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Warren Buffett’s insurance guru Ajit Jain just sold more than half of his Berkshire stake
Ajit Jain has been a feature at Warren Buffett’s side since he left McKinsey & Co. to join Berkshire Hathaway in 1986, helping to grow the conglomerate’s suite of insurance businesses into a global
The Fed’s Rate-Cut Dilemma: Start Big or Small?
That the Fed will cut rates at its meeting next week is all but settled. But how much is shaping up to be a close call.
Adobe earnings report brings records, but stock falls as outlook underwhelms
Adobe Inc. forecast lower-than-expected revenue for the current quarter, and its stock was falling in Thursday’s after-hours action. The software company anticipates $5.5 billion to $5.55 billion in
Mortgage rates fall to lowest level since February 2023
Mortgage rates fell this week to the lowest point since February 2023, in a welcome sign for Americans grappling with a tough housing market.
PDD’s Status as Top China Growth Stock in Doubt After 30% Drop
PDD Holdings Inc.’s position as China’s top-performing tech stock is in danger, amid a crisis of investor confidence over the e-commerce firm’s worse-than-expected sales and growing competitive
RH stock rallies 17% after retailer gives update about demand for its home wares
RH is well positioned to benefit from a housing market rebound once interest rates fall and home prices “reset lower,” RH’s CEO says.
US Steel Deal ‘Doomed,’ Says Union ‘Steadfast’ in Opposition
The United Steelworkers union says it will not be bullied into accepting Nippon Steel Corp.’s last-ditch efforts to win over workers for its takeover of United States Steel Corp., calling the $14.1
Mortgage rates just fell again. Here’s what you need to know.
Mortgage rates fell on Thursday to their lowest level since April 2023 — 6.2 percent for a 30-year fixed-rate mortgage, down from 6.35 percent a week before, according to Freddie Mac. That’s a sharp
People like traveling, but hate planning. Hear how Booking Holdings CEO plans to change that
Rather than travelers planning a trip from scratch, companies will know "everything" about the traveler from the start, said Booking Holdings CEO Glenn Fogel.
Social Security Update: Smaller Increase Predicted for Next Year's COLA
The Senior Citizens League released its new prediction for the cost-of-living adjustment, saying benefits would likely rise just 2.5 percent.
Asia-Pacific markets set to climb, with Australia poised to breach all-time closing high
The S&P/ASX 200 is set to rise and breach its all time closing high of 8,114.7, with futures standing at 8,115 compared to from its last close of 8,075.7.
Top Economist Backs Off Recession Call. Why He Made the ‘Very Difficult Decision.’
Most economists are probably wondering if they should change their outlooks to a recession right about now. Ed Hyman, chairman of Evercore ISI, just pivoted to a soft landing from a hard one. Hyman
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