Musk has confirmed that Linda Yaccarino has become the CEO of Twitter.

https://twitter.com/elonmusk/status/1657050349608501249

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Binance.US and Changpeng Zhao, the crypto exchange’s founder, majority owner and chair, have been exploring ways to reduce his stake in the company, two people familiar with the matter said.

Zhao has been trying to sell at least some of his stake since last summer, one of the people said.

https://www.theinformation.com/articles/binance-us-explores-ways-to-cut-founder-changpeng-zhaos-majority-stake

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Warren Buffett’s stock portfolio is now worth $347 billion.

86% of it is invested in these 8 companies:

Apple
Bank of America
Chevron
Coca-Cola
American Express
Occidental Petroleum
Kraft Heinz
Moody's

Buffett is now sitting on a $130 billion cash pile.

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Interest Rates on Deposits, by Bank:

1. Wells Fargo: 0.15%
2. Citibank: 0.05%
3. Chase: 0.01%
4. Bank of America: 0.01%
5. US Bank: 0.01%

Rates on Alternatives to Bank Deposits:

1. CDs: 5.0%
2. Money Market: 4.5%
3. Treasury Bonds: 3.0%

This is the real reason why a record $1 trillion has left banks over the last year.

The era of "free" money for large US banks is coming to an end.

They must raise interest paid on deposits or capital will continue to leave.

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Total tech layoffs in 2023 officially cross 190,000, already surpassing the 2022 total of 165,000.

January marked the most tech layoffs in a month since 2001, impacting 89,500 employees.

Total tech layoffs since 2022 are now at 355,000 employees from 1,700 companies.

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INVESTORS IN BERKSHIRE HATHWAY ARE TRYING TO REMOVE WARREN BUFFET FROM HIS BOARD CHAIRMAN POSITION DUE TO HIS TIES TO BILL GATES $BRK.

BERKSHIRE HATHWAY HAS ITS ANNUAL INVESTOR MEETING TOMORROW

THE GROUP CITES BUFFETT’S LONGSTANDING FINANCIAL SUPPORT FOR THE BILL AND MELINDA GATES FOUNDATION PER BBG

IT ALSO POINTS TO BILL GATES’S ASSOCIATION WITH JEFFREY EPSTEIN

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MORGAN STANLEY IS PLANNING TO LAYOFF 3,000 + EMPLOYEES.

MORGAN STANLEY LAID OFF OVER 1500 EMPLOYEES JUST IN DECEMBER.

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