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  • Dec 03, 2024

Warren Buffett Used To Gift Loved Ones $10,000 Cash For Christmas But Switched To Stocks With A Note: 'Cash Them In Or Hold Onto Them'

Everyone knows Warren Buffett is famous for being frugal. This is the billionaire who still lives in the same house he bought in Omaha in 1958 for $31,500 and is perfectly content eating McDonald's breakfast most mornings. But what's it like to be on the receiving end of his gift-giving? Turns out, it's a mix of practical, surprising and downright hilarious. Don't Miss: Can you guess how many Americans successfully retire with $1,000,000 saved? The percentage may shock you. Inspired by Uber and

  • Dec 03, 2024

Fed’s Musalem Says Time to Pause Rate Cuts May Be Near

(Bloomberg) -- Federal Reserve Bank of St. Louis President Alberto Musalem said it may be appropriate to pause interest-rate cuts as soon as this month, emphasizing incoming data will guide his decision. Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsMusalem indicated Wednesday that he wants to keep all options open ahead of the Fed’s next meeting on Dec. 17-18. The St. Louis Fed chief said he’d

  • Dec 03, 2024

China Tech Stocks Left Behind in Traders’ Hunt for AI Winners

(Bloomberg) -- China’s major technology stocks have been left behind in this year’s global frenzy over artificial intelligence, and a lack of demand for actual AI usage coupled with geopolitical pressures make it unlikely they can cash in anytime soon.Most Read from BloombergKansas City Looks Back on its Long, Costly Ride With MicrotransitNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bi

  • Dec 03, 2024

Poland to Hold Rates Unchanged as Inflation Dip Seen Temporary

(Bloomberg) -- Poland extended its pause on interest rates to more than a year as policymakers look past a recent decline in inflation and weakening economic growth for a clear outlook to emerge.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThe Monetary Policy Council kept its benchmark at 5.75% on Wednesday, in line with the forecasts of all 31 economists surveyed by Bloomberg. While headline i

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