Category: Business and Finance
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Cyber Insurance Coverage and Exclusions Explained
The ransom note flashed on every hospital screen: “Pay 87 BTC or we leak 100k patient HIV records.”I called our cyber insurer, sweating. “We’ve got $10M coverage!” I gasped.Their response? “Let’s review your policy exclusions first.”Spoiler: They paid $0. The $10M Mirage Cyber insurance promises a safety net. Reality? It’s full of trapdoors. After auditing…
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How Debit Cards Changed Banking Trust and What It Means for Financial Inclusion
In their fascinating paper, Bachas et al. (2021) studied an at-scale natural experiment in which debit cards were given to people who already had a bank account. The study explored the staggered rollout of debit cards to beneficiaries of Mexico’s conditional cash transfer program. The cards were linked to existing savings accounts and addressed two…
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What Would It Take to Get Americans Back Into Farm Work?
The Question What would it take to get Americans into farm work? And why don’t we do that already? Americans aren’t usually people afraid of hard work. We’re a nation built by coal miners, steel workers, cowboys, and homesteaders. But we have gone a little softer in the last century. Or have the jobs gotten…
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Warren Buffett’s billion-dollar secret revealed: Why he’s hoarding cash and betting big on Japan
Warren Buffett calmed fears over Berkshire Hathaway’s cash stockpiling as he said he intends to invest heavily in the near future, particularly in one emerging market. The billionaire, 94, told investors in his annual letter that while his firm has more cash on hand than ever, the value of the businesses that it owns has…
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Trump’s Energy Plans Are Creating Surprising Opportunities for Investors
Energy has taken center stage in the first month of President Donald Trump’s second term. It’s the linchpin of his plan to tame inflation, because oil drilling can drive down prices at the pump. And Trump sees oil and gas as America’s most powerful asset in trade negotiations. “We’re going to make more money than…
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Is Costco (COST) a Buy as Wall Street Analysts Look Optimistic?
Investors often rely on Wall Street analysts’ recommendations before deciding whether to buy, sell, or hold a stock. “While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock’s price, do they really matter?” Before examining the reliability of brokerage recommendations, it is essential to look at what Wall…
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Apple finally lets you merge two Apple IDs—kinda. Here’s how
“Anyone with more than one Apple IDs knows how frustrating things can get. Now you can do something about it.” “A few years ago, I chronicled the journey I went on to manually merge two Apple ID accounts into one.” “I was attempting to rectify a problem that I and many other long-time Apple users…
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Warren Buffett sends shares tumbling as he sells stock in major healthcare company
Warren Buffett sold a big stake in a healthcare provider—causing the share price to sink 11 percent. The 94-year-old investor runs Berkshire Hathaway, which owns dozens of companies, including insurer Geico, battery maker Duracell, and restaurant chain Dairy Queen. On Tuesday, the company offloaded billions of dollars of stock in DaVita, a dialysis provider. Buffett—who…
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Does Warren Buffett Know Something That Wall Street Doesn’t? The Billionaire Investor Is Piling Into a High-Yield Stock That Certain Analysts Recommend Selling.
Warren Buffett and his team at Berkshire Hathaway are some of, if not the best, investors ever. That’s why it shouldn’t surprise investors to learn that Buffett is often a step or two ahead of the broader market. Buffett has always had a knack for largely avoiding recessions or market downturns and making asymmetric investments…
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Trump Will Impose Tariffs on Steel and Aluminum on Monday
President Trump said he planned sweeping tariffs on all steel and aluminum imports on Monday and would take other action to even out tariff rates with the rest of the world later this week. Speaking from Air Force One en route to the Super Bowl, the president said his metal tariffs would apply to “everybody,”…