Stock gains power higher Berkshire profit, Buffett presses on with stock buybacks

(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Saturday said stock market gains fueled a record quarterly profit, while the billionaire signaled investors are undervaluing his company by repurchasing another $9 billion of its stock.FILE PHOTO: Warren Buffett, chairman and CEO of Berkshire Hathaway, takes his seat to speak at the Fortune’s Most Powerful Women’s Summit in Washington October 13, […]

Read more

Berkshire Hathaway profit rises, helped by stock gains

FILE PHOTO: Warren Buffett, chairman and CEO of Berkshire Hathaway, takes his seat to speak at the Fortune’s Most Powerful Women’s Summit in Washington October 13, 2015. REUTERS/Kevin Lamarque/File Photo(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Saturday said quarterly operating income rose 14%, while soaring prices of stock holdings such as Apple Inc led to a higher overall profit. […]

Read more

Covid 19 coronavirus: Grant Robertson confirms business support packages

Finance Minister Grant Robertson has confirmed tonight that since the latest Covid-19 lockdown is more than seven days, business support now kicks in. It comes after a new Covid-19 case was detected in the community this afternoon. Auckland will go to alert level 3, while the rest of the country will go into level 2 for a week from 6am […]

Read more

Brazil Must Step Up Sustainability Efforts, Report Says

MEXICO CITY — Brazil must bolster efforts to build a more sustainable fashion supply chain amid claims of rising pollution and deforestation in its key cotton, polyester and viscose production process, according to a new report. The study, called “Fashion Threads: Systemic Perspectives for a Circular Fashion,” reveals that emissions from the country’s cotton farming and production chain, the world’s […]

Read more

Colorado labor department launches new dashboard for unemployment information

The Colorado Department of Labor and Employment on Friday launched a new online dashboard that provides the unemployed with information on computer system glitches that may affect payments, call center traffic, fraud holds and other problems that could impact benefits. The dashboard is the result of mounting tension among the state’s unemployed after a troubled new computer system combined with […]

Read more

Nasdaq finishes higher, tech stocks retrace some losses

NEW YORK (Reuters) – The tech-heavy Nasdaq index rallied in choppy trading on Friday, even as sentiment remained fragile after the index’s worst performance in four months the day before as fears of rising inflation kept U.S. bond yields near a one-year high.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in the Manhattan borough […]

Read more

Fanatics, Hillhouse Deal Seen Serving Fashion Fans in China

A Yankee cap is considered cool around the world and thanks to a new partnership between Fanatics and Hillhouse Capital, Chinese consumers will soon be able to buy the official licensed blue and white hat in their home country. Fanatics has created a 50-50 joint venture with Hillhouse, a leading Asian private equity fund, to bring its products to the […]

Read more

Nasdaq moves higher as tech stocks retrace some losses

NEW YORK (Reuters) – The tech-heavy Nasdaq index partly rebounded on Friday from its worst day in four months in choppy trading, even as sentiment remained fragile, with fears of a rise in inflation keeping U.S. bond yields near a one-year high.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in the Manhattan borough of […]

Read more

S&P hikes Deutsche Bank credit rating outlook to positive from negative

FILE PHOTO: The logo of Deutsche Bank is pictured on a company’s office in London, Britain July 8, 2019. REUTERS/Simon DawsonFRANKFURT (Reuters) – S&P said on Friday it had raised the credit-rating outlook of German lender Deutsche Bank to positive from negative, a vote of confidence as the bank undergoes a major overhaul. S&P’s move follows rosier outlooks from rating […]

Read more

Stocks try to recover from bond whiplash, dollar gains

NEW YORK (Reuters) – Global equity markets swooned on Friday, even as the Nasdaq and S&P 500 tried to recover and the bond rout eased a bit, but fears of rising inflation still weighed on sentiment as data showed a strong rebound in U.S. consumer spending. Shares of Amazon.com Inc, Microsoft Corp and Alphabet Inc edged up after bearing the […]

Read more
1 2 3 4 5 329