To The Moon

$Vanguard S&P 500 ETF(VOO)$  

$NEBIUS(NBIS)$ signs $17.4 billion AI infrastructure deal with$Microsoft(MSFT)$ , share jumps.

Singapore's biggest bank, DBS, says it expects to cut about 4,000 roles over the next three years as artificial intelligence (AI) takes on more work currently done by humans. The move will affect temporary and contract staff, a bank spokesperson said, with the reduction in the workforce coming from "natural attrition" as projects are completed. Permanent staff are not affected by the cuts. The bank's outgoing chief executive Piyush Gupta also said it expected to create around 1,000 new AI-related jobs. It makes DBS one of the first major banks to offer details on how AI will affect its operations.

Warren Buffett reveals the heartbreaking real reason he stepped down from Berkshire Hathaway. Warren Buffett admitted that he only started to 'become old' when he hit the age of 90 which led to the Wall Street legend finally stepping down from Berkshire Hathaway at 94. Earlier this month, the 'Oracle of Omaha' attracted gasps and then a standing ovation when he broke the news during the annual meeting of his firm. Buffett gave no specific reason when he announced his departure, merely endorsing long-time chairman Greg Abel as his successor. 'I think the time has arrived where Greg should become the chief executive officer of the company at year end,' Buffett said. However, in a new interview, Buffett admitted that his age was finally catching up to him as he headed toward his mid-90s. 'I d

$Berkshire Hathaway(BRK.B)$ trims $Bank of America(BAC)$ stake for the first time since 2019 after strong rally, sells 34 million Bank of America shares." Buffett is arguably the best investor of the past few generations, averaging annual gains of around 20% for decades. So if his company, Berkshire Hathaway, is shedding lots of shares of Bank of America (NYSE: BAC), you might reasonably wonder if you should do the same?

$Chubb(CB)$ has reported a net income of $2.23bn in the second quarter (Q2) of 2024, a 4% rise from $2.14bn in the previous quarter and a 24.3% increase from $1.79bn in Q2 2023. For the first six months of 2024, the property and casualty insurer’s net income totalled $4.37bn. Net premiums written during the April-June 2024 quarter reached $13.36bn, up 11.8% from $11.95bn in the same period of 2023. The company's global property and casualty (P&C) segment, excluding agriculture, reported an 11.2% rise in net premiums written, amounting to $11.02bn. This was driven by a 9.6% growth in commercial insurance and a 15.2% increase in consumer insurance. Life insurance also recorded growth, with net premiums written surging by 24.5% to $1.58bn. Thi