Billionaire Warren Buffett Tells Citigroup CEO Jane Fraser to Continue Overhaul: Report
Citigroup CEO Jane Fraser has received an encouraging nod from billionaire investor Warren Buffett to proceed with the bank's overhaul.
Investors
Hong Kong Cracks Down Fake Crypto Exchange Using Elon Musk Deepfakes to Trick Investors
The public has been cautioned by the Hong Kong Securities and Futures Commission (SFC) about Quantum AI, an organization that is suspected of carrying out fraudulent activities involving virtual assets and pretending to be Elon Musk.
Elon Musk's xAI Nears $18 Billion Valuation Following Major Funding Round Amid Rising Investor Interest
Elon Musk's xAI Corporation is approaching the end of a major investment round, with investors valuing the business at $18 billion...
FTX Bankruptcy: Refunds Expected for Most Customers, Excludes Crypto Gains
The plan, pending court approval, details that almost all customers will be reimbursed the funds they are owed, with some receiving amounts exceeding their original claims...
JPMorgan Chase Australia Fined Over $500,000 for Allowing Suspicious Client Orders on Wheat Futures Trading
The JPMorgan Chase in Australia has been fined A$775,000 ($509,252) for permitting suspicious client orders on wheat futures trading...
UMG Denies Involvement in Drake vs. Kendrick Lamar Beef as CEO Faces Shareholders’ Ire
Universal Music Group has denied allegations that it has intervened in...
Amgen Challenges Novo Nordisk, Eli Lilly in Weight Loss Drug Market as Investors Flock for Next Obesity Drug Payout
Amgen witnessed an impressive 12% surge in its shares on Friday, marki...
Latest News
JPMorgan Chase CEO Jamie Dimon Says He's Done Talking About Bitcoin After Trashing It One Last Time
JPMorgan Chase CEO Jamie Dimon said Wednesday on the sidelines of the annual World Economic Forum in Davos, Switzerland, that he's done talking about bitcoin.
Warren Buffett-Led Firm Berkshire Hathaway Buys Remaining 20% Stake in Pilot Travel From Haslam Family
The Warren Buffett-led conglomerate Berkshire Hathaway announced on Tuesday that it is buying the remaining 20% stake in the Pilot truck stop business of the Haslam family.
Goldman Sachs, Morgan Stanley 4Q Profits Still Beat Expectations
Goldman Sachs and Morgan Stanley have both posted fourth-quarter earnings results that beat analysts' expectations.
IMF Warns AI Could Disrupt 40% of Global Jobs, Worsen Inequality Ahead of Davos Economic Forum
The International Monetary Fund (IMF) has warned that almost 40% of global jobs could be impacted by the growing influence of artificial intelligence (AI).
World's Richest Billionaires Like Elon Musk and Jeff Bezos Doubled Fortunes as Poorest Get Poorer, Oxfam Says as Davos Opens
The combined wealth of the world's richest five men has more than doubled since 2020, while some five billion people have been made poorer, according to anti-poverty group Oxfam.
JPMorgan Chase Rises Above Rivals, Makes More Annual Profit Than Any US Bank Ever
JPMorgan Chase has concluded the year 2023 with the largest annual profit in the history of US banking.
Microsoft Surpasses Apple as World’s Most Valuable Public Company
Microsoft has emerged as the most valuable publicly traded company, outpacing Apple.
Walmart Unveils Plans to Use AI, Drones to Improve Customers' Shopping Experiences
Walmart has revealed its ambitious foray into artificial intelligence (AI) and drone technology to improve its customers' shopping experience.
Joe Biden to Replace Trump-Era Rule That Makes It Easier for Companies to Classify Workers as Independent Contractors
The administration of President Joe Biden is set to release new guidelines that will provide additional protections to gig workers or independent contractors.
