Recently, there has been increased scrutiny of cryptocurrencies. This week, U.S. cryptocurrency investors filed a lawsuit against FTX founder Sam Bankman-Fried and a number of celebrities who supported his exchange, including NFL quarterback Tom Brady and comedian Larry David. The investors claimed that the celebrities used dishonest sales tactics to promote yield-bearing FTX accounts. As a result of reports that $10 billion in customer assets were transferred from FTX to Bankman-trading Fried's firm Alameda Research, FTX filed for bankruptcy and is now under investigation by American authorities.