Financial services
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News
Bank of America’s Q1 profits fall 18% on higher expenses, charge-offs
NEW YORK — Bank of America said its first-quarter profits fell 18%, as the bank dealt with rising expenses due…
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Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire’s successes
OMAHA, Neb. — Warren Buffett credited his longtime partner — the late Charlie Munger — with being the architect of…
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Charlie Munger, Warren Buffet’s sidekick at Berkshire Hathaway, dies at 99
OMAHA, Neb. — Charlie Munger, who helped Warren Buffett build Berkshire Hathaway into an investment powerhouse, has died at a…
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Buffett’s firm reports $12.8B loss as investments fall, its insurers performed well
OMAHA, Neb. — Warren Buffett’s company has reported a nearly $13 billion loss in the third quarter as the paper…
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Federal Reserve officials: Bond yields spike may allow central bank to leave rates
WASHINGTON — Two Federal Reserve officials suggested Monday that the central bank may leave interest rates unchanged at its next…
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Sam Bankman-Fried must now convince a jury that the former crypto king wasn’t a crook
NEW YORK — For a while, Sam Bankman-Fried tried to convince politicians and the public that he was the next…
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Wildfire-prone California to consider new rules for property insurance pricing
SACRAMENTO, Calif. — California will let insurance companies consider climate change when setting their prices, the state’s chief regulator announced…
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UK inflation in surprise fall in August, though BOE still set to raise rates
LONDON — U.K. inflation has fallen unexpectedly to its lowest level since Russia invaded Ukraine, raising hopes that the Bank…
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Russia’s currency hits the lowest level since the early weeks of the war in Ukraine
LONDON — The Russian ruble has reached its lowest value since the early weeks of the war in Ukraine as…
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China’s loans pushing world’s poorest countries to brink of collapse
A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars…
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