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China confronts its Lehman moment

China’s leaders are often praised for their steady management of the economy. But it is increasingly clear that they are haunted by the specter of a Lehman-style financial collapse. On Thursday, we learned from a flurry of reports (including in the Wall Street Journal, Financial Times and Bloomberg) that the China Banking Regulatory Commission has More...

by kradzcalypse | Published 1 day ago
By kradzcalypse On Friday, June 23rd, 2017
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Big Company CFOs Call Trump’s Management Style ‘Volatile,’ ‘Terrible’ and ‘Clueless’

What the President of the United States does can have lasting effects on multinational companies. That’s why chief financial officers watch the White House and Capitol Hill so closely. And what they see in the More...

By kradzcalypse On Friday, June 16th, 2017
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Here’s Who Helped Amazon Clinch Blockbuster Whole Foods Deal

A decision by Goldman Sachs last year to move an investment banking veteran to Seattle, as well as Evercore Partners Inc’s hiring of a top banker defending companies against activist investors, has paid off More...

By kradzcalypse On Saturday, June 3rd, 2017
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Inside Odyssey: The Decline of a College Media Empire

On Feb. 1, Rebecca was working from home waiting for a conference call to start when she was kicked out of her email. This wasn’t a tech issue. She knew exactly what was going on. The atmosphere at work, always More...

By kradzcalypse On Thursday, June 1st, 2017
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Uber’s $708 Million Loss Was Actually Good by Uber Standards

Uber Technologies said it narrowed its quarterly loss in the first three months of this year when it made its first-quarter earnings public Wednesday. The ride-hailing company said it lost $708 million in the More...

By kradzcalypse On Tuesday, May 23rd, 2017
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State Street Takes On Wall Street’s Gender Gap

When the Fearless Girl statue appeared in lower Manhattan in March, it was, for a while, almost impossible to escape her. Here was a little girl, about four feet tall, staring down the massive bronze Charging More...

By kradzcalypse On Friday, May 19th, 2017
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Basquiat Painting Sells for $110 Million, Becoming the Most Expensive Work by an American Artist

On Thursday, a Jean-Michel Basquiat painting became the first piece of art created after 1980 to be auctioned off at over $100 million. Sold by Sotheby’s in New York for $110.5 million, CNNMoney reports that More...

By kradzcalypse On Tuesday, May 16th, 2017
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Warren Buffett’s Berkshire Hathaway Sold Stock Before Fox Fired Bill O’Reilly

Warren Buffett has recently defended several of the controversial stocks he owns, including Wells Fargo and United Airlines. But there’s one scandal-ridden company he is no longer standing by: Fox. Buffett’s More...

By kradzcalypse On Sunday, May 7th, 2017
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Warren Buffett Says Berkshire Hathaway Stock May Start Paying Dividends

Though Warren Buffett has long championed dividend stocks as part of his investment philosophy, when it comes to his own company, Berkshire Hathaway (brk.a), the investor has been loath to pay dividends. Buffett’s More...

By kradzcalypse On Saturday, May 6th, 2017
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Warren Buffett’s Stocks Made $16 Billion Since the Last Berkshire Hathaway Meeting

When Warren Buffett last hosted his Berkshire Hathaway annual meeting, the legendary investor had to face up to the fact that most of his stock picks had fallen over the previous year. Now, as the Oracle of Omaha More...

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