News

Jamie Dimon on Capital One's $35.3 billion Discover acquisition: 'Let them compete’

Dimon acknowledged that if regulators approve the Capital One-Discover deal, his bank will be eclipsed as the nation's biggest credit-card lender.

Major airlines raised fees for checked bags. Here are 7 ways to cut costs

Alaska Airlines, American Airlines, JetBlue Airways and United Airlines increased checked-bag fees in 2024. There are ways for travelers to cut those expenses.

Berkshire shares jump after big profit gain as Buffett’s conglomerate nears $1 trillion valuation

The Omaha-based conglomerate on Saturday posted strong fourth-quarter operating earnings of $8.481 billion, about 28% higher than the $6.625 billion from the year-ago period

After doubts about Alibaba's future, co-founder Joe Tsai says: 'We're back'

Chinese e-commerce giant Alibaba is back on track to be a top market player after a period of pressure, co-founder Joe Tsai told CNBC's Emily Tan.

Xiaomi bets big on its new electric vehicle — targets 20 million premium users

Xiaomi is putting a premium price on its first electric car because it already has about 20 million users in that segment, Group President Weibing Lu told CNBC.

This shift in the Treasury market may set investors up for solid gains

Two market experts tackle investors' renewed appetite toward intermediate-term Treasury bonds.

Warren Buffett says Berkshire may only do slightly better than the average company due to its sheer size

Warren Buffett said his sprawling conglomerate may only slightly outperform the average American company due to its sheer size.

Warren Buffett calls the late Charlie Munger 'part older brother, part loving father' in heartfelt tribute

In his must-read annual letter Saturday, the 93-year-old "Oracle of Omaha" detailed Munger's instrumental role in helping him expand his conglomerate.

Read Warren Buffett's 2024 annual letter to shareholders

In it, he renders a tribute to his longtime friend and right hand man Charlie Munger, who died late in 2023.

Berkshire Hathaway operating earnings jump 28% in the fourth quarter, cash pile surges to record

The Omaha-based conglomerate posted operating earnings of $8.481 billion in the quarter ending December.

Credit card interest rates are at record highs. Cards have 'never been this expensive,’ CFPB says

Credit card APRs are at all-time highs. One reason: Issuers appear to be raising their profit margins, according to the Consumer Financial Protection Bureau.

German central bank losses soar, wiping out risk provisions

Net interest income was negative for the first time in its 57-year history, declining by 17.9 billion euros year-on-year.
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