Charles Munger, who quit a well-established law career to be Warren Buffett‘s partner and maxim-spouting alter-ego as they transformed a foundering New England textile company into the spectacularly successful investment firm Berkshire Hathaway, died Tuesday in Santa Barbara, California. He was 99. His death, at a hospital, was announced by Berkshire Hathaway. He had a…
© Reuters. An official holds a bag with the euro logo during a eurozone finance ministers meeting in Brussels, Belgium May 22, 2017. REUTERS/Francois Lenoir By Lefteris Papadimas ATHENS (Reuters) – Greece will next month repay ahead of schedule 5.3 billion euros ($5.8 billion) of loans owed to euro zone countries under its first bailout,…
What started out as a chance encounter at Davos a few years back turned out to be the start of a highly profitable venture for Paul Hudson, CEO of Sanofi. The French drugmaker struck a partnership with McLaren Racing in April 2022 with the aim of running Sanofi’s manufacturing lines using the same speed, precision,…
A KMT supporter waves a giant Taiwan’s national flag outside of Central Election Commission on November 24, 2023 in Taipei, Taiwan. Annabelle Chih | Getty Images News | Getty Images Taiwan’s main opposition parties have filed individual bids to unseat the ruling Democratic Progressive Party as the billionaire founder of Apple supplier Foxconn dropped out…
Notwithstanding the minor dip seen in the smallcap index last week, technical indicators suggest buying momentum will continue as the selling was just routine profit booking, says Sudeep Shah of SBI Securities.. “Technically, Nifty Midcap and Nifty Smallcap are in a strong uptrend as they are marking the sequence of higher tops and higher bottoms….
BlackRock meets with SEC over ETF, Binance’s new era begins and SBF loses release bid: Hodler’s Digest, Nov. 19-25 Binance and its co-founder, Changpeng CZ Zhao, have reached a settlement over criminal and civil cases with the United States Department of Justice. CZ will plead guilty to one felony charge as part of the negotiated…
Organized labor ranks among Elon Musk’s least favorite things, right up alongside Wall Street short sellers and the mainstream media. The world’s wealthiest man built Tesla into the industry’s dominant automaker despite what he believes has been fierce opposition from all three. Yet it is his steadfast refusal to play ball with trade unions that…
Coal plays a huge role in global electricity generation, but has a significant impact on the environment. Boy_anupong | Moment | Getty Images From Pennsylvania to the north of England, coal mines helped to power the Industrial Revolution, turbocharging the economic growth of countries around the world. Today, however, the production and use of coal…
Feroze Azeez, Dy CEO, Anand Rathi Wealth, says “smallcap stocks are the bottom 250 stocks of NSE 500 as per SEBI’s definition for a mutual fund investor. Putting 250 companies in one judgment itself is fundamentally incorrect. The smallest stock in the smallcap index is a Rs 3,200-crore market cap company and the largest one…
© Reuters. SHANGHAI/SINGAPORE (Reuters) – Fidelity International has garnered 5 billion yuan ($700 million) from investors for its first fixed income mutual fund in China, deepening the asset manager’s involvement in the $3.8 trillion mutual fund market. Its China Managing Director Helen Huang told Reuters in an interview Fidelity is lobbying Chinese regulators to relax…
