Finance
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529A billionaire investor dubbed ‘the next Warren Buffett’ took $300 million stakes in Google and Facebook last quarter
Getty Images/ Scott Olson Hedge-fund billionaire Seth Klarman, widely seen as “the next Warren Buffett,” bought into Google and Facebook in the...
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British investors have flocked to DIY platforms with the coronavirus shaking global markets, but financial advisers warn of big risks
Global stock markets have been turbulent during the coronavirus pandemic. Multiple UK platforms that cater to inexperienced investors have reported a surge...
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WeWork’s revenue growth rate was cut in half in Q1, as the company burned through nearly $500 million in ‘free cash outflow’
WeWork’s revenue totaled $1.1 billion last quarter, the office-space sharing company announced in an email to staff on Thursday. The revenue growth...
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‘Time to reinvent yourself, Warren’: Buffett won’t find bargains with the Fed shoring up prices, investor says
Warren Buffett’s bargain-hunting isn’t viable in the current downturn, investor David Merkel argued in two posts on The Aleph Blog this week....
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Airbnb-backed Zeus Living slashes almost half of its remaining staff less than two months after a round of layoffs
Airbnb-backed corporate housing startup Zeus Living is laying off 73 employees, or almost half of its remaining employees, company CEO Kulveer Taggar...
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What is a credit union? An alternative to traditional banks that typically offers better interest rates and lower fees
While credit unions offer many of the same services as banks, they are member-owned, not-for-profit organizations, whereas banks are typically corporate-owned and...
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383Morgan Stanley fined $5 million by the SEC over trading fees
Reuters Morgan Stanley will pay a $5 million fine to the Securities and Exchange Commission over allegedly misleading some customers and charging...
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20 books billionaire Warren Buffett thinks everyone should read
Warren Buffett, the CEO of Berkshire Hathaway, loves to read. When he began his investing career, he would read 600 to 1,000...
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‘We’re all fintech firms now’: The head of $180 billion CTBC Bank’s US operations explains why it is weighing a bigger digital budget to hire from tech giants like Amazon
Business Insider The financial services industry is poised for a permanent upheaval as a result of the coronavirus pandemic, according to CTBC...
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571Billionaire investor Howard Marks quoted Warren Buffett to stress the impossibility of predicting the coronavirus pandemic
Screengrab via Bloomberg Billionaire investor Howard Marks quoted Warren Buffett in his latest memo to underscore the impossibility of forecasting how the...