Warren Buffett. Getty Images / Drew Anger Pope Francis Vernon Buffett argues that free markets cannot address growing inequality. Pontiff said in a letter to the bishops of the Catholic Church over the weekend that “magical principles” such as trickle-down economics would not solve all of society’s problems. Buffett argued …
Read More »Trump has ties to drugmaker Regeneran, and his stock is growing
Trump’s team announced Friday that the president had found a drug called REGN-COV2, which is used to relieve symptoms and reduce viral load. Shares of Regeneron jumped 7% in midday trading on Monday, bringing the stock’s year-to-date gain to more than 60%. “Lane and President Trump have been familiar with …
Read More »Next week ahead: Trump’s diagnosis adds to the toxic cocktail of uncertainty
It is a tragedy that investors hate uncertainty. But this year has been unusually chaotic even before the leader of the world’s largest economy and his wife gave a positive test for Covid-19. Diagnosis is a new psychological blow to recovery that was already losing steam. Lack of certainty can …
Read More »Trump accused Buffett of making “massive” tax cuts in 2016. The future president paid only 50,750 in federal income tax that year.
President Donald Trump and Warren Buffett. Scott Olson / Getty Images; CBS News President Donald Trump claimed in 2016 that Warren Buffett used past business losses to reduce his federal income tax bill. Billionaire investors responded that they have paid federal income tax every year since 1944 and have contributed …
Read More »Japan’s Tokyo Stock Exchange is suffering from its worst disaster ever
The exchange said Thursday that the problem concerns the distribution of market information, though it is not elaborate. The issue also affects smaller Japanese stock exchanges in Nagoya, Fukuoka and Sapporo, which share a similar trading system to the TSE. De Lalang Hut is a significant nuisance to the stock …
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