News

Read Warren Buffett’s latest annual letter to Berkshire Hathaway shareholders

Warren Buffett released Saturday his annual letter to shareholders.

Berkshire operating earnings surge 71% in fourth quarter, cash hoard balloons to record $334 billion

Berkshire Hathaway reported fourth-quarter results on Saturday. The company's Class A shares popped more than 25% in 2024.

Walmart's worst week since 2022: Retailer's former U.S. CEO Bill Simon thinks Wall Street is getting earnings, tariff risks wrong

Walmart is coming off a tough week after delivering a slowing profit growth forecast.

Steve Cohen says tariffs and DOGE's cuts are negative for economy, market correction could be soon

The CEO of hedge fund Point72 turned bearish for the first time in a while due to punitive tariffs, immigration crackdown and federal spending cuts.

GameStop CEO Ryan Cohen hikes his personal stake in Alibaba to $1 billion, WSJ says

Cohen's sizable stake in Alibaba is a bullish bet on China's economic growth in the long run, The Wall Street Journal said.

Treasury sets March 21 deadline for millions of businesses to report ownership information or risk fines of $10,000 or more

The Treasury set a March 21 deadline to report "beneficial ownership information" after a Texas court lifted a block on enforcement.

Trump says his administration will check Fort Knox 'to make sure the gold is there'

A drive to audit Fort Knox has gained steam recently from comments by Elon Musk on X.

Fed officials are worried about tariffs' impact on inflation and see rate cuts on hold, minutes show

The Federal Reserve on Wednesday released minutes from its January meeting.

How the world's largest asset manager is using nearly $28 billion of acquisitions to reinvent itself

Over the past year, BlackRock has cut deals to buy infrastructure investment firm GIP, private credit manager HPS and data provider Preqin.

Bill Ackman raises bid for Howard Hughes, says he will turn it into ‘modern-day Berkshire’

Pershing Square's Bill Ackman hiked his takeover offer for Howard Hughes Holdings to create a "modern-day" Berkshire Hathaway.

A 20% S&P 500 'three-peat' is unlikely in 2025, market strategist says

The S&P 500 stock index has returned three consecutive years of 20% gains once in history, analysts said.

Fed Governor Bowman says more progress on inflation is needed before further rate cuts

The Fed official called for more progress on inflation before the central bank engages in further interest rate cuts.
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