Bitcoin Is a 'Noxious Poison,' Billionaire Says

Billionaire Charles Munger said he detests Bitcoin and wouldn't have anything to do with the digital currency. “I never considered for one second having anything to do with it. I detested it the moment it was raised,” Munger said Wednesday at the annual meeting for Daily Journal Corp. in Los Angeles.
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While President Donald Trump disparages Sen. Elizabeth Warren's claims of Native American ancestry by calling her “Pocahontas,” the democrat from Massachusetts is throwing the ball right back. During a speech to the National Congress of American Indians in Washington Wednesday, the
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After five months on the job, Dara Khosrowshahi, Uber's new CEO, gave a world-weary assessment of his tenure that has largely been spent cleaning up a series of problems left by his predecessor, Uber founder Travis Kalanick. “It looked messy and it was messy,” Khosrowshahi said on stage at a
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Hatteras Financial (NYSE: HTS) and New York Mortgage Trust (NASDAQ:NYMT) are both small-cap financials companies, but which is the better business? We will compare the two companies based on the strength of their risk, institutional ownership, valuation, dividends, analyst recommendations,
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Before he was pushed from office, South African President Jacob Zuma went from fighting apartheid to facing multiple accusations of corruption during a political career that spanned almost six decades. His resignation will bring an end to an ignominious tenure that undermined the nation's democracy
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Piper Jaffray Companies (NYSE: PJC), a leading investment bank and asset management firm, is pleased to announce the hiring of Doug Lawson as a managing director in the diversified industrials & services investment banking group. Lawson has extensive experience in the packaging, plastics and
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After several days of relative stability in the midst of broader financial market turmoil, stronger-than-expected Valentine's Day inflation report helped push mortgage interest rates to their highest point in almost four years this week. The average prime 30-year fixed mortgage rate quoted on Zillow
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FILE – This Aug. 8, 2011, file photo shows the Fannie Mae headquarters in Washington. Fannie Mae said Wednesday, Feb. 14, 2018, its net worth sank to a negative $3.7 billion after it had to “remeasure” its deferred tax assets to the tune of $9.9 billion as required by the Tax Cuts and Jobs Act, signed
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Now, into that fray wades Texas Capital Bank, a 20-year-old mid-sized financial institution that has primarily focused on commercial banking and private wealth management. The Dallas-based company is opening what it boasts is the neighborhood's first and only retail bank in hopes that it can spur
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Local real estate company Pacific Pro Realty knows buying a home or property can be daunting. “We work with people regardless of whether they're trying to a buy $100,000 property or a $2 million property,” owner Chris LaPointe said. “Our hope here is always, 'Client first.'” Many of the agents LaPointe
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A retired Raleigh banking lawyer is helping to push forward what could be the state's first de novo bank in nine years. Tony Gaeta, a retired Raleigh banking attorney, who served as legal counsel in connection with more than 30 successful de novo bank formations, is assisting a group of business
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A developer wants to build apartments and retail around the Kennan Building, a round office building in Oakland Park that's one of the most recognizable structures along Federal Highway in Broward County. Co-owners Brickbox Oakland Park, an affiliate of Brickbox Development, Round Corner LLC
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Currently, the 14-day ADX for Sirius Real Estate Ld (SRE.L) is sitting at 40.69. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an
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They were invited to compete during Wheel of Fortune's “Sweethearts Week,” which is filmed at Walt Disney World. Fittingly, the trip to Orlando together wasn't their first; they had been to the theme park together as high school sweethearts on a senior trip with Becki's family. The Babcocks had a simple
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Salmonella is showing up in a variety of pet foods, prompting the Food and Drug Administration to issue recalls and safety warnings for dog food products from five different companies since the beginning of February, including Raws For Paws Dog Food, Red Barn Pet Products, and Smokehouse Pet
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Launched in 2006 by Heather and Zach Harrison, the Scarsdale-based firm sold $238.7 million worth of real estate in 2017, according to the Hudson Gateway Multiple Listing System. For the past four years, the company's been on the Inc. 5000 Fastest-Growing Companies in America list. Platinum Drive
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In a letter to European Banking Authority chairperson Andrea Enria, the MEPs that formed part of the PANA committee as well as the delegation on rule of law to Malta said there was leaked evidence and first-hand testimony that place Pilatus Bank “at the centre of illicit financial flows from Malta's
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As a native Texan, I make an effort to stay current on the latest happenings in my home state. And even though the announcement by the Consumer Financial Protection Bureau that it will reconsider new federal rules that would regulate payday lending is national in scope, the nature of the affected
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The Sell recommendation for Lending Club Corp (NYSE:LC) is based on reasoning that considers a ranking in the company's industry group that is in the bottom eighth, a ranking in its sector group that is in the bottom eighth, a quantitative risk/reward calculation that is unattractive, and an analytical
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The issues expressed by Viceroy have been reflected in a letter from Benguela Global Fund Managers to Capitec also raising concerns about Capitec's lending practices. This report presents the results of Viceroy's further investigation into Capitec and a rebuttal of Capitec's responses to Viceroy and
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