Buffett Asks Big Money: Why Pay High Fees?

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Buffett Asks Big Money: Why Pay High Fees?

New York Times
Warren E. Buffett, the chairman of Berkshire Hathaway, in 2015. This year, his annual letter to Berkshire shareholders contained a harsh assessment of the hedge fund industry.

Target shares plunge on earnings shortfall and weak outlook on sales

CNBC
Target reported sales and earnings that missed Wall Street’s expectations on Tuesday, in what was a disappointing holiday quarter for the big-box retailer.

Amit Singhal, Uber Executive Linked to Old Harassment Claim, Resigns

New York Times
Amit Singhal in 2015, when he was overseeing Google’s search efforts. Google deemed a claim of sexual harassment against him “credible” in an internal investigation, according to two people familiar with the matter.

Fidelity Slashes Commissions in the Latest Salvo in the Fee Wars

Bloomberg
The new round of fee cuts includes a reduction in online trading commissions to $4.95 from $7.95 for individual investors. by. Suzanne Woolley.

FCC Chairman pledges to roll back net neutrality regulations during European address

TechCrunch
As Ajit Pai took the stage for a speech at Mobile World Congress in Barcelona this morning, CNBC anchor Karen Tso noted that the newly appointed FCC Chairman’s top priority has been the dismantling of net neutrality, a cause, she added, that would

Judge to hear arguments on Dakota Access oil pipeline work

Washington Post
BISMARCK, N.D. – A federal judge will hear arguments Tuesday about whether to stop the final bit of construction on the disputed Dakota Access pipeline, perhaps just days before it could start moving oil.

Bill Gates Has a High-Tech Trick for Staying Under the Radar in Public

Fortune
For a man worth an estimated $86.4 billion, 61-year-old Bill Gates has a pretty old-school method of staying under the radar when he’s in public: wearing a hat.

The technical reason why Tesla shares could soon rise 54%

CNBC
Tesla could see 54 percent of upside – about $134 from its Monday closing price – if one top technical analyst’s examination holds up.

When rivers caught fire and bald eagles were poisoned: why we need the Environmental Protection Agency

The Verge
Burning discarded automobile batteries in Texas in 1972. Photo by Marc St. Gil / US National Archives. Children play in front of a smelter pumping lead and arsenic residue in the air of Ruston, Washington; a woman holds a glass of black, undrinkable

Saudi Aramco to buy $7 billion stake in Petronas’ RAPID refinery project

Reuters
FILE PHOTO: A Saudi Aramco employee sits near the Saudi Aramco stand at the Middle East Petrotech 2016 in Manama, Bahrain, September 27, 2016.

Iran’s ‘Impressive Recovery’ Clouded by ‘Uncertainty,’ IMF Says

Bloomberg
The Iranian economy has had an “impressive recovery” following sanctions relief last year, though new uncertainty regarding the fate of the nuclear deal and relations with the U.S.

Valeant’s Declining Sales Show Turnaround Has Long Way to Go

Bloomberg
Valeant Pharmaceuticals International Inc. managed to beat analysts’ estimates for the first time in five quarters, yet a sharp decline in sales and a debt that remains at almost $30 billion show that stabilization still has a long way to go.

Gates, Buffett: Immigrants add ‘to the greatness of the country’

The Hill
Philanthropists Bill Gates and Warren Buffett touted the value immigrants bring to America in a joint interview in The Atlantic. “The quality of immigrants, the motivation of immigrants, this is what has contributed to the greatness of the country

Trump and Paul Ryan Head for a Clash Over the Budget, and Ideology

New York Times
The House speaker, Paul D. Ryan, has maintained that cuts must be made to entitlements like Social Security, Medicare and Medicaid to tame a budget deficit without tax increases.

How Walmart Is Improving Its Pharmacy Service

Fortune
Walmart (wmt) is looking to radically speed up service at one of the busiest parts of its stores: the pharmacy. The retailer on Tuesday rolled out a major upgrade to its mobile shopping app that allows its pharmacy customers to quickly and simply order

United ‘back on offense,’ unveils 22 new routes

USA TODAY
United Airlines announced a major expansion from this summer, the latest step in a turn-around effort by the USA’s No. 3 airline.

Business Giants to Announce Creation of a Computing System Based on Ethereum

New York Times
Microsoft is among the companies set to form the Enterprise Ethereum Alliance – an organization that will create a standard version of Ethereum software for businesses to use for tracking data and financial contracts.

DIARY-Top Economic Events to March 29

Reuters
LONDON – Chancellor of the Exchequer Philip Hammond and his Treasury ministers speak in the House of Commons – 1130 GMT. DUBLIN – Irish Central Bank Governor Philip Lane to speak to parliamentary committee on alternative measures of the health …

India retains fastest-growing major economy tag despite cash crackdown

Reuters
File Photo – An employee works inside an undergarment factory in Kolkata, India, February 1, 2017. REUTERS/Rupak De Chowdhuri/File Photo.

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