Berkshire Hathaway profit surges as economy gives Buffett a boost

Berkshire Hathaway profit surges as economy gives Buffett a boost

(Reuters) – Berkshire Hathaway Inc (BRKa.N), the conglomerate run by billionaire Warren Buffett, on Saturday reported a 67 percent increase in quarterly operating profit, as insurance underwriting rebounded and several businesses benefited from a growing economy and improving demand. FILE PHOTO: Berkshire Hathaway shareholders walk by a video screen at the company’s annual meeting in […]

Meet the Company That Beat Apple to a $1 Trillion Market Cap

Meet the Company That Beat Apple to a $1 Trillion Market Cap

A lot of ink has been spilled about the market cap “race to $1 trillion.” Apple claimed the title yesterday, becoming the first U.S. publicly traded company to hit the 12-zero mark.  But you might be surprised to find that Apple is not the first company to achieve this distinction. Even more surprising: you’ve probably never heard […]

Yowza! Apple becomes a trillion-dollar company

Yowza! Apple becomes a trillion-dollar company

Apple CEO Tim Cook has overseen explosive growth at the iPhone maker.  James Martin/CNET It’s official. Apple on Thursday became worth over $1 trillion. Yes, that’s right, $1 trillion. As in $1,000,000,000,000.  Shortly before 9 a.m. PT on Thursday, Apple’s stock hit $207.05, giving it a market capitalization at that trillion-dollar mark. Apple — the […]

Starbucks battles its China sales slump with coffee delivery

Starbucks battles its China sales slump with coffee delivery

Starbucks wants customers in China to get their coffee anytime, anywhere. The Seattle coffee chain is teaming up with Chinese tech giant Alibaba to launch delivery services in September, the companies announced Thursday. The Alibaba (BABA) partnership “will reshape modern retail, and represents a significant milestone in our efforts to exceed the expectations of Chinese […]

Parasite Alert Issued for Salads Sold by Kroger, Walgreens, and Trader Joe's

Parasite Alert Issued for Salads Sold by Kroger, Walgreens, and Trader Joe's

Maybe the healthy choice might not be so healthy? Federal officials are warning American consumers not to buy more than two dozen types of salad and wraps sold by the Kroger supermarket chain, Trader Joe’s, and Walgreens because of concerns about a possible parasite contamination. The Department of Agriculture’s Food Safety and Inspection Service advised […]

LA Councilman Paul Koretz seeks a temporary ban on electric scooters

LA Councilman Paul Koretz seeks a temporary ban on electric scooters

“These types of bike-shares and scooter-shares can have a role in transportation, but it’s important that the city has a means of regulating them, and that the terms of operation are clear,” said Colin Sweeney, a spokesman for San Fernando Valley councilman Mitchell Englander, who seconded Koretz’s motion. Source link

Credit Suisse Returns on Horizon as Thiam Overhaul Nears End

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Uber's self-driving trucks division is dead, long live Uber self-driving cars

Uber's self-driving trucks division is dead, long live Uber self-driving cars

Uber is shuttering its self-driving trucks unit, a beleaguered program borne out of the company’s controversial multi-million acquisition of Otto nearly two years ago. The company said Monday that Uber Advanced Technologies Group will stop development of self-driving trucks and instead focus its efforts on self-driving cars. “We recently took the important step of returning to […]

The Pound Finally Has a Friend in Mark Carney

The Pound Finally Has a Friend in Mark Carney

Marcus Ashworth is a Bloomberg Opinion columnist covering European markets. He spent three decades in the banking industry, most recently as chief markets strategist at Haitong Securities in London. Read more opinion Follow @marcusashworth on Twitter Don’t accuse Mark Carney of being a currency manipulator (anymore).  True, the Bank of England Governor has something to […]