Finance

What's happening at Berkshire Hathaway's annual meeting 2019

This time, a different investment manager at Berkshire Hathaway took a position in Amazon-not Buffett. Teenois said he wants to "soak in everything I can an...


HSBC beats estimates with 31% first-quarter profit rise as costs decline

Adjusted pretax profit was US$6.35 billion, versus the US$5.69 billion consensus estimate of 16 analysts compiled by the bank. HSBC's investment bank, which s...


Sinclair Poised To Buy Fox Sports Ohio, 20 Other Fox Regional Networks

The New York Yankees chose to buy back their network from the group, removing a crown jewel that's valued at about $4 billion. The networks include local cable ...


Tesla's $2 bln capital raise repeats sins of past

Analysts have been predicting for months that Tesla would need to raise funds for its expansion plans, which include the construction of a factory in Shanghai, ...


Tyson Foods expands recall of frozen chicken strips for metal contamination

The frozen, ready-to-eat chicken strips were produced between October 1, 2018 through March 8, 2019 and have "Use By Dates" of October 1, 2019 through March 7, ...


Microsoft announces new AI and blockchain services

Cognitive Search, which uses machine learning to enable searching across disparate data types (such as OCR-scanned images, PDFs, and handwritten notes) is being...


The Market Was Hungry For Beyond Meat's IPO (NASDAQ:BYND)

The California-based firm, which sells meat-like vegetarian burgers and plant-based alternatives to staple mealtime meats, opened at $46 a share and soared as h...


US joblessness at 3.6%, lowest since 1969

A tightening labor market should pressure employers to increase wages but until recently workers have not seen their pay rise. The non-farm payrolls figure ...


Berkshire Hathaway share price: 3 things to expect from Q1 results

Shares in Amazon , which have more than doubled since the start of 2017, rose more than 3 per cent in early trading on Friday. Buffett said the purchase was ...


Activision Announces Better-Than-Expected Results for First Quarter of 2019

Cloud gaming is poised to potentially be the Next Big Thing for gaming, and one of the companies that stands to benefit the most is Activision Blizzard , accor...


Amazon Launches Its First Middle East E-Commerce Website

Customers with existing Souq accounts can automatically sign into Amazon .ae with their Souq .com credentials to begin using the new site . It's payd...


The big changes coming to Facebook and WhatsApp

Because while Facebook may be adapting to a world in which its users would rather share privately anyway , it still has boatloads of data on you and billions...


Wall Street pauses after record run as Alphabet tumbles

Alphabet, which also owns YouTube, reported $36.3bn (£28bn) in sales for the first quarter, below expectations of $37.33bn. San Francisco - Shares of Google...


Chase Bank’s odd financial shaming gets torched on Twitter

A tweet from Chase was meant to encourage customers to save more money, but ended up badly missing the mark. Warren was quick to remind Chase that its parent...


Apple's upbeat forecast allays fears over declining iPhone sales

Apple also gave strong revenue guidance for the third quarter. That leaves it trailing Microsoft in the race to be the world's biggest company by market val...


Tesla raising $2.3 billion after money-losing first quarter

Tesla attributed the slowdown to challenges associated with taking the Model 3 to China for the first time. The market, however, will likely be unsure of how ...


China April Factory Growth Unexpectedly Slows as Economy Struggles for Traction

Services account for more than half of China's economy, and rising wages have increased Chinese consumers' spending power. However, the Australian Dollar's ...


Berkshire Hathaway commits to US$10bn equity investment in Occidental

Chevron recently stated that opting to continue with the deal will be the best option for Anadarko as it would provide the best value to the company's sharehold...


Iran continues to export oil despite United States sanctions

Prices closed $0.41 higher at $63.91/bbl on Tuesday. In comments on April 24, Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei said the US' attem...


Marriott to expand into luxury home-sharing

Marriott may be expanding into the home rental business. Individuals with knowledge of the situation also stated that other major hotel chains such as Hilton Wo...


Trump calls for rate cut as Fed meeting starts

While expected, the news will come as a disappointment to Trump, who wanted the Fed to lower interest rates to super charge the economy. There was no indica...


Amazon partners with Ford to deliver packages inside customer's cars

The technology lets drivers open a auto boot using keyless entry, in a similar way to the existing Amazon Key service for homes - in which packages can be lef...


How Venezuelan opposition envisions ousting Maduro from power

Guaido said he was at the Caracas airbase La Carlota. "(Prosecutors) will launch criminal prosecutions for the serious crimes that have been committed against...


Vodafone Italy found "hidden backdoors" in Huawei equipment years ago

This is despite the USA wanting the United Kingdom and its other allies in the "Five Eyes" intelligence grouping - Canada, Australia and New Zealand - to exclud...


Military truck runs over protesters in Venezuela amid political unrest

Lopez has been under house arrest by Maduro but said he was "freed" by soldiers supporting Guaido. The streets of Caracas, Venezuela have turned into chao...


US to ensure adequate oil supplies in global market: Mike Pompeo

However, last week, Trump announced the USA government's intentions to impose full sanctions on Iranian oil exports, fueling concerns of a dip in oil supply in ...


Spotify announces it has 100 million paid users worldwide

The growth was driven, among other things, by "a better-than-planned promotion in the us and Canada". At least it's less than last year's Q1 when Spotify lost...


Google parent struggles with mobile clicks, YouTube changes, shares down 7%

Google's 3 billion users help make it the world's largest seller of internet ads, capturing almost a third of all revenue, according to research firm EMarketer...


Burger King plans to take its new fake-meat Whopper nationwide

The trial run started out in St. Louis, then spread to a total of 58 locations in Missouri and IL, according to Impossible Foods, before Burger King made the ...


Scandinavia's SAS looking at ways to end pilot strike

It affected most domestic flights, as well as SAS European and Intercontinental flights. "There is a dedicated page for all information concerning traffic disru...


PepsiCo proposes settlement to sued potato farmers

At a hearing held in Ahmedabad court in Gujarat state Friday, the company submitted that the matter can be resolved if the farmers stop using the registered...


'I'M MAD': Scandinavian Airlines strike grounds 72,000 travellers

According to SAS , about 70 percent of the company's flights are affected. The Stockholm-based carrier said talks on a new collective bargaining agreement w...


Ford invests £388m in electric vehicle start-up Rivian

The new Ford model will use Rivian's skateboard platform , which underpins the likes of the recently revealed five-seat R1T pickup and seven-seat R1S SUV ...


Trump ends sanctions waivers to deprive Tehran of oil lifeline | Jareer Elass

All this is to say that the loss of Iranian oil due to sanctions would be a major blow to the fast-developing subcontinent. The Trump administration is poised...


Apple recalls some plug adapters over safety fears

These wall plug adapters were shipped with Mac and certain iOS devices between 2003 and 2010. Customers who own them are asked to stop using them immediat...


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