Warren Buffett’s Berkshire Hathaway said it sold nearly half its Apple shares in the second quarter, helping boost its cash hoard to a record $276.94 billion, including cash equivalents.
A nearly single-minded focus by the Fed and White House on high inflation has given way to scrutiny of the state of the labor market, with heavy implications for the central bank’s decisions on where to set interest rates.
Leaders of some of the biggest companies see signs of trouble in the world’s two biggest economies, identifying a pullback in consumer spending in the U.S. and China.
Small businesses face steep increases in insurance costs, prompting them to make difficult decisions on how they run their operations in an effort to keep premiums from climbing.
Some are raising prices. Others are adopting stricter screening for job candidates, adding workplace safety training and weighing changes to employee healthcare coverage.
From McDonald’s to Mercedes-Benz, executives are saying that many consumers in China and the U.S. are pulling back on spending, but for different reasons.
Yuan strengthened in the morning Asian session, boosted by JPY carry-trade unwinding and USD weakness, analysts said.
The cybersecurity company says it isn’t to blame for the airline’s dayslong meltdown, calling it a “misleading narrative.”
A private gauge of China’s services sector signaled that activity expanded at a faster pace in July compared with a month ago, in contrast with the trend seen in official data.
The deal would be one of the largest of the year and could come together imminently.
The Nikkei Stock Average was recently down 6.2% at 33691.16 on Monday morning, following Friday’s 5.8% loss.
Some professionals are swapping out their work pants for something different this summer.
Information gathered from Medicare Advantage patients in their homes triggered extra payments. “It made me cringe,” said one nurse.
JGBs jumped across the curve in the morning Tokyo session, tracking sharp gains in U.S. Treasurys on Friday.
Gold fell in the early Asian session in possible profit-taking after gold futures reached a fresh record intraday high on Friday.
Oil rose in the early Asia session amid renewed Middle East tensions.
Japanese stocks may fall after disappointingly weak U.S. jobs data and the yen strengthening on Friday.
False information that spread online leads to some of the worst unrest in more than a decade.
Ending taxes on Social Security benefits would kill the chance of renewing his 2017 reform.
The Supreme Court rebuked her use of lawfare in California.
Deere & Co. layoffs follow the UAW’s blockbuster contract gains.
Hong Kong’s jailers are keeping the publisher in solitary confinement. He was arrested in 2020.
She is expected to name her running mate before a campaign rally Tuesday.
