 | | | | Warren Buffett on Saturday likened the millions of inexperienced day traders who entered the stock market in the past year to gamblers, and said commission-free brokerages such as Robinhood Financial for promoted a casino-like atmosphere. | | | | | | Warren Buffett's Berkshire Hathaway Inc (BRKa.N) will hold its annual meeting on May 1 in Los Angeles. As in 2020, the meeting will be held virtually because of the COVID-19 pandemic. | | | | | | Activist investors have been outperforming their peers and the broader market this year by pushing for board-room changes rather than dramatic business overhauls, breakups or mergers, according to performance data and industry sources. | | | | | | The U.S. Consumer Financial Protection Bureau (CFPB) said on Tuesday it was taking immediate action to understand and resolve how "hundreds of thousands" of mortgage borrowers' bank accounts were debited for duplicate payments after a mortgage servicer announced the error on Monday. | | | | | | In announcing a $50-billion share buyback on Tuesday, Google-owner Alphabet Inc (GOOGL.O) confirmed a paradoxical dynamic: its core advertising business is so profitable, and so dominant, that it has few options for usefully deploying its cash. | | | | | | What's a fair price when you are selling something to yourself? On Wall Street, that's not a trick question. | | | | | | Goldman Sachs' long-planned online migration of some lucrative prime-brokerage businesses picked up steam during the pandemic as hedge funds and investors working from home were unable to meet in person, while other Wall Street banks are taking more measured steps. | | | | | | President Joe Biden's forthcoming capital gains tax hike proposal would affect only a 0.3% slice of U.S. taxpayers, a top economic aide said on Monday. | | | | | | While it's still early in the earnings period, a record percentage of first-quarter profit reports from major U.S. companies are coming in above analysts' expectations. | | | | | | Mutual fund manager Friess Associates is challenging its firing by asset manager Affiliated Managers Group (AMG.N) and is asking investors to reject the proposed transfer of more than $1 billion in funds to its successors, according to a regulatory filing made on Thursday. | | | | | |
