Michael Bloomberg, (right) founder of Bloomberg LP, and Lloyd Blankfein, Chairman and CEO of Goldman Sachs Group, at the 10,000 Small Business Partnership (1OKSB) event in London on December 14, 2016. Chris Ratcliffe | Bloomberg | Getty Images Mixed feelings about excessive wealth At the same time, most Americans have a love-hate relationship with obscene …
44% of Americans think they can achieve billionaire status Read More »
Hong Kong-listed BYD shares fell on Wednesday after Warren Buffett’s Berkshire Hathaway cut its stake in the Chinese electric car maker — and one fund manager said that could be a warning sign of more to come. The giant group slightly reduced its shares from 20.04% to 19.92%, according to a filing on the Hong …
Shares of Chinese electric car maker BYD plunge after Warren Buffett cut its stake Read More »
Stocks took another bearish turn after US Federal Reserve Chairman Jerome Powell made clear last week that rate hikes will continue – even if they cause more pain in the future. The S&P 500 and Dow Jones industrials are both down more than 3% for the month, while the Nasdaq Composite is down about 4% …
What Wall Street strategists are watching for the risks of stocks and the economy Read More »