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One of the world's largest hedge funds is returning $8 billion to its investors
Viking Global Investors, one of the world's largest hedge funds, is returning about a quarter of its capital to investors as its chief investment officer steps down, according to a letter the firm sent...
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Goldman Sachs found a way to automate dealmaking tasks usually managed by...
Investment banking has long been thought to be an industry where automation would have a tough time replacing human workers.But Goldman Sachs has found a way to streamline IPOs — one of its most...
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Online lenders haven't been verifying income and employment on their loans,...
Online lenders may be lowering their standards and taking greater risks on borrowers as they chase higher profits. Prosper Marketplace and Lending Club, two of the largest players in the online...
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Big banks may have an extra $100 billion to spare thanks to Trump, but it's...
Big banks could have an extra $100 billion in capital to play with if President Donald Trump's financial regulation plans come to fruition.After the financial crisis, regulators required banks to build...
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Soon you might be able to unlock your iPhone with your face (AAPL)
Apple is working on a feature that would allow iPhones users to unlock their phones by just looking at them, Bloomberg reported on Monday.This facial recognition feature may be included in the...
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Apple CEO Tim Cook: 'If I were a country leader, my goal would be to...
Apple CEO Tim Cook gave new and detailed comments on immigration and the Deferred Action for Childhood Arrivals program while he was on a panel with Michael Bloomberg at a conference on Wednesday....
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Trump's tax cut could hand Wall Street banks a $6.4 billion profit boost...
Big banks could see profits spike by $6.4 billion under President Donald Trump's tax plan.The six largest US banks — JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan...
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The winner of this year's Nobel Prize in economics says he's 'nervous' about...
The winner of this year's Nobel Prize in economics says he's "nervous" about stocks."We seem to be living in the riskiest moment of our lives, and yet the stock market seems to be napping," Richard...
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Trump was 'the most notable loser' on Forbes' list of wealthiest Americans
President Donald Trump's net worth fell $600 million to $3.1 billion over the past year, according to Forbes Magazine's calculations, putting him 92 spots lower on the list of America's wealthiest than...
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Financial networks and businesses are distancing themselves from Marc Faber...
Marc Faber, the author of the "Gloom, Boom, and Doom" investment report, wrote in his latest letter, "thank God white people populated America, and not the blacks."All three major financial news...
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Bloomberg has opened a huge new Norman Foster-designed HQ in London
Bloomberg has opened a new £1 billion European headquarters in London with enough space for over 4,000 staff.The 1.1 million sq ft site — based in two buildings joined by bridges — is located between...
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Norman Foster and Michael Bloomberg explained how Bloomberg's new European HQ...
The £1 billion development will accommodate all of Bloomberg's 4,000 London staff.It's being hailed as the most sustainable major office development in the world.Norman Foster said Brexit has not...
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Billionaire Michael Bloomberg wants to live to 125 years old: 'Nobody's done...
Former New York City mayor Michael Bloomberg intends to live another 50 years. He made his comments at Bloomberg's new European HQ after being asked if he intends to run for US president. Billionaires...
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One of the biggest perks of the modern workplace is disappearing
In the 1980s, IBM was a pioneer in the work-from-home revolution, offering its employees the ability to work remotely. Since then, it has frequently made lists of the best companies for telecommuting...
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Goldman Sachs has struck a deal with Bloomberg to help its stock trading...
Goldman Sachs will begin executing trades made on Bloomberg Tradebook, the brokerage arm of the financial-services and media giant. The arrangement will allow the two firms to focus on their respective...
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CBS News, PBS, and Bloomberg suspend Charlie Rose amid sexual harassment...
CBS, PBS, and Bloomberg announced they have suspended Charlie Rose amid accusations he sexually harassed his female colleagues.Eight women accused Rose of varying levels of misconduct in a bombshell...
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Bloomberg Businessweek hires a new editor
Bloomberg Businessweek announced a new editor on Thursday, shuffling its editorial structure.According to three people at Bloomberg, Bloomberg Markets magazine editor Joel Weber will take over the...
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Workers at an Apple manufacturing plant in China complained about poor...
Advocacy group China Labour Watch and Bloomberg have released reports highlighting harsh working conditions at a manufacturing plant in Suqian, China.The factory is owned by Catcher, a company that...
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Travis Kalanick's final months as Uber CEO reportedly included squirming on...
Bloomberg on Thursday published a detailed report of Travis Kalanick's final months and subsequent ouster as Uber's CEO.The story describes Kalanick as combative and stubborn, lobbying behind the...
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A look inside the incredible life of Georgina Bloomberg, the heiress to her...
• Georgina Bloomberg is the second daughter of former New York City Mayor and media mogul Michael Bloomberg.• She is an elite equestrian, who's raked in thousands of dollars in prize money and has...
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