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A new bid led by Chinese insurance giant Anbang Insurance Group wants to bust up a merger to create the world’s largest hotel company.
Goldman Sachs is buying a startup that’s out to ‘revolutionise the retirement industry,’ and Bank of America just handed a big promotion to one of the most senior women on Wall Street.
Hedge fund billionaire Louis Bacon claims his Bahamas neighbour secretly plotted to have him murdered.
The National Archives did a document dump on Friday, releasing transcripts, meeting agendas, and confidentiality agreements from the Financial Crisis Inquiry Commission. Here are some of the highlights:
- Warren Buffett on the Wall Street pay problem, and how to solve it.
- Warren Buffett on why a good business is one “your idiot nephew” could run.
- Steve Eisman from “The Big Short” on clueless CEOs, financial gobbledygook and stupidity.
- Gregg Lippmann and Ben Hockett, also of “The Big Short” fame, on the financial crisis.
- Joe Cassano, the former CEO of AIG Financial Products, on AIG’s controversial collateral dispute with Goldman Sachs.
Here are the top Wall Street headlines at midday:
More wretched news in the world’s 7th-largest economy – Brazil is in free fall.
The biggest force powering the stock market is starting to disappear, and it could be a huge problem – Since the beginning of the post-crisis bull-market run, the biggest buyer of equities hasn’t been retail investors or institutions but companies themselves.
The financial crisis scarred an entire generation of investors – The last recession cut deep.
Billionaire investor Ray Dalio explains the process he uses to find ideal employees – If you take a job at Bridgewater Associates, you’re agreeing to abide by founder Ray Dalio’s “Principles,” a manual of 210 musings on management and character.
The real life Gordon Gekko is supporting Bernie Sanders because of a basic economic principle – Asher Edelman, an investor who was one of the inspirations for the nefarious corporate raider Gordon Gekko in the movie “Wall Street,” made a surprise presidential endorsement.
15 expensive steakhouses that are actually worth the price – Carnivores: listen up.
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