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‘No one ever makes a billion dollars. You take a billion dollars’: Alexandria Ocasio-Cortez slams billionaires for exploiting workers
"You sat on a couch while thousands of people were paid modern-day slave wages," the freshman lawmaker argued.
A billionaire investor dubbed ‘the next Warren Buffett’ tore into WeWork in a private letter to clients
Baupost Group's Seth Klarman blasted WeWork cofounder Adam Neumann's $1.7 billion golden parachute as the "epitome of capitalist excess."
"We simply don't know what the impact or even the potential impact could be. We only have SARS in 2003 to base assumptions on."
Goldman noted that "a large portion of positioning has still not moved into equity" from traditionally safer assets including bonds and cash.
‘Haters gonna hate & deniers will deny’: Alexandria Ocasio-Cortez defends Greta Thunberg after Steven Mnuchin dissed the activist
"If you don't have an economics degree like Greta, they'll mock you for not having one. If you DO have one, as I do, they'll claim it's illegitimate."
The outbreak is hammering tourism, retail, and airline stocks, while healthcare stocks are rallying. Markets are set to close for the Chinese New Year holiday.
Greta Thunberg isn’t qualified to lecture the US on climate change, Treasury Secretary Steven Mnuchin says
"Is she the chief economist or who is she? I'm confused," Mnuchin joked about the Swedish teenager's call for America to quit fossil fuels.
Trump’s defiance of Congress on EU auto tariffs is ‘just plain illegal,’ economist Paul Krugman says
The president isn't "a dictator free to set tariffs wherever he likes without even offering an explanation," the Nobel Prize-winning economist argued.
A hedge-fund billionaire who invests like Warren Buffett is hoarding cash and warning the bull market won’t last
"The rocket fuel that has propelled markets in 2019 will run out," Seth Klarman, whose nickname is the "Oracle of Boston," told his investors.
When asked if he views the US stock market as overvalued, Dimon claimed the bull market's resilience is supported by the US's steady economic growth.