Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. David A. Grogen | CNBC Berkshire Hathaway on Saturday reported a massive surge in fourth-quarter earnings from its operating businesses, driven in large part by insurance, while its cash holdings swelled to record levels. The…
Walmart stock may be a steal. Former Walmart U.S. CEO Bill Simon contends the retailer’s stock sell-off tied to a slowing profit growth forecast and tariff fears is creating a major opportunity for investors. “I absolutely thought their guidance was pretty strong given the fact that… nobody knows what’s going to happen with tariffs,” he told…
BMW Group has paused a £600m investment into a Mini car assembly plant on the outskirts of Oxford, amid a declining demand for electric vehicles. In 2023, the German carmaker, which has owned Mini since 2000, announced the investment to upgrade its Cowley plant for electric production of the Mini. It was supported by government-backed…
Sir Elton John has called on the government to rethink proposals involving the relaxation of copyright rules in the hope of protecting creative talent from AI. The singer and songwriter is among a growing list of public figures to express concerns about plans that would allow tech firms to use online material, including creative work,…
It was hailed as “the future of UK parking”, intended to remove one of the bugbears of modern life: the need to sign up to a plethora of different apps in order to park your car. But a big question mark now hangs over the future of the National Parking Platform (NPP), a government-funded scheme…
Young people using private electric scooters on roads and pavements risk facing huge insurance premiums when they want to drive a car, says the comparison website MoneySuperMarket. It emerged this week that almost 800 children aged 13 to 16 had been issued an IN10 endorsement – the code used by the police for “using a…
Steve Cohen, chairman and CEO of Point72, speaking to CNBC on April 3, 2024. CNBC Billionaire investor Steve Cohen doubled down on his negative view of the U.S. economy due to a backdrop of punitive tariffs, immigration crackdown and federal spending cuts spearheaded by the so-called Department of Government Efficiency. The chairman and CEO of…
Sopa Images | Lightrocket | Getty Images Bluebird Bio will sell itself to private equity firms Carlyle and SK Capital for about $30 million, the company said Friday, marking the end of the Bluebird’s fall from the one of the buzziest biotech firms to one that was on the cusp of running out of money.…
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Marco Bello | AFP | Getty Images Block shares plunged 16% on Friday and headed for their steepest drop since 2020 after the company reported fourth-quarter earnings that missed estimates and issued guidance for 2025 that failed to reassure investors. In its financial report late Thursday, Block reported earnings of 71 cents per share, falling…
