Wells Fargo Tests Cryptocurrency For Internal Transactions

Wells Fargo & Co said that it will pilot its own digital currency powered by blockchain to help move cash across borders and between branches in real time. The currency, called Wells Fargo Digital Cash, will be linked to the U.S. dollar and transferred using the bank’s distributed ledger technology to keep track of payments…

Takeaways From The Berkshire Hathaway weekend

Warren Buffett chaired Berkshire Hathaway’s annual meeting over the weekend, and 40,000-plus faithful shareholders gathered in Omaha, Nebraska, to hear the Oracle’s pronouncements. Buffett, 87, and his vice chair and sidekick of six decades, Charlie Munger, 94, followed up Saturday’s daylong meeting with an appearance on CNBC’s Squawk Box with host Becky Quick Monday morning…