Warren Buffett has taken an unexpected stake in four major U.S. airlines. According to regulatory filings, his holding company Berkshire Hathaway (BRK.A, BRK.B) invested $1.2 billion in American Airlines (NASDAQ:AAL), Delta (NYSE:DAL), United Continental (NYSE:UAL) […]
The filing of patent applications for blockchain technology has accelerated in recent months, mostly by big banks, including Bank of America and Goldman Sachs. Financial institutions are likely to first use blockchain internally to cut […]
Adena Friedman will become CEO of Nasdaq on Jan. 1, while CEO Robert Greifeld will ascend to chairman. Friedman, who has worked for Nasdaq for more than 20 years, will be the first woman to […]
Retail sales topped expectations in October off of broad strength across key categories. On a year-over-year comparison, retail sales were up 4.3% during the month as hiring and wage growth clearly overshadowed election fatigue. Building […]
Singapore’s central bank and the fintech startup R3 group are putting together a test to see whether blockchain technology can be used to process interbank payments. The effort is also looking into using blockchain for […]
Oil rose around 6% yesterday, its best one day performance since April, on renewed hopes of an OPEC deal to cut production. But prices are now dipping lower after the IEA left its supply and […]
Mary Jo White, head of the Securities and Exchange Commission, plans to leave two years early to let President-elect Donald Trump to name a leader. Trump has appointed industry veteran Paul Atkins to head the […]
Sundar Pichai (GOOG, GOOGL) and Margrethe Vestager, the agency’s competition commissioner, will meet on Friday. Guenther Oettinger, the European Commissioner for Digital Economy and Society, will also be in attendance. Pichai had formerly met with both earlier in […]
Musement, a “digital travel companion” that lets travellers discover and book things to do, has closed $10 million in Series B funding. The round was led by family fund Micheli Associati, with participation from previous […]
Quantopian Inc. is a five-year-old online platform where coders build and run computerized trading programs. The Boston-based firm plans to use the money to enhance its platform, adding portfolio optimization tools and providing more data for […]
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