Bank of America wants to talk to its customers who make guns

Bank of America wants to talk to its customers who make guns

Survivors and parents spar with Rubio, the NRA Bank of America wants to talk to gun makers about assault weapons. After an AR-15-style rifle was used to murder 17 people at a Florida high school last week, the company said in a statement Saturday that it will “examine what we can do to help end → Read More

Warren Buffett beat the hedge funds. Here's how

Warren Buffett beat the hedge funds. Here's how

Buffett, Bezos & Dimon try to tackle health care One decade ago, Warren Buffett took a $1 million wager that stashing money in an index fund would make you richer than if you entrusted it with hedge fund managers. He won — big time — and in his annual letter on Saturday, the billionaire Chairman → Read More

NBC's $12 billion investment in the Olympics is looking riskier

NBC's $12 billion investment in the Olympics is looking riskier

Experiencing the Olympics in virtual reality In 2011, NBC paid a total of $4.38 billion for the rights to the next four Olympics. Three years later it bought another six for $7.7 billion. At the time, the deals looked to many like a sure thing. Now, they have started looking like they could end up → Read More

As the Olympics end, South Korea asks: Was the cost worth it?

As the Olympics end, South Korea asks: Was the cost worth it?

Brazil’s Olympic legacy? An abandoned Maracana Over 100 events, nearly 3,000 athletes, more than 300 medals — and a check for $13 billion. That’s the cost of holding the 2018 Winter Olympics in Pyeongchang, South Korea. The hefty price Olympic host countries pay have prompted some experts to ask whether it’s worth the financial burden. Read More

Warren Buffett's annual letter: Berkshire got a $29 billion gift from new tax code

Warren Buffett's annual letter: Berkshire got a $29 billion gift from new tax code

Buffett, Bezos & Dimon try to tackle health care Investing legend Warren Buffett published his annual letter on Saturday, and it came with some of the usual trimmings: sage advice and reflections on the past year’s success. Buffett told investors that Berkshire Hathaway (BRKB)made a $65.3 billion net gain in 2017 — but “only $36 → Read More

A cloud hangs over the gun industry

A cloud hangs over the gun industry

Will NRA-backed Trump actually hurt the gun industry? Stocks in gun companies have been dragged lower by a cloud of negativity after last week’s mass shooting at a Florida high school, which continues to dominate public debate. Shares of American Outdoor Brands (AOBC), the company formerly known as Smith & Wesson, have dropped 8% since → Read More

Warren Buffett is retiring from Kraft Heinz board

Warren Buffett is retiring from Kraft Heinz board

Buffett, Bezos & Dimon try to tackle health care Warren Buffett is retiring from the board of directors of Kraft Heinz, a subsidiary of his company Berkshire Hathaway. “Mr. Buffett decided to retire from the board as he decreases his travel commitments,” Kraft Heinz said in a press release on Friday. Read More

The real mastermind behind Peter Thiel's battle with Gawker

The real mastermind behind Peter Thiel's battle with Gawker

Hulk Hogan vs. Gawker: A timeline A new book about billionaire Peter Thiel’s war against Gawker includes an explosive revelation about the real mastermind behind Bollea v. Gawker, the lawsuit that bankrupted the influential media company founded by Nick Denton. Ryan Holiday reports in “Conspiracy: Peter Thiel, Hulk Hogan, Gawker, and the Anatomy of Intrigue” → Read More

Major Chinese auto exec takes stake in Daimler

Major Chinese auto exec takes stake in Daimler

The 20-foot-long 2-seat Mercedes convertible The chairman of a Chinese automaker has taken a 10% stake in German automaker Daimler AG. (DMLRY) In a filing in Germany late Friday, it was disclosed that Li Shufu, the chairman of Chinese automaker Geely, had bought 103.6 million shares of Daimler stock, worth $9 billion. Read More

Gun safety groups want Apple TV and Amazon Fire to pull NRATV

Gun safety groups want Apple TV and Amazon Fire to pull NRATV

Will NRA-backed Trump actually hurt the gun industry? Two gun safety groups want Apple, Amazon, Google and Roku to remove the NRA’s online video channel from their streaming platforms. In letters on Friday, Moms Demand Action for Gun Sense and Everytown for Gun Safety called on the companies to cut ties with NRATV because it → Read More

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