Capsule hotels are a cheap alternative to expensive accomodation in London for office workers. Sawdah Bhaimiya Workers who moved out of London for remote work are under pressure to come back to the office in the city, and some are choosing to stay in Japanese-inspired sleeping pods for just £30 ($40). I travelled to Piccadilly … Read more
On Dec. 9, JPMorgan warned it would spend more next year than it had previously forecast. Shares tanked. Within days, the bank’s stock had recovered. That trading dynamic is a rapid-fire microcosm of an approach that billionaire fund manager Ron Baron says underlies a key part of his investment philosophy: making bets on the companies … Read more
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Todd Combs’ surprise departure from Berkshire Hathaway got most of the attention when it was announced this week. There were also, however, several additional personnel … Read more
JetBlue Airways’ new lounge, BlueHouse, at JFK’s Terminal 5. Courtesy: JetBlue Airways JetBlue Airways‘ first airport lounge since it started flying nearly 26 years ago is here, inspired by a New York City apartment — but bigger. The 9,000-square foot lounge, called BlueHouse, is set to open Dec. 18 at 5 a.m. ET at the … Read more
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Dec. 8, 2025. Brendan McDermid | Reuters The S&P 500 was relatively unchanged on Wednesday ahead of the Federal Reserve’s interest rate decision. The broad market index traded around the flatline. The Dow Jones Industrial Average rose 115 … Read more
President Donald Trump on Tuesday claimed to have “just heard” that all four of former President Joe Biden’s appointments to the Federal Reserve were approved by “autopen,” suggesting they are not authorized to serve in those roles. Trump provided no evidence for the claim, which piggybacks on his repeated assertion that all of his predecessor’s … Read more
Todd Combs, portfolio manager and investment officer of Berkshire Hathaway Inc., arrives for the morning session of the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Friday, July 12, 2019. Patrick T. Fallon / Bloomberg / Getty Images Warren Buffett’s Berkshire Hathaway announced a number of structural changes before the … Read more
A version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox. The number of public companies has been shrinking, sending investors looking for diversification in the private … Read more
Photo released by the House Oversight Committee Democrats shows the property of Jeffrey Epstein’s private island home on Little St. James. Source: House Oversight Committee Democrats House Democrats on Wednesday revealed new photos and videos from Jeffrey Epstein’s private island in the U.S. Virgin Islands, and revealed that two major banks have handed over records … Read more
This sure has been one tough market these past few weeks. One day, stocks are rallying on renewed hopes of a December Fed rate cut. The very next day, they’re weighed down by worries of an impending AI bubble. It’s no surprise that the CBOE Volatility Index (VIX) — widely known as the “fear index” … Read more