Latest Market News

Apr 30
‘Jay Powell is a hero’ for response to pandemic, Warren Buffett says

Warren Buffett hasn’t changed his tune on Federal Reserve Chairman Jerome Powell despite a surge in inflation. Buffett, the chairman and CEO of Berkshire Hathaway Inc. BRK.A, -2.94% BRK.B, -2.55%, two years ago told shareholders that Powell belonged “on the pedestal” with former Fed chief Paul Volcker, for his quick response to the danger to […]

Apr 30
‘Jerome Powell is a hero’ for response to pandemic, Warren Buffett says

Warren Buffett hasn’t changed his tune on Federal Reserve Chairman Jerome Powell. Buffett, the chairman and CEO of Berkshire Hathaway Inc. BRK.A, -2.94% BRK.B, -2.55%, two years ago told shareholders that Powell belonged “on the pedestal” with former Fed chief Paul Volcker, for his quick response to the danger to the economy and financial system […]

Apr 30
‘Just say no’ to bitcoin, says Berkshire Hathaway’s Charlie Munger

Berkshire Hathaway vice chairman Charlie Munger had some advice for a young attendee at Berkshire’s annual meeting on Saturday. “When you have your own retirement account, and your friendly adviser suggests you blow money into bitcoin, just say no,” said Munger. Fidelity Investments announced April 26 that it will allow investors to add a bitcoin […]

Apr 30
Berkshire Hathaway ‘will always have a lot of cash’: Warren Buffett

Berkshire Hathaway Inc. BRK.A, -2.94% BRK.B, -2.55% went on a roughly $40 billion securities buying spree between Feb. 21 and March 15, but has since reverted back to its more “lethargic” pace, Chairman and CEO Warren Buffett told shareholders at the conglomerate’s annual meeting Saturday. Buffett went on to note that Berkshire still ended the […]

Apr 30
Belgian financial regulator FSMA to regulate crypto exchange services

Crypto service providers must fulfill seven conditions that include being constituted in the form of a company with a minimum capital of roughly $52,725 (EUR 50,000). 2199 Total views 28 Total shares A new rule imposed by Belgium’s financial regulatory agency, the Financial Services and Markets Authority (FSMA), will now require crypto exchanges and custodial […]

Apr 30
Victoria’s Secret and Pink to sell on Amazon

Beauty products from Victoria’s Secret & Co. VSCO, -4.79%, including the namesake brand and the Pink brand, began selling on the Amazon.com Inc. AMZN, -14.05% site on Friday. Customers can shop the more than 120 items. “Through customer feedback and research, we’ve heard consumers want to purchase VS Beauty in Amazon’s store and already search […]