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

European stocks slide, oil rallies, traders await US jobs data

European stocks slide, oil rallies, traders await US jobs data

LONDON, Aug 5 (Reuters) – European stocks fell slightly on Friday but were still poised for a weekly gain as traders waited for U.S. jobs data later in the session to give hints on the health of the world’s largest economy. The MSCI Global Equity Index, which tracks stocks from 47 countries, rose 0.2% and … 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

Fed officials beat the inflation drum; “Reasonable” 50 basis point rate hike next month

Fed officials beat the inflation drum;  “Reasonable” 50 basis point rate hike next month

Aug 3 (Reuters) – Federal Reserve officials on Wednesday expressed renewed determination to contain high inflation, although it was noted that a half-percentage-point hike in the Fed’s benchmark interest rate U.S. central bank next month could be enough to make progress toward that goal. “I’m assuming that 50 (basis points) would be a reasonable thing … Read more

Wall Street rallies on economic data, crude falls as stocks rise

Wall Street rallies on economic data, crude falls as stocks rise

NEW YORK, Aug 3 (Reuters) – U.S. stocks closed sharply higher and Treasury yields hit two-week highs on Wednesday amid strong economic data, upbeat business forecasts and easing geopolitical concerns boosted investors’ risk appetite. First-month crude futures fell following a report that U.S. crude and gasoline inventories rose unexpectedly last week. All three major U.S. … Read more

Oil drops 4%, under pressure from surprise U.S. crude and gasoline construction

Oil drops 4%, under pressure from surprise U.S. crude and gasoline construction

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant Join now for FREE unlimited access to Reuters.com Register U.S. crude and gasoline inventories rise unexpectedly – EIA OPEC+ decides on a small increase of 100,000 bpd in production … 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

Oil up 2% on supply worries ahead of OPEC+ meeting

Oil up 2% on supply worries ahead of OPEC+ meeting

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant Join now for FREE unlimited access to Reuters.com Register US House of Representatives Speaker Pelosi arrives in Taiwan Factories squeezed by higher prices, weak customer demand OPEC+ meets on … 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

Cryptoverse: Bitcoin beats the heat in July

Cryptoverse: Bitcoin beats the heat in July

A depiction of bitcoin virtual currency and a US one dollar banknote are seen in front of a stock chart in this illustration taken January 8, 2021. REUTERS/Dado Ruvic Join now for FREE unlimited access to Reuters.com Register Aug 2 (Reuters) – It’s been a good month for bitcoin – and we haven’t said it … Read more