Getty Images Warren Buffett advised Airbnb CEO Brian Chesky to “slowly get rich” years ago. Chesky expedited the process on Wednesday by filing a lawsuit to take his home rental business public, even though it still exists against the coronavirus pandemic. The Airbnb boss cut costs, raised $ 2 billion …
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What’s happening: The company announced Wednesday that it had filed confidential paperwork with the U.S. Securities and Exchange Commission for an initial public offering. This means that Airbnb will soon start finding investors after a time when their income is under pressure. The field: Airbnb was founded in 2008, shaking …
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REUTERS / Rebecca Cook Warren Buffett’s Berkshire Hathaway has Apple shares and cash worth 52% of its total market capitalization. The billionaire investor company had $ 113 billion in Apple stock and $ 147 billion in cash at the last count, representing more than half of its $ 499 billion …
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Are we at the beginning of the fast-paced V-shaped economic recovery? Not so fast, Jim Cramer told his Mad Money viewers on Wednesday. There are certainly signs of strength in the stock market, Cramer said, but he remained skeptical that a V-shaped recovery is possible until the financial sector shows …
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Federal Reserve staff told central bank officials in late July that they would lower their estimate for economic growth in the second half of the year, according to minutes released by the Federal Open Market Committee on Wednesday. Fed staff always present their own forecasts at the Central Bank’s eight …
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