Warren Buffett has been selling stocks including Chevron and hoarding a record level of cash
Thanks to a surge in bond yields, Berkshire’s cash, which was mainly parked in short-term Treasury bills, grew to a record level of $157.2 billion.
The market just triggered a rare signal that has meant higher returns a year later 100% of the time
The Zweig Breadth Thrust indicator on Friday flashed a buy signal for only the 18th time since 1945.
LVMH buys eyewear brand Barton Perreira as it looks to rebound from luxury slowdown
LVMH is buying Barton Perreira as it expands its portfolio in the growing luxury eyewear space and tries to rebound from a recent downturn.
Bosch, SAP and others back Europe’s answer to OpenAI with $500 million of fresh funds
Aleph Alpha, which has built its own large language models, raised $500 million in a series B round backed by Bosch, SAP and Hewlett Packard Enterprise.
Citigroup considers deep job cuts for CEO Jane Fraser’s overhaul, called ‘Project Bora Bora’
Citigroup CEO Jane Fraser may preside over some of Wall Street’s deepest job cuts in years as she faces mounting pressure to fix the third-largest U.S. bank.
Klarna, Europe’s $6.7 billion buy now, pay later firm, sets wheels in motion for eventual IPO
Buy now, pay later firm Klarna has begun a legal entity restructuring to set up a new holding company in the U.K., as a precursor to an eventual IPO.
Warren Buffett keeps selling BYD. Why some analysts still say it’s a buy
Warren Buffett’s Berkshire Hathaway has more than halved its stake in Chinese electric car stock BYD over the last 18 months, filings show.
Aid trickles in to Nepal villages struck by earthquake as survivors salvage belongings from rubble
Aid trickled into villages Monday in Nepal’s northwest mountains flattened by a strong earthquake over the weekend as villagers searched through the rubble.
European markets close lower after choppy start to week; Ryanair gains on dividend announcement
European markets closed lower Monday as positive momentum from last week stuttered.
‘Wet from head to toe’: Russian morale dips as winter nears; Putin reportedly set to run in 2024 election
Russia’s Ministry of Defense released a video Sunday appearing to show a nuclear-capable ballistic missile being test-fired from a new nuclear submarine.
