Presenting the latest essential news updates to guide investors at the beginning of their trading day: 1. The Dow’s Speed Bump Stock futures experienced a decline on Thursday, following the drop in the three major U.S. indexes after Fitch downgraded the U.S. credit rating. The tech-heavy Nasdaq
Shipping containers are being loaded onto rail cars at the Global Container Terminals Vanterm container terminal on Vancouver Harbour in Vancouver, British Columbia, Canada. Bloomberg | Bloomberg | Getty Images Members of the International Longshore and Warehouse Union (ILWU) of Canada have voted to ratify the second tentative agreement with West Coast port ownership, bringing …
Warren Buffett takes a tour of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska. Photo: David A. Grogan | CNBC Berkshire Hathaway reported strong second-quarter operating earnings, with Warren Buffett’s conglomerate now holding a cash hoard of nearly $150 billion. The company’s operating earnings, which include profits from various businesses such as insurance, railroads, …
Warren Buffett dismissed Fitch’s U.S. credit rating downgrade, stating that it has no impact on the current activities of his conglomerate, Berkshire Hathaway. He emphasized that Berkshire recently purchased $10 billion in U.S. Treasurys and plans to continue investing in Treasury bills. Despite valid concerns about fiscal deterioration and debt, Buffett remains confident in U.S. …
Warren Buffett, the esteemed chairman and CEO of Berkshire Hathaway, exudes joy as he engages in a game of bridge during the annual shareholders meeting in Omaha, Nebraska on May 5, 2019. Nati Harnik | AP Berkshire Hathaway, led by Warren Buffett, has significantly reduced its stake in Activision Blizzard as Microsoft’s acquisition of the …
People walk past the New York Stock Exchange (NYSE) on July 12, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter …
Warren Buffett pictured before the Berkshire Hathaway Annual Shareholder’s Meeting in Omaha, NE. David A. Grogan | CNBC Berkshire Hathaway Energy has reached an agreement to acquire a 50% stake in the Cove Point liquefied natural gas facility for $3.3 billion in cash. Warren Buffett’s prominent energy and utility division purchased the stake from Dominion …
An image of Warren Buffett at the Berkshire Hathaway Shopping Day, May 5, 2023. Yun Li | CNBC Renowned business tycoon Warren Buffett, known for his astute investment strategies, has showcased his whimsical side by acquiring companies that produce products he personally enjoys, such as Dairy Queen and See’s Candies. One of his recent acquisitions …
A strike has officially begun among port workers in Western Canada, a move that could have far-reaching effects beyond Canada. The International Longshore & Warehouse Union Canada’s Longshore Division announced the labor strike in a Facebook post signed by union president Rob Ashton. Over 99% of union members voted in favor of the strike last …
Warren Buffett, the esteemed chairman and CEO of Berkshire Hathaway, exudes happiness as he indulges in a game of bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Nebraska on May 5, 2019. Nati Harnik | AP Warren Buffett, the renowned investor, has once again made his annual donations to five different foundations, taking …