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Bollywood legend Sridevi dies at 54

Kunal Patil | Hindustan Times via Getty Images Aishwarya Rai, Deepika Padukone and Sridevi (center) during Hindustan Times India’s Most Stylish Awards at Yash Raj Films Private Limited on January 24, 2018 in Mumbai, India. Actress Sridevi, arguably Bollywood’s first female superstar, died in Dubai on Saturday night following a …

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Russia barred from flying flag at Winter Games closing ceremony

Florian Choblet | AFP | Getty Images Russia’s athletes arrive during the closing ceremony of the Pyeongchang 2018 Winter Olympic Games at the Pyeongchang Stadium on February 25, 2018. The International Olympic Committee (IOC) dashed Russian athletes’ hopes of marching behind their national flag at the Winter Games closing ceremony …

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Buffett reveals Berkshire’s 15 largest stock holdings — including Apple, Wells Fargo

Warren Buffett shared Berkshire Hathaway’s largest stock positions in his 2017 annual letter to shareholders released on Saturday. The Oracle of Omaha explained how he views equity investments and why he’s bullish on U.S. stocks over the long-term. “Charlie and I view the marketable common stocks that Berkshire owns as …

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Saudi oil minister hopes OPEC, allies can ease output curbs in 2019

Heinz-Peter Bader | Reuters Saudi Arabia’s Oil Minister Khalid al-Falih listens during a news conference after an OPEC meeting in Vienna, Austria, November 30, 2017. Saudi Arabia hopes OPEC and its allies will be able to relax production curbs next year and create a permanent framework to stabilize oil markets …

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‘Black Panther’ blows past $500 million at the global box office

“Black Panther” has proven its staying power after breaking records during its North American debut last weekend. The film’s $40.2 million haul on Monday was the biggest Monday at the U.S. box office ever. Since then, “Black Panther” has posted the best Tuesday, Wednesday and Thursday performance for any movie …

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Elon Musk just revealed how much bitcoin he owns

Serial entrepreneur and tech billionaire Elon Musk recently shared how much bitcoin he has to his name and it’s a surprisingly little amount — 0.25 BTC or about $2,531 as of publishing time. Musk tweeted on Thursday morning that aside from the 0.25 bitcoin a friend had given to him …

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China’s Geely buys a $9 billion stake in Daimler, reports Bloomberg

Krisztian Bocsi | Bloomberg | Getty Images An employee holds a Mercedes-Benz badge on the assembly line at the automaker’s factory in Bremen, Germany. The parent company of Geely, a large Chinese automaker, has bought a nearly 10 percent stake in German car and truck maker Daimler, Bloomberg reported on …

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Fed’s bond buying during financial crisis was not that effective, economists say

Andrew Harrer | Bloomberg | Getty Images Marriner S. Eccles Federal Reserve building in Washington, D.C. A new report punches holes in the theory that Federal Reserve crisis-era asset purchases kept down long term interest rates and says the use of interest rate policy is more effective. This was the …

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Trump will unveil new sanctions against North Korea

Reuters President Donald Trump speaking at the State of the Union address at the US Capitol in Washington, DC, on January 30, 2018. President Donald Trump will announce new sanctions Friday in the U.S. effort to stop North Korea’s weapons development. “Today I am announcing that we are launching the …

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Oil-related stocks in Asia rise after US inventories decline

Getty Images Pump jacks and wells are seen in an oil field on the Monterey Shale formation, March 23, 2014, near McKittrick, Calif. Oil-related stocks in Asia traded higher on Friday as oil prices recorded slight gains after touching two-week highs in the previous session. Those gains in oil prices …

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