Billionaire investor Charlie Munger: ‘The world is not driven by greed, it’s driven by envy’
The 98-year-old billionaire says he’s ‘conquered envy.’ In the past, he’s said that’s a secret to a long and happy life.
Financial News
Crypto.com CEO has history of red flags including bankruptcy and quick exits
Before Crypto.com, Kris Marszalek left behind a trail of personal bankruptcy, offshore payments, and a corporate collapse that separated users from their funds.
Brits told to rethink Christmas plans with strikes set to hit flights and train travel
The government has urged the public to rethink their travel plans if they are on an affected service.
Russia’s Ukraine onslaught shows zero signs of a winter lull as conflict rages
Russia and Ukraine are sending out smoke signals that there is no time — and no desire — for a cessation of hostilities.
Activist investor calls for BlackRock CEO Fink to step down over ESG ‘hypocrisy’
BlackRock CEO Larry Fink is facing calls to step down from activist investor Bluebell Capital over the company’s alleged “hypocrisy” in its ESG messaging.
Morgan Stanley cut about 2% of global staff on Tuesday, sources say
Morgan Stanley is following rival Goldman Sachs in reinstating a Wall Street ritual that had been put on hold during the pandemic: the annual cull.
Tim Draper predicts bitcoin will reach $250,000 next year despite FTX collapse: ‘The dam is about to break’
Venture capitalist Tim Draper thinks bitcoin will hit $250,000 a coin by the middle of 2023.
OPEC+ agrees to stick to its existing policy of reducing oil production ahead of Russia sanctions
Oil prices have fallen to roughly $87 a barrel from more than $120 in early June ahead of potentially disruptive sanctions on Russian oil
European Union officials set Russian oil price cap at $60 a barrel
The European Union on Friday agreed to cap Russian oil prices at $60 a barrel, after several days of intense negotiations over an appropriate level.
OPEC+ to consider deeper oil output cuts ahead of Russia sanctions and proposed price cap
OPEC+, a group of 23 oil-producing nations led by Saudi Arabia and Russia, will convene on Sunday to decide on the next phase of production policy.