Business

Berkshire Shares Hit Highest Since Abel Took Over After Buybacks and Strong Earnings

Berkshire Hathaway shares rose to their highest since Greg Abel replaced Warren Buffett as CEO, lifted by stock buybacks and strong quarterly earnings.

Trump Extends Jones Act Waiver 90 Days as Strait of Hormuz Remains Closed

President Trump extended a Jones Act waiver for 90 days, letting foreign ships move oil and fertilizers between U.S. ports as the Strait of Hormuz stays cl

Berkshire Shares Hit Highest Since Abel Took Over After Buybacks and Strong Earnings

Berkshire Hathaway shares rose to their highest since Greg Abel replaced Warren Buffett as CEO, lifted by stock buybacks and strong quarterly earnings.

Rocket Lab Flags Weaker Margins as Satellite Sales Grow and Neutron Costs Mount

Rocket Lab forecast weaker quarterly margins as lower-profit satellite sales and Neutron rocket costs weigh, while outlining plans to expand in Europe.

Trump Media Posts $238 Million Quarterly Loss, Pivots Back to Social Media Focus

Trump Media reported a $238 million second-quarter loss and announced plans to abandon crypto and betting ventures to refocus on its Truth Social platform.

Nvidia Faces DOJ Antitrust Probe Amid Concerns Over AI Market Dominance

Nvidia, the leading player in artificial intelligence (AI) chip technology, is facing increased scrutiny from the U.S. Department of Justice (DOJ), which has deepened...

Japan’s Service Sector Sees Continued Growth in August Despite Global Economic Concerns

Japan’s service sector maintained its expansion in August, with activity bolstered by a rise in overseas sales, according to the latest survey data. The...

China’s Services Sector Growth Slows in August Amid Rising Costs and Weak Demand

Growth in China's services sector decelerated in August, despite the summer travel season, as companies faced mounting concerns over rising costs, according to a...

Global Housing Prices to Rise Modestly Amid Expectations of Lower Mortgage Rates

House prices across most major markets are expected to rise modestly in 2024 and 2025, as lower mortgage rates are anticipated to improve affordability...

Volvo Cars to Begin Deliveries of EX90 SUV After Extended Delays

Volvo Cars has announced that it will begin delivering its highly anticipated EX90 SUV to customers before the end of this month, following a...

Volkswagen Faces Workforce Tension Over Proposed Factory Closures Amid Cost-Cutting Drive

Volkswagen’s management is preparing for a tense meeting with its workforce as it outlines plans for significant cost-cutting measures, including potential factory closures in...

Nvidia Suffers Record Single-Day Loss as AI Optimism Dims Amid Market Selloff

Nvidia's shares plunged 9.5% on Tuesday, wiping out $279 billion in market value—the largest single-day loss for a U.S. company—amid a broader market selloff...

NBCUniversal’s Olympic Strategy Boosts Peacock and Drives Record Viewership

NBCUniversal's focus on the 2024 Paris Olympics has proven successful, delivering impressive results for both traditional TV and its streaming platform, Peacock. More than...

NFL Team Owners Face Estate Planning Challenges Amid Rising Values and Estate Taxes

As NFL team values surge into the billions, aging team owners are facing new challenges in managing their estates and ensuring smooth transitions to...

Tesla Cybertruck: A Bold Experiment or the Future of Trucks?

The Tesla Cybertruck has quickly made headlines, stirring a wide range of reactions from both fans and critics. Descriptions like “spaceship” and “UFO” are...

Record-Setting NFL Betting Expected to Surge in 2024 Despite Lagging Gambling Stocks

As the NFL season kicks off, U.S. sports betting is projected to reach a record $35 billion this year, marking a 30% increase from...

Steph Curry’s Post-Basketball Plans: Team Ownership and Business Ventures

Four-time NBA Champion Steph Curry is already preparing for life beyond the basketball court. At 36, Curry is not only one of the most...

South Korea’s Export Growth Slows in August Amid Weaker Demand for Semiconductors

South Korea's export growth continued for the 11th consecutive month in August, but the pace of expansion slowed as demand for key products like...

China’s New Home Prices See Slower Growth in August Amid Property Sector Struggles

New home prices in China experienced slower growth in August, reflecting the ongoing challenges in the nation’s beleaguered property sector. According to a private...

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