Daily Dozen | Forbes: Buffett Bets Stoke Stocks; Walmart’s Six-Figure Clientele; $62B Crypto Contagion

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Inside the wealth, giving and lives of Elon Musk, Jeff Bezos and Bill Gates; six airlines slapped with a total $7.25 million fine over refunds; fund managers are increasingly worried about a recession; and more.

before settling into modest gains, with the Dow rising 0.2%, S&P 500 jumping 0.9% and Nasdaq rising 1.5% followingthe Federal Reserve may soon ease up on its aggressive monetary policy. Berkshire Hathaway’s latest investments led the rally after Warren Buffett’s firm disclosed aDespite growing signs the worst of inflation may be in the rearview mirror, fund managers around the world are, dealing a blow to the U.S. but potentially causing even more damage throughout Europe.

is that the economy in 2023 will be marked by stagflation, a so-called worst case scenario for markets where there’s below-average growth but above-average inflation.topping $100,000 are turning to Walmart for grocery shoppinghelped drive same-store sales in the U.S. up by 8.2% during the third quarter, exceeding expectations and sending the retailer’s stock rising 7% on Tuesday morning.

Despite allegations that Georgia Republican Senate candidate Herschel Walker paid for two abortions, a prominentto back him ahead of his runoff election, for which voting ends on December 6. If the group and its partner super PAC follow through, they would have contributed to Walker since initial reports that he allegedly paid for his girlfriend, as well as another woman, to have an abortion.Wall Street billionaires Carl Icahn, Ken Griffin, Israel Englander and Daniel Loeb can thank Elon Musk for what might be 2022’s easiest money trade.Like stock certificates sprinkled with pixie dust, inflated exchange tokens were at the core of FTX’s spectacular collapse.

 

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