Black Thursday

BYD founder and CEO Wang Chuanfu, Charlie Munger, and Warren Buffett celebrate at a car launch. REUTERS/Jason Lee Warren Buffett's Berkshire Hathaway has scored a 30-fold gain on its BYD investment.It spent $232 million in 2008 for a stake worth $7.4 billion today.Here's the story of Berkshire's bet on the…

A Democratic president just entered the White House, so it’s time for Republican state officials to start discussing secession once again. After Barack Obama’s reelection in 2012, disaffected conservatives flooded the White House petition site with calls to leave the Union. (They were predictably denied.) Now a smattering of state…

Workers hang the flags on the West Front facade in preparation for President-elect Joe Bidens inauguration Bill Clark/Getty Images The stock market has shrugged off turmoil in DC and investors are focused on Joe Biden's plans for the economy. Bond yields are around their highest in a year, as traders…

The Covid pandemic will change the world permanently in many ways. Most obviously, people will increasingly work from home. Workplaces will not disappear, but an increasing share of work will be done at home. This will save employers office space and ancillary facilities. It will save employees money, time, and…

On Sunday, The New York Times published a piece profiling a handful of recent college grads, all outfitted with varying forms of geology or engineering degrees and struggling to find a foothold in the natural gas industry. With color-matched portraits of the hopeful oil executives set alongside glamor shots of…

World The United Kingdom government imposed nearly three months of lockdown from late March. (File photo: AFP/Adrian Dennis) 22 Dec 2020 04:18PM(Updated: 22 Dec 2020 04:20PM) LONDON: Britain's economic recovery from its COVID-19 crash was a bit quicker than previously thought in the July to September period, according to official data…

Synopsis“The RBI’s dollar buying to prevent the rupee from appreciating has driven liquidity to a large excess,” said Arvind Chari, head of fixed income and alternatives at Quantum Advisors Pvt. ETAutoGovernor Shaktikanta Das has pledged to stay accommodative well into 2021 as he tries to dig the economy out of…

Life seems to have come full circle for Sandeep Saxena, and that too in seven months. On December 1, the 28-year-old will join a Bengaluru-based food tech venture as a data analyst in its Gurgaon office. The last seven months have not been easy. He lost his job in May…

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There’s gratitude for you. You halve corporate taxes and slash regulations indiscriminately, and Wall Street thanks you by going haywire less than a week before you’re up for reelection.“Stock market drop a blow to Trump’s election messaging” blares today’s lead story, by Jeff Stein, in The Washington Post. “The Stock…