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The daily business briefing: May 1, 2023

FDIC seizes First Republic and sells it to JPMorgan Chase, the Federal Reserve is expected to raise interest rates again this week, and more ....

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Berkshire's Munger says China right to clip Ma's wings - Netscape Money & Business

Berkshire s Munger says China right to clip Ma s wings
06/30/2021 4:10
(Reuters) -Berkshire Hathaway Inc Vice Chairman Charlie Munger praised China s move to impose a sweeping restructuring on Jack Ma’s Ant Group, the fintech giant whose record $37 billion IPO was derailed by regulators in November.
The 97-year-old told CNBC in an interview alongside Berkshire CEO and billionaire investor Warren Buffett that the United States should take a leaf out of China s book and step in preemptively to stop speculation .
I don t want the, all of the Chinese system, but I certainly would like to have the financial part of it in my own country, he said in the interview aired on Tuesday in the United States. ....

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Opening Bell: 6.30.21

Opening Bell: 6.30.21
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