If we’re being honest, the range of possible coronavirus-related economic outcomes is huge — all the way from “happy days are here again” to a new Dark Ages. I raise these possibilities by way of commenting on Warren Buffett’s subdued confidence at Berkshire Hathaway’s BRK.A, +1.73% BRK.B, +1.93% annual meeting …
Read More »Key Words: ‘It’s going to be brutal,’ billionaire Mark Cuban says of economy’s recovery from coronavirus, and ‘there’s no way to sugarcoat it’
“ ‘It’s going to be brutal. There’s no way to sugarcoat it at all.’ ” That is outspoken billionaire and Dallas Mavericks owner Mark Cuban, who has been increasingly visible as the National Basketball Association has been temporarily suspended due to the deadly COVID-19 pandemic. On Wednesday morning, Cuban, speaking …
Read More »Key Words: Mark Zuckerberg says Facebook can help defeat the coronavirus
“ ‘The world has faced pandemics before, but this time we have a new superpower: the ability to gather and share data for good. If we use it responsibly, I’m optimistic that data can help the world respond to this health crisis and get us started on the road to …
Read More »Key Words: Why Mark Mobius says the stock market hasn’t seen an ‘absolute bottom’ yet
“ ‘I don’t think we’re at the absolute bottom yet because the implications of this shutdown are incredible.’ ” — Mark Mobius Emerging-markets investing pioneer Mark Mobius made those remarks Tuesday in an interview with CNBC, putting him in the investing camp that expects an inevitable cascade of brutal economic …
Read More »Key Words: Mark Zuckerberg again calls for Big Tech to be regulated, even if it’s bad for business
Facebook Inc.’s Mark Zuckerberg is once again calling for more regulation of Big Tech, even if it affects his company’s bottom line. “I believe good regulation may hurt Facebook’s business in the near term but it will be better for everyone, including us, over the long term.” That’s what Facebook’s …
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