Berkshire Hathaway Posts Massive $43.8 Billion Loss; operating results are improving

Berkshire Hathaway Posts Massive .8 Billion Loss;  operating results are improving

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor during Berkshire Hathaway Inc’s annual shareholders meeting in Omaha, Nebraska, U.S., on 4 May 2019. REUTERS/Scott Morgan//File Photo Join now for FREE unlimited access to Reuters.com Register Aug 6 (Reuters) – Falling U.S. stock prices hurt … Read more

India Freezes Binance-Linked WazirX Assets

India Freezes Binance-Linked WazirX Assets

Representations of cryptocurrencies in this illustration taken January 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Reuters.com Register MUMBAI, Aug 5 (Reuters) – India’s financial crime agency said on Friday it had frozen the assets of WazirX, linked to the world’s largest digital currency exchange, Binance, as it investigates a breach … Read more

Oil falls with dollar on fears of recession; Wall Street ends mixed

Oil falls with dollar on fears of recession;  Wall Street ends mixed

Oil hits pre-Ukraine lows as demand outlook deteriorates The Bank of England expects a recession throughout 2023 Treasury Yield Curve Inversion Deepens The dollar falls; the pound sterling slips against the euro OTTAWA, Aug 4 (Reuters) – Crude oil sank along with Treasury yields and the dollar on Thursday as recession worries intensified following the … Read more

Meta, Facebook’s parent company, makes the first-ever bond issue

Meta, Facebook’s parent company, makes the first-ever bond issue

The Meta Platforms logo is seen in Davos, Switzerland May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann//File Photo Join now for FREE unlimited access to Reuters.com Register Aug 4 (Reuters) – Meta Platforms, the parent company of Facebook (META.O), announced on Thursday that it would make its first-ever bond issue, at a time … Read more

EXCLUSIVE Airbus strikes remaining A350 deal with Qatar Airways – sources

EXCLUSIVE Airbus strikes remaining A350 deal with Qatar Airways – sources

PARIS, Aug 3 (Reuters) – Airbus (AIR.PA) has revoked its entire outstanding order with Qatar Airways for A350 jets, halting all new jetliner business with the Gulf carrier in a new dramatic turn to a dispute clouding World Cup preparations, two industry sources have said. No comment was immediately available from Airbus or Qatar Airways. … Read more

Wall Street falls on rising US-China tensions, Caterpillar shares weigh

Wall Street falls on rising US-China tensions, Caterpillar shares weigh

President Nancy Pelosi expected in Taipei later today Caterpillar drops after missing sales estimates Uber wins after reporting positive cash flow Indices down: Dow 0.92%, S&P 0.61%, Nasdaq 0.45% Aug 2 (Reuters) – Major Wall Street indexes fell on Tuesday on concerns over rising U.S.-China tensions ahead of U.S. House of Representatives Speaker Nancy Pelosi’s … Read more

BP increases its dividend after its profit hits its highest level in 14 years

BP increases its dividend after its profit hits its highest level in 14 years

Profits soar to $8.45 billion, far beating forecasts BP increases its dividend by 10% BP to increase oil and gas spending, CEO says Profits driven by strong oil trade, impacted by LNG LONDON, Aug 2 (Reuters) – BP’s (BP.L) second-quarter profit soared to $8.45 billion, its highest level in 14 years, as strong refining and … Read more

Inflation begins to weigh on the finances of young, low-income Americans

Inflation begins to weigh on the finances of young, low-income Americans

A shopper wearing a face mask is pictured at a Dollar Tree store in Pasadena, California, U.S., June 11, 2020. REUTERS/Mario Anzuoni Join now for FREE unlimited access to Reuters.com Register NEW YORK, Aug 1 (Reuters) – As high inflation forces Americans to spend more on gas and bills, young and low-income consumers are starting … Read more

US plans to crack down on memory chip makers in China

US plans to crack down on memory chip makers in China

WASHINGTON, Aug 1 (Reuters) – The United States is considering limiting shipments of U.S. chipmaking equipment to memory chipmakers in China, including Yangtze Memory Technologies Co Ltd (YMTC), according to four people familiar with the matter. as part of a bid to stop China’s semiconductor industry from advancing and protecting American companies. If President Joe … Read more

Stephen King to fight for US government in case against book publishing mega-merger

Stephen King to fight for US government in case against book publishing mega-merger

WASHINGTON, Aug 1 (Reuters) – The U.S. Justice Department on Monday asked a federal judge to block a $2.2 billion merger between two of the “Big Five” book publishers, Penguin Random House and Simon & Schuster , in a trial that is expected to feature testimony from horror writer Stephen King. “This is real money … Read more