Ajit Jain, Buffett’s insurance leader for nearly 40 years, dumps more than half of Berkshire stake
Ajit Jain, Warren Buffett’s insurance chief and top executive, sold more than half of his stake in Berkshire Hathaway, a…
Berkshire unloads another chunk of Bank of America as CEO Moynihan lauds Buffett as great shareholder
Warren Buffett’s Berkshire Hathaway offloaded another chunk of Bank of America shares, bringing its total sales to more than $7…
Lawmakers push to revive low-income broadband subsidy as providers pivot
Internet service providers including Charter, Verizon and Comcast are shifting customers away from the Affordable Connectivity Program, an expired federal…
U.S. targets Russia over 2024 election influence operation
The Biden administration on Wednesday announced sanctions targeting Russian government-backed efforts to manipulate American opinion leading up to the 2024…
Ken Griffin’s Wellington hedge fund at Citadel squeezes out 1% gain in volatile August
Billionaire investor Ken Griffin’s suite of hedge funds at Citadel eked out small gains in what proved a volatile month…
Warren Buffett leads Berkshire Hathaway to new heights at age 94
Warren Buffett turned 94 on Friday and his sprawling, one-of-a-kind conglomerate has never been worth more than it is today.…
Gap beats earnings and revenue estimates, hikes profit margin outlook as results are posted early
Gap raised its full-year profit outlook on Thursday after seeing better-than-expected results at its largest brand, Old Navy. The apparel…
Dollar General shares crater 25% as retailer cuts outlook, blaming ‘financially constrained’ customers
Dollar General shares tumbled Thursday after the discount retailer slashed its sales and profit guidance for the full year, suggesting…
Appeals court revives Sarah Palin defamation lawsuit against The New York Times — again
A federal appeals court on Wednesday for the second time overturned the dismissal of a defamation lawsuit by former Alaska…
Buffett’s Berkshire Hathaway hits $1 trillion market value, first U.S. company outside of tech to do so
Warren Buffett’s Berkshire Hathaway reached a $1 trillion market capitalization on Wednesday, the first nontechnology company in the U.S. to…
