Starting a startup: Patience v hustle

If you follow online entrepreneurs, I am sure you’ve seen posts like "everyday I’m hustling". I believe the pressure and praise of the hustle will be a reason many people will burn out from startups. This week I met up with another woman who has small children and a growing online business. We had a […]

Investment bank Jefferies: Meet the new disrupter in financial markets

Eight months after giant US investment bank Jefferies opened its cheque book to mount an audacious staff raid on broker CLSA, the firm has this month fully opened its doors. Its mission: To be a disrupter to Australia's arguably already overpopulated investment banking and broking industry. Under the stewardship of ex-CLSA executives – investment bank […]

Millions of Chinese Firms Face Collapse If Banks Don’t Act Fast

Brigita, a director at one of China’s largest car dealers, is running out of options. Her firm’s 100 outlets have been closed for about a month because of the coronavirus, cash reserves are dwindling and banks are reluctant to extend deadlines on billions of yuan in debt coming due over the next few months. There […]

UBS Chairman Weber Says Coronavirus Effects Are Underestimated

UBS Group AG Chairman Axel Weber said markets are underpricing the risk that the coronavirus poses to the global economy. “There is going to be quite a bit of impact that is going to go beyond the first quarter and that is where fiscal response, providing businesses with some tax relievers, some emergency funding, that […]

Fed Hopeful on Virus Impact Amid Worry It’s Unprepared for Worst

Federal Reserve policy makers sound cautiously confident they’ve got interest rates about right as they assess the fallout from the spreading coronavirus. What worries them though is their ability to rescue the U.S. economy should things go horribly wrong. In various venues this week, policy makers from Vice Chairman Richard Clarida on down talked up […]

Buffett Spends Record $2.2 Billion Buying Up Berkshire Shares

Warren Buffett kicked his stock-buyback program into high gear, spending $2.2 billion on repurchases in the last three months of 2019, the most ever in a single quarter. Buffett’s Berkshire Hathaway Inc. loosened its buyback policy almost two years ago after being stymied on the dealmaking front. Since then, Berkshire has taken a cautious approach […]

Buffett Spends Record $2.2 Billion Buying Up Berkshire Shares

In this article Warren Buffett kicked his stock-buyback program into high gear, spending $2.2 billion on repurchases in the last three months of 2019, the most ever in a single quarter. Buffett’s Berkshire Hathaway Inc. loosened its buyback policy almost two years ago after being stymied on the dealmaking front. Since then, Berkshire has taken […]

Flows Into Inverse ETFs Show Demand for Coronavirus Hedges

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Xi Pledges Easier Monetary Policy for Economy Pummeled by Virus

China’s top leaders said they will exercise more flexibility in monetary and fiscal policy, signaling a greater focus on reviving an economy pummeled by the virus outbreak. Fiscal policy will be more proactive, while construction projects will be accelerated, according to a statement issued after a Politburo meeting chaired by President Xi Jinping on Feb. […]