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Financial News Around the World

Investors piled cash into money market mutual funds in 2023 and now could see a higher tax bill

If you funneled cash into money market mutual funds in 2023 amid rising interest rates, you may have a surprise tax bill in April, experts say.

Published 1 December 2023
Categorised as Finance News

Charlie Munger lived in the same home for 70 years: Rich people who build ‘really fancy houses’ become ‘less happy’

Billionaire Charlie Munger intentionally lived in the same California home for seven decades — making him “happier” and benefitting his children, he said.

Published 1 December 2023
Categorised as Finance News

Stocks making the biggest moves midday: Tesla, Disney, Alibaba, Ulta Beauty and more

These are the stocks posting the largest moves in midday trading.

Published 1 December 2023
Categorised as Finance News

Fed Chair Powell calls talk of cutting rates ‘premature’ and says more hikes could happen

Federal Reserve Chairman Jerome Powell on Friday pushed back on market expectations for aggressive interest rate cuts ahead.

Published 1 December 2023
Categorised as Finance News

Watch Federal Reserve Chair Jerome Powell speak live in Atlanta on policy

Federal Reserve Chairman Jerome Powell speaks Friday to an audience at Spelman College in Atlanta.

Published 1 December 2023
Categorised as Finance News

Stocks making the biggest moves premarket: Pfizer, Disney, Tesla, Alibaba and more

These are the stocks posting the largest moves in premarket trading.

Published 1 December 2023
Categorised as Finance News

Tennessee was an ‘early adopter’ of financial literacy in public high schools, advocate says

Tennessee was one of the first states to require a half-semester personal finance course for high school graduation.

Published 1 December 2023
Categorised as Finance News

Robinhood CEO defends payment for order flow, says practice is ‘here to stay’

That’s despite calls from notable consumer trading advocates and regulators for a ban on the practice.

Published 1 December 2023
Categorised as Finance News

Charlie Munger said Berkshire would be worth double if he and Buffett used this common practice

“Berkshire could easily be worth twice what it is now… All we had to do is just use a little more leverage that was easily available,” Munger said.

Published 1 December 2023
Categorised as Finance News

Munger and Buffett were unable to pull off one last deal together using Berkshire’s $157 billion in cash

Munger, who died Tuesday at age 99, said an elephant-sized deal may have to be done by the next generation of leaders at the conglomerate.

Published 1 December 2023
Categorised as Finance News

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