Charlie Munger says there isn’t the slightest chance Buffett traded own account to enrich himself
Berkshire Hathaway Vice Chairman Charlie Munger pushed back against a ProPublica report about Warren Buffett’s personal trading.
Pedro Sanchez secures another term as Spain’s prime minister, set to form government
Sanchez’ investiture follows two failed attempts of right-wing opposition leader Alberto Núñez Feijóo to gain parliamentary support.
Alibaba’s Hong Kong shares drop 10% after it shelves cloud spinoff, citing U.S. chip restrictions
Shares of Chinese e-commerce giant Alibaba slid after it announced it would not proceed with the full spinoff of its cloud group.
Mars’ $662 million acquisition bid sends shares of Britain’s Hotel Chocolat soaring 160%
U.S. food giant Mars said Thursday that it will buy British chocolatier Hotel Chocolat for £534 million as the brand seeks to boost its international presence.
Morgan Stanley CEO says his firm is ready for ‘Basel III endgame’ — the sweeping new global rules on banking
Eventual 2, 3% inflation in the U.S. is “very acceptable” outcome, given the conditions that the Federal Reserve had to grapple with.
Burberry shares sink 9% as luxury spending slowdown bites
Burberry shares plunged 9% on Thursday after the British luxury fashion retailer warned that full-year operating profit will come in at the low end of forecasts
Russia says it’s ‘destroying’ Ukrainians that crossed into occupied territory, vowing to inflict ‘hell’ on them
Fierce fighting has erupted between Russian forces and Ukrainian units that crossed over the Dnieper River to the Russian-occupied eastern bank of the river.
European stocks lower; Siemens up 6% on earnings, Burberry down 8% as luxury spending slowdown bites
European markets were lower on Thursday amid a cooling of the positive sentiment seen earlier in the week after the release of positive data from the U.S. and China.
CNBC Daily Open: Rate cuts might not be in the cards despite cooling inflation
After a very encouraging consumer price index reading on Tuesday, we have more evidence that inflation’s truly cooling. But don’t expect rate cuts soon.
Siemens beats earnings forecasts, says sales growth to slow in 2024
Siemens on Thursday posted a 10% rise in revenue growth for its fiscal fourth quarter to a record high of 21.4 billion euros ($23.2 billion), beating forecasts.
