Berkshire Hathaway’s cash fortress tops $300 billion as Buffett sells more stock, freezes buybacks
The Omaha, Nebraska-based conglomerate saw its cash fortress swell to a record $325.2 billion by the end of September.
Warren Buffett continued to sell down his Apple stake, cutting about a quarter in the third period
The Oracle of Omaha downsized Apple — his biggest equity holding — for a fourth quarter in a row.
Google’s cloud outpaces rivals in third quarter as AI battle heats up
One takeaway from tech earnings reports this week is that Google’s cloud business is gaining momentum.
UK’s Conservatives name Kemi Badenoch as new leader, shifting the party further to the right
The U.K.’s opposition Conservative Party on Saturday named its new leader, following a long-drawn-out runoff after the Tories’ landslide electoral defeat marked a moment of reckoning.
House Speaker Johnson says GOP may try to repeal CHIPS Act, then walks it back
The White House has credited the CHIPS Act for spurring hundreds of billions of dollars of investments as well as hundreds of thousands of jobs.
North Korea boasts of ‘the world’s strongest’ missile, but experts say it’s too big to use in war
The ICBM launched Thursday flew higher and for a longer duration than any other weapon North Korea has tested.
Ukraine’s Zelenskyy urges allies to stop watching, start acting on North Korea
Zelenskyy said Ukraine had pinpointed every location where North Korean soldiers were posted in Russia.
China eases rules for foreign investment in listed companies
The asset threshold for non-controlling foreign investors has been lowered, now requiring $50 million instead of $100 million.
Nvidia to join Dow Jones Industrial Average, replacing rival chipmaker Intel
Nvidia is replacing Intel in the Dow Jones Industrial Average, a shakeup that reflects a massive change in the semiconductor industry.
10-year Treasury yield rises above 4.3% as traders ignore noisy jobs report
The 10-year Treasury yield rose higher Friday. The October jobs report showed muted job growth in a month that included hurricanes and a major strike.
