Warren Buffett’s strategic moves: Why Berkshire Hathaway’s cash pile has hit record highs
Thought of by many as the most influential investor of our time, Warren Buffett has recently made significant adjustments to Berkshire Hathaway’s investment portfolio.
Warren...
Apple reports mixed fourth-quarter performance
Apple reported mixed fourth-quarter performance. Revenue and earnings per share beat what Wall Street expected, but net income took a hit from one-time $10.2...
Alphabet reports 15% revenue growth and a 34% surge in net income
Google's parent company, Alphabet Inc., smashed Wall Street expectations for the third quarter, reporting 15% revenue growth and a 34% surge in net income.
According...
Philips lowered its 2024 sales growth forecast
Koninklijke Philips N.V. is adjusting expectations after a rough quarter marked by declining demand in China. The health-tech company lowered its 2024 sales growth...
China’s industrial profits declined in September
China’s industrial sector had a difficult September, with profits plunging by 27.1% compared to the same month in 2023. The drop marks the worst...
Existing home sales in the US fell by 1% in September
Existing home sales in the US fell by 1% in September from the previous month to a seasonally adjusted annual rate of 3.84 million...
Disney appoints James Gorman as new Chairman amid leadership transition
The Walt Disney Company announced significant leadership changes on Monday.
The conglomerate will appoint James Gorman, former CEO of Morgan Stanley, as Charman of the...
Global public debt in 2024 is expected to reach over $100 trillion, IMF warns
Global public debt in 2024 is expected to reach over $100 trillion (about 93% of global GDP), according to the IMF. By 2030, the...
Boeing workers to vote on new proposal offering 35% pay rise over four years
Boeing workers on the West Coast have been on strike since last month after rejecting a deal that would have given them a 25%...
US makes canceling subscriptions eaiser for consumers with “click to cancel rule”
In what many consider a huge win for consumers, the US Federal Trade Commission (FTC) has made canceling subscriptions easier.
The new "click to cancel...