Markets Now

‘Awfully easy money’: Charlie Munger says Warren Buffett’s bet on Japan was once-in-a-lifetime opportunity

Warren Buffett’s decision to invest billions of dollars into Japan during Covid “was like having God just opening a chest and just pouring money into it,” his business partner Charlie Munger said.  
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WeWork’s shares plunge 37% on bankruptcy reports

WeWork’s shares plunged 37% in pre-market trading Wednesday, following news reports that the beleaguered company plans to file for bankruptcy as early as next week as its losses mount.  
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In closing arguments, lawyers spin a tale of two very different Sam Bankman-Frieds

Attorneys gave their closing arguments Wednesday to the jurors who will decide Sam Bankman-Fried’s fate, offering two diametrically different versions of the collapse of his crypto empire.  
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Analysis: American inequality is rising despite higher wages

Americans are getting wealthier, but inequality is on the rise too and higher prices are hurting.  
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Chuck Schumer and Elizabeth Warren want FTC to probe blockbuster Exxon, Chevron mergers

Chuck Schumer and Elizabeth Warren want FTC to probe blockbuster Exxon, Chevron mergers  
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Magnolia Bakery is turning its most iconic desserts into cannabis edibles

Magnolia Bakery’s famous banana pudding is being whipped up in a new version that triggers elation in a different kind of way.  
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Source: CNN Business