business news

Berkshire Hathaway operating earnings jump 28% in the fourth quarter, cash pile surges to record

Berkshire Hathaway on Saturday reported a big rise in operating earnings in the fourth quarter, thanks to huge gains in…

Read Warren Buffett’s 2024 annual letter to shareholders

Warren Buffett released Saturday his annual letter to shareholders. In it, he renders a tribute to his longtime friend and…

Warren Buffett calls the late Charlie Munger ‘part older brother, part loving father’ in heartfelt tribute

Warren Buffett shared a heartfelt tribute to the late Charlie Munger, calling his business partner of 60 years the architect…

Credit card interest rates are at record highs. Cards have ‘never been this expensive,’ CFPB says

Credit card interest rates have ballooned to record highs in recent years — and the growing portion of the formula…

Economic boost from Taylor Swift’s Eras Tour could be overstated, Nomura warns

The devil’s in the details, but local economies have a friend in Taylor Swift. The American pop star has spent…

Iran has the largest ballistic missile arsenal in the Middle East. Now it’s sending them to Russia

Iran has sent hundreds of its powerful ballistic missiles to the government of President Vladimir Putin in Russia, furthering the…

Netanyahu’s first post-war plan seeks security buffer in Gaza — in blow to U.S. diplomacy

Israeli Prime Minister Benjamin Netanyahu disclosed his first official plan for the post-war future of the Gaza Strip, calling for…

German central bank losses soar, wiping out risk provisions

Losses incurred by the German central bank rocketed into the tens of billions in 2023 due to higher interest rates,…