Warren Buffett proposed $3 billion Uber investment that fell through, reports say

Talks over a $3 billion investment from Warren Buffett in Uber Technologies Inc. fell apart earlier this year over terms and the deal size, according to news reports Wednesday. In the proposal, Buffett’s Berkshire Hathaway Inc. BRK.A, +2.10% BRK.B, +2.23%  would have provided a convertible loan that would have given the famed investor significant exposure … Read more

Stock Market Update for Wednesday, May 30th, 2018

Stocks woke up this morning and said Italy WHO?! After yesterday’s slide, the major indices bounced right back. The situation in Italy hasn’t changed much, but traders didn’t seem to care. The rally wasn’t just in the U.S. either. Stocks were higher in Europe and Italian shares were also higher, ending a 5-day slide. — TRENDING … Read more

More people are saving $1 million in their 401(k)s. Here’s how you can too

Saving $1 million for retirement may sound like an impossible task that not many people have achieved. But about 157,000 people have saved at least $1 million in their 401(k)s with Fidelity, according to the company. Another 148,000 had saved that much in an IRA. Of those, 2,400 people had saved $1 million in both … Read more

Traders With Pockets Full of Crypto Quit Wall Street

Whether cryptocurrencies and the technology that powers them will reshape the financial system remains to be seen. What’s not in doubt is their ability to transform the career paths of bright young minds on Wall Street. Adrian Xinli Zhang was climbing the ranks at Deutsche Bank AG in New York when he discovered Bitcoin. The … Read more

Average ICO Investor Makes 82 Percent Profit: Boston College Report

Much has been made about the prevalence of scams within the initial coin offering (ICO) industry. However, a new report published by researchers at the Boston College Carroll School of Management suggests that the average ICO investor is still raking in a significant profit. The 54-page report, titled “Digital Tulips? Returns to Investors in Initial … Read more