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...

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. "It…
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…
NRA president Oliver North just resigned in a dramatic fashion as rumors of in-fighting, extortion, and financial impropriety swirl around the embattled gun lobby group

NRA president Oliver North just resigned in a dramatic fashion as rumors of in-fighting,...

The civil war threatening to rip apart the National Rifle Association spilled into public view today at the gun lobby group's annual meeting. Reports of a clash between NRA president Oliver North and longtime NRA CEO Wayne LaPierre have been brewing for some time, with The New York Times reporting that a group of "insurgents"…
One quote from Warren Buffett is the perfect advice for investing in the age of Uber and Netflix

One quote from Warren Buffett is the perfect advice for investing in the age...

Warren Buffett. Mark Wilson/Getty Images While Berkshire Hathaway is holding the 2019 edition of its annual meeting on Saturday, one piece of advice from Berkshire CEO and market sage Warren Buffett from the 2000 meeting is a great adage for current investors. While Buffett has been a wellspring of investing insights, one of the most…
Muslim workers at Amazon say they were scared to pray, fast, and take bathroom breaks for fear of being fired

Muslim workers at Amazon say they were scared to pray, fast, and take bathroom...

Three Amazon workers have filed a federal complaint against the retail giant, alleging that they faced racial and religious discrimination while working at warehouses in Minnesota. The three women, of Muslim Somali descent, said they feared taking time off to pray, fast, or take bathroom breaks in case they were fired, according to a letter…
1 dead, 3 injured after California synagogue shooting that the local mayor is calling a ‘hate crime’

1 dead, 3 injured after California synagogue shooting that the local mayor is calling...

One person is dead, three are injured, and a 19-year-old male suspect is in custody after a shooting at a synagogue in Poway, California, on Saturday that authorities said was a "hate crime." Police responded to the Chabad of Poway synagogue on Saturday for reports of a man with a gun. Mayor Steve Voss of…
Billionaire real estate investor Sam Zell says now is ‘the time to accumulate capital’ for future real estate buys as a glut approaches

Billionaire real estate investor Sam Zell says now is ‘the time to accumulate capital’...

Billionaire real estate investor Sam Zell is building up his pool of cash, planning to put it to use in a couple years. Compared to four or five years ago, prices for real estate have become "less speculative," but are still too high for Zell's taste, the founder of Equity International told attendees of the…
AmEx is making a play for millennials with 6% back on Netflix and Hulu on its most popular cash-back card

AmEx is making a play for millennials with 6% back on Netflix and Hulu...

Business Insider may receive a commission from The Points Guy Affiliate Network if you apply for a credit card, but our reporting and recommendations are always independent and objective. American Express announced big changes to one of its most successful cash-back cards. Starting May 9, the Blue Cash Preferred Card will add two new bonus…
Giant companies like Uber and Lyft are getting into the scooter business, but Lime’s CEO is welcoming the new competition with open arms

Giant companies like Uber and Lyft are getting into the scooter business, but Lime’s...

Americans make 1.1 billion trips every day. A huge chunk of those are less than 2 miles. Toby Sun, the cofounder and CEO of Lime, wants to change how those trips are taken. To his credit, the company has already made an impressive dent despite its relative adolescence. In April, Lime announced that more than…
Hackers stole $40 million of bitcoin from one of the world’s largest crypto-exchanges

Hackers stole $40 million of bitcoin from one of the world’s largest crypto-exchanges

YouTube One of the world's largest cryptocurrency exchanges says hackers stole $40 million worth of bitcoin. The Taiwan-based exchange, Binance, discovered the security breach Tuesday and said it would cover all losses from its funds. Watch Bitcoin trade live. Binance, one of the world's largest cryptocurrency exchanges, has announced a hack of $40 million worth…

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