Mastercard was a casualty of the AI scare trade. This deal could turn it around

Mastercard was a casualty of the AI scare trade. This deal could turn it around

Mastercard is acquiring stablecoin infrastructure firm BVNK for $1.8 billion — a long-term play that could transform the one-time casualty of the so-called artificial intelligence and stablecoin disruption trades into a beneficiary of both emerging tech trends. The acquisition will enable Mastercard to process stablecoin-denominated transactions, the payments company said Tuesday in a statement. Over…

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Berkshire buybacks have returned, but narrow discount could limit impact

Berkshire buybacks have returned, but narrow discount could limit impact

Berkshire Hathaway has resumed stock buybacks after nearly two years even though its shares aren’t particularly cheap, a move that may do little to boost the sprawling conglomerate’s shares. In a recently proxy filing, Berkshire disclosed that it repurchased the equivalent of 309 Class A shares on March 4, totaling about $226 million. The transaction…

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Mariners Star Randy Arozarena Apologizes for Cal Raleigh Comments: ‘We Are Brothers’

Mariners Star Randy Arozarena Apologizes for Cal Raleigh Comments: ‘We Are Brothers’

Outfielder Randy Arozarena insists everything is cool between him and his Seattle Mariners teammate Cal Raleigh after he made expletive-laden comments about the star catcher during the World Baseball Classic. Arozarena also apologized for the remarks he made about Raleigh. “I understand that with Opening Day a few days away, I don’t want it to…

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