Kyodo News / Getty Global stocks plummeted on Friday as investors weighed in on tensions between the United States and China that worsened at an exponential rate. On Friday, China ordered the closure of a US consulate in its Chengdu city in retaliation for a request to close its own …
Read More »Goldman Sachs, Malaysia reach settlement agreement on 1MDB scandal, sources say
US investment bank Goldman Sachs has reached a $ 3.9 billion settlement with the Malaysian government over the multi-million dollar 1MDB scandal, both sides said on Friday. The deal includes a $ 2.5 billion cash payment by Goldman and a bank guarantee to return at least $ 1.4 billion in …
Read More »Dem’s major donors once hated Warren. Now they hardly think about it
Senator Elizabeth Warren (D-MA) spent most of the Democratic primary repeating (and even happily promoting) monetary interest attacks on everything from her wealth tax details to her broader view of financial restrictions on the country. Now, some cash flow alarm sirens have been silenced in the Massachusetts Democrat. “It is …
Read More »Stock futures remain stable after strong settlement on Thursday
Brendan McDermid | Reuters US stock futures fell on Friday morning after big drops in top tech names pushed top averages lower during regular trading. Dow Jones Industrial Average futures fell 200 points. Futures also pointed to declines in the opening of the S&P 500 and Nasdaq 100. Tensions between …
Read More »Warren Buffett increases Bank of America’s stake by more than $ 800 million
Warren buffett Gerry Miller | CNBC Warren Buffett added this week to his already massive stake in Bank of America at a time when the coronavirus pandemic still clouds the economic outlook for the United States and the world. A presentation by the Securities and Exchange Commission showed that Buffett’s …
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