Category: Uncategorized

Buffett knocks Elon Musk’s plan for Tesla to sell insurance: ‘It’s not an easy business’

OMAHA, Neb. — Warren Buffett said Elon Musk’s Tesla will probably struggle as it ventures into the insurance business, a field in which Berkshire Hathaway thrives in. “It’s not an easy business,” Buffett told shareholders at the Berkshire Hathaway annual meeting. “The success of the auto companies getting into the insurance business is probably as…
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Where the Good Jobs Are

You dropped out of college, or decided straight out of high school that college was not your thing. Here’s some advice if you are looking for a job: Stay out of Washington. Don’t go to New York. Forget about San Francisco. If you want to make anything near a decent wage, head for Toledo, Des…
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Stocks making the biggest moves midday: Apple, CVS Health, Clorox & more

These are companies making headlines midday Wednesday, May 1st 2019: Apple — Apple gained 4.9% after the release of its fiscal second-quarter results. Apple reported earnings of per share of $2.46, 10 cents above a Refinitiv estimate. Revenue also topped expectations. Apple raised its revenue guidance for the next quarter to between $52.5 and $54.5…
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The First Step in Starting a Global Business and Investment

Maybe almost everyone dreamed of becoming a big and successful businessman. But did you know that only a small percentage really reached that dream? The reason you hear most often is simple, namely pioneering and managing your own business is not as easy as imagined. Apart from having to have a strong mentality, there are…
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4 Things You Must Learn Before Investing.

People today tend to be wasteful in using their money while in fact, there are so many things that can be done to maximize the use of the money they have. One of the things that is best used as the allocation of money is investment. Although it’s sometimes sounds like ‘intimidating’ because it is…
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Citigroup has created a new, less risky way of investing in crypto — and it may be a game changer for the industry

Citigroup may have cracked the cryptocurrency code. The New York-based bank has come up with the most direct way to invest in cryptocurrency without actually having it, according to people who know the plan. This structure will place the cryptocurrency in the existing regulatory regime and give large Wall Street investors such as asset managers…
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Goldman Sachs is ditching near-term plans to open a bitcoin trading desk, instead focusing on a key business for driving Wall Street investment in crypto

Even Goldman Sachs, a giant Wall Street that trades the most esoteric assets of the market, cannot find a way to trade bitcoin. The bank has ditched plans to open a table for cryptocurrency trading in the future, according to people familiar with the matter, because the regulatory framework for crypto is still unclear. As…
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Why the first pioneered of oil ETF not holding his breath for a bitcoin ?

U The bitcoin world was dealt a big blow when regulators rejected nine exchange-traded funds tied to bitcoin futures on Wednesday. These include two products from ProShares, two from GraniteShares, and five other proposals from Direxion.Markets Insider It means the world is still waiting for its first fully regulated bitcoin ETF product. The funds would…
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Wall Street Regulators are stepping up enforcement actions against cryptocurre

Two US financial regulators are used for clients who have been involved with cryptocurrency, in the first attempt to regulate a growing industry. In the first case, the SEC took action against crypto hedge funds, alleging that California’s Crypto Asset Management LP management funds misrepresented itself as “the country’s first crypto fund of regulated assets”…
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BAML survey : Investors raise cash buffers as gloom gathers over global economy

LONDON Investors cut equity exposure this month as they grew more wary that economic growth may slow, but kept a long-standing preference for mega-cap tech stocks, Bank of America Merrill Lynch’s monthly survey indicated on Tuesday. BAML’s September survey found investors’ outlook on economic growth had worsened significantly, driving them to increase cash holdings. A…
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