Buffett’s Berkshire Hathaway hits $1 trillion market value, first U.S. company outside of tech to do so
The milestone came two days before Buffett’s 94th birthday.
OpenSea receives Wells notice from SEC, regulator says NFTs are securities
Crypto marketplace OpenSea has been added to the SEC’s list of targets, as the regulator extends its crackdown on the sector.
Super Micro shares fall 19% on filing delay, Hindenburg Research report
Shares of Super Micro fell after the company announced it will not file its annual report for the fiscal year on time.
Nokia phone maker launches Barbie handset for $130 — with no internet
HMD, the company behind Nokia-branded phones, launched a Barbie-branded phone Wednesday that comes with calls and texts — but no internet.
Disney, Reliance overcome cricket concerns to win approval for $8.5 billion India merger
Reliance-Disney aims to create India’s biggest entertainment player to compete with Sony, Netflix and Amazon with 120 TV channels and two streaming services.
Libya’s power divisions could once more fracture its oil output – as markets question for how long
A tussle over the Libyan central bank’s leadership has led the country’s eastern administration to declare the shutdown of key oilfields.
Shares of Abercrombie & Fitch plunge 15% after CEO warns of ‘increasingly uncertain environment’
Abercrombie & Fitch has become one of Wall Street’s biggest retail winners and the company plans to keep up the growth by expanding into international markets.
UK’s Starmer, Germany’s Scholz seek to strengthen ties in post-Brexit reset
U.K. Prime Minister Keir Starmer and German Chancellor Olaf Scholz met in Berlin on Wednesday for discussions about a bilateral agreement.
Foot Locker shares drop 10% despite first comparable sales growth in six quarters
Foot Locker has spent two years transforming its business, and it’s now seeing sales and margins expand, indicating its efforts are finally starting to work.
Goldman issues warning on how quickly market confidence has recovered from an August stocks slump
The speedy return of market confidence following a global sell-off in risky assets should be seen as a cause for concern, according to Goldman Sachs.
