Buffett’s billions in cash turn from stock drag to Berkshire bull case with yields topping 4%
Berkshire Hathaway saw interest and other investment income increase $256 million in the third quarter, marking a 181.6% jump from a year ago.
Feds announce seizure of $3.36 billion in bitcoin stolen a decade ago from illegal Silk Road marketplace—the second-largest crypto recovery
James Zhong, of Gainesville, Georgia, pleaded guilty Friday to wire fraud in the theft of about $3.36 billion in bitcoin from the illegal Silk Road marketplace.
Why technology spending will rise even as tech stocks tank and layoffs mount
Companies that spend on technology during downturns historically outperform in recoveries. Covid accelerated spending, but the long-term trend won’t change.
Jailed British-Egyptian activist escalates hunger strike by refusing water as COP27 gets underway
Jailed British-Egyptian activist Alaa Abdel-Fattah has stopped drinking water in a desperate attempt to push Egypt to allow him U.K. consular access.
We’re on a ‘highway to climate hell,’ UN chief Guterres says, calling for a global phase-out of coal
Antonio Guterres’ comments came during a speech at the COP27 climate change summit in Sharm el-Sheikh, Egypt.
EU says it has serious concerns about Biden’s Inflation Reduction Act
The European Union has “serious concerns” about the U.S. Inflation Reduction Act, saying it breaches international trade rules, according to an official document seen by CNBC.
Airlines face fragile winter, Ryanair CEO says after record summer profits
Ryanair posted record summer profits, but adverse developments in Ukraine or with Covid-19 make the sector fragile, airline CEO Michael O’Leary warned.
Ukraine in danger of running out of air defenses as Russia launches relentless drone attacks
Russia has bombarded Ukraine over recent weeks with a tide of cheap Iran-supplied drones which are destroying the country’s energy infrastructure.
Goldman Sachs says China is still ‘months away’ from reopening
Goldman Sachs says China is still ‘months away’ from reopening
Brace for ‘mass attacks’ on power grid, Zelenskyy says; Kyiv’s residents told to prepare to evacuate
Ukraine’s President Volodymyr Zelenskyy warned Sunday night that civilians should be prepared for more attacks on the country’s energy infrastructure.
