Month: May 2025
Trump posts AI-generated photo of himself dressed as the pope
Zoom In IconArrows pointing outwards U.S. President Donald Trump’s Truth post in papal attire Courtesy: The White House via X, formerly Twitter Trump attended Pope Francis’ funeral in Rome last weekend, during which he also met with Ukrainian President Volodymyr Zelenskyy. On Tuesday, days after returning from Francis’ funeral, Trump joked to reporters outside the […]
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Warren Buffett knocks tariffs and protectionism: ‘Trade should not be a weapon’
OMAHA, Nebraska — Warren Buffett on Saturday criticized President Donald Trump’s hardline trade policy, without naming him directly, saying it’s a big mistake to slap punitive tariffs on the rest of the world. “Trade should not be a weapon,” Buffett said at Berkshire Hathaway‘s shareholder meeting, an annual gathering in front of thousands in Omaha, Nebraska. […]
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Warren Buffett kicks off Berkshire annual shareholder meetingBerkshire investors want Buffett’s guidance on tariffs60 years at Berkshire: ‘Woodstock for Capitalists’ over the decadesSee the Buffett Squishmallows and the giant claw machine Source
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Berkshire Hathaway operating earnings drop more than expected as Buffett warns of tariff uncertainty
Key Points Operating earnings, which include the conglomerate’s fully owned insurance and railroad businesses, fell 14% to $9.64 billion during the first three months of the year. Much of that decline was driven by a 48.6% plunge in insurance-underwriting profit. Berkshire said President Donald Trump’s tariffs and other geopolitical risks created an uncertain environment for […]
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Follow all of Warren Buffett’s key comments at the Berkshire annual meeting
Attendees line up early, race for seats Attendees line up for the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. Yun Li | CNBC Shareholders began lining up in the early morning hours for a shot at the best seats in Omaha’s CHI Health Center. Attendees near the front told CNBC […]
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Trade fight is an opportunity to invest in emerging markets, including China, Ariel’s Phillpotts says
Despite simmering trade conflict between China and the U.S., Beijing is still an attractive market in which to invest, according to Ariel Investments emerging market equities portfolio manager Christine Phillpotts. “What’s important to note is that U.S. exports from China to the U.S. are less than 3% of Chinese GDP, they have massively declined over […]
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Trump’s China tariffs are raising costs for wedding dresses and threatening the small shops that sell them
Denise Buzy-Pucheu, founder and owner of The Persnickety Bride, said steep tariffs on imports from China are hurting U.S. businesses, including bridal shops and wedding dress designers. Some of the brands she carries have added a tariff surcharge. Courtesy of The Persnickety Bride; Photograph by Stella Blue Photography Days after President Donald Trump announced steep […]
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These overbought stocks could be due for a pause
Several tech heavy hitters could see a pullback after this week’s runup, if this technical indicator is any guide. Stocks have made a strong comeback since President Donald Trump’s early April tariff announcements triggered a sell-off. The reversal began after a temporary reduction in tariff rates for most countries was put in place. However, a […]
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OPEC+ agrees another accelerated oil output hike for June, sources say
FILE PHOTO: People walk past an installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) during the COP29 United Nations climate change conference in Baku, Azerbaijan November 19, 2024. Maxim Shemetov | Reuters Eight OPEC+ countries meeting on Saturday have agreed to a further accelerated oil output hike […]
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Jaguar Land Rover restarts car exports to the U.S., London’s Times reports
A used Range Rover Evoque vehicle for sale at a Land Rover dealership in Tucson, Arizona, US, on Tuesday, April 1, 2025. Bloomberg | Bloomberg | Getty Images Jaguar Land Rover has restarted shipments of vehicles to the United States after pausing them in the face of U.S. President Donald Trump’s tariffs, London’s Times newspaper […]
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