- On this day in 1965: In a boardroom on Cove St. in New Bedford, MA, a young, crew-cut Warren Buffett takes control of decrepit textile maker Berkshire Hathaway Inc., whose stock closes that day at $18 a share. Over the next thirty-three years, the stock price rises to $84,000 a share.
- GS, MS and others revised their GDP # to a negative after today's poor construction spending numbers. A negative GDP print has many wondering if we are, in fact, in a recession. A recession as defined by the Fed is two consecutive GDP reports.
- The weak U.S. recovery has nothing to do with inequality says CalifiaBeachPundit
- McKinsey says businesses are still extremely concerned over cyber attacks and aren't anywhere prepared as they should be (yet). 70% of the respondents said that security concerns had delayed the adoption of public cloud computing by a year or more
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