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Buffett upbeat on U.S. and Berkshire, buys back stock as COVID hits

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Om

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Beware bankers talking TikTok

The next few weeks is going to be a critical time for ByteDance-owned TikTok. The company is weeks away from a ban signed by President Trump, and while the company is expected to sue the U.S. federal

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Shell to write down as much as $22 billion in wake of coronavirus

Royal Dutch Shell on Tuesday said it will write 22 billion U.S. dollars off the value of its assets after sharply lowering its oil and gas price outlook in the wake of the coronavirus pandemic.The

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Gap records nearly $1 bln in losses on coronavirus-led store closures

A Gap logo seen in Shanghai, China, May 7, 2020. /VCG Gap Inc on Thursday reported a quarterly loss of nearly one billion U.S. dollars as the apparel retailer was forced to close its stores du

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Wall Street suffers a steep sell-off amid COVID-19

The New York Stock Exchange. /VCG Wall Street witnessed a broad market sell-off on Friday amid the coronavirus pandemic.The Dow Jones Industrial Average shed 622.03 points, or 2.55 percent, to

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SoftBank to write down WeWork by $6.6 billion

The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. /Reuters SoftBank Group Corp said it sees a loss of around 700 billion yen (6.6 b