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

Xi to be first Chinese leader to attend Davos World Economic Forum

BEIJING/GENEVA (Reuters) – President Xi Jinping this month will become the first Chinese head of state to attend the World Economic Forum (WEF) in Davos, which this year will dwell on the rising public anger with globalization and the coming U.S. presidency of Donald Trump. Xi will take centre stage at the Jan. 17-20 forum with China presenting itself as a champion of globalization. The Chinese Foreign Ministry on Tuesday confirmed Xi's widely expected attendance at the annual gathering of global political leaders, CEOs and celebrities in the Swiss Alps.

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Xi to be first Chinese leader to attend Davos World Economic Forum

Wells Fargo says account openings fall in November

The bank agreed in September to pay regulators $185 million to settle charges that its staff opened as many as 2 million accounts without customers' knowledge. Wells Fargo said on Friday consumer checking account openings fell 9 percent in November from the previous month, and were down 41 percent from a year earlier. The bank started reporting monthly figures on retail banking activity last moth as part of an effort to win back the trust of investors.

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Wells Fargo says account openings fall in November

With bylaw tweaks, Apple grants activist one of three wishes

By Ross Kerber and Stephen Nellis BOSTON/SAN FRANCISCO (Reuters) – Apple Inc's board relaxed some rules for director nominations by outside investors but stopped short of broader changes sought by an activist shareholder. Just how much influence to give such investors has been a hot topic with the rise of activist shareholders who some executives fear may not have long-term corporate interests at heart. At Apple, this debate played out several years ago when billionaire activist investor Carl Icahn successfully urged an increase in share buybacks.

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With bylaw tweaks, Apple grants activist one of three wishes

Wall Street slips; indexes still near record highs

The Nasdaq hit a record high earlier in the session, helped by a rise in Microsoft and other big tech stocks. U.S. stocks had been on a tear since Donald Trump's surprise victory in the presidential election last week as his proposals to increase infrastructure spending and reduce taxes are seen benefiting the economy. The rally lost steam this week as investors took to the sidelines, awaiting more clarity regarding Trump's policies.

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Wall Street slips; indexes still near record highs

Wells Fargo CEO says bank changing handling of whistleblower complaints

Wells Fargo & Co Chief Executive Officer Tim Sloan told workers on Thursday the bank was changing the handling of whistleblower complaints after allegations it retaliated against employees who called an ethics hotline to report sales abuses. Sloan announced the change to a gathering of about 2,000 employees in Des Moines, Iowa, as part of a “conversations tour” he and other executives are making to try to restore employee morale following the bank's recent sales practices scandal. Sloan, who took over as CEO of San Francisco-based Wells Fargo last month, did not detail how whistleblower complaints will now be handled, but said the bank was also reviewing allegations of retaliation against staff.

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Wells Fargo CEO says bank changing handling of whistleblower complaints

Whole Foods founder Mackey retakes helm in turnaround

Whole Foods Market Inc is staking its future on blunt, vegan co-founder John Mackey, betting the man who built the high-end health food grocery chain has the best shot of leading its turnaround. Whole Foods on Wednesday said Mackey would resume his job as solo chief executive officer six years after he split the role with co-CEO Walter Robb, known as the businessman who carried out Mackey's vision. The Austin, Texas-based grocer has reported five quarters of falling sales at established stores, and while the decline may be easing, Whole Foods faces intense competition from retailers ranging from Kroger to Walmart and Amazon.

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Whole Foods founder Mackey retakes helm in turnaround

Moving Past Struggles: Investment Motivation from Great Names

investment-motivationInvesting, starting a business and growing that foundation is never easy, but the challenge is part of what motivates us. Occasionally, the world can seem like it’s falling apart all around us. For those moments, we invite you to share in this important wisdom about dealing with the struggles life throws our way.

“You have to welcome an investor into your story and make them believe.”

-Wes Selke

Before you can begin your journey, you need solid financial footing. That’s your first challenge, and rejection is common in those early days. Don’t take it to heart; instead focus on what you’re not showing to investors. What roadblocks are standing in the way of telling the complete story of your business? Figure out how to refine your elevator pitch with the intention to create an emotional connection.

“I Have Found 10,000 Ways Something Won’t Work. I Am Not Discouraged…”

-Thomas Edison

There’s a million ways to say it, but Edison’s is particularly eloquent. Failure is simply a part of success. This viewpoint helps you understand that failure is its own success, in a way. You’ve managed to definitively discover what does not work. Now the onus is on you to figure out what will.

“All You Can Do is Drill, and Promote the Story, Drill and Promote the Story”

-Dev Randhawa

In the energy market, events outside your control often affect the global supply or demand. The same is true for many industries, and you’re left with the work you do and the drive to do it. This advice from Dev Randhawa is to make sure you not only perform your due diligence, but you trust your findings. Honing a critical eye for market forces, learning what is and is not outside your control, will help steady your resolve and keep you focused.

Wells Fargo’s new CEO faces immediate test

Tim Sloan will not have much time to prepare his pitch for Wall Street. The newly installed chief executive of Wells Fargo & Co will present third-quarter results on Friday, less than 48 hours after replacing John Stumpf at the helm of the bank. Sloan's nearly 30 years with Wells, largely spent on the corporate and institutional side of the bank, and his moderate temperament make him a safe pair of hands.

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Wells Fargo’s new CEO faces immediate test

Wells Fargo CEO John Stumpf quits, replaced by Tim Sloan

By Dan Freed and Elizabeth Dilts NEW YORK (Reuters) – Wells Fargo & Co's veteran chairman and chief executive officer, John Stumpf, abruptly departed on Wednesday bowing to pressure over its sales tactics that has damaged the bank's reputation and put Wall Street under renewed scrutiny. San Francisco-based Wells Fargo said Stumpf, 63, was retiring and would be replaced as chief executive by President and Chief Operating Officer Tim Sloan, 56. The departure is a stunning reversal of fortune for Stumpf, who successfully navigated Wells through the financial crisis and built it into the world's most valuable bank with a focus on Main Street-style lending that was the envy of Wall Street.

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Wells Fargo CEO John Stumpf quits, replaced by Tim Sloan