File photo: European Central Bank President Lagarde addresses the European Parliament in Strasbourg Reuters European Central Bank President Christine Lagarde said Monday that the ECB is “very serious” about the design of the digital euro. At the virtual IMF event, Lagarde said the epidemic has caused a number of structural …
Read More »Bank of England asks banks in the UK how much they are prepared for a negative interest rate
General view of the Bank of England on September 27, 2020 in London, England. Peter Summer / Getty Images Bank of England has written to British banks asking for information on how much they are prepared for the monetary policy of adopting negative interest rates. “We are making a definite …
Read More »Dillard shares rise 46% after Warren Buffett’s deputy announces 6% stake
Yahoo Finance / YouTube Send Dillard’s stock as high as 46% on Monday with a vote of confidence from one of Warren Buffett’s lieutenants. Buffett’s Berkshire Hathaway investment manager, Ted Weschler, announced a 6% stake in the illness department-store chain Friday. Wechler’s 1.08 million shares rose to 66 million on …
Read More »When the 2008 financial crisis erupted, Vernon Buffett called Treasury Secretary Hank Paul Paul Lawson with a provocative idea. It could save the US economy
U.S. Treasury Secretary Henry Paulson (L) shares a laugh with Berkshire Hathaway Chairman and CEO Financier Warren Buffett at the March 13, 2007 conference on U.S. Capital Market Competitiveness in Washington. Reuters / Jim Young Warren Buffett called Treasury Secretary Hank Poulson at the height of the 2008 financial crisis, …
Read More »Apple’s 5G iPhone will need more than 5G
Apple Inc. AAPL 1.74% There is a master in upsell, but 5G will probably present the company with its biggest challenge. The tech giant has scheduled an event on October 13, when the iPhone lineup is expected to be unveiled this year. Notably, the company has said nothing about its …
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