Finance
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‘They don’t get to summer in the Hamptons? Who cares?’: CEO says US should let companies owned by billionaires get ‘wiped out’ during the coronavirus crisis
Chamath Palihapitiya, the CEO of the investment company Social Capital, told CNBC the US should refuse to bail out companies owned by...
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Boeing is scrambling to decide whether to take government bailout aid or go its own way to save cash, which could include mass layoffs (BA)
Business Insider Boeing is still deciding whether to apply for up to $17 billion in loans from the federal government, part of...
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435Are medical expenses tax deductible? Generally yes, under 2 conditions
Some medical expenses are tax deductible, including payments related to “the diagnosis, cure, mitigation, treatment, or prevention of disease,” according to the...
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‘There was definitely a lot of anxiety’: Citi’s summer interns relieved as the bank offers them full-time jobs amid coronavirus uncertainty
Citi is guaranteeing its summer interns in New York, London, Hong Kong, Singapore, and Tokyo full-time offers before their shortened five-week program...
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417Leaked letter: The ‘Black Swan’ fund that raked in a 4,000% return last quarter warns a bigger crash is coming
Reuters/China Photos The “Black Swan” hedge fund that raked in a 4,144% return last quarter warned its clients this week of a...
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467Warren Buffett’s Berkshire Hathaway sold $30 million worth of BNY Mellon stock this week
Dimitrios Kambouris/Getty Images Warren Buffett’s Berkshire Hathaway sold about $30 million worth of Bank of New York Mellon stock this week. The...
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421Credit Suisse says now’s the time to sell Zoom following its coronavirus-driven 135% spike (ZM)
Reuters/Carlo Allegri Zoom has gained 135% through March 23 as the coronavirus pandemic brought millions of users to its platform. On Monday,...
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Meet Bill Ackman, the controversial hedge-fund manager who made $2.6 billion off the coronavirus market crash in March
William Ackman, 53, was born and raised in a wealthy suburb outside of New York City. Bill Ackman. Reuters/ Allen Fredrickson Ackman...
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385Oil tumbles, erasing earlier gains, as Saudi Arabia and Russia’s production-cut agreement disappoints investors
REUTERS/ Vivek Prakash Saudi Arabia, Russia, and key OPEC allies agreed on Thursday to slash crude oil production, a move that’s expected...
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11 tax deductions you won’t want to forget about this year
Tax deductions like medical expenses, mortgage interest, and, in some cases, college tuition can help reduce your overall tax bill. Note that...