Warren Buffett and his company Berkshire Hathaway are highly regarded for their savvy investments, which have produced phenomenal returns over the years. In addition, Buffett and Berkshire are investing hundreds of billions of dollars for a wide array of shareholders and stakeholders, which makes their investing strategy much different from that of the average retail investor. During the earlier part of the pandemic in 2020 and 2021, Berkshire sold a number of stocks to prepare for the situation at hand and the new trajectory the world was on due to COVID.
Goldman Sachs Group Inc said on Thursday it is launching a partnership with capital markets technology firm Derivative Path that opens the door to thousands of U.S. regional banks and credit unions becoming clients of its foreign exchange services. The partnership is latest step by Goldman towards gaining market share in the crowded and competitive transaction banking sector, which it entered in 2019. Under its terms, clients of Derivative Path will be able to use Goldman for all foreign exchange transactions and rate pricing.
(Bloomberg) -- It was an unusually frigid December weekend when Cheng Wei summoned his inner circle to his Beijing office. The founder of Didi Global Inc., dressed entirely in black, told his lieutenants to slash spending by a fifth in 2022 and begin layoffs after staff return from Lunar New Year vacations. He delivered his bombshell flanked by a giant Powerpoint slide that read: “Don’t live with illusions. Face reality.”Most Read from BloombergUS Will Face High Gas Prices ‘as Long as It Takes,’