Warren Buffett says Wells Fargo made ‘big mistakes’
Billionaire Warren Buffett, whose Berkshire Hathaway Inc is Wells Fargo & Co’s largest shareholder, on Saturday signaled no shift in his support for the bank despite several scandals it has faced.
Berkshire swings to big profit; Buffett laments Kraft Heinz
Warren Buffett’s Berkshire Hathaway Inc on Saturday said gains in its stock investments fueled a big first-quarter profit, while improved results from its Geico auto insurer and BNSF railroad units boosted operating results.
Buffett’s Berkshire swings to big profit as stocks gain
Warren Buffett’s Berkshire Hathaway Inc on Saturday swung to a big quarterly profit, bolstered by gains in its stock investments, and also posted a small increase in operating earnings.
Berkshire shareholders seek Warren Buffett’s wisdom at annual meeting
Tens of thousands of shareholders of Berkshire Hathaway Inc will gather in Omaha this weekend to hear life advice from billionaire Warren Buffett, but they also will look for clues on what he plans to do with his company’s cash.
Two Exxon shareholders to withhold support for directors over climate change response
Two Exxon Mobil Corp shareholders said on Friday they would withhold their support for the re-election of all ExxonMobil directors at the company’s annual meeting due to the U.S. oil major’s “inadequate response” to climate change.
U.S. rejects Tesla bid for tariff exemption for Autopilot ‘brain’
U.S. trade officials rejected Tesla Inc’s bid for relief from President Donald Trump’s 25-percent tariffs on the Chinese-made Autopilot “brain” of its Model 3 and other electric vehicles, one of more than 1,000 product denials linked to China’s industr…
U.S. job growth surges; unemployment rate drops to 3.6 %
U.S. job growth surged in April and the unemployment rate dropped to the lowest in nearly half a century, pointing to sustained strength in economic activity even as last year’s massive stimulus from Republican tax cuts and spending increases fades.
U.S. rejects Tesla bid for tariff exemption for Model 3 ‘brain’
U.S. trade officials rejected Tesla Inc’s bid for relief from President Donald Trump’s 25 percent tariffs on the Chinese-made computer “brain” of its Model 3 electric vehicles, one of more than 1,000 product denials linked to China’s industrial develo…
Ride-hailing drivers in New York to strike ahead of Uber IPO
Uber Technologies Inc’s drivers in New York will go on strike next week shortly before the ride-hailing company goes public to protest what they view as unfair employment conditions, a taxi union said on Friday.
Wall St. climbs as jobs data supports upbeat economic outlook
U.S. stocks rose in a broad-based rally on Friday as stronger-than-expected job growth in April coupled with muted wage gains left investors upbeat about the outlook for the economy and interest rates.
