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.

China’s Manufacturing Hits Six-Month Low as Economic Pressures Mount

China's manufacturing sector hit a six-month low in August as factory gate prices plummeted and manufacturers struggled to secure orders, according to an official...

Shanghai Pudong Development Bank Takes Full Control of Former Silicon Valley Bank Joint Venture

The Chinese joint venture of Silicon Valley Bank (SVB) is set to become a wholly owned subsidiary of Shanghai Pudong Development Bank (SPD) following...

Goldman Sachs to Cut Hundreds of Jobs in Annual Performance Review Process

Goldman Sachs is preparing to cut a few hundred jobs as part of its annual performance review process, targeting employees who have been identified...

Broader U.S. Stock Rally Signals Healthy Market Amid Upcoming Fed Decisions

A broadening rally in U.S. stocks is providing a positive signal for investors concerned about the heavy reliance on technology shares, as the market...

Artisan Partners Pressures Seven & i Holdings to Address Alimentation Couche-Tard’s Takeover Bid

U.S. fund Artisan Partners Asset Management has intensified its pressure on Japan's Seven & i Holdings, urging the board to provide an update on...

Hotels Transition to Digital Room Keys Amid Cybersecurity Concerns

In a bid to enhance security and convenience, many hotel chains are swiftly transitioning from traditional plastic room keys to digital alternatives, utilizing Apple...

Luxury Cannabis Retail Takes Root on New York’s Fifth Avenue

Cannabis consumption has found a new home on New York's iconic Fifth Avenue, where shoppers can now purchase high-end marijuana products alongside luxury items...

Explore Hollywood’s Iconic Studio Tours: A Behind-the-Scenes Experience

For over a century, Hollywood has captivated audiences worldwide, transporting them from the familiar streets of New York City to the fantastical land of...

Tech Giants Use Creative Strategies to Acquire AI Talent Amid Regulatory Scrutiny

Tech giants like Microsoft, Google, and Amazon are employing innovative strategies to acquire top talent from leading artificial intelligence startups. These companies are structuring...

Brazil’s Supreme Court Orders Nationwide Suspension of Elon Musk’s X Over Content Moderation Dispute

Brazil's Supreme Court issued a nationwide suspension of Elon Musk's social media platform X, formerly known as Twitter, on Friday. The order came after...

Best Buy Raises Profit Outlook After Beating Q2 Earnings and Revenue Expectations

Best Buy has raised its fiscal-year profit guidance after exceeding Wall Street's expectations for earnings and revenue in its most recent quarter. The retailer...

American Eagle Q2 Profit Soars Despite Missing Sales Targets, Raises Outlook for Third Quarter

American Eagle reported a nearly 60% increase in profit for its fiscal second quarter, despite missing Wall Street’s sales expectations for the second consecutive...

Gap Raises Profit Outlook After Strong Old Navy Performance in Q2

Gap Inc. has raised its full-year profit outlook after reporting better-than-expected second-quarter results, driven largely by strong performance at its Old Navy brand. The...

General Motors Rebrands BrightDrop Vans Under Chevrolet to Boost Sales and Accessibility

General Motors (GM) is rebranding its all-electric BrightDrop commercial vans under the Chevrolet name in a strategic move aimed at increasing sales, accessibility, and...

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