New York Post

The world’s wealthiest people were a little less rich following Monday’s meltdown on Wall Street.

Amazon founder Jeff Bezos — who is second only to Elon Musk on Forbes’ list of billionaires — was the biggest loser as his net worth shrank by $23 billion since the rout began Friday.

In all on Monday, the 10 wealthiest people on the Forbes list lost $36 billion.



Bezos’ fortune fell $6.4 billion after suffering a $17 billion decline Friday, — but still leaving him with a net worth valued at $180.7 billion, according to Forbes.

Amazon bleeding billions of dollars from money-losing Alexa speakers: report

Bezos has...

Jeff Bezos loses $23B as Wall Street meltdown slams world’s richest people

It was a bad day at the market for many of the world’s wealthiest individuals – but no billionaires had it worse than Jeff Bezos. A telecom company got $5 billion in new AI deals — and its stock is up 93%. As the stock market tumbled...

Jeff Bezos is the biggest loser of the stock market slide

Monday proved to be a harsh day for billionaires worldwide, as a massive market selloff wiped out a staggering $201.9 billion from the collective net worths of the world’s 2,713 billionaires in less than 24 hours. The turmoil began in Asia, where Japan’s Nikkei index plummeted by 12%—its worst...

Billionaires Lose $201.9 Billion in a Single Day Amid Global Market Selloff – Jeff Bezos Suffered the Most

Fox Business

Multiple billionaires saw their net worths shrink on Monday while the global markets experienced significant turbulence, according to Forbes.

Billionaires see net worth drop amid stock market turmoil

Business Insider

Tech leaders like Elon Musk, Jeff Bezos, Mark Zuckerberg, and Jensen Huang saw their net worth decline by billions in the stock market downturn.

How much Silicon Valley's richest CEOs and founders lost in the stock market wipeout

The Motley Fool

The Oracle of Omaha's short-term actions and long-term ethos don't always mesh.

Warren Buffett Has Sold Almost $2.3 Billion of Bank of America Stock -- and It's a Direct Reminder of His $56 Billion Warning to Wall Street

New York City, NY

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

According to an article by Spencer Jacob for the Wall Street Journal (WSJ), which was published earlier today, investment expert Mark Spitznagel is concerned about the potential upcoming bursting of the “greatest bubble in human history.”. Spitznagel is an American investor and hedge fund manager best known for founding...

U.S. Stock Market Warning: The ‘Greatest Bubble in Human History’ Could Be About to Burst, Claims Investment Guru

MarketRealist

Nicholas Puech, who owned a 5.7% stake in the luxury brand, has claimed he has nothing left in bank.

Hermès heir promised to leave $13 billion fortune to his gardener. Now, the money is gone

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Business Times

Saudi Aramco, the world's most profitable oil company and a cornerstone of Saudi Arabia's economy, reported a 3.4% decline in its second-quarter profits, primarily due to lower crude volumes and softer refining margins. Despite this dip, the company maintained its substantial dividend payouts, announcing $31.1 billion in dividends for the quarter, a move that highlights its commitment to shareholder returns amid fluctuating market conditions.

Saudi Aramco Faces Profit Drop Amid Lower Crude Volumes, Yet Commits to Massive $31.1 Billion Dividend Payout

California State

A stalking horse bid is used as a starting or minimally accepted offer that other interested bidders must surpass if they want to buy the asset or the company. California-based Complete Solaria, a solar technology, services, and installation company will acquire SunPower's Blue Raven Solar business, New Homes business, and non-installing Dealer network.

SunPower files for bankruptcy, to sell some $45 million assets via stalking horse bid

24/7 Wall St.

 Nancy Pelosi in 2023 saw some of the highest investment wins in Congress with a 65.5% return. Congress is not subject to the same insider trading rules as ordinary Americans are. So many retail investors keep a close eye on what they’re trading. If you’re looking for stocks poised to ride the next […]
The post Nancy Pelosi Made Millions On NVIDIA – Here’s Her Next Stock Play appeared first on 24/7 Wall St..

Nancy Pelosi Made Millions On NVIDIA – Here’s Her Next Stock Play

Amazon's price-to-sales ratio is near its 10-year average. Smartphone chip leader Qualcomm is again connecting with investors. Meta Platforms isn't dependent on AI spending for long-term growth. These companies are winning now and should continue winning for the foreseeable future. Don't let Nvidia's raging popularity distract you from the fact...

3 AI Stocks to Buy With $1,000 and Hold Forever

Niket Shah of Motilal Oswal also discusses says it also likes the country's consumer discretionary sector.

Financial services firm says it's bullish on India's IT and telecom sectors

It’s been an eventful couple of weeks, so much so that what I think will ultimately prove one of 2024’s most important revelations largely flew under the radar. That is the revelation that 93-year-old Warren Buffett, whose estimated fortune of $137 billion makes him the fifth-richest person in the US, will no longer give away his fortune on his death to the Gates Foundation, as had long been planned. Instead, it will go to a trust where his three adult children will decide what to do with it.

Warren Buffett’s breakup with the Gates Foundation will hurt the world

Akeena

It looks like Red Lobster might be on the verge of a fresh start. After filing for Chapter 11 bankruptcy back in May, the beloved seafood chain is about to change hands, and it seems like things are moving fast.

Beloved Seafood restaurant chain could soon have a new owner, two months after bankruptcy

Distractify

In a filing with the U.S. Securities and Exchange Commission on Saturday, August 3, it was revealed that billionaire Warren Buffett has sold over half of his stock in Apple this year. The most recent sale netted almost $76 billion, per Reuters, and combined with a few smaller sales earlier, brought his total sold shares to over 500 million in 2024 alone.Before Berkshire Hathaway, Buffett's company, began investing in Apple in 2016, the famed investor had previously avoided backing any tech companies. However, his decision to finally invest in Apple has since made his shareholders a boatload of money —...

Speculation on Why Warren Buffett Just Sold Half of His $160 Billion Stock in Apple Abounds

SoftBank Group booked a 1.9 billion yen ($12.9 million) investment gain on its Vision Fund tech investment arm in the company's fiscal first quarter ended June, swinging back into the black. The Japanese giant also announced it would buy back up to 6.8% of shares available amounting to up to...

SoftBank swings back to gains at Vision Fund tech arm, announces up to $3.4 billion share buyback

TheWrap

The media giant reportedly determined a split of streaming and studio businesses from linear could create "operational challenges"
The post Warner Bros. Discovery Looks to Pursue Smaller Asset Sales After Mulling Possible Break-Up | Report appeared first on TheWrap.

Warner Bros. Discovery Looks to Pursue Smaller Asset Sales After Mulling Possible Break-Up | Report

NewsBreak

Does Gautam Adani Threaten Mukesh Ambani to Become Asia’s Richest Individual?

Mukesh Ambani, the Chairman of Reliance Industries, holds the title of Asia’s wealthiest individual with an impressive net worth of $114 billion, ranking him 1st on...

Does Gautam Adani Threaten Mukesh Ambani to Become Asia’s Richest Individual?

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