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U.S. fiscal deficits have consequences, warns Warren Buffett in annual letter

WarrenworseWarren Buffett on Saturday slammed the U.S.s huge and entrenched fiscal deficits have consequences.In his annual letter to Berkshire Hathaway shareholders

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Chicago’s ShoppingGives gets served a seed round from Serena Williams’ VC firm, Serena Ventures

ShoppingGives, a Chicago-based startup pitching retailers a service that can integrate non-profit donations into their sales and shopping platforms, has raised an undisclosed amount from Serena Willia

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Two dead, 14 injured in New York state shooting

Two people died and around 14 others were wounded after a shooting at a backyard party in the early hours of Saturday morning in Rochester, in the northern part of the

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Lawmakers argue that big tech stands to benefit from the pandemic and must be regulated

In his opening statements, the chairman of Wednesday’s historic tech hearing argued that regulating tech’s most dominant players is vital in the midst of the ongoing pandemic that has driv

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Twitter stock slides after-hours amid scramble to contain high-profile account hacks

Twitter’s stock slid as much as 4% in after-hours trading as the company tried to swat down hackers that had taken over the accounts of multiple high-profile users.Accounts belonging to Barack O

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Billionaire Musk's net worth zooms past Warren Buffett's

SpaceX founder and chief engineer Elon Musk speaks at a post-launch news conference to discuss the SpaceX Crew Dragon astronaut capsule in-flight abort test at the Kennedy Space Center in Cape Ca

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China’s BYD nabs $113M to produce IGBTs, the ‘CPU of electric cars’

BYD Co., the Chinese auto giant backed by Warren Buffett, is rushing to make China self-sufficient in the production of electric vehicles. On Monday, the firm said in a filing it has secured 800 milli

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Jackie Chan and celebs support HK national security legislation

Jackie Chan and 2,604 Hong Kong celebrities have co-signed a statement to support China's national security legislation for Hong Kong.The signatories include veteran entertainers such as Chan, Ala

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Democratic Senators flag Uber’s possible Grubhub deal over antitrust concerns

In a new letter to the U.S. Federal Trade Commission and the Department of Justice, a group of Democrats in the Senate urge regulators to “closely monitor the negotiations” between Uber an

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Buffett's company posts nearly 50-bln-USD loss in Q1 amid COVID-19

Warren Buffett's Berkshire Hathaway Inc. on Saturday reported a net loss of nearly 50 billion U.S. dollars in the first quarter amid the COVID-19 pandemic. The net los

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Powerful House committee demands Jeff Bezos testify after ‘misleading’ statements

Amazon is in hot water with a powerful congressional committee interested in the company’s potentially anticompetitive business practices.In a bipartisan letter sent Friday to Jeff Bezos, the H

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U.S. House Speaker Pelosi endorses Democratic presidential candidate Biden

U.S. House Speaker Nancy Pelosi on Monday endorsed former Vice President Joe Biden as the Democratic Party's presumptive presidential nominee. In a video released on M

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Warren endorses Biden for U.S. president

U.S. Senator and former Democratic presidential contender Elizabeth Warren said on Wednesday that she's endorsing former U.S. Vice President Joe Biden for the White Ho

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U.S. FDA approves coronavirus test with 45 minutes detection time

The U.S. Food and Drug Administration has approved the first rapid coronavirus diagnostic test, with a detection time of about 45 minutes, as the United States struggles to meet the demand for cor

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Trump campaign, RNC raise over 86 mln USD in February

U.S. President Donald Trump's reelection campaign and the Republican National Committee (RNC) raised over 86 million U.S. dollars in February, the RNC announced on Monday. That was the biggest month

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Biden wins Democratic primary in U.S. state of South Carolina

U.S. Democratic presidential candidate Joe Biden won the party's primary in the state of South Carolina on Saturday, multiple U.S. media projected, as the results were still coming in. With less tha

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Sanders takes lead in Democratic caucuses in Nevada, U.S.

Caucusgoers in the U.S. state of Nevada gathered in their respective precincts Saturday casting vote for the Democratic presidential candidates they support, with Verm