Warren Buffett says Wells Fargo ‘incentivized the wrong behavior,’ and Charlie Munger says he wishes Tim Sloan was still CEO

Warren Buffett says Wells Fargo ‘incentivized the wrong behavior,’ and Charlie Munger says he...

Yahoo Finance The mind trust behind Berkshire Hathaway, Wells Fargo's biggest shareholder, on Saturday weighed in on the embattled bank's string of scandals and the bank's former chief executive Tim Sloan. Berkshire CEO Warren Buffett and vice chairman Charlie Munger responded to a question from the audience at their conglomerate's annual shareholder meeting in Omaha, Nebraska.…
JPMorgan just promoted 117 people in its corporate and investment banking unit to managing director — and we got the full list

JPMorgan just promoted 117 people in its corporate and investment banking unit to managing...

JPMorgan's corporate and investment bank, the world's largest, just promoted its latest class of managing directors, and the group of 117 includes a record share of women, according to a person with knowledge of the list. A full 26% of the class was women, or 30 executives, the person said. Interestingly, that's the same percentage…
Inside the Chicago hedge fund turf war between billionaire Ken Griffin and Dmitry Balyasny

Inside the Chicago hedge fund turf war between billionaire Ken Griffin and Dmitry Balyasny

The headquarters of Ken Griffin's Citadel and Dmitry Balyasny's eponymous hedge fund are separated by one mile, the Chicago River, and plenty of bad blood. All hedge funds are rivals in some sense, fighting one another for talent, data, and alpha — though Balyasny and Citadel appear to be in different leagues, given their asset…
Here’s why companies like Google, Square, and Atlassian are sprinting to use Kotlin, the fastest-growing programming language according to GitHub

Here’s why companies like Google, Square, and Atlassian are sprinting to use Kotlin, the...

When Square software engineer Valeriy Ovechkin started on the team for Square's restaurant app Caviar, the app was completely written in Java. Java is one of the most widely used programming languages in the world, originally created by the Oracle-acquired company Sun Microsystems. It's commonly used to write databases and Android apps. But Java, which…
Morgan Stanley’s recession dashboard is flashing a signal it’s never shown before — and the firm has put together a game plan to avoid the losses to come

Morgan Stanley’s recession dashboard is flashing a signal it’s never shown before — and...

Too much of a good thing can be bad. This applies to Morgan Stanley's US cycle indicator, a composite gauge that helps the firm's strategists understand the sequence of financial conditions and what it means for various asset classes. It's made up of 10 diverse components including the unemployment rate, the two-year/10-year yield curve, mergers…
‘I will nuke you’: Elon Musk was accused of shoving and threatening a former Tesla employee — but the company’s board says there was no physical altercation

‘I will nuke you’: Elon Musk was accused of shoving and threatening a former...

Tesla CEO Elon Musk was involved in an altercation with a former employee who had recently resigned, Bloomberg News reported Friday, citing sources with "direct knowledge" of the incident. According to the report, an employee had returned to the electric-car company's office in September post-resignation to say goodbye to former coworkers when word reached Musk…
Disney finally revealed the details of its long-awaited streaming platform, Disney Plus

Disney finally revealed the details of its long-awaited streaming platform, Disney Plus

Disney finally revealed the details of its long-awaited streaming platform. Titled Disney+, the service will have just about every Disney movie and TV show, including The Lion King, Snow White, and Mary Poppins. It will also have all the shows and movies from Disney's Marvel, Star Wars, and Pixar properties, along with original shows for…
Homeland Security Secretary Kirstjen Nielsen is out — here are all the casualties of the Trump administration so far

Homeland Security Secretary Kirstjen Nielsen is out — here are all the casualties of the...

Nikki Haley, the US Ambassador to the United Nations and former governor of South Carolina, announced her resignation on Oct. 9th. After Axios first reported the news, President Donald Trump announced to reporters in the Oval Office that Haley would resign at the end of 2018. While the reason for her resignation was unclear, Trump…
IBM scored a key cloud deal that gives it more credibility in a market that CEO Ginni Rometty believes will be worth $1 trillion

IBM scored a key cloud deal that gives it more credibility in a market...

IBM is poised to establish a bigger footprint in a major market after signing a five-year deal with Vodafone Idea, one of India's largest telecom operators. The multi-million dollar deal could also give Big Blue a much-needed boost in an arena where it's struggling to catch up with more dominant rivals: cloud computing. IBM will…
House Democrats are preparing for a fierce fight with the Justice Department over some of the most sensitive parts of the Mueller report

House Democrats are preparing for a fierce fight with the Justice Department over some...

The Reporters Committee for Freedom of the Press (RCFP) signaled its backing of congressional Democrats when it filed a request Monday asking a federal court to authorize the release of any grand-jury material "cited, quoted, or referenced" in the special counsel Robert Mueller's final report in the Russia investigation. The RCFP's petition came after Attorney…

Must Read

- Advertisement -