Speaking to Berkshire Hathaway shareholders on Saturday, Warren Buffett criticized how regulators and lawmakers have handled recent bank failures and said that the ongoing debt ceiling showdown will sow even more chaos.
Share:
More In Business
Pfizer Recalls Migraine Drug Due to Unsafe Packaging
Pfizer Recalls Migraine Drug Due to Unsafe Packaging
Afternoon Alexa Flash Briefings of March 17th
Afternoon Alexa Flash Briefings
Cheddar Afternoon News Briefings of March 17th
Cheddar Afternoon News Briefings
Good2Know: YouTube TV Hikes Rate & Ben & Jerry's Free Cone Day Is Back
Good2Know is your daily dose of the news that could impact your day to day.
Stocks Fall to Cap Chaotic Week Driven by Fears About Banks
Wall Street’s week of turmoil closed with drops for stocks. The S&P 500 fell 1.1% Friday, led by drops in First Republic and other banks.
Fed Lent $300B in Emergency Funds to Banks in the Past Week
Cash-short banks have borrowed about $300 billion from the Federal Reserve in the past week, the central bank announced Thursday.
Booming Bottled Water Sales Are Bad for the Planet, Says UN Report
The global bottled water industry is booming, and it's coming at a steep environmental cost, according to the United Nations University Institute for Water, Environment and Health.
Sanofi Joins Other Drugmakers in Slashing Price of Insulin
Sanofi has announced that it will lower the list price of its insulin drug, Lantus, by 78 percent and will set a $35 cap on out-of-pocket costs for all patients.
Big Banks Create $30B Rescue Package for First Republic
Eleven of the biggest U.S. banks Thursday announced a $30 billion rescue package for First Republic Bank in an effort to prevent it from becoming the third to fail in less than a week and head off a broader banking crisis.
