Month: December 2024
Warren Buffett’s Berkshire is having its best year since 2021 despite a buyback freeze and stock-selling spree
Warren Buffett’s Berkshire Hathaway is wrapping up a particularly strong year, even as the Oracle of Omaha paused buybacks and sold chunks of top holdings before their big rallies. Class A shares of the Omaha-based conglomerate have climbed 27% in 2024, slightly outperforming the S & P 500. Berkshire, whose shares have exceeded the $700,000 […]
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Trump team wants to scrap car-crash reporting rule that Tesla opposes
Car transporters are loaded with new Tesla Model Y electric vehicles at the Tesla Gigafactory Berlin-Brandenburg site. Patrick Pleul | Picture Alliance | Getty Images The Trump transition team wants the incoming administration to drop a car-crash reporting requirement opposed by Elon Musk’s Tesla, according to a document seen by Reuters, a move that could […]
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Iran currency slips to new lows amid U.S., Europe tensions
A briefcase filled with Iranian rial banknotes sits on display at a currency exchange market on Ferdowsi street in Tehran, Iran, on Saturday, Jan. 6, 2018. Ali Mohammadi | Bloomberg | Getty Images The Iranian currency extended its fall on Saturday, hitting a new all-time low against the U.S. dollar amid uncertainties about Donald Trump’s […]
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South Korea’s acting president moves to reassure allies, calm markets after Yoon impeachment
A protester holding a cardboard reading “Leader of insurgents” on an image depicting the face of South Korea’s President Yoon Suk Yeol takes part in a protest calling for his ouster outside the National Assembly in Seoul on December 8, 2024. Philip Fong | Afp | Getty Images South Korea’s acting president, Han Duck-soo, moved on Sunday […]
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Many New Jersey drones sightings are ‘manned aircraft being misidentified as drones,’ FBI says
A drone or SUAV, Small Unmanned Aerial Vehicle. Richard Newstead | Moment | Getty Images The FBI and Department of Homeland Security said on Saturday that ongoing investigations around reported drone sightings over New Jersey have found “many of the reported drone sightings are, in fact, manned aircraft being misidentified as drones.” The investigations have also found no evidence that […]
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ABC agrees to give $15 million to Donald Trump’s presidential library to settle defamation lawsuit
ABC News Anchor George Stephanopoulos Paula Lobo | ABC | Getty Images ABC News has agreed to pay $15 million toward Donald Trump’s presidential library to settle a lawsuit over anchor George Stephanopoulos’ inaccurate on-air assertion that the president-elect had been found civilly liable for raping writer E. Jean Carroll. According to settlement documents made […]
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Invesco launches ETF to maximize on the tech concentration craze
ETF Edge Invesco launches ETF to maximize on the tech concentration craze Published Sat, Dec 14 202411:00 AM EST Krysta Escobar WATCH LIVE Source
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Why fast-food companies like KFC and Chick-fil-A are betting on chicken tenders again
Fast-food companies like Yum! Brands’ KFC and McDonald’s are getting back into chicken tenders as a way to attract consumers with a low-risk, high-reward bet on a familiar favorite. Nearly half of all fast-food restaurants served the chicken item as of the third quarter, up 5.7% from the same period in 2019, according to […]
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A decade ago, she took over a struggling chipmaker—now she’s worth $1 billion: ‘Everything takes time’
When Lisa Su became CEO of Advanced Micro Devices (AMD) a decade ago, it hardly resembled a multibillion-dollar company. AMD stock was languishing around $3 per share. The company had cut about 25% of its staff, according to Time. But under Su’s leadership, the chipmaker has flourished: Today, AMD has a market cap of $205.95 billion […]
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