Apple hits record high after Buffett’s Berkshire increases stake
(Reuters) – Apple Inc’s stock hit an all-time high on Friday after Warren Buffett’s Berkshire Hathaway Inc disclosed it bought an additional 75 million shares of the iPhone maker in the first three months of the year.
Clayton Homes mimics Buffett approach as it grows
OMAHA, Neb. (Reuters) – Warren Buffett’s manufactured housing unit Clayton Homes is borrowing the playbook of Berkshire Hathaway Inc’s longtime chairman as it boosts its bet on a growing market for traditional site-built homes.
Apple leads Wall Street rally after choppy start on jobs report
(Reuters) – Apple and other technology shares led a rally on Wall Street on Friday morning, helping it shrug off a choppy start following the April jobs report.
Trump team demands China slash U.S. trade surplus by $200 billion, cut tariffs
WASHINGTON/BEIJING (Reuters) – The Trump administration has drawn a hard line in trade talks with China, demanding a $200 billion cut in the Chinese trade surplus with the United States, sharply lower tariffs and advanced technology subsidies, people f…
Musk calls move to snub Tesla analysts ‘foolish’
(Reuters) – Tesla Inc Chief Executive Officer Elon Musk said it was “foolish” of him to snub Wall Street analysts on a conference call after earnings on Wednesday. In a series of tweets on Friday, he claimed the two analysts he cut off in questioni…
Wall Street little changed after U.S. jobs report
(Reuters) – U.S. stock indexes were little changed on Friday in choppy trading after data showed weaker-than-expected U.S. jobs and wages growth in April, while unemployment rate dropped to a 17-1/2-year low.
When the U.S. goes it alone, what does the rest of the world do?
LONDON (Reuters) – Before the financial crisis hit more than a decade ago, the easy way to test the global outlook was to apply the maxim that when the U.S. sneezes the rest of the world catches a cold.
Free to play, expensive to love: ‘Fortnite’ changes video game business
(Reuters) – To see the storm that online video game “Fortnite” has unleashed on the world, just visit Jett Sacher in Brooklyn. The 13-year-old spends an hour or two every day on the game with his friends and is not afraid to spend his pocket money on i…
Insurers hit shift button despite Brexit grace period
LONDON (Reuters) – Lloyd’s of London, AIG, Allianz and other insurers are ignoring assurances and establishing new hubs in Britain and the European Union before Brexit in March 2019 to ensure access to customers.
Wall Street opens lower after U.S. jobs data
(Reuters) – U.S. stock indexes opened lower on Friday after data showed weaker-than-expected U.S. jobs and wages growth in April, while unemployment rate dropped to a 17-1/2-year low.
