Warren Buffett: I bought $12 billion of stock after Trump won

Buffett revealed that he has bought $12 billion of stock for his company Berkshire Hathaway Inc since the Republican Donald Trump beat Democrat Hillary Clinton in the Nov. 8 U.S. presidential election. In an interview with talk show host Charlie Rose that aired on Friday night, Buffett suggested that Berkshire's post-election stock purchases overall were even higher, reflecting stocks that his deputies Todd Combs and Ted Weschler bought.

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Warren Buffett: I bought $12 billion of stock after Trump won

Wall Street scion Caspersen gets 4 years in prison for $38.5 million fraud

By Nate Raymond NEW YORK (Reuters) – Former Wall Street executive Andrew Caspersen was sentenced on Friday to four years in prison for engaging in what prosecutors say was a Ponzi-like scheme to defraud investors including family members and friends out of $38.5 million. Caspersen, who worked at a unit of investment banker Paul Taubman's PJT Partners Inc before his arrest in March, was sentenced by U.S. District Judge Jed Rakoff in Manhattan after pleading guilty to charges including securities fraud. Prosecutors sought up to 15-2/3 years in prison for the Princeton University and Harvard Law School graduate, who they said for 18 months shamelessly exploited his victims' trust.

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Wall Street scion Caspersen gets 4 years in prison for $38.5 million fraud

Wall Street rises in wake of first presidential face-off

Amazon.com increased 1.98 percent and the consumer discretionary index gained 0.93 percent higher after a report showed that the consumer confidence index for September rose to its highest level in nine years. Following the first of three presidential debates on Monday, Trump vowed to hit Clinton harder after she put him on the defensive. “From a market perspective, rightly or wrongly, there is an understanding that Mrs Clinton would be a safe pair of hands, that there's very little uncertainty there,” said Brad McMillan chief investment officer for Commonwealth Financial in Waltham, Massachusetts.

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Wall Street rises in wake of first presidential face-off

White House says it sees a path to approval of Pacific trade deal

The White House said on Monday it could still win congressional approval of the Trans-Pacific Partnership trade pact before President Barack Obama leaves office, and warned that failing to do so would undermine U.S. leadership in the region. “The president is going to make a strong case that we have made progress and there is a path for us to get this done before the president leaves office,” White House spokesman Josh Earnest told a news briefing ahead of Obama's trip to Asia this week. Obama has made the 12-nation free trade deal the centerpiece of a diplomatic “pivot” to Asia, but the prospects for congressional approval have looked increasingly dim, with both major presidential candidates – Democrat Hillary Clinton and Republican Donald Trump – standing opposed.

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White House says it sees a path to approval of Pacific trade deal