Buffett’s Berkshire increases bet on Amazon.com
Warren Buffett’s Berkshire Hathaway Inc on Wednesday said it boosted its stake in Amazon.com Inc by 11% during the second quarter, as U.S. stock indexes...
Ackman’s Pershing Square makes new investment in Berkshire Hathaway
Billionaire investor William Ackman’s hedge fund Pershing Square Capital Management has made a new bet on Warren Buffett’s Berkshire Hathaway Inc , according to a...
Ackman’s Pershing Square makes new investment in Berkshire Hathaway: filing
Billionaire investor William Ackman’s hedge fund Pershing Square Capital Management made a new bet on Warren Buffett’s Berkshire Hathaway Inc , according to a regulatory...
U.S. curve inverts for first time in 12 years; 30-year yield tumbles
The U.S. Treasury yield curve temporarily inverted on Wednesday for the first time since June 2007 in a sign of investor concern that the world’s...
Markets register a shock, but is Trump right to blame the Fed?
It takes a lot to kill an economic expansion, typically requiring a major shock to bring growth to a halt and trigger a U.S. recession....
Fidelity Investments wins court battle with IRS over coal tax credits
Fidelity Investments on Wednesday won its court battle with the U.S. Internal Revenue Service over tax credits for the production of chemically treated coal....
Novartis replaces top scientists at Avexis after drug data manipulated
Novartis AG said on Wednesday it replaced the two top research and development executives at its Avexis unit after some data was manipulated from early...
Oil drops 3% on weak global economic data, U.S. crude stocks build
Oil prices shed 3% on Wednesday after fresh Chinese and European economic revived global demand fears and U.S. crude inventories rose unexpectedly for the second...
GE secures four-year labor deal with unions for 6,600 workers
General Electric Co has clinched a labor deal with all 6,600 of its unionized workers in the United States, averting potential strikes that could have...
U.S. stocks stumble on fears of looming recession
Wall Street stumbled on Wednesday as investors fled equities for safe-haven assets, seeking shelter amid gathering signs that a recession could be on the horizon....