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PayPal’s slowdown began to improve in April as stay-at-home orders tick up e-commerce usage
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The US Treasury reopens its 20-year bond to help fund $3 trillion in 2nd-quarter borrowing
The US Treasury Department will auction a 20-year bond in May for the first time since 1986, according to a Wednesday press release. The department is reopening the bond and increasing sizes of other issuances as it plans to borrow $3 trillion in the second quarter...
Bill Ackman turned $27 million into $2.6 billion as the coronavirus ravaged markets. Here are 12 of his most insightful quotes.
Pershing Square Capital Management founder Bill Ackman was known for colorful statements well before his notorious March 18 CNBC interview. The billionaire investor is among the few to win out through the tumultuous first quarter, turning a $27 million bet on credit...
Halfway into earnings season, company profits head for their worst fall since 2009
With 55% of S&P 500 companies reporting earnings so far, company profits are headed for their worst fall since 2009. For the first quarter of 2020 to May 1, the blended earnings decline for the S&P 500 is 13.7%, according to FactSet. "If -13.7% is the actual...
These 5 factors are fueling a massive transformation in banking
This is a preview of recent Banking research from Business Insider Intelligence. Business Insider Intelligence offers even more banking and finance coverage with Banking Pro. Subscribe today to receive industry-changing banking news and analysis to your inbox....
Warren Buffett’s Berkshire Hathaway sold more than $6 billion in stock in April, its first-quarter earnings show
Warren Buffett's Berkshire Hathaway netted more than $6 billion from stock sales in April, its first-quarter earnings showed. The billionaire investor's company was widely expected to deploy a chunk of its $128 billion cash pile last quarter, but instead its reserves...
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How to Plan for The Future No Matter How Old You Are
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