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2025-02-24

Wonder if this will affect global economy with more banks reducing staff

DBS CEO Sees Job Cuts of 4,000 Temp Staff as AI Replaces Roles

2021-06-18

Quite surprised at their price action and that they are a growth stock

Sorry, the original content has been removed

2021-06-15

Public housing is the way to go

Sorry, the original content has been removed

2021-06-08

Big news for Brazil!

Berkshire Hathaway invests $500 million in Brazil's Nubank

Go to Tiger App to see more news

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charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DBS CEO Sees Job Cuts of 4,000 Temp Staff as AI Replaces Roles</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDBS CEO Sees Job Cuts of 4,000 Temp Staff as AI Replaces Roles\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-02-24 16:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2025-02-24/dbs-ceo-sees-job-cuts-of-4-000-temp-staff-as-ai-replaces-roles?srnd=homepage-americas><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore bank has about 8,000-9,000 contract, temp staffBank cuts will come from natural attrition over next few yearsDBS Group Holdings Ltd. plans to cut around 4,000 of its contract and temporary ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-02-24/dbs-ceo-sees-job-cuts-of-4-000-temp-staff-as-ai-replaces-roles?srnd=homepage-americas\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股"},"source_url":"https://www.bloomberg.com/news/articles/2025-02-24/dbs-ceo-sees-job-cuts-of-4-000-temp-staff-as-ai-replaces-roles?srnd=homepage-americas","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130149193","content_text":"Singapore bank has about 8,000-9,000 contract, temp staffBank cuts will come from natural attrition over next few yearsDBS Group Holdings Ltd. plans to cut around 4,000 of its contract and temporary staff workforce over the next three years as artificial intelligence increasingly takes on roles carried out by human beings.Southeast Asia’s largest lender has approximately 8,000 to 9,000 of such staff, according to Chief Executive Officer Piyush Gupta, replying to a query from Bloomberg News. He confirmed a Press Trust of India news agency report which said the bank will trim its workforce following further adoption of AI across its business.Permanent staff will not be affected, the outgoing CEO said. DBS, based in Singapore, has around 41,000 staff and Tan Su Shan, currently deputy CEO, will succeed Gupta on March 28.Global banks will cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers, said a Bloomberg Intelligence report last month. Chief information and technology officers surveyed for BI indicated that on average they expect a net 3% of their workforce to be cut, according to the report.Still, many firms have stressed that the shift will result in roles being changed by technology, rather than replaced altogether. Teresa Heitsenrether, who oversees JPMorgan Chase & Co.’s AI efforts, said in November that the bank’s adoption of generative AI was so far augmenting jobs.The reduction in workforce will come from “natural attrition” as temporary and contract roles roll off over the next few years, according to a DBS spokesperson.","news_type":1,"symbols_score_info":{"D05.SI":1.1}},"isVote":1,"tweetType":1,"viewCount":762,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166122484,"gmtCreate":1623997923948,"gmtModify":1703826125463,"author":{"id":"3581983291658109","authorId":"3581983291658109","name":"KongMing","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581983291658109","idStr":"3581983291658109"},"themes":[],"htmlText":"Quite surprised at their price action and that they are a growth stock","listText":"Quite surprised at their price action and that they are a growth stock","text":"Quite surprised at their price action and that they are a growth stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166122484","repostId":"2144742925","repostType":4,"isVote":1,"tweetType":1,"viewCount":1658,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187888595,"gmtCreate":1623749277017,"gmtModify":1704210367468,"author":{"id":"3581983291658109","authorId":"3581983291658109","name":"KongMing","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581983291658109","idStr":"3581983291658109"},"themes":[],"htmlText":"Public housing is the way to go","listText":"Public housing is the way to go","text":"Public housing is the way to go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187888595","repostId":"1174890666","repostType":4,"isVote":1,"tweetType":1,"viewCount":1913,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":180000828,"gmtCreate":1623162821864,"gmtModify":1704197459542,"author":{"id":"3581983291658109","authorId":"3581983291658109","name":"KongMing","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581983291658109","idStr":"3581983291658109"},"themes":[],"htmlText":"Big news for Brazil!","listText":"Big news for Brazil!","text":"Big news for Brazil!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180000828","repostId":"2141426170","repostType":4,"repost":{"id":"2141426170","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623156570,"share":"https://ttm.financial/m/news/2141426170?lang=en_US&edition=fundamental","pubTime":"2021-06-08 20:49","market":"us","language":"en","title":"Berkshire Hathaway invests $500 million in Brazil's Nubank","url":"https://stock-news.laohu8.com/highlight/detail?id=2141426170","media":"Reuters","summary":"June 8 (Reuters) - Warren Buffett's Berkshire Hathaway invested $500 million in Brazil's Nubank, giv","content":"<p>June 8 (Reuters) - Warren Buffett's Berkshire Hathaway invested $500 million in Brazil's Nubank, giving the fast-growing fintech a big vote of confidence as it seeks to widen its footprint across Latin America.</p><p>Nubank, best known as a credit card issuer, also said it raised an additional $250 million from a series of other investors.</p><p>The new investments give Nubank a $30 billion valuation, up from $25 billion at the time of its previous fundraising round, according to a source familiar with the situation. That would make the upstart bank worth just slightly less than Banco Santander Brasil SA, Brazil's No. 3 bank, which has more than 2,000 branches.</p><p>Nubank, which has 40 million clients, said in a statement it plans to use the proceeds to fund its international expansion to Mexico and Colombia, launch new products and services and hire more employees.</p><p>The arrival of such high-profile investors, who usually invest in publicly traded companies, gives a hint on how close Nubank is to a listing.</p><p>Earlier in April, Reuters reported that Nubank had initiated preparations for a U.S. stock market listing which could come as early as this year, according to sources familiar with the matter.</p><p><b>BERKSHIRE BETS IN BRAZIL</b></p><p>Nubank is Warren Buffett's second bet on a Brazilian financial startup. His Berkshire Hathaway also acquired a stake in payments company StoneCo Ltd almost three years ago, when it went public.</p><p>A highly concentrated financial market dominated by five banks, Brazil has been a hotbed for fintech growth. Online banking has reduced costs for newcomers and the central bank has created new rules to encourage competition, aiming at lower fees and interest rates for consumers.</p><p>Nubank's $750 million new funding round is part of its series G fundraising round, which totaled $1.15 billion. An initial part of the series G round was announced in January.</p><p>Other participants in the round included Sands Capital, Canada Pension Plan Investment Board, MSA Capital, Advent's Sunley House Capital and Brazilian asset managers Verde Asset Management and Absoluto Partners. (Reporting by Carolina Mandl, additional reporting by Noor Zainab Hussain in Bengaluru and Carolina Mandl in Sao Paulo; Editing by Maju Samuel, Christian Plumb and Jonathan Oatis)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Berkshire Hathaway invests $500 million in Brazil's Nubank</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBerkshire Hathaway invests $500 million in Brazil's Nubank\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-08 20:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>June 8 (Reuters) - Warren Buffett's Berkshire Hathaway invested $500 million in Brazil's Nubank, giving the fast-growing fintech a big vote of confidence as it seeks to widen its footprint across Latin America.</p><p>Nubank, best known as a credit card issuer, also said it raised an additional $250 million from a series of other investors.</p><p>The new investments give Nubank a $30 billion valuation, up from $25 billion at the time of its previous fundraising round, according to a source familiar with the situation. That would make the upstart bank worth just slightly less than Banco Santander Brasil SA, Brazil's No. 3 bank, which has more than 2,000 branches.</p><p>Nubank, which has 40 million clients, said in a statement it plans to use the proceeds to fund its international expansion to Mexico and Colombia, launch new products and services and hire more employees.</p><p>The arrival of such high-profile investors, who usually invest in publicly traded companies, gives a hint on how close Nubank is to a listing.</p><p>Earlier in April, Reuters reported that Nubank had initiated preparations for a U.S. stock market listing which could come as early as this year, according to sources familiar with the matter.</p><p><b>BERKSHIRE BETS IN BRAZIL</b></p><p>Nubank is Warren Buffett's second bet on a Brazilian financial startup. His Berkshire Hathaway also acquired a stake in payments company StoneCo Ltd almost three years ago, when it went public.</p><p>A highly concentrated financial market dominated by five banks, Brazil has been a hotbed for fintech growth. Online banking has reduced costs for newcomers and the central bank has created new rules to encourage competition, aiming at lower fees and interest rates for consumers.</p><p>Nubank's $750 million new funding round is part of its series G fundraising round, which totaled $1.15 billion. An initial part of the series G round was announced in January.</p><p>Other participants in the round included Sands Capital, Canada Pension Plan Investment Board, MSA Capital, Advent's Sunley House Capital and Brazilian asset managers Verde Asset Management and Absoluto Partners. (Reporting by Carolina Mandl, additional reporting by Noor Zainab Hussain in Bengaluru and Carolina Mandl in Sao Paulo; Editing by Maju Samuel, Christian Plumb and Jonathan Oatis)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141426170","content_text":"June 8 (Reuters) - Warren Buffett's Berkshire Hathaway invested $500 million in Brazil's Nubank, giving the fast-growing fintech a big vote of confidence as it seeks to widen its footprint across Latin America.Nubank, best known as a credit card issuer, also said it raised an additional $250 million from a series of other investors.The new investments give Nubank a $30 billion valuation, up from $25 billion at the time of its previous fundraising round, according to a source familiar with the situation. That would make the upstart bank worth just slightly less than Banco Santander Brasil SA, Brazil's No. 3 bank, which has more than 2,000 branches.Nubank, which has 40 million clients, said in a statement it plans to use the proceeds to fund its international expansion to Mexico and Colombia, launch new products and services and hire more employees.The arrival of such high-profile investors, who usually invest in publicly traded companies, gives a hint on how close Nubank is to a listing.Earlier in April, Reuters reported that Nubank had initiated preparations for a U.S. stock market listing which could come as early as this year, according to sources familiar with the matter.BERKSHIRE BETS IN BRAZILNubank is Warren Buffett's second bet on a Brazilian financial startup. His Berkshire Hathaway also acquired a stake in payments company StoneCo Ltd almost three years ago, when it went public.A highly concentrated financial market dominated by five banks, Brazil has been a hotbed for fintech growth. Online banking has reduced costs for newcomers and the central bank has created new rules to encourage competition, aiming at lower fees and interest rates for consumers.Nubank's $750 million new funding round is part of its series G fundraising round, which totaled $1.15 billion. An initial part of the series G round was announced in January.Other participants in the round included Sands Capital, Canada Pension Plan Investment Board, MSA Capital, Advent's Sunley House Capital and Brazilian asset managers Verde Asset Management and Absoluto Partners. (Reporting by Carolina Mandl, additional reporting by Noor Zainab Hussain in Bengaluru and Carolina Mandl in Sao Paulo; Editing by Maju Samuel, Christian Plumb and Jonathan Oatis)","news_type":1,"symbols_score_info":{"BRK.B":0.9,"BRK.A":0.9}},"isVote":1,"tweetType":1,"viewCount":1950,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":166122484,"gmtCreate":1623997923948,"gmtModify":1703826125463,"author":{"id":"3581983291658109","authorId":"3581983291658109","name":"KongMing","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581983291658109","idStr":"3581983291658109"},"themes":[],"htmlText":"Quite surprised at their price action and that they are a growth stock","listText":"Quite surprised at their price action and that they are a growth stock","text":"Quite surprised at their price action and that they are a growth stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166122484","repostId":"2144742925","repostType":4,"isVote":1,"tweetType":1,"viewCount":1658,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":180000828,"gmtCreate":1623162821864,"gmtModify":1704197459542,"author":{"id":"3581983291658109","authorId":"3581983291658109","name":"KongMing","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581983291658109","idStr":"3581983291658109"},"themes":[],"htmlText":"Big news for Brazil!","listText":"Big news for Brazil!","text":"Big news for Brazil!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/180000828","repostId":"2141426170","repostType":4,"repost":{"id":"2141426170","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623156570,"share":"https://ttm.financial/m/news/2141426170?lang=en_US&edition=fundamental","pubTime":"2021-06-08 20:49","market":"us","language":"en","title":"Berkshire Hathaway invests $500 million in Brazil's Nubank","url":"https://stock-news.laohu8.com/highlight/detail?id=2141426170","media":"Reuters","summary":"June 8 (Reuters) - Warren Buffett's Berkshire Hathaway invested $500 million in Brazil's Nubank, giv","content":"<p>June 8 (Reuters) - Warren Buffett's Berkshire Hathaway invested $500 million in Brazil's Nubank, giving the fast-growing fintech a big vote of confidence as it seeks to widen its footprint across Latin America.</p><p>Nubank, best known as a credit card issuer, also said it raised an additional $250 million from a series of other investors.</p><p>The new investments give Nubank a $30 billion valuation, up from $25 billion at the time of its previous fundraising round, according to a source familiar with the situation. That would make the upstart bank worth just slightly less than Banco Santander Brasil SA, Brazil's No. 3 bank, which has more than 2,000 branches.</p><p>Nubank, which has 40 million clients, said in a statement it plans to use the proceeds to fund its international expansion to Mexico and Colombia, launch new products and services and hire more employees.</p><p>The arrival of such high-profile investors, who usually invest in publicly traded companies, gives a hint on how close Nubank is to a listing.</p><p>Earlier in April, Reuters reported that Nubank had initiated preparations for a U.S. stock market listing which could come as early as this year, according to sources familiar with the matter.</p><p><b>BERKSHIRE BETS IN BRAZIL</b></p><p>Nubank is Warren Buffett's second bet on a Brazilian financial startup. His Berkshire Hathaway also acquired a stake in payments company StoneCo Ltd almost three years ago, when it went public.</p><p>A highly concentrated financial market dominated by five banks, Brazil has been a hotbed for fintech growth. Online banking has reduced costs for newcomers and the central bank has created new rules to encourage competition, aiming at lower fees and interest rates for consumers.</p><p>Nubank's $750 million new funding round is part of its series G fundraising round, which totaled $1.15 billion. An initial part of the series G round was announced in January.</p><p>Other participants in the round included Sands Capital, Canada Pension Plan Investment Board, MSA Capital, Advent's Sunley House Capital and Brazilian asset managers Verde Asset Management and Absoluto Partners. (Reporting by Carolina Mandl, additional reporting by Noor Zainab Hussain in Bengaluru and Carolina Mandl in Sao Paulo; Editing by Maju Samuel, Christian Plumb and Jonathan Oatis)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Berkshire Hathaway invests $500 million in Brazil's Nubank</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBerkshire Hathaway invests $500 million in Brazil's Nubank\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-08 20:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>June 8 (Reuters) - Warren Buffett's Berkshire Hathaway invested $500 million in Brazil's Nubank, giving the fast-growing fintech a big vote of confidence as it seeks to widen its footprint across Latin America.</p><p>Nubank, best known as a credit card issuer, also said it raised an additional $250 million from a series of other investors.</p><p>The new investments give Nubank a $30 billion valuation, up from $25 billion at the time of its previous fundraising round, according to a source familiar with the situation. That would make the upstart bank worth just slightly less than Banco Santander Brasil SA, Brazil's No. 3 bank, which has more than 2,000 branches.</p><p>Nubank, which has 40 million clients, said in a statement it plans to use the proceeds to fund its international expansion to Mexico and Colombia, launch new products and services and hire more employees.</p><p>The arrival of such high-profile investors, who usually invest in publicly traded companies, gives a hint on how close Nubank is to a listing.</p><p>Earlier in April, Reuters reported that Nubank had initiated preparations for a U.S. stock market listing which could come as early as this year, according to sources familiar with the matter.</p><p><b>BERKSHIRE BETS IN BRAZIL</b></p><p>Nubank is Warren Buffett's second bet on a Brazilian financial startup. His Berkshire Hathaway also acquired a stake in payments company StoneCo Ltd almost three years ago, when it went public.</p><p>A highly concentrated financial market dominated by five banks, Brazil has been a hotbed for fintech growth. Online banking has reduced costs for newcomers and the central bank has created new rules to encourage competition, aiming at lower fees and interest rates for consumers.</p><p>Nubank's $750 million new funding round is part of its series G fundraising round, which totaled $1.15 billion. An initial part of the series G round was announced in January.</p><p>Other participants in the round included Sands Capital, Canada Pension Plan Investment Board, MSA Capital, Advent's Sunley House Capital and Brazilian asset managers Verde Asset Management and Absoluto Partners. (Reporting by Carolina Mandl, additional reporting by Noor Zainab Hussain in Bengaluru and Carolina Mandl in Sao Paulo; Editing by Maju Samuel, Christian Plumb and Jonathan Oatis)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141426170","content_text":"June 8 (Reuters) - Warren Buffett's Berkshire Hathaway invested $500 million in Brazil's Nubank, giving the fast-growing fintech a big vote of confidence as it seeks to widen its footprint across Latin America.Nubank, best known as a credit card issuer, also said it raised an additional $250 million from a series of other investors.The new investments give Nubank a $30 billion valuation, up from $25 billion at the time of its previous fundraising round, according to a source familiar with the situation. That would make the upstart bank worth just slightly less than Banco Santander Brasil SA, Brazil's No. 3 bank, which has more than 2,000 branches.Nubank, which has 40 million clients, said in a statement it plans to use the proceeds to fund its international expansion to Mexico and Colombia, launch new products and services and hire more employees.The arrival of such high-profile investors, who usually invest in publicly traded companies, gives a hint on how close Nubank is to a listing.Earlier in April, Reuters reported that Nubank had initiated preparations for a U.S. stock market listing which could come as early as this year, according to sources familiar with the matter.BERKSHIRE BETS IN BRAZILNubank is Warren Buffett's second bet on a Brazilian financial startup. His Berkshire Hathaway also acquired a stake in payments company StoneCo Ltd almost three years ago, when it went public.A highly concentrated financial market dominated by five banks, Brazil has been a hotbed for fintech growth. Online banking has reduced costs for newcomers and the central bank has created new rules to encourage competition, aiming at lower fees and interest rates for consumers.Nubank's $750 million new funding round is part of its series G fundraising round, which totaled $1.15 billion. An initial part of the series G round was announced in January.Other participants in the round included Sands Capital, Canada Pension Plan Investment Board, MSA Capital, Advent's Sunley House Capital and Brazilian asset managers Verde Asset Management and Absoluto Partners. (Reporting by Carolina Mandl, additional reporting by Noor Zainab Hussain in Bengaluru and Carolina Mandl in Sao Paulo; Editing by Maju Samuel, Christian Plumb and Jonathan Oatis)","news_type":1,"symbols_score_info":{"BRK.B":0.9,"BRK.A":0.9}},"isVote":1,"tweetType":1,"viewCount":1950,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187888595,"gmtCreate":1623749277017,"gmtModify":1704210367468,"author":{"id":"3581983291658109","authorId":"3581983291658109","name":"KongMing","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581983291658109","idStr":"3581983291658109"},"themes":[],"htmlText":"Public housing is the way to go","listText":"Public housing is the way to go","text":"Public housing is the way to go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187888595","repostId":"1174890666","repostType":4,"isVote":1,"tweetType":1,"viewCount":1913,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":407023531864424,"gmtCreate":1740388689421,"gmtModify":1740388693146,"author":{"id":"3581983291658109","authorId":"3581983291658109","name":"KongMing","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581983291658109","idStr":"3581983291658109"},"themes":[],"htmlText":"Wonder if this will affect global economy with more banks reducing staff","listText":"Wonder if this will affect global economy with more banks reducing staff","text":"Wonder if this will affect global economy with more banks reducing staff","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/407023531864424","repostId":"1130149193","repostType":2,"isVote":1,"tweetType":1,"viewCount":762,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}