Lockdown has created a fresh headache for financial regulators — it’s much harder to keep an eye on what traders are up to

Britain’s financial watchdog received fewer reports on suspicious transactions than ever before in April as traders and other market participants adjust to working from home. The watchdog received only 215 reports in April, its lowest level since current regulations took effect in 2016, according to Bloomberg, citing a public-records request. “There may be several reasons […]

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Warren Buffett’s ‘most gruesome mistake’ was buying Dexter Shoe. Here’s the story of his $9 billion error.

Warren Buffett’s “most gruesome mistake” was buying Dexter Shoe in 1993, a Maine shoemaker that soon collapsed under pressure from cheap foreign imports. The famed investor paid for Dexter with 25,203 Class A shares in Berkshire Hathaway, worth about $8.7 billion today. “I gave away 1.6% of a wonderful business … to buy a worthless […]

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10 things in tech you need to know today

Good morning! This is the tech news you need to know this Tuesday. Uber confirmed it will buy smaller food delivery firm Postmates in a $2.65 billion all-stock deal. Food delivery has come front and center for Uber since March, when a near complete drop-off in global travel decimated its core taxi business. Facebook, Google, […]

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Elon Musk and other competitors rushed to support Rocket Lab after the startup’s founder apologized for losing 7 satellites in a launch failure

Rocket Lab, a private spaceflight firm in New Zealand, failed to deliver seven satellites to orbit following a launch on Saturday. Company founder and CEO Peter Beck publicly apologized on Twitter to his customers for the loss of the space mission. Following his mea culpas, Beck and Rocket Lab saw a rush of support from […]

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Why India banned 59 apps including the wildly popular TikTok over a geopolitical dispute with China

India banned 59 Chinese-owned apps on June 29, including TikTok. The ban follows a border skirmish between India and China in the disputed territory of Ladakh on June 15, and escalates geopolitical tensions between the two countries. India says the ban is about preserving “data sovereignty”, implying that it wants home-grown champions to replace Chinese […]

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In Los Angeles, the massive Dodger Stadium testing site closed for 4 days, even as the city sees a rise in cases and the county struggles to meet the demand for testing

Los Angeles’ largest coronavirus testing site at Dodger Stadium closed for four days over the weekend, local outlet KTLA reported. The site could administer 6,000 tests a day and is anticipated to allow for 6,500 tests once it reopens. LA county medical services director Dr. Christina Ghaly said the city was already struggling to meet […]

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‘Walk a mile in my legs’: Sen. Tammy Duckworth fires back after Fox News’ Tucker Carlson questions her patriotism

Democratic Sen. Tammy Duckworth of Illinois in a one-sentence tweet lambasted Fox News host Tucker Carlson on Monday evening. Carlson made flippant remarks about Duckworth’s military service and her “unimpressive” demeanor. “Does @TuckerCarlson want to walk a mile in my legs and then tell me whether or not I love America?” the double-amputee Army National […]

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