'Took me right out of my seat' — Warren Buffett was inspired by a Martin Luther King Jr. speech to push for civil rights

2020-01-20 17:23

The famed investor's support of King marked "the first time there had been space in Warren's life for anything outside of moneymaking."

A Goldman Sachs client poll finds 87% expect Trump to win the next election

2020-01-17 13:48

The banking titan also polled clients on when they expect the next US recession, and their predictions for US stocks and Fed rate cuts.

Warren Buffett may be hoarding almost R2 trillion to reassure investors if he gets sick

2019-12-29 14:38

"They've got that bazooka loaded to buy back Berkshire Hathaway stock if people panic," shareholder Bill Smead said.

The pound plummets after Boris Johnson's 'drastic' move that raises risk of Britain crashing out of the EU without a deal

2019-12-17 15:05

The pound fell over 1% against both the dollar and the euro. "This sets up another cliff-edge and could create yet more months of uncertainty," said one analyst.

Apple just got dethroned as the world's largest public company after Aramco's dizzying R28 trillion IPO

2019-12-12 12:20

Aramco is worth more than the top US energy firms combined. If it were a country, it would have the world's ninth-largest GDP, ahead of Brazil and Canada.

China's top negotiator says it reached a 'consensus' with the US in a phone call on how to resolve trade war issues

2019-11-26 13:18

The positive news coming from talks within the last week continues after China said it will bump up protection on intellectual property Sunday.

This chart shows how hard Trump's trade war is hammering global growth

2019-11-22 15:09

"Escalating conflict over tariffs ... has hit trade, is undermining business investment, and is putting jobs at risk," the OECD said. Global GDP is set to plunge to 2.9% in 2019.

Trump's trade war puts the US and China 'in the foothills of a cold war,' says Henry Kissinger

2019-11-21 13:56

"World War I broke out because a relatively minor crisis could not be mastered," the former US trade secretary said at a Bloomberg event.

China aims to reduce its dependence on America by 'decoupling' from the dollar, ANZ bank says

2019-11-18 17:42

Analysts at ANZ said that "the pace of diversification into other currencies will likely quicken going forward,” as the trade war rages on.

Tech billionaires' net worth has skyrocketed, and it looks like they'll only get richer

2019-11-17 12:12

"Tech billionaires have driven almost a third of the growth in billionaire wealth" over the past five years, a new UBS report found.


China's economy grew at the slowest pace in nearly 30 years as Trump's trade war bites

2020-01-17 15:09

The drop from 6.6% growth in 2018 reflected a raft of challenges. China's birth rate and manufacturing investment also dropped to record lows.

Gold could spike another 30% to a record high, says Bridgewater — 'There is so much boiling conflict'

2020-01-15 12:47

"When you look at the geopolitical strife, how many foreign entities really want to hold dollars?" Bridgewater co-chief Greg Jensen told the Financial Times.

The US government listed Black Panther's Wakanda as an official free-trade partner

2019-12-19 16:18

US agriculture officials added the fictional African nation and its supposed exports to test their Tariff Tracker, but neglected to remove it.

The pound is soaring after UK election exit polls show Boris Johnson's Conservative party won a big majority

2019-12-13 08:41

The pound surged as much as 2.1% against the dollar to about $1.34 after exit polls showed that the Conservatives secured a majority.

A Trump ally with links to Jeffrey Epstein, Harvey Weinstein, and Michael Jackson was just called out by an activist investor

2019-11-27 16:20

Colony Capital's CEO Tom Barrack "appears to be a magnet for famous people involved in scandal," Blackwells Capital said, calling for his replacement.

Uber stock tanks 6% after the ride-hailing firm lost its London operating licence

2019-11-25 14:00

The stock's premarket drop would wipe $3 billion (R44 billion) off the market cap.

Facebook's Libra launch was 'ridiculously stupid,' blockchain boss says

2019-11-22 09:57

"The way they rolled it out ... it was just so in your face," R3's CEO David Rutter said at a recent conference.

Deutsche Bank says robots are already replacing workers as it ramps up a plan to axe 18,000 jobs

2019-11-18 18:02

The use of AI “massively increased productivity” while robots performed "680,000 hours of manual work," a Deutsche Bank executive told Financial News.

Making your money last through the 'Silly Season'

2019-11-18 14:37

The time for spending is fast approaching and we’re giving you pointers on how to save and not be caught in the sales and festive craze

Germany just narrowly avoided recession — but a downturn 'is more likely than not' in 2020

2019-11-14 16:13

The data released on Thursday showed that growth in the third quarter was led by consumption, with household and government expenditure increasing.

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