Warren Buffett is considered one of the greatest investors of all time, and his track record supports that. Since taking control of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) in 1965, he’s managed to increase the value of the business by 4,974,948%. That’s a practically incomprehensible number, so I’ll put it a different way: If you […]
(Reuters) – New York Community Bancorp’s one-for-three reverse stock split will become effective mid-to-late July, the regional lender said on Thursday. The bank’s shares are down nearly 71% since the end of January, following a surprise quarterly loss due to commercial real estate stresses and a dividend cut. An investment from a group that included […]
By Dominique Vidalon and Bertrand Boucey PARIS (Reuters) – French far-right leader Marine Le Pen is confident her party will win an absolute majority in parliament, form a government and impose limits on what President Emmanuel Macron can do to support Ukraine, she said days before voting starts. Macron will remain president after a snap […]
Croatia head coach Zlatko Dalic has vowed to take nothing for granted as his side bid to belatedly kick-start their Euro 2024 campaign against Albania in Hamburg. An opening 3-0 defeat to Spain in Group B has raised the stakes for Dalic’s men with a final group game against favourites Italy still to come. But […]
Muslims from around the world started the Hajj pilgrimage in Saudi Arabia on Friday, with authorities expecting 2 million people to gather this year amid sweltering heat. After circling the Kaaba, the stone cube-shaped holy building inside the Grand Mosque in Mecca, pilgrims head to the nearby Mina valley where they will spend the night […]
InvestHK, the agency responsible for attracting foreign investment, said at least two dozen proptech companies are expected to set up in the city, after attracting HK$273.7 million (US$35 million) of investments from 25 companies in the sector last year. These investments came from eight countries and regions. 12 companies from China set up in the […]
SHANGHAI (Reuters) -Chinese electric vehicle maker Nio said on Thursday it expected deliveries in the second quarter to more than double from a year earlier to between 54,000 and 56,000. Revenue would also nearly double to about $2.3 billion in the three-month period starting April, the company said. The nine-year-old company, however, is still yet […]
NEW YORK (Reuters) – Bank of America’s investment banking fees are expected to rise 10% to 15% in the second quarter from a year earlier, CEO Brian Moynihan said on Thursday, after an almost two-year industry slump due to market volatility, rising interest rates and geopolitical turmoil. Trading revenue is also expected to grow at […]
People walk through Salt Lake City International Airport in Salt Lake City on Wednesday, April 3, 2024. (Photo by Spenser Heaps for Utah News Dispatch) Salt Lake City International Airport returned to pre-pandemic travel levels in 2023. Another milestone it expects to reach is to produce major economic impact with its construction plans set to […]
(Changes “Treasuries” to “Treasury” in last paragraph) By Davide Barbuscia NEW YORK (Reuters) – Jeffrey Gundlach, the chief executive of investment management company DoubleLine Capital, expects a U.S. recession as soon as this year, he said on Thursday, as higher interest rates pressure U.S. consumers and companies. Signals of brewing trouble in the U.S. economy […]
Max Verstappen believes Lando Norris is ready to rival him for the world championship as the Red Bull driver cast doubt on his own chances at the Monaco Grand Prix. After his maiden victory in Miami, Norris chased Verstappen all the way to the chequered flag in Imola, finishing less than a second behind the […]
(Reuters) — Taiwanese contract chipmaker TSMC, a major supplier to Apple and Nvidia, on Thursday forecast an annual revenue growth of 10% in the global semiconductor industry, excluding memory chips. “This is a new golden age of opportunity with AI,” said senior vice-president Cliff Hou, who was speaking at an event in Hsinchu, where the […]