Warren Buffett, widely considered the greatest investor of all time, is one of the richest people on the planet, but you wouldn’t know that based on the clothes he wears, the car he drives — or even the house he lives in. What To Know: The legendary investor is well known for living well below his means,…
The Federal Reserve’s preferred measure of inflation, the personal consumption expenditures index, grew less than economists expected in August at 2.2% year-over-year. The data comes on the heels of the Federal Reserve’s 0.5% interest rate cut issued Sept. 18, the first in more than four years. The inflation data supports another 0.5% interest rate cut…
Gates Says Microsoft Antitrust Threats Are ‘Going To Happen’ While Reflecting on 1998 Case: ‘Whichever Part of the Company I Went With Would Have Thrived’ Billionaire Bill Gates helped power Microsoft Corporation MSFT into one of the largest companies in the world during his time leading the company. Gates wouldn’t change anything today and isn’t…
Microsoft co-founder Bill Gates has high hopes for artificial intelligence, but isn’t ready to brush off concerns, either. AI For Good: Gates, an avid user of AI, believes it can help in areas like health and education. “The near-term issues are more using it in a positive way, in areas like health and education. Even…
Electric vehicle stocks finished the week ended Sept. 20 on a mixed note despite the positive performance by the broader market. Tesla, Inc. TSLA rose to its highest level since late July amid some positive catalysts. Here’s a rundown on what happened in the EV space during the week: Tesla China, Europe Sales: China weekly…
While Vice President Kamala Harris surges ahead in polls against her Republican rival Donald Trump, she hasn’t found much traction in the business and investing world. Hedge fund manager John Paulson, the founder of New York-based investment firm Paulson & Co. said on Tuesday in a media appearance that he would pull his money off…
Now that the twin inflation reports are in the rearview mirror, U.S. stocks are hanging onto the slender optimism as traders look ahead to the Federal Reserve’s rate-setting meeting. The numbers did little to belie expectations of a cut at next week’s meeting, although they did pour cold water on a bigger cut. The major…