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

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

Shenzhen is accelerating China’s driverless car dreams

Shenzhen is accelerating China’s driverless car dreams

SHENZHEN, China, Aug 1 (Reuters) – On a busy downtown street, three delivery bikes suddenly rush across the pedestrian crossing in front of the car. On the car’s dashboard, they look like little 3D blue blocks from a 1990s video game. The steering wheel turns a notch and the vehicle gently slows down, while the … Read more

Wall St ends abruptly for the 2nd day; Amazon and Apple skip after hours

Wall St ends abruptly for the 2nd day;  Amazon and Apple skip after hours

US economy shrinks in second quarter Meta-platform revenue drops for the first time Ford stocks gain after results Indices: Dow up 1%, S&P 500 up 1.2%, Nasdaq up 1.1% NEW YORK, July 28 (Reuters) – U.S. stocks rallied for the second day on Thursday as all three major indexes ended up more than 1% as … Read more

Apple predicts faster sales growth and strong iPhone demand despite sluggish economy

Apple predicts faster sales growth and strong iPhone demand despite sluggish economy

July 28 (Reuters) – Apple Inc (AAPL.O) said on Thursday that parts shortages were easing and iPhone demand was unrelenting despite other consumer spending tightening, helping it outperform Wall Street expectations and forecast faster sales growth. Shares of the Silicon Valley giant rose 3.5% after hours following the earnings release. Although macroeconomic indicators around the … Read more

Wall Street tumbles as Walmart warning rocks retail sector

Wall Street tumbles as Walmart warning rocks retail sector

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 21, 2022. REUTERS/Brendan McDermid Join now for FREE unlimited access to Reuters.com Register Walmart slashes profit forecast and drags retailers in McDonald’s up in sales and profit GE jumps on higher profits, Coca-Cola up on forecast Indices down: … Read more

Asian stocks rebound on Chinese property fund as Fed hike looms

Asian stocks rebound on Chinese property fund as Fed hike looms

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic chart displaying stock market indices for various countries, including the Russian Trading System (RTS) index which stands empty, outside a brokerage house in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon Join now for FREE unlimited access to Reuters.com Register … Read more

S&P 500 ends choppy session almost flat; investors watch the Fed, earnings

S&P 500 ends choppy session almost flat;  investors watch the Fed, earnings

Apple and Amazon.com among companies to report earnings this week FOMC to kick off two-day policy meeting starting Tuesday Miner Newmont plummets after raising annual cost forecast Indices: Dow up 0.3%, S&P 500 up 0.1%, Nasdaq down 0.4% NEW YORK, July 25 (Reuters) – The S&P 500 oscillated on Monday and ended virtually unchanged as … Read more

US Department of Energy set to lend $2.5 billion to GM battery joint venture

US Department of Energy set to lend .5 billion to GM battery joint venture

WASHINGTON, July 25 (Reuters) – The U.S. Department of Energy on Monday announced plans to lend $2.5 billion to a joint venture of General Motors Co (GM.N) and LG Energy Solution (373220.KS) to help finance the construction of new lithium power plants. ion battery cell manufacturing facilities. The conditional commitment for the loan to Ultium … Read more