Ajit Jain, Buffett’s insurance leader for nearly 40 years, dumps more than half of Berkshire stake
The 73-year-old vice chairman of insurance operations sold 200 Berkshire Class A shares on Monday for roughly $139 million.
Microsoft to cut 650 jobs at its Xbox gaming unit — read the full memo from top exec Phil Spencer
Microsoft said Thursday that it is cutting 650 roles at its Xbox gaming division, in the latest major round of layoffs to hit the video game industry.
Navient reaches $120 million settlement with CFPB for misleading student loan borrowers
The CFPB sued Navient in 2017 for misleading borrowers and providing them with bad information.
Wholesale prices rose 0.2% in August, in line with expectations
The producer price index was expected to increase 0.2% in August, according to the Dow Jones consensus forecast.
UniCredit’s Andrea Orcel plays a bold hand, with Commerzbank in his sights
Speculation is rife over whether UniCredit’s surprise stake build in Commerzbank will lead to a takeover bid of the German lender.
Russia turns the tables on Ukraine, launching counterattacks to retake Kursk after incursion stalls
Russia appears to have launched a major counteroffensive to retake areas of its Kursk border region that were seized by Ukrainian forces in a bold incursion.
Tokyo says it ‘lodged a protest’ after North Korea fired missiles toward Sea of Japan
The launch came days after Kim Jong Un vowed to increase the country’s nuclear capabilities.
CNBC Daily Open: Moving past sticky core inflation
Stubborn core inflation means the Fed’s unlikely to slash rates by 50 basis points. Markets will cope.
Dutch neobank Bunq goes on hiring spree, targeting digital nomads, as other fintechs slash jobs
Bunq, the Dutch digital bank, told CNBC it plans to increase its global headcount by over 70% in 2024.
Asian chip-related stocks rally on renewed AI optimism after Nvidia CEO comments
Asian chipmaking heavyweights extended Wall Street’s rally as Nvidia CEO Jensen Huang made bullish comments about the AI darling’s outlook.
