Reported about 2 hours ago
In his annual letter to shareholders, Warren Buffett celebrated the achievements of Berkshire Hathaway over the past year and since he took over, offering insights about his successor, Greg Abel, and urging responsible government spending. While avoiding politics in the letter, he emphasized the importance of managing currency wisely and expressed confidence in Berkshire's significant cash position of $334 billion, even as he reflected on challenges in finding major acquisitions and announced that this year's shareholder meeting would be shorter.
Source: YAHOO
Reported about 2 hours ago
Around 1,000 Bulgarian nationalists gathered to protest the government's plans to adopt the euro currency, highlighting ongoing tensions regarding national identity and economic changes.
Source: YAHOO
Reported about 2 hours ago
Source: WSJ
Reported about 2 hours ago
Source: BARRONS
Reported about 2 hours ago
Source: BARRONS
Reported about 2 hours ago
Source: YAHOO
Reported about 2 hours ago
Source: YAHOO
Reported about 3 hours ago
Atlas Air and DHL Express have decided to terminate their 18-year joint venture, Polar Air Cargo, to realign their strategic goals. Atlas will continue providing air transport services to DHL and refocus its operations towards long-haul flights and a diversified customer base. Following the dissolution, Atlas will take over certain assets and operations while DHL reclaims some aircraft contributed to the partnership. The change aims to enhance financial performance and address operational efficiency amid recent controversies and shifts in the air cargo market.
Source: YAHOO
Reported about 3 hours ago
Source: YAHOO
Reported about 3 hours ago
Source: INVESTORS
Reported about 3 hours ago
Source: INVESTORS
Reported about 4 hours ago
Warren Buffett's Berkshire Hathaway reported its third consecutive year of record operating profit, reaching $47.44 billion in 2024, up 27% from the previous year, fueled by significant growth in underwriting earnings and investment income from its insurance operations. The fourth quarter also saw a record operating profit of $14.53 billion, largely due to gains in insurance and foreign currency adjustments, with annual net income totaling $89 billion.
Source: YAHOO
Reported about 4 hours ago
Berkshire Hathaway Inc. reported a remarkable 71% increase in operating earnings in Q4, driven by improved investment income from higher interest rates and a robust recovery in its insurance sector. Operating earnings reached $14.5 billion, bolstered by a 48% rise in insurance investment income. The company's cash reserves grew to a new high of $334.2 billion, even as it sold off $6.7 billion in shares, and Warren Buffett reassured investors of a continued focus on equity investments over cash hoarding.
Source: YAHOO
Reported about 4 hours ago
Source: YAHOO
Reported about 4 hours ago
Mercedes-Benz has announced it will not pursue the robotaxi business, emphasizing its commitment to providing stylish transportation rather than acting as a public mobility service. CEO Ola Källenius stated the company is focused on enhancing driverless technology for its vehicles instead of operating fleets like Tesla's. While Tesla aims to launch its autonomous ride-hailing service in the near future, Mercedes-Benz and other automakers are pivoting towards improving their own autonomous driving systems to be integrated into their cars.
Source: YAHOO
Reported about 4 hours ago
U.S. officials are considering limiting Ukraine's access to Starlink internet services, essential for its military operations, unless Kyiv agrees to share its critical minerals. This discussion arose after Ukrainian President Zelenskiy rejected a U.S. proposal for mineral access in exchange for wartime aid. Starlink's connectivity is vital for Ukraine, particularly for drone operations, and losing it could significantly impact its military capabilities.
Source: YAHOO
Reported about 4 hours ago
Source: BARRONS
Reported about 4 hours ago
Source: INVESTORS
Reported about 5 hours ago
The upcoming spring selling season is expected to be difficult for homebuilders due to high mortgage rates, potential trade wars, and increased construction costs. While builders like DR Horton are trying to stimulate sales with incentives, overall demand remains weak, particularly at the lower end of the market. Concerns about affordability and the impact of proposed tariffs on construction materials add to the uncertainty, leading to a decline in builder confidence.
Source: YAHOO
Reported about 5 hours ago
Steve Quirk from Robinhood discusses recent trading trends among retail investors, noting a spike in activity related to Tesla, Nvidia, and cryptocurrencies post-election. He highlights a pattern where investors take profits and seek undervalued stocks while expressing concerns about potential overreactions to market news, particularly regarding tariffs.
Source: YAHOO
Reported about 5 hours ago
Source: YAHOO
Reported about 6 hours ago
Toyota is constructing Woven City near Mount Fuji to experiment with robotics, AI, and zero-emissions transportation. The $10 billion project, which began in 2021, will initially house around 100 workers from Toyota and partners. Unlike a typical smart city, Woven City focuses on mobility testing, with autonomous vehicles designed for deliveries and waste collection. Although the initiative aims to innovate, Toyota does not anticipate profits from the city in the near future.
Source: YAHOO
Reported about 6 hours ago
Source: YAHOO
Reported about 6 hours ago
Source: YAHOO
Reported about 6 hours ago
Source: YAHOO